China Telecoms in 5G Industrial Internet of Things Market Report 2021: Plans and Applications of Three Leading Chinese Telecom Operators - China Mobile, China Unicom, and China Telecom

FX Empire
EUR/USD Price Forecast – Euro Gives Up Early Gains
The Euro initially tried to rally on Thursday but gave back the gains to form a less than exciting candlestick.
23h ago
Reuters
Vietnam's answer to Tesla has U.S. in its electric sights
That's the proposition being offered by the automobile arm of Vietnam's largest conglomerate, Vingroup. It's betting big on the U.S. market with its VinFast line of cars and hoping that electric SUVs and a battery leasing model will be enough to woo consumers away from homegrown market leaders like Tesla and General Motors Co. A recent arrival on the automotive scene and the No. 5 car brand in Vietnam, VinFast is not short on ambition, with its sights set on a U.S. listing and a valuation of as much as $60 billion, according to two sources familiar with its plans.
8h ago
Yahoo Finance
Warren Buffett will provide a visible clue on his succession strategy at annual meeting
The presence of Vice Chairmen Greg Abel and Ajit Jain offers a symbolic look toward the company's future and a chance for shareholders to interact with the company's next generation of leaders, Buffettologists told Yahoo Finance.
23h ago
Reuters
StanChart to cut branch network in half, quarterly profit beats expectations
LONDON (Reuters) -Standard Chartered PLC is to reduce its global branch network by half to around 400 to cut long-term costs after the British bank reported a stronger than expected first-quarter profit. "Those markets that are higher on branch numbers we'll be looking at more closely," StanChart's CFO Andy Halford told reporters, without giving more details, beyond noting branch numbers in the lender’s most profitable market Hong Kong were modest. The cost-cutting drive came as StanChart posted an 18% increase in first-quarter pre-tax profit, beginning a recovery from the economic hit caused by the coronavirus pandemic.
1d ago
Yahoo Finance
AMD CEO Lisa Su: 'This is a very unique time in the semiconductor market'
AMD CEO Dr. Lisa Su talks with Yahoo Finance Live about the chip-maker's explosive growth and outlook.
19h ago
CoinDesk
Market Wrap: Bitcoin Near $53K After Major Drop as Ether Tops $2,800 for First Time
Bitcoin’s dominance is less than half of the crypto market as assets like ether and binance coin captivate traders.
16h ago
Bloomberg
Copper Boom Is Just Beginning for the CEO of Biggest Gold Miner
(Bloomberg) -- Copper may be flirting with record highs but the metal is far from peaking as the energy transition revs up, according to Newmont Corp. Chief Executive Officer Tom Palmer.Futures hit $10,000 a metric ton on Thursday for the first time since 2011 as mines struggle to keep up with surging demand. Newmont, the world’s largest gold producer, is increasing exposure to copper through several “mega projects,” Palmer said on an earnings call. Even if just one materializes, copper will account for 15-20% of the company’s total output by the end of the decade, he said.“I’m pretty excited about having good exposure to copper at that time when the world is going through the energy transition,” Palmer said on an interview with Bloomberg TV following the earnings call. “Copper’s got a pretty good story in front of it. I think its day in the sun is more towards the end of this decade.”The copper push doesn’t mean Palmer has a downbeat view on gold. He sees bullion prices holding their current “very healthy levels” or even moving higher given fiscal and monetary stimulus. India should remain one of the key sources of demand after the country recovers from the Covid-19 tragedy, Palmer said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
20h ago
FX Empire
Oil Price Fundamental Daily Forecast – Strong Rally Driven by Confidence in OPEC+
The spike to the upside is a clear indication that investors believe the surge on COVID-19 cases in India, Japan and Brazil is only temporary.
21h ago
Yahoo Finance
What makes Buffett-led Berkshire Hathaway ‘very distinctive in corporate America’: Management expert
Georgetown University Law Professor Lawrence Cunningham told Yahoo Finance that the "Berkshire magic" stems from the decentralized, hands-off relationship between Buffett and the company's other stakeholders.
2d ago
Yahoo Finance
Trump tax cut allowed Duke Energy to reduce costs for customers ‘by over a billion dollars’: CEO
Lynn Good — CEO of Duke Energy (DUK), one of the nation's largest utility companies — did not take a position on a proposed corporate tax hike but cautioned that it may require the company to pass along costs to its customers through higher prices.
22h ago
Bloomberg
Copper Extends Rally to Top $10,000 With All-Time High in Sight
(Bloomberg) -- Copper topped $10,000 a metric ton for the first time since 2011, nearing the all-time high set that year as rebounding economies stoke demand and mines struggle to keep up.Prices rose as much as 1.3% to $10,008 a ton on the London Metal Exchange, before slipping back to trade near unchanged. The metal hit a record $10,190 in February 2011.Copper has been among the best performers in a month where metals ranging from aluminum to iron ore have surged to the highest in years. The rally is being fueled by stimulus measures, near-zero interest rates and signs that economies are recovering from the virus pandemic. A push toward cleaner energy sources is also seen boosting consumption of copper, used in everything from electric vehicles to solar power systems, further straining supplies.