LONDON – Bitcoin hit a record high just shy of $65,000 last month, the latest landmark on its march to wider acceptance.
A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies told Germany’s Handelsblatt newspaper.
There’s been a rush to book oil tankers as traders seek to redress the supply imbalance caused by the stoppage.See also: India’s Oil Demand Spared 2020’s Collapse Despite CrisisThe main three main energy agencies will release their monthly oil market updates this week, starting with the Organization of Petroleum Exporting Countries on Tuesday.
New York time.The Stoxx Europe 600 Index sank 2.2%.The MSCI Asia Pacific Index tumbled 1.9%.The MSCI Emerging Market Index shed 1.4%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro jumped 0.2% to $1.2157.The British pound gained 0.1% to $1.4131.The onshore yuan weakened 0.1% to 6.425 per dollar.The Japanese yen strengthened 0.1% to 108.74 per dollar.BondsThe yield on 10-year Treasuries gained less than one basis point to 1.60%.The yield on two-year Treasuries was unchanged at 0.15%.Germany’s 10-year yield gained three basis points to -0.18%.Japan’s 10-year yield sank one basis point to 0.078%.Britain’s 10-year yield gained three basis points to 0.817%.CommoditiesWest Texas Intermediate crude declined 0.9% to $64.32 a barrel.Brent crude dipped 0.9% to $67.72 a barrel.Gold strengthened 0.2% to $1,840.49 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
That last would seem to be a positive – except that, combined with the massive government stimulus injecting cash into the economy – higher wages are seen as a portent of inflation.
NEW YORK/LONDON/SINGAPORE -Cryptocurrency ethereum climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralized finance or “DeFi”, although some analysts said it was overvalued at current levels.
transition, avoid the stocks with the biggest drawdowns and be in position to capture the next leg.” So, let’s take this advice, and look for ways to protect the portfolio in the short term while staking a position for the longer term.
— Honest Co.’s shares tumbled again on Monday, extending a slide just days after the consumer-goods company started by actress Jessica Alba made a splashy debut in the public markets.A decline of as much as 13% sent the shares as low as $16.52, approaching the initial public offering price of $16 on May 4.