On May 2, legendary trader Peter Brandt said that the price of Bitcoin could surge close to its latest ATH level if it continues this pattern.
If Bitcoin can hold these lows and move higher the chart will qualify as a very common bull market continuation chart build. $BTC pic.twitter.com/M8pBTUwszt
— Peter Brandt (@PeterLBrandt) May 2, 2024
However, he previously predicted that Bitcoin has already reached its peak. The price will then return to rest around $40,000.
Despite these predictions, But he still thinks that Bitcoin is currently in an uptrend.
Peter Brandt’s opinion on the characteristics of Bitcoin
In his latest blog, Peter Brandt highlighted the characteristics of Bitcoin that set it apart from other assets, stating: It is an unhackable asset. Limited number and accepted around the world and transactions almost instantly He said:
“Bitcoin has only grown parabolically. But the price has also increased parabolically on a log scale I have never seen such a stock. Commodities Or what kind of publicly traded assets can do this?”
Peter Brandt Market Scene
However, his latest predictions do not match previous predictions. But he believes Bitcoin is still on the rise,
In 4 Months, 831 Million Dollars Of Remittances…
In the first four months of 2024, Bangladesh received 831 million dollars in remittances. Remittance collection increased to $2.04 billion in April, which is 21.3 percent higher than the same period last year.
According to the data of Bangladesh Bank, as a result of the initiatives of various banks aimed at encouraging the flow of remittances, a total of 831 million dollars have come from expatriates in the country from January to April this year.
Read: Government is taking a new plan to increase remittance flow
An upward trend can be seen with $2.11 billion in January, $2.16 billion in February, $1.99 billion in March and $2.04 billion in April. This flow has been a boon to the economy, especially during the ongoing foreign exchange crisis.
Prominent economist Dr. Ahsan H Mansoor said, Bangladesh can increase remittance collection through legitimate channels by providing more financial and non-financial incentives to expatriates. He highlighted the priority of remittance senders in using the hundi system, an illegal money transfer system. Because of its high exchange rate, which is 5 to 7 rupees per US dollar higher than the official rate.
It is under control.
Daimler Truck UAW Workers Ratify Historic Contract With…
How Daimler Truck Workers in the South Won Big
The recent ratification of a new historic common contract at Daimler Truck by its workers marks a significant win for labor unions in the South. With an overwhelming 94.5% approval rate, this four-year agreement stands to enhance economic gains for over 7300 workers building Freightliner and Western Star trucks and Thomas Built Buses in North Carolina, Tennessee, and Georgia.
Raise of Over 25%
The new contract includes raises of more than 25%, which is a substantial improvement from the previous payment structure. The company will also introduce profit-sharing and Cost-of-Living allowance (COLA) for the first time ever at their plant – both major provisions which can positively impact employee salaries long-term.
A Step Towards Ending Tiered Wages
In addition to making economic gains, this contract agreement aligns with one of UAW’s primary objectives: ending tiered wages among workers who make trucks versus those who manufacture buses. This change ensures that those who perform tasks of equal value receive equal pay by the end of the four-year agreement term.
“The energy fueled the bargaining team’s push for a record contract – and they made great gains on the issues our members said were most important to them,”
This accomplishment was made possible due to union members threatening strikes if approval wasn’t granted – ultimately resulting in this historic collaboration between management and employees.
MSMEs: Main Drivers For The Development And Economic…
Assumption, IP Agency.- The National Institute of Statistics (INE) and the Vice-Ministry of MSMEs of the Ministry of Industry and Commerce (MIC) signed this Thursday a framework agreement for inter-institutional cooperation to enhance strategic policies, through the generation of information on Micro, Small and Medium-sized Companies (MSMEs).
The national director of the INE, Iván Ojeda, highlighted that they will work to strengthen the information system of MSMEs, which are the “main drivers that Paraguay has for its development and economic growth.”
Celebrate this initiative that has several objectives in the area and for people to live better in Paraguay, he said.
The Vice Minister of MSMEs, Gustavo Giménez Fernández, referred in the same way and highlighted the importance of having consolidated information about the sector, in order to improve management, through statistics. Currently, eight out of ten workers are working in MSMEs.
One of the main objectives of this agreement refers to mutual cooperation in everything related to the development and competitiveness of Micro, Small and Medium Enterprises – MSMEs, as well as the promotion of entrepreneurs. Currently, about 90% of the companies in the country fall into this category.
CONNECTIVITY Starlink Obtains Its License
Starlink can now market its products in Madagascar. In a decision by the Communication Technologies Regulatory Agency (Artec), it is indicated that this company now has a license “For the installation and operation of broadband internet service by satellite”. It is allocated to Starlink Madagascar SA, which thus becomes a telecom operator in its own right, able to operate throughout the national territory. It is also specified that this license is valid for five years, from the signing of this document.