“This is a remarkable run for copper in terms of magnitude and consistency,” said Tai Wong, head of metals derivatives trading at BMO Capital Markets. “The all-time high at $10,190 is just around corner and now practically a foregone conclusion.”Investors have piled into copper, with aggregate open interest in Shanghai Futures Exchange copper contracts at the highest in more than a year and hedge fund managers boosting bullish Comex copper bets in the week ended April 20.With copper demand set to soar once more, there are mounting concerns that producers will struggle to plug the gap as they battle a host of technical and regulatory pressures. In the longer term, producers worry that plans to boost mining royalties could stifle investment.Prices have doubled from lows in March, along with a surge across raw materials from oil to agriculture. That’s spurring debate about whether the current boom may herald a so-called commodities supercycle.It has also helped push mining shares to multiyear highs.“The copper price has gone stratospheric and probably has further to go, which is a boon for miners who are currently making at least two dollars for every one they spend getting metal out of the ground,” said Robert Edwards, Principal Analyst, base metals at CRU Group.Copper pared earlier gains as the dollar advanced, reducing the appeal of the metal for investors holding other currencies. For the day, the metal rose 0.1% to settle at $9,885 a ton on the LME. Other metal were mixed in London, with aluminum climbing to a three-year high and nickel falling.“The copper rally still has legs to go,” said Wenyu Yao, senior commodities strategist at ING Bank. “The outlook for the U.S. economy keeps getting better. Economic reopening coupled with massive stimulus, faster-than-expected vaccine rollouts and supportive fundamentals all point to even higher prices.”With copper prices nearing record highs, Newmont Corp., the world’s largest gold producer, is looking to increase output of the metal through several “mega projects,” Chief Executive Officer Tom Palmer said on an earnings call Thursday. Even if just one materializes, copper will account for 15-20% of the company’s total output by the end of the decade, he said.“I’m pretty excited about having good exposure to copper at that time when the world is going through the energy transition,” Palmer said during an interview with Bloomberg TV after the earnings call. “I think copper’s got a pretty good story in front of it. I think its day in the sun is more toward the end of this decade.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
17h ago
Bloomberg
Warren Buffett Poised to Weigh In on How Berkshire Fares Post-Pandemic
(Bloomberg) -- A year after Warren Buffett revealed he was unloading airline stocks as the pandemic took hold, Berkshire Hathaway Inc. shareholders are eager for his sense of what’s next for the conglomerate with more Americans emerging from lockdown.On Saturday, Berkshire’s chief executive officer will address shareholders via video-conference to conform with health guidelines, scrapping for a second year an arena event in Omaha, Nebraska, that typically attracted thousands of adoring fans. He’ll likely recount how the global crisis took a toll on some of the company’s wide-ranging businesses while bolstering some others.Investors will seek insights into the pulse of the U.S. economy from Buffett, whose company owns the BNSF railroad and has a stake in truck stop chain Pilot Travel Centers.“The first thing we’re going to be looking for is a demeanor on his part that should reflect a greater degree of confidence and visibility on the impact of the pandemic,” Cathy Seifert, an analyst at CFRA Research, said in an interview. At last year’s meeting, when uncertainty continued to plague businesses and markets, Seifert “had the sense that he was truly frightened,” she said.A representative for Berkshire declined to comment ahead of the meeting.Last year’s event was a modest affair with Buffett striking a subdued tone amid uncertainty from the pandemic, as he sat spaced apart on stage from his deputy Greg Abel. Buffett, 90, moved the meeting to Los Angeles this year, where his longtime business partner and Berkshire vice chairman Charlie Munger, who is 97, lives.While the billionaire investor could offer a unique perspective on how the economy is faring, investors have been largely in the dark recently about how he views the fallout from the Covid-19 crisis. His 15-page annual letter in February mentioned the pandemic only once: One of his furniture companies had to close for a time because of the virus, the billionaire noted on page nine.But some of his other businesses also felt the strain. The pandemic weighed on sales for retailers such as See’s Candies and party-goods supplier Oriental Trading Co. Precision Castparts, a maker of aerospace and energy industry equipment, was largely behind the $11 billion writedown Berkshire took last year when the virus slashed demand for flights. But Geico reported lower losses as shutdowns decreased the level of driving across the U.S. Kitchen-supply seller Pampered Chef posted higher earnings in 2020.“There’s a lot of opportunity for him to probably share some really interesting insights into the pandemic,” Jim Shanahan, an analyst at Edward D. Jones & Co., said in an interview. “He could probably talk about parts of the country that have had more robust recoveries to this point and parts of the country that are lagging in a way that some executives can’t do.”Whatever the commentary he delivers, Berkshire has been shaking things up among its investments since last year’s meeting. The company, which dumped airline stocks including shares in Delta Air Lines Inc. and Southwest Airlines Co. early in 2020 as the pandemic crushed travel, has been trimming its bank holdings over the past year in a major shift for a portfolio that had roughly 41% of its fair value concentrated in banks, insurers and financial firms at the end of 2019.When he addresses shareholders, another potential theme could be how businesses adjust as the recovery unfolds: With vaccines rolling out, large corporations are re-examining everything from customer demand to their return-to-office plans. JPMorgan Chase & Co. said this week that U.S. staff should expect to come back on a rotating basis in July. Other companies, including Mitsubishi UFJ Financial Group Inc., are considering ways to cut real estate footprints in regions such as the Americas.Other topics the meeting might address:Spending That CashBerkshire ended 2020 with more than $138 billion of cash, even after spending a record $24.7 billion on buybacks last year. The constantly swelling pile has been weighing on the conglomerate’s stock, with Berkshire Class A shares falling short of the S&P 500’s 102% price gain over the past five years.