Author: News Room

Watch full video on YouTube

Bitcoin, the original and most prominent cryptocurrency, has once again shattered expectations by surging past the $30,000 resistance level, leaving investors and market analysts alike wondering where it will head next. This remarkable milestone highlights the growing acceptance and mainstream adoption of digital currencies, as well as their potential to disrupt traditional financial systems. As the excitement around Bitcoin’s meteoric rise continues to build, market participants eagerly speculate on its future trajectory and the next price target in the ever-evolving landscape of cryptocurrency investments.MicroStrategy’s Michael Saylor Champions Corporate Bitcoin Adoption as Company Gains on InvestmentMichael Saylor, the founder and executive chairman of…

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. It’s been one month since Silicon Valley Bank collapsed, triggering alarms throughout the halls of global finance. The initial panic has settled into a more tolerable state of tension. We can all take a deep breath, knowing our money is safe and that banks have the tools they need, courtesy of the federal government, to weather the storm. “We’re going from flashing red lights to flashing yellow lights,” Wells Fargo’s senior bank analyst Mike Mayo told…

Bitcoin climbed on Monday evening, topping the key psychological level of $30,000 as investors awaited key inflation data later in the week that could steer crypto prices.The largest cryptocurrency by market cap rose 7% to $30,193.25 for the first time since June, according to Coin Metrics. Ether advanced more than 3.5% to $1,925.11 for the first time since August as investors awaited the Ethereum network’s latest tech upgrade, scheduled for Wednesday.Now that bitcoin has touched $30,000, a move into the mid- to high-30s will be “likely” if it pushes through with conviction and would “force short speculators to cover and…

Hockey Hall of Famer Chris Chelios has listed his Malibu beach home for $75 million. The Paradise Cove property is located among some of the most desirable homes in the California beach city. About 45 minutes from Los Angeles via the scenic Pacific Coast Highway is Malibu, playground of the rich and famous and their fabulous beach homes. Chelios’ Mediterranean-style mansion is on a spacious 1.7-acre lot, offering one of California’s best ocean views. An impressive entryway leads to a grand living room, featuring breathtaking views of the coastline through its large windows. The chef’s kitchen is equipped with high-end…

Freeport-McMoRan (NYSE: FCX), one of the largest producers of copper, has seen its stock underperform a bit over the last month, falling by 7% compared to the S&P 500 which was up 1%. While the big reopening of the Chinese economy following the easing of Covid-19 restrictions late last year is seen as a big tailwind for the copper market, copper prices have cooled a bit recently. For instance, while copper prices rose from about $3.60 per pound in early December 2022, to about $4.20 in late January, they have declined to about $4 per pound currently. The recent worries…

By Davide Barbuscia NEW YORK (Reuters) – The Federal Reserve may not need to raise interest rates further to fight inflation, as the fallout from last month’s turmoil in the banking sector and a series of recent labor data point to a slowing U.S. economy, a BlackRock (NYSE:) executive said on Monday. Though Friday’s closely-followed Labor Department employment report showed that U.S. employers maintained a strong pace of hiring last month, it was also marked by slowing wage gains and jobs growth that was below the three, six and 12 month moving averages, said Rick Rieder, chief investment officer of…

By Maximilian Heath BUENOS AIRES (Reuters) – The latest government incentive to grow Argentina’s processed soybean exports recorded few takers on Monday, according to traders and analysts, on the first day for the scheme that offers farmers and shippers a preferential exchange rate. Would-be participants in the “soy dollar” program need more details, several told Reuters. The program provides access to an exchange rate of 300 Argentine pesos per U.S. dollar for all sales of soybean derivatives, or 40% more than the tightly-controlled official rate of some 213 pesos per greenback. The government of embattled President Alberto Fernandez, struggling to…

By Johan Ahlander STOCKHOLM (Reuters) -A state actor’s involvement in the blast of the Nord Stream pipelines last year is the “absolute main scenario”, though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday. In September 2022, several unexplained underwater explosions ruptured the Nord Stream 1 and newly-built Nord Stream 2 pipelines that link Russia and Germany across the Baltic Sea. The blasts occurred in the economic zones of Sweden and Denmark and both countries say the explosions were deliberate, but have yet to determine who was responsible. The blast in the Swedish zone occurred…

© Reuters. After-hours movers: HEXO, Tilray fall on merger deal After-Hours Stock Movers: HEXO Corp. (HEXO) 23% LOWER; entered into a definitive arrangement agreement with Tilray Brands, Inc. (TLRY) for a transaction whereby Tilray will acquire all of the issued and outstanding common shares of HEXO. Kura Sushi USA, Inc. (KRUS) 7% LOWER; commenced an underwritten public offering of 1,100,000 shares of its Class A common stock. All shares of Class A common stock are being offered by the Company. Tilray Brands, Inc. (TLRY) 6% LOWER; entered into a definitive arrangement agreement with Tilray Brands, Inc. (TLRY) for a transaction…