Artec nevertheless indicates in its decision that Starlink will have to pay 100,000 euros in return for the award of this license. “The holder [de la licence, NDLR] will pay an annual fee of 5% of its turnover excluding tax, payable in ariary to Artec at the official rate in force on the day of payment”, it is announced.
Tahina Razafindramalo, Minister of Digital Development, Posts and Telecommunications, recently announced the official arrival of Starlink and the company’s acquisition of a license. In a post on his LinkedIn account, the government member welcomed this subsidiary of SpaceX, speaking of a new chapter and a new player which is part of the connectivity landscape on the Big Island.
Business News 3/5: Gold Price: Increasing
– Gold price: Increases
World gold prices on the afternoon of May 2 reversed to increase sharply; Domestic gold prices on May 2 also recovered after two sessions of decline.
According to records on the afternoon of May 2, the price of gold on the domestic market is listed specifically as follows:
SJC gold in Hanoi and SJC gold in Da Nang: 82.9 million VND/amount purchased (down 100,000 VND/amount purchased), 85.1 million VND/amount sold (down 100,000 VND/amount sold).
SJC Phu Quy gold: 82.9 million VND/tael purchased (up 300 thousand VND/tael compared to yesterday), 84.9 million VND/tael sold (up 200 thousand VND/tael compared to May 1) .
DOJI gold in Hanoi is 82.8 million VND/tael purchased, 85 million VND/tael sold (an increase of 200,000 VND/tael purchased; an increase of 200,000 VND/tael sold compared to May 1).
DOJI in Ho Chi Minh City 82.7 million VND/buy amount, 84.9 million VND/sell amount (up 100 thousand VND/buy amount; up 100,000 VND/sell amount compared to May 1) .
PNJ gold in Ho Chi Minh City and PNJ gold in Hanoi: 73.4 million VND/tael bought, 75.1 million VND/tael sold (down 400,000 VND/tael in both buying and selling compared to on May 1).
Here Comes The Biggest Airport In The World.…
#biggest #airport #world #cost #billion #euros
Sheikh Mohammed/X
400 doors, five runways, 260 million passengers and an entire city around an airport: the promise from a Sheikh to quintuple his international center.
Sheikh Mohammed bin Rashid Al Maktoum’s megaproject is ambitious to say the least. The leader of Dubai will invest in a mega-airport worth 35 billion dollars (about 32 billion euros), which promises to be the largest in the world.
At a time when travel is returning to pre-pandemic levels, with 17.15 million overnight international visitors in 2023, the new project is planned for the next 10 years and aims to quintuple the current size of Al Maktoum International Airport.
According to the emirate, the facility’s capacity will reach 260 million passengers — by far, the largest in the world. The airport will be the centerpiece of Dubai Southa city planned for the future of Dubai, which hopes to house one million inhabitants.
“We are building a new project for future generations, ensuring continuous and stable development for our children and their children”,
Pemex Allocated 388 Million Pesos To Eight Entities…
Mexico City. In the first quarter of the year, Petróleos Mexicanos (Pemex) allocated 388 million 300 thousand pesos to the eight states where the company has the greatest presence of its activities, an amount that represents an increase of 145.6 million, or 60.6 percent more, compared to the same quarter of the previous year.
The company reported to the Energy Commission of the Chamber of Deputies that these resources were used for 68 programs, works and/or actions in Campeche, Chiapas, Guanajuato, Nuevo Leon, Oaxaca, Tabasco, Tamaulipas and Veracruz.
With these funds, services and infrastructure in education and sports, environmental protection, productive projects, health, public safety and civil protection were improved in these entities, which is also linked to the goals of the objectives of the 2030 Agenda for Development. Sustainable.
He indicated that Tabasco and Campeche were the states that received the most resources, concentrating 52.55 percent and 36.02 percent, respectively, of the total, which corresponds to their contribution of hydrocarbons to national production and the activities carried out by the oil company.
The company in charge of Octavio Romero Oropeza highlighted that Tabasco is one of the main levers of the country’s economic development and highlighted that the large reserves found in this six-year period,
Peso Surges Against Dollar On Strong US Labor…
The Mexican peso continued to advance against the US dollar on May 3, 2024, following positive US labor data. This marked a weekly gain for the Mexican peso, which outperformed other currencies in the region.
The Mexican Stock Exchange (BMV) also saw gains on Friday, with Forbes Mexico Dollar TODAY highlighting the Superweight as one of the top winners for the day.
As of May 3, 2024, the dollar was trading at a favorable rate for the peso. The exchange rate between the two currencies reflected the positive performance of the Mexican economy and the strength of the peso in the foreign exchange market.
Investors and analysts will continue to monitor the performance of the peso against the dollar in the coming days, as external factors such as US economic data and global market trends can influence the exchange rate.
Overall, the outlook for the Mexican peso remains positive, with potential for further gains based on strong economic indicators and market performance.