“We expect capital management will again be a key topic at this year’s annual meeting,” UBS Group AG analysts led by Brian Meredith said in an April 26 note to clients. They estimated that Berkshire repurchased about $5 billion of its shares in the first quarter.Buffett’s desire to snap up even more of Berkshire’s own stock has offered the billionaire investor another way to deploy capital, especially as the popularity of special purpose acquisition companies makes the environment for takeovers even more competitive. Earnings on Saturday should give investors a sense of how much money he spent on repurchases in the first three months of the year.Berkshire was able to strike a few deals last year. The company invested in five Japanese trading houses and purchased some natural gas assets from Dominion Energy Inc. But the conglomerate was foiled at the start of the pandemic when the federal government swooped in to help companies that might have otherwise turned to Berkshire as a safe haven.“There will be some questions about that, too, because if anything, there’s as much or more capital on the sidelines in competition with him than there was before,” Shanahan said, referring to Berkshire’s dealmaking. “The SPACs were kind of a new wrinkle.”Biden EraBuffett has been careful to tread lightly around political topics in recent years. While he has campaigned for candidates in the past, he kept mostly mum about last year’s election.With President Joe Biden’s newly released tax plan and infrastructure proposal now making the rounds, Buffett could weigh in on their potential impact both on the economy and on Berkshire in particular.Climate Change, DiversityBerkshire is facing two shareholder proposals at the meeting this year, one about climate change and the other about diversity and inclusion. Both seek to push the company to publish more information on its efforts on those fronts.The board is advising investors to vote against the proposals, while acknowledging that managing climate risks and addressing diversity are important issues. Buffett has long said that Berkshire’s decentralized approach -- where each subsidiary handles their own business with very few functions for the conglomerate -- makes producing multiple comprehensive reports or finding ways to report data in a uniform way for such varied businesses burdensome. Each unit should be addressing these risks individually, according to Buffett.The company is also contending with moves by two proxy advisory firms. Glass Lewis recommended withholding votes or voting against the election of audit committee chair Thomas Murphy, citing lack of climate change risk disclosure. Institutional Shareholder Services advised that votes be withheld for four board members because of ineffective oversight on compensation.”I don’t recall there ever being an issue with any of the proxy solicitation firms going against a slate of directors,” said Seifert. On the specific topics of climate change and diversity, “for Berkshire to turn a deaf ear and a blind eye to these to me, at best, looks tone deaf.”SuccessionBuffett routinely faces questions about succession given his age and length of tenure. But in 2018, he took a step toward addressing the matter by promoting Greg Abel and Ajit Jain to vice chairmen roles, alongside Munger. Both Abel and Jain will be at the meeting.One lingering question is Todd Combs’ role leading Geico. Combs, a portfolio manager alongside Ted Weschler, took on that job managing the auto insurer in a move Buffett said was temporary. Any update on his responsibilities could be key, Shanahan said.Stock MarketMany investors tune into Buffett’s annual meetings to hear his thoughts on the stock market. This year offers new themes he might address, after mania surrounding trading of GameStop Corp. and drama with Robinhood Markets Inc.Munger has criticized online brokers that attract inexperienced retail investors, saying they’re essentially offering gambling services. His comments in February also touched on firms that offer commission-free trading, which he called one of the most “disgusting” lies.“Robinhood trades are not free,” Munger said. “When you pay for order flow, you’re probably charging your customers more and pretending to be free. It’s a very dishonorable, low-grade way to talk. And nobody should believe that Robinhood’s trades are free.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
1d ago
Reuters
Tesla slips below 10% of Cathie Wood's flagship fund
Cathie Wood's flagship Ark Innovation fund has allowed its stake in Tesla Inc, its largest holding, to slip below 10% this week for the first time in over a month. Tesla made up 9.7% of the Ark Innovation ETF as of Thursday, down from 10.9% a month ago, with a net sale of about 252,000 shares over that period, according to portfolio listings on the website of fund manager Ark Invest. The fund's remaining Tesla stake is worth $2.4 billion.
19h ago
Reuters
Biden's EU trade dilemma: more pain for Harley, distillers or back off metals tariffs?
The Biden administration faces a major dilemma in its dispute with the European Union over Trump-era steel and aluminum tariffs: back down to avoid acute pain for Harley-Davidson Inc and whiskey distillers or stick with the duties even though they are now exacerbating acute shortages for U.S. manufacturers. The EU has threatened to double the tariffs on Harley-Davidson motorcycles, American-made whiskey and power boats to 50% on June 1, cutting off any residual hope of exports to the continent. President Joe Biden has pledged that he will maintain the tariff protections for the steel and aluminum industries until the problem of global excess production capacity - largely centered in China - can be addressed.
