Author: News Room
Bitcoin’s meteoric rise continues to captivate the financial world as the leading cryptocurrency has recently blasted past the critical $30,000 milestone. With this unprecedented surge in value, crypto enthusiasts are keenly watching the market, seeking to predict the future of Bitcoin. As the digital asset’s price trajectory defies traditional market analysis, we delve into the factors driving its growth, explore the potential risks and rewards, and attempt to forecast Bitcoin’s next moves in this rapidly evolving landscape.Key Fundamentals Driving BTC PricesIn the US, 236,000 more jobs were added than anticipated in the nonfarm payroll establishment survey, exceeding expectations of 230,000. Moreover,…
An enormous Whole Foods in downtown San Francisco that opened just last year is temporarily closing. The company said concerns about worker safety forced it to shut down. Incidents of theft in San Francisco have gained national attention, though crime has generally fallen over the past six years. The nearly 65,000-square foot location at Trinity Place in the city’s Mid-Market neighborhood shut its doors Monday to “ensure the safety” of its employees, a Whole Foods spokesperson said. Although Whole Foods did not share any additional information on the conditions that led to the store closing, the spokesperson added that it…
Wall Street is wrong about the Federal Reserve’s interest rate path, according to former PIMCO chief economist Paul McCulley.Barring a surprise jump in inflation, he believes mounting economic pressures will convince the Fed to stop hiking interest rates next month.”It would be a pause and then a pivot [later this year],” McCulley told CNBC’s “Fast Money” on Tuesday.McCulley delivered his latest forecast less than 24 hours before the government releases the March consumer price index. According to Dow Jones estimates, Wall Street expects a 5.1% year-over-year increase versus 6% in February.”They’re [Fed officials] going to look at the data coming…
(Reuters) – The balancing act between slowing growth and sticky price pressures is top of the agenda ahead of U.S. inflation data and the World Bank and IMF Spring Meetings in Washington. Kazuo Ueda takes over the helm at the Bank of Japan while U.S. bank earnings kick off and Switzerland’s parliament debates the UBS-Credit Suisse tie up. Here’s a look at the week ahead in markets from Kevin Buckland in Tokyo, Ira Iosebashvili in New York, Jorgelina do Rosario, Naomi Rovnick and Karin Strohecker in London. 1/ BANKS’ BOTTOM LINES The uneasy calm that has settled over the U.S.…
By Nichola Groom (Reuters) – U.S. officials on Tuesday gave final approval for a company owned by billionaire Philip Anschutz to begin building a massive transmission line that will deliver wind energy from blustery Wyoming to power-hungry California. The “notice to proceed” from the U.S. Bureau of Land Management allows TransWest Express LLC to break ground on its $3 billion line after more than 15 years of development. About two-thirds of the project will be on federal lands. In a statement, the bureau said its approval of the 732-mile TransWest Express line was “a significant milestone in the Biden-Harris administration’s…
© Reuters. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo (Reuters) – Tesla (NASDAQ:) Inc has put up five proposals for vote at its annual shareholder meeting on May 16, including the nomination of co-founder JB Straubel to the electric-vehicle maker’s board. The proposals – disclosed in a filing on Thursday – also contain one investor resolution for the preparation of a key-person risk report from the company whose reliance on CEO Elon Musk has raised concerns. Tesla shareholders usually vote largely in line…
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.Dear Quentin, I’m a 67-year-old widower with a credit score of around 800. I’ retired and live off of Social Security of $1,440 a month. I live rent-free, and my car is paid off. I pay my credit cards off each month. About 18 years ago, I went bankrupt for the second time. To re-establish my credit I got not-so-great…
By James Glynn SYDNEY–Australian business conditions slipped in March but continue to track at levels above long-run averages, according to the latest monthly survey of business by the National Australia Bank. The latest NAB survey indicated some encouraging signs that some upstream price pressures, which have driven inflation over the last year, are now cooling appreciably. Business conditions weakened 2 points to +16 index points in March, while business confidence rose 3 points to -1 index point, according to NAB. Employment conditions fell 2 points to +10 index points and profitability was down 1 point to +13 index points, while…
As the three-ring circus of rising interest rates, inflation, and bank failures plays out, investors may be searching for opportunities that are less exposed to the performance of the overall economy. Corporate spinoffs and separations are worthy of consideration. Some recent spins have been notable successes. Shares of General Electric (ticker: GE) and the recently spun off GE HealthCare Technologies (GEHC) are up 44% and 38%, respectively, year to date. Investors who bought GE stock 12 months ago are up more than 70% on their holdings. The S&P 500 and Dow Jones Industrial Average are down about 9% and 3%…
Why the Manhattan DA is suing this GOP congressman Manhattan District Attorney Alvin Bragg is suing House Judiciary Chairman Jim Jordan over what the lawsuit describes as a “transparent campaign to intimidate and attack” his office’s case against former President Donald Trump. CNN’s Manu Raju and CNN’s Laura Coates, a former federal prosecutor, weigh in. Read the full article here
