Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China will “exert more influence in global financial institutions and trade.” Analyst Explains Why U.S.
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Central London property prices dropped almost 5 per cent in the 12 months to March, the largest annual fall in three and a half years, as the UK’s poor economic outlook and fears of a further decline in the housing market stopped wealthy buyers from committing to deals. The price of property in prime areas
press release PRESS RELEASE. Volt Inu announced on Twitter on April 18, 2023, that it would launch VoltiEco within the following 3 weeks. VoltiEco, an AI-powered ecosystem, will collect existing and upcoming crypto protocol airdrops to sustain the Volt Inu ecosystem by rewarding holders and ensuring project development. A new product developed by Volt Inu
The author of Rich Dad Poor Dad, Robert Kiyosaki, expects the price of bitcoin to keep rising. “I’m betting on it,” he said. Kiyosaki also shared that he bought 60 bitcoin when the price of the cryptocurrency was at $6,000 per coin. Robert Kiyosaki Expects Bitcoin’s Price to Keep Going Up The author of Rich
United Airlines reported an adjusted net loss of $207mn in the firstquarter, a smaller shortfall than investors expected. The Chicago company reported an adjusted loss on Tuesday of 59 cents per share compared to Wall Street’s anticipated 73 cent per share loss. The company said in March it would lose at least 60 cents per
The future of Richard Sharp as BBC chair hung in the balance on Tuesday night after it emerged he had been shown the “grim” draft conclusions of a report into his appointment. One person briefed on the draft findings by Adam Heppinstall KC said the criticisms made it “probable but not certain” that Sharp would
On April 18, former U.S. president Donald Trump announced a second series of his digital Trump card collection, following the “great success” of his initial non-fungible token (NFT) trading cards. Despite selling out rapidly, Trump stated on Truth Social that he maintained the initial card prices for the new collection. Trump Unveils Series 2 NFT
In this article UAL ISRG WAL FHN IBKR NFLX Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration the Netflix logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading.
Rupert Murdoch’s Fox has agreed to pay $787.5mn to settle a landmark defamation case in which it was accused of broadcasting false accusations of US election fraud, according to a lawyer for voting machine maker Dominion. A judge on Tuesday announced the “parties [had] resolved their case” following a last-minute deal reached on the cusp
The EU is storing record levels of natural gas after a milder than anticipated winter, bolstering hopes that the bloc can wean itself off imports from Russia. The bloc’s storage totalled 55.7 per cent of capacity at the start of the month according to the industry body Gas Infrastructure Europe — the highest level for
Municipals sold off Tuesday with secondary trading showing weaker prints across the curve leading to up to 20 basis point cuts to scales with the largest losses up front. Municipal outperformance to U.S. Treasuries ended Tuesday as the market began to digest a larger new-issue calendar on tax-filing deadline day. Muni yields were cut 12
Three parties filed arguments urging Puerto Rico Electric Power Authority bankruptcy Judge Laura Taylor Swain to not certify a bondholder appeal of her ruling that the bondholders do not have perfected liens on PREPA’s revenues. The Puerto Rico Oversight Board, the Fiscal Agency and Financial Advisory Authority, and fuel line lenders filed separate objections Monday
Rishi Sunak will launch a charm offensive with business leaders next week, in an attempt to galvanise his growth agenda and counter Labour’s growing success in wooing corporate Britain. The prime minister has told his cabinet to strengthen links with senior business leaders and “embed practical business insights into policymaking”, ahead of a big event
There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default
Muni leaders are concerned that a flurry of regulations enacted by the Securities and Exchange Commission, some spurred by attempts to reign in the cryptocurrency market, is spilling over into other markets. The issues were brought to a head by two letters addressed to SEC Chair Gary and a subsequent grilling during a hearing by
flames burn on a natural gas-burning stove. Scott Olson | Getty Images A federal appeals court ruled Monday that Berkeley, California, cannot enforce a ban on natural gas hookups in new buildings, saying a U.S. federal law preempts the city’s regulation. The ruling from the 9th U.S. Circuit Court of Appeals in San Francisco was a
Dedicated funding offers one solution for transit agencies facing a much-hyped looming fiscal crisis amid weak ridership and dwindling federal subsidies. That’s the view of transit expert Joshua Schank, a managing principal at InfraStrategies and formerly chief innovation officer of the Los Angeles County Metropolitan Transportation Authority. “We can’t continue down the same path and
The median time the municipal sector took to produce audited comprehensive financial statements worsened by 13%, jumping to 166 days in 2021, compared to 147 days in 2010, a 19-day increase. That is according to a draft report produced by Richard Ciccarone, president Emeritus of Merritt Research Services, an Investortools Company, who teamed up with
In today’s Market Report episode, analyst and writer Marcel Pechman covers the regulatory environment that has been limiting Bitcoin’s (BTC) upside and the odds of a dump at $28,000. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel. The first news article discussed is crypto exchange Bittrex and its founder being charged
Bitcoin (BTC) price reclaimed the $30,000 support on April 18 after briefly testing $29,130 on the previous day. However, traders question whether the recovery is sustainable given the increased regulatory scrutiny, especially in the United States. Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), said on April 14 that Binance intentionally broke
Payward Europe Solutions, an Irish subsidiary of Kraken registered in Dublin, was awarded virtual asset service provider (VASP) authorization from the Central Bank of Ireland on April 18. We’re pleased to announce that Kraken has successfully registered with the Central Bank of Ireland (CBI) as a Virtual Asset Service Provider (VASP), affirming our commitment to