1d ago
CoinDesk
What an Increasingly Booming Economy Means for Bitcoin
What macro role does bitcoin play as GDP and consumer confidence grow?
17h ago
Reuters
Shell raises its dividend as profits surge
Royal Dutch Shell's profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic. Shell's adjusted earnings were above an average analyst forecast of $3.125 billion and also ahead of earnings of $2.9 billion last year, boosted by assets sales as well as higher oil and liquefied natural gas (LNG) prices, it said on Thursday. Sales of oil and gas assets in countries including Nigeria, Canada and Egypt added $1.4 billion to first-quarter profits.
1d ago
Bloomberg
Novavax Vaccine Results Will Put 1,190% Stock Surge to Test
(Bloomberg) -- The upcoming release of Novavax Inc.’s Covid-19 vaccine trial results may not only help provide additional pandemic relief across the globe, it could also validate investor support that buoyed the stock by 1,190% over the past year.The biotech firm said in March its shot could get cleared by the Food and Drug Administration for emergency use as early as May. To hit its May target, Novavax may need to submit data to the FDA within the next week or so. It may take regulators then several weeks to review the results and decide on whether to grant an authorization, based on timelines of previous U.S. Covid-19 vaccine clearances.If that materializes, the company will have the fourth Covid-19 vaccine in the U.S. in addition to shots from Pfizer Inc. with its German partner BioNTech SE, Moderna Inc. and Johnson & Johnson.Novavax representatives declined to comment on the upcoming results and timeline for the release of trial data.Novavax may have lost the race on vaccinating millions of Americans with more than 230 million doses administered stateside but a successful trial can still help developing nations like India and Brazil where shots are in high demand as infections hit record levels. U.S. President Joe Biden said Tuesday that upcoming vaccines, including one from Novavax, could be shared with other countries.Novavax’s shares skyrocketed last summer when it became one of the front-runners in the race to develop an inoculation against the coronavirus. But it has since trailed behind U.S. market leaders both on production and on a valuation standpoint.Moderna, which secured an emergency authorization in December, now trades at roughly four times Novavax’s market value of about $17.6 billion, while Germany’s BioNTech is worth $43 billion. CureVac N.V., another vaccine hopeful that’s also been buoyed by its ties to Tesla Inc., has a valuation of about $21 billion.Encouraging OutlookVaccine results outside of the U.S. have shown promise. In a 15,000 person U.K. trial, Novavax’s shot demonstrated 89.7% effectiveness in preventing symptoms of the disease. And with the rise of resistant variants, the bar for the upcoming North American trial has been set lower, where 80% effectiveness would be a “home run,” according to Sam Fazeli, a Bloomberg Intelligence analyst.“What’s very encouraging is the efficacy of 96.4% versus the previous versions of the virus and 86.3% against the U.K.-prevalent B.1.1.7 variant -- 57% of infections in the trial. There were five cases of severe Covid-19 in the final analysis, suggesting the vaccine has 100% efficacy similar to other vaccines being rolled out, which is not surprising given its success against milder disease,” Fazeli said.Novavax fell 2.8% to $237.53 on Thursday, after closing at a high of $319.93 in early February. The shares had six buy ratings, one hold and zero sell recommendations among analysts tracked by Bloomberg.Expectations for further gains in the stock has added pressure on short sellers who have more than $1.1 billion worth of outstanding bets against the company as of April 29, according to S3 Partners data. So far this year Novavax short sellers have lost more than $800 million, according to Ihor Dusaniwsky, S3’s managing director of predictive analytics.“Price strength will probably force even more shorts out of their positions,” Dusaniwsky said in an interview.(Updates with closing share price moves throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
16h ago
Reuters
EU explores chipmaker alliance as alternative to foreign-funded megafab - sources
PARIS/BRUSSELS (Reuters) -The European Union is considering creating a semiconductor alliance including STMicroelectronics, NXP, Infineon and ASML to cut dependence on foreign chipmakers amid a global supply chain crunch, four EU officials said. It would complement or come as an alternative to a possible foreign-funded factory, with the aim to double the EU's market share in semiconductors to 20% by 2030, a target set out by European internal market chief Thierry Breton. The EU Commissioner, who is seeking to persuade a leading chipmaker to site a major fabrication plant in the bloc, is due to meet Intel CEO Pat Gelsinger on Friday.
22h ago
Reuters
Analysis: Why Apple has chips for iPhones while Ford got caught short
On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business. The contrasting results show how major players in the electronics industry, accustomed to the long time horizons of chip production, have mostly avoided major disruptions from the chip shortage. Apple said Wednesday that it would lose $3 billion to $4 billion in sales in the current quarter due to limited supplies of certain older chips.
19h ago
Bloomberg
Bitcoin Is Facing a Make-or-Break Moment, Technicals Show
(Bloomberg) -- Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”The coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.Read more: Don’t Count on Bitcoin to Be a Sure-Thing Inflation Hedge“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.(Updates markets in the sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
1d ago

