News

UK retail sales unexpectedly rose by 1% in February, defying expectations of a downturn, as consumers continued to spend on clothing, homewares, and household goods despite economic uncertainty. This positive trend suggests a potential shift in consumer spending towards non-essential items and raises hopes for an earlier interest rate cut by the Bank of England.

Capital Flows, a macro analyst, identifies Bitcoin's increasing correlation with low-quality banks as key to its price trajectory, emphasizing the need for a "durable change in macro liquidity" for Bitcoin to reach $100,000. While short-term concerns exist, Bitcoin's historical performance and integration into the financial system offer a long-term perspective.

Bitcoin is nearing another "death cross," a technical indicator that historically triggers sell-offs, but these events are often followed by strong rallies, according to Benjamin Cowen, founder of IntoTheCryptoverse. Cowen believes that if Bitcoin holds above $73,000 during the next pullback, it could indicate that the market structure remains intact and a rally may follow, similar to the pattern observed in 2017.

Nippon Steel and U.S. Steel are reportedly in talks with the Trump administration to revive their $14 billion merger by significantly boosting investments in U.S. Steel's Rust Belt facilities. The revised terms would preserve the $55-per-share acquisition price and Nippon would begin making sizable capital investments into U.S. Steel as soon as possible.

H.B. Fuller Company's first-quarter results showed a 2.7% year-over-year decline in net revenue, driven by underperformance in the Health, Hygiene, and Consumable segment. Despite this, the company's Engineering and Building Adhesive Solutions segments showed positive results, and the analyst expects adjusted EBITDA to grow by 1% in FY2025.