Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. The personal consumption expenditures price index excluding food and energy costs increased just 0.2% for the period, in line with the Dow […]
Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of Realtors. These so-called pending sales are a forward-looking indicator of closed sales one to two months later. Pending sales were 7.4% lower than in April of last year. Sales were […]
A major thesis around bitcoin ETFs was that financial advisors needed regulated funds like them to direct their wealthy clients to invest in bitcoin. Almost six months after the launch of those ETFs, there are few signs that advisors are clamoring for the funds. Many remain just as averse to bitcoin now as they were […]
Seasoned trader Peter Brandt recently issued a price prediction for Bitcoin, claiming that the decentralized digital asset would surge 230% against gold. Brandt claimed that the ratio of gold to BTC would fluctuate for the next 12–18 months before finally climbing to a new high of 100 ounces of gold per BTC. While it remains […]
President Joe Biden spent his first few years in office trying to reverse a hallmark of the Trump era: Touting (and taking credit) whenever the stock market hit a new milestone. But new market highs in recent months and the opportunity to bait Donald Trump in an election year have proven simply too tempting to […]
TOKYO, May 29 (Reuters) – U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Crude oil rose for a fourth day to reach a four-week high amid speculation […]
Medical device maker and healthcare technology company Semler Scientific announced Tuesday it plans to buy bitcoin with its cash reserves and, almost immediately, the company’s shares rose by as much as 27%. Semler Scientific’s board of directors had “adopted bitcoin as its primary treasury reserve asset” and “purchased 581 bitcoins for an aggregate amount of $40 million, inclusive […]
Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoinas its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook. The company, which develops products used in the detection of peripheral arterial disease, also announced a purchase of 581 bitcoins for about $40 million, […]
Bitcoin is just getting started and has plenty more upside to offer investors. As alluring as cryptocurrencies can be, they are risky. While the blockchain technology powering these assets is innovative and holds the potential to transform finance as we know it, their role in the future remains ambiguous and borderline obscure. Yet, there is […]
MicroStrategy founder Michael Saylor has changed his tone on spot Ether exchange-traded funds (ETFs), arguing that the recent nod from the United States regulator is only good news for Bitcoin as well. “Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for […]
LONDON — The U.K. is less than six weeks away from a General Election in which polls suggest the center-left Labour Party could return to power after 14 years — and analysts say stock markets would react positively to that outcome. A Labour victory would oust the right-wing Conservative Party led by Prime Minister Rishi Sunak, who […]
Asia-Pacific markets rose Monday as industrial profits in China rose during the first four months of the year, according to official data. China’s industrial profits rose 4.3% year on year in the January to April period, data from the National Bureau of Statistics showed. Mainland China’s benchmark CSI 300 index climbed 0.21%, while Hong Kong’s […]
