Federal Reserve officials signalled they intend to resume interest rate increases amid a growing consensus that more tightening is needed to stamp out high inflation in the world’s largest economy. According to minutes from June’s meeting of the Federal Open Market Committee, “almost all” officials who participated said that “additional increases” in the Fed’s benchmark interest
admin
The UK’s major banks are on the government’s naughty step. On Thursday, the likes of HSBC, NatWest, Lloyds and Barclays are to be hauled in front of regulators at the Financial Conduct Authority. They face accusations of “profiteering” for not adequately passing through the Bank of England’s hefty interest rate increases to savers, while mortgage
Litecoin (LTC) price is down today, mirroring downside moves elsewhere in the crypto market. On July 5, the LTC price dropped over 3% to $100.50. On the same day, the crypto market’s overall capitalization fell 2%, suggesting traders have started securing profits at the local tops of multiple cryptocurrencies. Litecoin’s RSI turns “overbought’ Litecoin rallied
S&P Global Ratings signaled Dallas Fort Worth International Airport could be upgraded in the future as it revised the outlook on the airport’s A-plus rating to positive from stable ahead of about $1.2 billion in bond issuance planned for this summer. The rating agency said the airport, which it upgraded a notch from A last
Over-regulation and the systemic lack of new housing in New York City have created an opportunity for investors in free-market multifamily assets. In this article, we review emerging investment trends, underlying fundamentals and drivers. We also have some recommendations for smaller investors. Investor’s Shift: Regulation Effect #1 Market rate apartments, which make up 45% of
In the old days, the Australian cricketers’ normally quadrennial tours of the UK followed a languid pattern: preparatory games around the shires culminating in five “Ashes” Test matches against England at decent intervals in high summer. This year the whole thing is being squeezed into six weeks without touching the prime holiday month of August
In this article META MRNA WOLF DWAC Follow your favorite stocksCREATE FREE ACCOUNT Meta Verified displayed on mobile with Meta on screen, seen in this photo illustration, on February 27, 2023 in Brussels, Belgium. Jonathan Raa | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of
The Federal Reserve is close to the end of its hiking cycle, inflation will slow, and recession is likely, analysts said in their second half forecasts. Wells Fargo Investment Institute expects the fed funds rate to rise another 25 basis points from the current 5%-5.25% range, before 2024 cuts bring the rate down to a
Starknet’s Quantum Leap upgrade has been deployed on testnet, with the Ethereum layer-2 scaling protocol claiming it’s capable of processing “hundreds of transactions per second.” If achieved, it would be at least a 50X improvement from its current throughput, thanks to the Version 12 upgrade harmonizing how the sequencer’s code interacts with the Cairo programming
Like an admonitory digit pointing skyward, the chart of UK gilt yields stretches higher. Bad news for borrowers. Great news for the previously moribund market in annuities. Annuities pay investors, typically retirees, a fixed income derived from gilts in return for a lump sum. It is a tricky, capital-intense business dominated by a few insurers.
For the first time in more than 30 years, the Florida Insurance Guaranty Association tapped the municipal bond market, selling tax-exempt fixed-rate bonds last week to help fund claims from insolvent insurance companies in the state. FIGA is set to head back to the market next week with a $125 million variable-rate deal. BofA Securities,
Bitcoin (BTC) miners emit a lot of heat. Some miners use that heat to warm swimming pools, dehydrate meat to make beef jerky or even dry out timber at a Swedish hydropower Bitcoin farm. In Ireland, the “Bitcoin Farmer” joked that he hangs out laundry to dry in front of his Bitcoin miner. S9 #bitcoin
There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the Dollar Strength Index (DXY), the impact on Bitcoin (BTC) is positive, and vice versa. For instance, the DXY index dropped from 103.0 on Jan. 2017 to a 92.6 low on Aug. 2017, while Bitcoin
The UK has paid the highest borrowing cost on two-year debt this century at an auction of £4bn of gilts, as the recent surge in bond yields feeds through to the government’s finances. Gilt prices have slumped in the past few weeks, pushing yields sharply higher, as stubbornly high inflation stokes expectations that the Bank
According to a Reddit post, a developer has posted an unusual farewell note, apologizing and blaming his online gambling woes after leaving a project in shambles, turning a $2 million valuation into $20,000 within minutes. Several investors in the Encryption AI project have reported that its developer performed a rug pull during a liquidity migration event. As
In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses the latest change to the BlackRock spot Bitcoin exchange-traded fund (ETF) filing, which adds Coinbase as a “surveillance-sharing partner.“ Some analysts have signaled that the filings by BlackRock, Fidelity and others are responsible for the recent Bitcoin (BTC) rally toward
Bitcoin (BTC) headed lower into the July 5 Wall Street open as a risk-off mood entered United States equities. BTC price begins hitting dip-buying targets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tapping multi-day lows of $30,280 on Bitstamp. BTC price action continued a sideways trading pattern within a larger range in place
“Any kid who doesn’t learn something about Bitcoin is missing out,” says Bitcoin advocate Ben De Waal. De Waal explains that his 12-year-old daughter Samantha has already convinced “a couple” of her schoolmates and a teacher to hop on the Bitcoin bandwagon, though she’s not attempting to “orange pill the entire school”… yet. Thanks to
In this article RIG.N-CH COIN UPS Follow your favorite stocksCREATE FREE ACCOUNT SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities
Financial regulators in Denmark are coming after cryptocurrency service providers, declaring that local banks are not allowed to hold cryptocurrency to hedge against trading risks. On July 4, the Danish Financial Supervisory Authority (DFSA) officially ordered the local investment bank Saxo bank to dispose of its own holdings in crypto. The regulator said that Saxo
If Rome’s oligarchs could have travelled to the future, they might have learned a trick or two from the US Ivy League. It is hard to think of a better system of elite perpetuation than that practised by America’s top universities. Last week the US Supreme Court ended affirmative action in US higher education —