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February 19th - Traffic volume on national highways is expected to exceed 60 million vehicles today. With the increasing number of new energy vehicles, the number of vehicles at highway charging stations rises daily starting at 10:00 AM. Heavy traffic is expected on the Hunan section of the Xu-Guang Expressway, the Jiangsu section of the Beijing-Shanghai Expressway, and the Sichuan section of the Chengdu-Bazhong Expressway.February 19th - According to a Reuters survey, most economists predict the Bank of Japan (BOJ) may raise its key interest rate to 1% by the end of June. Some economists expect the central bank to act as early as April due to heightened concerns about rising inflation and a weak yen. In the survey conducted from February 10th to 18th, all 76 economists said the BOJ would keep interest rates unchanged at its March meeting. However, 58% of them expect the policy rate to reach 1% by the end of June, an increase from slightly over one-third in January. Of the 44 economists who specifically indicated the month of the next rate hike, 36% chose June, 20% chose April, and 34% chose July. Kento Minami, senior economist at Daiwa Securities, said the BOJ will continue to push for further rate hikes at a relatively rapid pace, taking into account the upside risks to inflation from expansionary fiscal policy and the impact of yen depreciation. Meanwhile, to curb further yen depreciation, two-thirds of the 29 respondents said they expect the authorities to intervene in the foreign exchange market again. Of these, 40% believed that the 160 mark was the most likely point to trigger intervention.On February 19th, Nvidia CEO Jensen Huang, in a media interview, teased the upcoming GTC 2026 conference, explicitly stating that a brand-new chip "unprecedented in the world" would be unveiled at the event. Currently, the specific model of the new product has not been disclosed, but it is widely speculated that it will likely come from two major chip series: one is a derivative of the Rubin series; the other is the next-generation Feynman series chip, which is described as a "revolutionary" product.New York silver futures rose above $78 per ounce, up 0.52% on the day.According to a Reuters poll, 58% of economists expect the Bank of Japan to raise its key interest rate to 1% by the end of June, compared to 36% in the January survey.

Bitcoin Falls 7.2% to $28,758

Skylar Shaw

May 12, 2022 09:58

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At 22:05 GMT on Wednesday, bitcoin was down 7.23 percent to $28,758.29, a loss of $2,241.68 from its previous closing.


Bitcoin, the world's most popular cryptocurrency, is down 40.4 percent from its all-time high of $48,234 on March 28.


On Wednesday, the cryptocurrency tied to the Ethereum blockchain network, fell 11.56 percent to $2,071.46, a loss of $270.66 from its previous closing.