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Total Energy CEO: If the shale oil industry begins to plateau, we will need to increase our investment in conventional oil.Total Energy CEO: We are currently able to meet oil demand, and we are not actually seeing any underinvestment.On November 3rd, Alphabet (GOOG.O), Googles parent company, is returning to the European debt market, raising funds through a tranche offering to support its record capital expenditures in artificial intelligence and cloud infrastructure. This marks the companys second foray into the euro-denominated bond market this year. According to sources familiar with the matter, Alphabet is offering six benchmark euro-denominated bonds with maturities ranging from 3 to 39 years, with a total issuance expected to reach at least €3 billion (approximately $3.5 billion). The three-year bonds will have an interest rate approximately 60 basis points above the medium-term swap rate, while the longest-term bonds will have a spread of approximately 190 basis points. This bond offering will be the companys second appearance in the euro market in 2025. Previously, the company completed its €6.75 billion initial public offering earlier this year, which saw strong demand, highlighting its strategy of diversifying its financing channels.German Economy Minister: I expect we can introduce an industrial electricity price early next year.US tech stocks rose in pre-market trading, with Micron Technology (MU.O) up more than 4%, Netflix (NFLX.O), Meta Platforms (META.O), and AMD (AMD.O) up more than 1.2%, and Nvidia (NVDA.O) and Qualcomm (QCOM.O) up about 1%.

The Crypto Market Tries to Buck Negative Pressure

Skylar Shaw

Mar 03, 2023 14:19

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Overnight, the market capitalization of cryptocurrencies decreased 1.2% to $1.07 trillion. Since Sunday, this stage has been the center of attention, highlighting the development of the participant's abilities. The dread and avarice measure for cryptocurrencies is once again in the 50s. Since January, indifferent feelings, not dread, are mixing with times of avarice.


Even as it declines to 23k, Bitcoin still finds support, which is a remarkable outcome given the weaker dollar and the deteriorating stock market. The first cryptocurrency is still going strong and successfully battling the powerful forces that caused the Nasdaq100 to regress five weeks ago.


The 50-day moving average and the regional lows from late last week are centered around $22.7K, which appears to be a key warning mark on the road down for Bitcoin. If this support does not hold, February's positive progress will be reversed, and the next significant halt is not anticipated until $21.5K.


Between opposition in the 50-week average (near $1690) and the 50-day average (near $1600), Ethereum is trapped. A swift decline to $1400 could occur if the bears prevail in this small-scale conflict.

Stories from the past

France is about to make it harder for bitcoin businesses to obtain licenses. A new set of rules for the licensure and registering of bitcoin businesses have been passed by the nation's lower chamber of government. If the measure is approved, the modifications would start to apply in July 2023.


A uniform set of standards will be developed to boost customer trust in digital assets, according to the Stablecoin Standard group, which consists of the largest stablecoin producers.


Following the announcement of a collaboration with Meta and Telefónica as part of the Metaverse Activation Plan effort, the GMM cryptocurrency of the Gamium blockchain project increased by 650%. The two titans' collaborative initiative seeks to support and grow businesses in the Metaverse and Web3 area.


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