Sterling has risen to its highest level against the dollar since April 2022, boosted by strong economic data that has added pressure on the Bank of England to keep raising interest rates. The pound climbed as much as 0.8 per cent on Wednesday to $1.2698, helped by a broad retreat for the dollar as markets
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In this article LUMN AMD LOG.N-CH TM Follow your favorite stocksCREATE FREE ACCOUNT Toyota cars are displayed on the sales lot at Toyota of Marin on May 11, 2022 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves in premarket trading: Toyota —
HSBC is raising interest rates across its mortgage range for the second time in a week, sparking warnings from brokers that other UK lenders would follow suit in the coming days. Banks and building societies have withdrawn mortgage deals or raised rates in recent weeks as the financial markets reacted to the implications of gloomy
After turning $5,000 in seed money into a billion-dollar empire, buying a Gilded Age estate named Stronghold seemed the right move for fashion mogul Marc Eckō. The wunderkind, a former graffiti artist and pharmacy school dropout, purchased the Bernardsville, N.J., castle in 2005. The 20,000-square-foot stone manse and tower looked as formidable as the company
Amid the panic over lawsuits against major cryptocurrency exchanges, one Bitcoin (BTC) advocate argued that the BTC market is much bigger than the one tracked by exchanges. The total Bitcoin market is not limited to Binance, Coinbase or any other crypto exchange, Jan3 CEO Samson Mow told Cointelegraph at the BTC Prague conference on June
Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets. PPI offers Bitcoin bulls little fuel Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying stubborn as Producer Price Index (PPI) data showed U.S. inflation continuing to slow. US PPI just came in: -0.3%
Coldie is a real one. Best described as a mixed media artist, the Californian resident is a true OG of the NFT scene, with his work dating back to 2018, including the iconic themed “Decentral Eyes,” “Sellout” and, more recently, a collaboration with Snoop Dogg. His distinct 3D stereoscopic work jumps off the screen, and,
The Louisiana Stadium and Exposition District heads to market Thursday with the biggest deal of the week, a $550 million issue of revenue bonds that will help fund continuing renovations to the Caesars Superdome. BofA Securities and UBS are set to price the Series 2023A senior revenue bonds, which consist of $519.945 million of tax-exempts
In the latest episode of The Market Report, analyst and writer Marcel Pechman explains that United States inflation slowed for an 11th straight month in May, even though the Consumer Price Index increased 4% year-over-year. That’s down from 4.9% in April but still above the 2% target. Next, Pechman raises the question of regulation in
The Supreme Court has, without comment, declined to hear Ohio’s challenge to the American Rescue Plan’s Offset Provision, which bars states from using COVID-19 relief money to offset reductions in tax revenue. The decision not to take up the case, urged by the Treasury Department, is the second time this year that the nation’s highest
Richard Newstead | Moment | Getty Images Housing is perhaps the most consequential category in the consumer price index, a key inflation barometer. As the largest expense for an average U.S. household, shelter accounts for more than a third of the CPI weighting, the most of any other consumer good or service. That gives housing
Brussels has hit Google with charges over the tech giant’s alleged distortion of competition in the advertising technology sector and may force it to sell part of its online advertising business. The European Commission said Google unfairly takes advantage of its dominant position in online advertisement markets — such as tools that place banner ads
Politics does not get simpler than this. American voters are likely to face a choice next year between a criminal defendant vowing retribution against his pursuers and another man. It will be a referendum on the rule of law. Should the first man win, he will probably escape prison for his multiple alleged crimes. Should
There is no trait in politics more terrifying than certainty. Conviction is good, vision is fine; but a leader or party without doubts is always a cause for concern. British politics is still feeling the after-effects of a prolonged bout of radical certainty. This may help explain the remarkable fact that the three most important
A “For Sale” sign outside a house in Albany, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. Joe Raedle | Bloomberg | Getty Images Mortgage rates pulled back for the second straight week last week, and
European stocks rose on Wednesday after soft inflation data in the US bolstered investors’ bets that the Federal Reserve would not increase interest rates when it met later in the day. Europe’s region-wide Stoxx 600 opened 0.2 per cent higher, as did Germany’s Dax. London’s FTSE 100 rose 0.1 per cent. Wall Street rallied overnight,
Enforcement actions on cryptocurrency firms by regulators in the United States could result in a Bitcoin (BTC)-focused industry that will push its price over $250,000, according to MicroStrategy co-founder Michael Saylor. In a June 13 Bloomberg interview, the Bitcoin bull explained recent enforcement actions from the Securities and Exchange Commission (SEC) will eventually play in
The UK economy returned to growth in April, driven by the rebound in consumer spending and fewer strikes, but the prospect of higher interest rates clouds the outlook. Gross domestic product grew 0.2 per cent between March and April, reversing some of the contraction of the previous month, according to data published by the Office
Amazon Web Services (AWS) suffered a minor outage but there was no impact on Ethereum network nodes which largely rely on Amazon’s hosting. On June 13, the cloud service provider went down temporarily for around three hours. At 12:08 PM PDT, the company first reported it was “investigating increased error rates and latencies” in parts
Crispin Odey threatened to take the UK financial watchdog to court if it did not drop an investigation into sexual misconduct over almost two decades at his eponymous hedge fund firm. Odey challenged the Financial Conduct Authority’s decision to open a probe in 2021 and threatened to bring a judicial review against the regulator, according
Grubhub’s new chief executive had “tough” news on Monday for its 2,800 employees. Though the food delivery app had boomed during the pandemic, 15 per cent of workers will now lose their jobs. “We operate in a highly competitive and constantly evolving industry, and we need to continually look at whether we are set up