The recent surge in Bitcoin prices can be attributed to speculation surrounding Donald Trump’s potential re-election in the 2024 presidential race. Reports indicate that the Securities and Exchange Commission is considering approving exchange-traded funds tracking the world’s second-largest token, Ether. This news has instilled optimism in the market, leading to a 2.3% increase in Bitcoin’s
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The US Securities and Exchange Commission (SEC) is on the brink of approving Ether exchange-traded funds (ETFs) by July 22nd, as indicated by industry insiders. At least three out of eight firms have reportedly been notified by US regulatory authorities that they are likely to receive final approval to launch these new financial products by
The senior housing sector is poised for significant growth as the American population continues to age. As baby boomers, born between 1946 and 1964, reach retirement age, the demand for senior housing is expected to increase. Bank of America analyst Joshua Dennerlein believes that the industry is on track for a recovery, with senior housing
Federal Reserve Chair Jerome Powell has solidified his commitment to completing his four-year term as the top official within the Fed Board of Governors, scheduled to end in May 2026. Despite speculation surrounding potential changes after this term, Powell affirmed his dedication to fulfilling his current responsibilities. This decision comes as Washington navigates the complexities
Netflix is set to report its second-quarter results on Thursday. The media platform’s stock has seen a significant surge of about 35% in 2024. According to FactSet data, Netflix has one of the highest implied moves on the screen, standing at 7.4%. Analysts polled by LSEG are expecting Netflix to report earnings per share growth
The North Carolina Local Government Commission recently denied Cabarrus County’s requests for bonds totaling $228 million, despite the staff recommending approval. This decision came after some members of the board expressed concerns that the bonds should be subject to a voter referendum before moving forward. Additionally, some commission members objected to the county’s use of
Goldman Sachs reported a significant increase in profit and revenue for the second quarter, surpassing analysts’ expectations. The company’s earnings per share came in at $8.62, higher than the $8.34 estimated by LSEG. Revenue also exceeded expectations, reaching $12.73 billion compared to the $12.46 billion estimate. One of the key factors driving Goldman Sachs’ strong
The U.S. dollar faced a period of instability after the news of the attempted assassination of former U.S. President Donald Trump. The incident resulted in the dollar and 10-year Treasury yields initially gaining ground, as investors speculated on the potential impact of Trump’s victory in the upcoming presidential race. However, these gains were short-lived as
The latest data from IntoTheBlock reveals that Bitcoin (BTC) whales have taken advantage of the recent dip in BTC price to significantly increase their holdings. These large players, holding more than 0.1% of the total Bitcoin supply, accumulated an impressive 71,000 BTC this week. This accumulation, equivalent to over $4.3 billion, underscores their strategic moves
In a recent tweet, Michael Saylor, the chairman and co-founder of MicroStrategy, made a profound statement about Bitcoin that has resonated with many in the cryptocurrency community. Saylor declared that “Bitcoin is the bridge from chaos to hope,” emphasizing the role of Bitcoin in providing stability and optimism in the face of global economic uncertainties.