In recent times, the rise in interest rates has brought about a significant opportunity for Americans who are holding cash. Many individuals have opted to invest in cash vehicles such as money market funds and certificates of deposit due to the attractive yields that have been made available. According to the Investment Company Institute, total
The Pentagon recently revealed the first batch of winning bidders in its rocket launch contract sweepstakes, marking a significant milestone for Jeff Bezos’ aerospace company, Blue Origin. This announcement comes as part of the Pentagon’s $5.6 billion National Security Space Launch (NSSL) program, which aims to enhance the country’s space capabilities and infrastructure. Blue Origin’s
The recent capitulation of Bitcoin miners has taken the cryptocurrency market by surprise. The hashrate of Bitcoin, which had been steadily increasing over the last 18 months, has suddenly taken a downward turn. This decline in hashrate signifies that some miners are giving up on mining Bitcoin altogether. This trend is concerning as it indicates
Indianapolis Mayor Joe Hogsett’s pursuit of a Major League Soccer team for the city seems to have created confusion regarding the plans for a new stadium development led by Ersal Ozdemir, owner of the city’s United Soccer League team, the Indy Eleven. While it initially appeared that Hogsett’s announcement had jeopardized the previous stadium development
The U.S. dollar experienced a slight dip on Friday, along with the euro, as both currencies faced challenges amidst political turmoil in the region. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.125. Despite these minor losses, the dollar is
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
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