In response to the Federal Reserve’s forecast of fewer interest rate cuts, Bitcoin experienced a slight decrease in Asian trade on Friday. The world’s biggest cryptocurrency fell by 0.9% over the past 24 hours, settling at $67,030.4. Despite MicroStrategy Incorporated’s plans to purchase more Bitcoin through $500 million in bonds, the price failed to see
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The municipal bond market experienced a boost on Thursday as a result of a stronger U.S. Treasury session. This led to increased firmness in municipals, with Triple-A yields falling one to five basis points. The session also saw equities closing mixed, further emphasizing the positive performance of the municipal sector. Investor Inflows and Ratios Municipal
The signs of miner capitulation in the bitcoin market are becoming more apparent as the cryptocurrency struggles to maintain its position above the $70,000 mark. Recent data from CryptoQuant reveals that the flow of bitcoin leaving miners’ wallets for exchanges, typically indicating a selling event, hit a two-month high over the weekend. Moreover, miner selling
House Republicans have recently accused the California Public Employees’ Retirement System (CalPERS) of being part of a “climate cartel” that colludes with other investors to push companies to reduce their carbon footprint. This accusation stems from a report released by the Subcommittee on Antitrust, Commercial and Administrative Law, which suggested evidence of a left-wing environmental
Bitcoin price experienced minimal movement on Thursday following a volatile session. Despite some signs of cooling near-term inflation, the forecast from the Federal Reserve of high interest rates for a longer period overshadowed any positive developments. The world’s largest cryptocurrency managed to increase by 0.4% in the past 24 hours, reaching $67,484.6 by 02:05 ET
The U.S. dollar experienced a decline in value on Thursday, as traders grappled with the implications of benign U.S. inflation and a seemingly more hawkish stance from the Federal Reserve. The Dollar Index, which tracks the performance of the greenback against a basket of six other major currencies, dropped by 0.3% to 104.340. Earlier in
Revolut, a British financial technology firm, recently announced its plans to relocate its official headquarters from London to Canary Wharf, the city’s major financial district. The move signifies a significant shift for the company as it looks to establish a stronger presence in the heart of the financial industry in the U.K. With the relocation
As forecasts of fewer interest rate cuts by the Federal Reserve have dented the appetite for regional markets, most Asian currencies have weakened. This trend is observed even as the dollar fell on a soft inflation reading. The uncertainty surrounding a Bank of Japan meeting and concerns over U.S.-China trade tensions have also weighed on
Sony Pictures made headlines recently with the acquisition of Alamo Drafthouse, the seventh-largest movie theater chain in North America. This move marks a significant shift in the industry, as it is the first time a studio has purchased a theater chain since the Department of Justice’s antitrust division lifted restrictions in 2020. The Paramount Consent
Houston’s city council recently approved the issuance of $650 million in general obligation judgment bonds to help address the long-standing contract dispute with the firefighters union. This move, part of Mayor John Whitmire’s plan to end years of impasse and litigation, aims to provide lump sum payments to current and retired firefighters for overtime pay