After the tough sell-off seen in the past week, the cryptocurrency markets will be looking for some support from the macroeconomic data this week. The all-important United States consumer price index report on June 13 will be followed up by the Federal Reserve’s policy decision on June 14. Both these events could trigger a sharp
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On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend to monetary policy considerations, as
The municipal bond market expanded in the first quarter of the year as ownership by households, mutual funds, foreign investors and life insurers rose, but U.S. bank ownership of municipal securities fell, the latest Federal Reserve data shows. The first quarter of 2023 has been regarded as a markedly better start than 2022 and that
Federal officials have pledged resources to help Pennsylvania rebuild a busy section of Interstate 95 through Philadelphia that collapsed Sunday after a tanker truck caught fire. The federal aid will help the Commonwealth manage what’s expected to be months-long repair of what Gov. Josh Shapiro called “just remarkable devastation.” Federal help will mitigate immediate costs
Boris Johnson’s resignation from parliament is nothing other than a good day for British democracy. As prime minister, Johnson besmirched and subverted his own office, and other institutions he touched. He announced his departure in a petulant statement before a parliamentary report that is expected to deliver the most damning criticism of an ex-premier in
The American Securities Association has named Patrick Bond as its new vice president and head of public affairs, where he’ll lead the group’s communications and public affairs strategies and help to advance its policy agenda. The addition comes after the group added muni industry veteran Jessica Giroux, following her departure from the Municipal Securities Rulemaking
Facing projections its unfunded liability for retired city worker benefits like health care would balloon to about $9 billion over 30 years, Houston last week created a trust, which along with previous cost-saving measures, are aimed at greatly shrinking that obligation. The other post-employment benefits (OPEB) trust was part of a $6.2 billion all-funds, fiscal
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT CEO David Solomon, Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said Monday that his bank will disclose markdowns on commercial real
A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11. This time, the move wasn’t driven by Bitcoin (BTC), as the leading cryptocurrency gained 0.8%
Hedge funds do not have much of a competitive moat. They depend on the reputation of star fund managers, who can often leave at will. Odey Asset Management has its work cut out to survive the ousting of disgraced founder Crispin Odey Fellow partners ejected Odey after allegations of repeated sexual misconduct were reported in
Margaret Roesch, 67, and her wife Pat McAulay, 68, wanted to have a supportive community around them as they grew older. So they helped to create a cohousing development for LGBTQ+ seniors and allies, making it easier to offer support to one another. “We said we don’t want to have to go back in the
Florida Governor Ron DeSantis officially entered the United States presidential race on May 24. During a Twitter broadcast hosted by venture capitalist David Sacks, DeSantis pledged to lead a “Great American Comeback,” provoking accusations of plagiarism from ex-President and fellow 2024 presidential candidate Donald Trump. Among topics like U.S. immigration policy and the supposed prevalence
Just as we don’t allow just anyone to build a plane and fly passengers around, or design and release medicines, why should we allow AI models to be released into the wild without proper testing and licensing? That’s been the argument from an increasing number of experts and politicians in recent weeks. With the United Kingdom
Silvio Berlusconi, the former Italian prime minister who has died at the age of 86, was a billionaire business tycoon turned politician who exploited his personal wealth, reputation and influence over the media to acquire and wield power in a manner that defied the conventions of western democracy. Like Donald Trump and others who came
Stablecoin issuer Tether minted a fresh batch of $1 billion worth of USDT (USDT) on the Ethereum blockchain on June 12. The latest billion-dollar mint for the stablecoin issuer comes within two months of its last mint on April 21. Tether CTO Paolo Ardoino took to Twitter to clarify that the latest USDT mint is part
Similar to the adage about never being more than six feet away from a rat, a reader of the UK business pages is never more than six clicks away from an article about what ails London’s IPO market. And fair enough! It’s an important subject! A great many livelihoods depend on figuring out which reforms
UBS has announced the departure of five of the most senior Credit Suisse executives just hours after sealing the official takeover of its Swiss rival. Among those leaving are Dixit Joshi, chief financial officer, Markus Diethelm, general counsel, Edwin Low, head of the Asia-Pacific region, David Miller, co-head of the investment bank, and Ken Pang,
Investors have pumped £2bn into converting unwanted London offices for new purposes as the shift to working from home reshapes the market. They snapped up £1.3bn worth of central London offices with plans to convert them to new uses since the start of last year, according to real estate adviser CBRE. Another £700mn of deals
Both Britain and America flatter themselves that their political systems are admired all over the world. The UK is the home to the “mother of parliaments”. The US is the “leader of the free world”. The two countries see themselves as mature democracies; models that other nations can emulate. But the last few years have
Throughout recent years, the world of crypto has been subject to as much scrutiny and volatility as it has innovation and growth. A significant component of the industry’s resilience has been the community that supports the technology and its utility to transform digital finance. One of the most prominent crypto communities in the space surrounds
The Bitcoin (BTC) community in Europe continues to be a voice in combatting social problems affecting the continent, according to podcast host Erik Dale. The founder and CEO of the Northern Lightning conferences, which hosts several Bitcoin events across Europe, believes the continent’s Bitcoin community is fostering ideals that will be crucial to address ongoing