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In a remarkable display of resilience, Bitcoin has broken the $30,000 barrier for the first time in ten months, after plummeting to a two-year low in November.With this surge, questions arise as to whether the bear market has ended, and what impact this resurgence in the cryptocurrency market might have on the best cryptos to buy now.Since its low, Bitcoin has experienced an 82% surge, outperforming the S&P 500 Stock Index’s 7% increase and the Nasdaq 100 Stock Index’s 18% rise this year.Multiple factors have contributed to Bitcoin’s resurgence.Anticipation that the Federal Reserve might halt its rate-hike campaign in response…

By Jamie McGeever ORLANDO, Florida (Reuters) – Hedge funds started the second quarter positioning for a steeper U.S. yield curve by offloading 10-year U.S. Treasuries futures at one of the fastest rates on record. Commodity Futures Trading Commission (CFTC) data for the week ending April 4 offer the first insight into how funds are emerging from the historic volatility in March sparked by U.S. and Swiss bank collapses earlier in the month. In one way, betting on a steeper 2s/10s yield curve indicates funds are hoping the trend of recent weeks continues – the curve steepened around 33 basis points…

© Reuters Catalent valuation path increasingly clear, Moderna partnership renewal strategically important – Deutsche Bank By Sam Boughedda Catalent (NYSE:) was upgraded to Buy with its price target raised to $88 from $79 at Deutsche Bank on Monday. The analysts there believe Catalent’s valuation path is increasingly clear, with the firm now having even more conviction in its 2023/2024 estimates. They also see a “diminishing tail risk due to strengthening strategic partnerships and increased management accountability and ownership.” “We acknowledge the stock’s outperformance +44% vs the +7% ytd; however, we still see a 2.5-to-1 positive risk/reward skew for the stock under…

Philadelphia Fed President Patrick Harker on Tuesday suggested he might support one more quarter-percentage-point interest-rate hike before pausing. Since last March, the Fed has increased its benchmark rate from close to zero to a range of 4.75%-5%. “My view all along, and I have been pretty public about this, we need to get rates above 5% and then sit there for a while,” Harker said in a speech to the Wharton School at the University of Pennsylvania. “We’re already seeing promising signs that these actions are working — for example, house-price indexes are cooling,” Harker said. Interest-rate policy works with…

By Kwanwoo Jun South Korea’s central bank stood pat for a second consecutive rate decision amid signs of easing inflation and concerns over weakening economic growth. The Bank of Korea kept the benchmark seven-day repurchase rate unchanged at 3.50% on Tuesday as expected, continuing a pause in its rate-increase campaign to curb the country’s soaring price growth. All 23 analysts surveyed by The Wall Street Journal ahead of the bank’s decision had forecast no rate move in April. Inflation has recently eased in South Korea, with the benchmark consumer price index rising 4.2% from a year earlier in March–the slowest…

Brittney Griner, the WNBA star who was freed from Russia late last year after being wrongfully detained, is writing a memoir due out next spring. “After an incredibly challenging 10 months in detainment, I am grateful to have been rescued and to be home. Readers will hear my story and understand why I’m so thankful for the outpouring of support from people across the world,” Griner said in a news release Tuesday from publisher Alfred A. Knopf. The two-time Olympic gold-medalist spent nearly 300 days in Russian custody after being detained in February 2022 and sentenced to nine years in…

In late 2022, as US activist fund Elliott Management was quietly building a large stake in Dai Nippon Printing, the family-run Japanese conglomerate was searching for a new business plan bold enough to lift a stock price that had been stagnant for two decades.Just two months later, DNP announced it would undertake the biggest share buyback in its 147-year history and set a return on equity target of 10 per cent. The company’s shares have risen more than 40 per cent since January 24, when the Financial Times first revealed that Elliott had accumulated a stake of just under 5…

Banking is a very good business if you don’t do anything dumb. – Warren Buffett To My Partners and Friends: Black Bear Value Fund, LP (the “Fund”) returned +0.8% in March and +2.9% YTD. The S&P 500 returned +3.7% in March and +7.5% YTD. The HFRI Index returned +1.2% in March and +4.5% YTD. We do not seek to mimic the returns of the S&P 500 and there will be variances in our performance. Note: Additional historical performance can be found on our tear-sheet. Click to enlarge Our concentrated investments in energy have been a drag on our YTD performance.…

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