Search results for U.S. Department of Labor
Telecommunications & Media
Samsung price hike seen raising pressure on Apple and Google smartphone prices
An analysis says Samsung’s decision to raise prices by $100 across its latest foldable flagship and ultra-premium smartphones is increasing upward pressure on prices across the industry. The report says similar moves by Google and Apple are being discussed, with concerns that consumers may extend replacement cycles. It cited commentary from Engadget and examples including Valve’s Steam Deck pricing and survey and research findings on how higher prices could reduce demand.
Crypto
U.S. producer price cooling triggers heavy XRP short liquidations, liquidation gap at 331 percent
U.S. June producer prices came in below expectations, sparking a jump in XRP short-position liquidations and a 331 percent liquidation imbalance over 24 hours. Monthly PPI fell 0.3 percent, while annual inflation eased to 5.5 percent, helping ease concerns about Federal Reserve tightening and pushing the dollar index down to 100.562. Bitcoin and ether rose, and XRP broke several resistance levels. CoinGlass data showed $2.56 million in XRP shorts were liquidated versus $593,260 in longs.
Crypto
Bitcoin slides to $62,000; Middle East situation and ETF flows in focus
Bitcoin fell to the $62,000 level this week as worsening U.S.-Iran relations coincided with selling pressure from institutions. A weekly report by a Bitbank market analyst cited rising geopolitical uncertainty after Iran halted nuclear talks with the United States, stronger-than-expected U.S. labour indicators that lifted rate-hike pressure, and news that Strategy sold part of its bitcoin holdings. U.S. spot bitcoin ETFs also posted 14 straight sessions of net outflows through June 3, before turning to a small inflow on June 4.
