The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent U.S. Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitcoin bulls believe that the full impact of a tighter economic policy
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Donald Trump has been accused of attempting to have surveillance video footage at his Mar-a-Lago estate deleted ahead of an FBI search, as federal prosecutors added more criminal counts to a case over the former US president’s handling of classified documents. The Department of Justice filed the expanded indictment on Thursday. Federal prosecutors also added
Pacific tours: French president Emmanuel Macron visits Papua New Guinea, following US defence secretary Lloyd Austin, who was there on Thursday. Austin and US secretary of state Antony Blinken will meet their Australian counterparts in Brisbane on the last leg of their Pacific tour aimed at boosting Washington’s Indo-Pacific strategy. Japan monetary policy: Investors are
Intel’s partial rebound in the latest quarter from an inventory-driven drop in PC chip demand has given Wall Street a rare moment of financial outperformance to celebrate as the struggling US chipmaker seeks to stabilise its business and complete a four-year turnaround plan. The company’s shares rose more than 7 per cent in after-market trading
A new wallet that has launched on Optimism allows users to generate an address without storing seed words, and the account can be saved using an ordinary Twitter login. Called “Beam,” the wallet runs in a browser window and requires no downloads, according to a July 27 announcement from its developer. It also allows users
In this article SAM ENPH FSLR TMUS DXCM ROKU INTC F SG Follow your favorite stocksCREATE FREE ACCOUNT 3,760 Enphase microinverters will power the drying and storage of more than 50,000 tons of California rice at Strain Ranch in Arbuckle, Calif., Tuesday, Feb. 19, 2013. Alison Yin | AP Check out the companies making headlines
Munis yields rose Thursday, following and outperforming a U.S. Treasury sell-off on the heels of strong-than-expected economic data. Equities ended down. Thursday’s “economic data offers the latest evidence that the U.S. economy is weathering the fastest rate hikes in a generation without much damage to the major gear-works of the economy,” said Wells Fargo Securities
The Optimism network has surpassed Arbitrum in transaction volume for the first time in six months, according to July 27 data from blockchain analytics platform Artemis. Both networks are layer 2s of Ethereum that use optimistic rollup technology, which compresses and batches transactions before submitting them to Ethereum, potentially lowering transaction fees. Optimism fell behind
The ongoing challenges faced by publicly-owned mass transit authorities are looming large as federal funding for COVID relief will start drying up in in 2024. Possible solutions to careening over the financial cliffs include raising taxes, raising fares, tapping future casino revenue, and instituting controversial congestion traffic plans. “Just last week we unveiled our financial
Kering has agreed to buy 30 per cent of Valentino from Qatar’s Mayhoola, as part of a “strategic” deal that gives the French luxury group the option to take full control of the Italian fashion house by 2028. The €1.7bn all-cash purchase is “part of a broader strategic partnership” between Kering and Mayhoola, the investment
Is artificial intelligence best seen as a business accelerant — something that brings new, “smart” features to existing products and provides a lift to tech companies’ revenues? Or is it a disruptive new platform, with the potential to change the balance of power in the tech industry? That question has been hanging in the air
The life and legacy of Bond Buyer reporter Yvette Shields was honored Tuesday with a proclamation introduced on the floor of the Illinois Senate. Introduced by Sen. Rob Martwick, D-Chicago, the proclamation pays homage to Shields as a “celebrated and beloved financial reporter” who “left behind an indelible mark on the public finance industry in
Good afternoon. There was an interesting and encouraging little flutter in Brexitland this week when the Sunday Times published a front-page story about the UK government seeking youth mobility deals with EU member states. Encouraging because it shows that Rishi Sunak’s government is moving away from the blinkered approaches under Boris Johnson and David Frost
French cosmetics group L’Oreal is still on the lookout for deals, hot off the back of its biggest acquisition after it agreed to pay $2.5bn for luxury skincare company Aesop. Chief executive Nicolas Hieronimus said the world’s largest beauty group had firepower left after buying the Australian maker of $40 soaps in April, pointing out
Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. BTC/USD 1-hour chart. Source: TradingView Analyst warns of BTC price dip Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning after a brief push to $29,680 into the daily close. The
A KKR logo is displayed on the floor of the New York Stock Exchange (NYSE), August 23, 2018. Brendan McDermid | Reuters Private equity firms should be motivated to hunt for deals despite the challenging interest rate environment as the potential purchase price tends to be more in their favor, according to KKR’s Global Co-Head
San Antonio, Texas, could be on its way to a third triple-A rating after Fitch Ratings this week revised its outlook to positive from stable ahead of the city’s sale of about $555 million of debt next month. Fitch, which rates the city’s limited tax general obligation bonds AA-plus, cited improved spending flexibility, aided by
Alaska is crafting regulations for a law that would reduce carbon emissions by selling credits to preserve the state’s forested land to help lessen the impact of air pollution. The state’s so called tree bill, Senate Bill 48, and its companion bill, House Bill 49, were signed into law in May. When Gov. Mike Dunleavy
The Securities and Exchange Commission has adopted cybersecurity rules, requiring public companies to disclose material information on their cybersecurity risk management and governance strategy and requiring firms to disclose cybersecurity breaches within four days of them deeming it material to investors. The adopted rules don’t have any direct implications for municipal issuers, but the requirements
As you read this you may be experiencing one of the hottest days in history in your area or breathing smoke from a wildfire. These situations are more and more common, causing physical impacts, but also bringing process and design questions into discussion. Adaptation means taking on responsibility for those who live in dangerous areas.
(Click here to subscribe to the Delivering Alpha newsletter.) The job market may be strong, but the invisible strings that connect workers to their jobs are increasingly weaker. Trends such as “lazy girl jobs” and “quiet quitting” have gone viral in a post-pandemic world where young workers are trading ambition for balance. Actors and writers continue to