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
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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
In a market where interest rate cuts from the Federal Reserve are highly anticipated, Sallie Mae has made a bold move by increasing rates on its one-year certificates of deposit. Last week, the company raised the annual percentage yield for its 12-month CD by 10 basis points, bringing it up to 5.15%. This puts Sallie
One of the companies facing potential trouble in the market is Northrop Grumman, an aerospace and defense stock that has experienced a 9% pullback in 2024. Despite recent positive news such as being awarded a $119 million U.S. Navy contract and increasing its quarterly dividend by more than 10%, Northrop Grumman is closing in on
Recent fluctuations in mortgage rates have had a significant impact on the housing market, with rates dropping initially before jumping back up following a stronger-than-expected employment report. This volatility has left many potential homebuyers uncertain about when to make their move. The drop in mortgage rates earlier in the week led to a surge in
The recent market uncertainty has left most Asian currencies relatively stable on Wednesday. Traders are bracing themselves for upcoming cues on U.S. interest rates from the Federal Reserve and crucial inflation data. The sentiment towards Asia has been hindered by fears of renewed U.S.-China trade tensions. Reports of the White House planning stricter curbs on