profit
Bitcoin Short Squeeze Puts Record Liquidation Claim Back In Focus
Bitcoin’s latest rally has put short-side positioning back under the microscope after market analyst ByzGeneral flagged what he described as the largest daily BTC short liquidation event on record. The move came as Bitcoin pushed toward the $70,000 area, forcing traders positioned against the market to buy back exposure or face automatic liquidation. That is
Is Bitcoin finally nearing a bottom? Bitwise CIO Matt Hougan answers
Synopsis Bitwise CIO Matt Hougan believes Bitcoin may be nearing a market bottom, citing subdued trading, investor apathy and a lack of sellers. He sees potential for upside volatility and remains optimistic about Bitcoin’s performance through year-end as the cryptocurrency trades near $71,647. Listen to this article in summarized format Reuters Bitwise CIO Matt Hougan
Pi Network tops $0.09 as the broader crypto market rally
Key takeaways Pi Network trades at $0.09 after recording three consecutive bullish daily closes earlier this week. Expanded US Treasury bond buybacks have improved risk appetite and pushed Bitcoin toward $70,000, but PI continues to underperform. The token must break above the psychological $0.1000 level and the 50% Fibonacci retracement at $0.1022 to extend its
From power to profit: CATL turns EV batteries into financial assets with “Choco-Swap”
The value of a power battery goes far beyond its price tag. At a “Choco-Swap” station in Xiamen, Fujian, a power battery is experiencing its third ownership transfer—yet it remains in excellent condition. This is thanks to an asset management system known as the “battery bank,” designed to maximize the utility of every single battery.
Profit doubles but McLaren misses £1bn turnover target
Tier one contractor McLaren missed its £1bn turnover target last year, despite almost doubling its profit and margin. Group pre-tax profit in the year to 31 July 2024 totalled £11.9m compared with £6.3m the year before, although turnover fell by 4 per cent to £924m. The latest revenue total was still 23 per cent higher
Van Elle profit surges despite 10% turnover dip
Pre-tax profit at ground engineering specialist Van Elle Ltd rose by 30 per cent last year, although “softer market conditions” reduced the firm’s turnover. Accounts for the year to 30 April 2024 show that the firm recorded a profit of £7m compared with £5.4m the previous year. But turnover dropped by 10 per cent year
GMI boosts profit as it slashes turnover
Profit has edged up at GMI Construction as a strategy of “controlled consolidation” saw turnover drop by almost a third. The Leeds-headquartered contractor, which operates in the North of England and the Midlands, adopted the strategy in 2023 following a loss-making year. In its latest published accounts, for the year to 30 September 2024, group
Demystifying Your Profit & Loss Statement — A Guide for Franchisees
Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from franchise expert Mark Siebert's book The Multiplier Model. Buy it now . When I hold exploratory meetings with clients, I typically ask about various items on the profit and loss (P&L) — also called an income statement — without actually referring to
Turnover and profit soar at family-run M&E firm
Mechanical and electrical (M&E) specialist Dodd Group has reported double-digit percentage increases in revenue and pre-tax profit. In its latest accounts covering the year to 31 March 2024, the Shropshire-based family firm – ranked 82nd in the CN100 2024 table – saw turnover grow by 21 per cent from £206.7m to £249.4m. In addition, the
Profit slips at family-owned contractor after £2.5m provision
Gratte Brothers has seen its pre-tax profit dip after booking a £2.5m provision, according to its latest annual financial results. And company’s directors said they expected the family-owned contractor’s bottom line to come under pressure in 2025, in light of tax measures introduced in the government’s Autumn Budget in October. The firm’s pre-tax profit fell
Nokia’s Q1 profit falls 18% amid slowdown in consumer spending
Nokia, one of the world’s largest manufacturers of telecoms equipment and electronics, reported an 18 per cent annual drop in its first-quarter profit, amid slower consumer spending in a challenging...
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Bitcoin
Bitcoin Short Squeeze Puts Record Liquidation Claim Back In Focus
Bitcoin’s latest rally has put short-side positioning back under the microscope after market analyst ByzGeneral flagged what he described as the largest daily BTC short liquidation event on record. The move came as Bitcoin pushed toward the $70,000 area, forcing traders positioned against the market to buy back exposure or face automatic liquidation. That is
Bitcoin
Is Bitcoin finally nearing a bottom? Bitwise CIO Matt Hougan answers
Synopsis Bitwise CIO Matt Hougan believes Bitcoin may be nearing a market bottom, citing subdued trading, investor apathy and a lack of sellers. He sees potential for upside volatility and remains optimistic about Bitcoin’s performance through year-end as the cryptocurrency trades near $71,647. Listen to this article in summarized format Reuters Bitwise CIO Matt Hougan
broader
Pi Network tops $0.09 as the broader crypto market rally
Key takeaways Pi Network trades at $0.09 after recording three consecutive bullish daily closes earlier this week. Expanded US Treasury bond buybacks have improved risk appetite and pushed Bitcoin toward $70,000, but PI continues to underperform. The token must break above the psychological $0.1000 level and the 50% Fibonacci retracement at $0.1022 to extend its
Bitcoin
Bitcoin Surges Past $69K as Traders Flip From Bearish to 50/50
Bitcoin traded at US$68,995 (AU$97,283) at 03:10 UTC on Thursday, up 7.38% over 24 hours with a session high of US$69,892, CoinGecko data shows. The 30-year Treasury yield closed at 5.19% on Wednesday against 5.28% a day earlier, and the 10-year at 4.65% against 4.71%. Treasury said it will at least double the size of
Bitcoin
Bitcoin briefly hits $70,000 for the first time since June. Here is why
The largest crypto asset rose more than 7% on Wednesday after several catalysts sent crypto-related assets higher. Aug 19, 2026, 6:26 p.m. ET BTC briefly hits $70k on Coinbase. (TradingView) Bitcoin briefly climbed to $70,000 for the first time in 11 weeks, as improving liquidity and optimism around U.S. crypto legislation supported the rally. The