S&P Futures

Dow Futures

Nasdaq Futures

Russell 2000 Futures

Crude Oil

Gold

Silver

EUR/USD

10-Yr Bond

Vix

GBP/USD

USD/JPY

BTC-USD

CMC Crypto 200

FTSE 100

Nikkei 225

China Telecoms in 5G Industrial Internet of Things Market Report 2021: Plans and Applications of Three Leading Chinese Telecom Operators - China Mobile, China Unicom, and China Telecom

Recommended Stories

EUR/USD Price Forecast – Euro Gives Up Early Gains

Vietnam's answer to Tesla has U.S. in its electric sights

Warren Buffett will provide a visible clue on his succession strategy at annual meeting

StanChart to cut branch network in half, quarterly profit beats expectations

AMD CEO Lisa Su: 'This is a very unique time in the semiconductor market'

Market Wrap: Bitcoin Near $53K After Major Drop as Ether Tops $2,800 for First Time

Copper Boom Is Just Beginning for the CEO of Biggest Gold Miner

Oil Price Fundamental Daily Forecast – Strong Rally Driven by Confidence in OPEC+

What makes Buffett-led Berkshire Hathaway ‘very distinctive in corporate America’: Management expert

Trump tax cut allowed Duke Energy to reduce costs for customers ‘by over a billion dollars’: CEO

Copper Extends Rally to Top $10,000 With All-Time High in Sight

Warren Buffett Poised to Weigh In on How Berkshire Fares Post-Pandemic

Tesla slips below 10% of Cathie Wood's flagship fund

Biden's EU trade dilemma: more pain for Harley, distillers or back off metals tariffs?

What an Increasingly Booming Economy Means for Bitcoin

Shell raises its dividend as profits surge

Novavax Vaccine Results Will Put 1,190% Stock Surge to Test

EU explores chipmaker alliance as alternative to foreign-funded megafab - sources

Analysis: Why Apple has chips for iPhones while Ford got caught short

Bitcoin Is Facing a Make-or-Break Moment, Technicals Show