Investing.com — Compromise on Capitol Hill over infrastructure spending, a recovering European economy, Bitcoin still in the spotlight and crude points higher still amid second-half demand recovery optimism.
House committee early on Thursday voted to authorize $547 billion in additional spending over five years on surface transportation, a plan that would mostly go toward fixing existing U.S.
Although this was a larger jump than expected, the reaction was relatively muted as the index included hefty contributions from short-term rises in airline ticket prices and used cars, supporting Federal Reserve Chair Jerome Powell’s repeated assertion that higher inflation will be transitory.
Britain’s recovery sped up in April as lockdown measures eased, with economic output rising by 2.3% month-on-month in April, marking the fastest growth since July.
Bitcoin received a boost Thursday with the decision by El Salvador to adopt the digital currency as legal tender, the first country to do so.
At 6:30 AM ET, Bitcoin was largely unchanged at $36,816.00, struggling to break out of the $30,000 to $40,000 range that’s been in place since a collapse from a record of almost $65,000 in April.
as it seeks to expand its footprint in the aviation sector.The deal is part of the global investment firm’s launch of a new commercial aviation lending platform, AV AirFinance Limited, which will provide secured financing to airlines, lessors, manufacturers and investors.
— Vertical Aerospace Group Ltd., the developer of electric vertical takeoff and landing aircraft, won pre-order contracts of as much as $4 billion as it plans to go public through a merger with a blank-check company.American Airlines Group Inc., Virgin Atlantic Airways Ltd.
The shortfall this year is 9.7% higher than the $1.88 trillion deficit run up over the same period a year ago, the Treasury Department said Thursday in its monthly budget report.
The Office for National Statistics said the economy grew by 2.3% during April, which saw the reopening of shops selling non-essential items and a number of other service providers, such as hairdressers, resuming work.
A federal judge on Thursday paused a loan forgiveness program aimed at supporting farmers of color after a group of white Midwestern farmers sued the federal government, alleging discrimination, the Milwaukee Journal Sentinel reports.
— U.S.
issuers in the $6.4 trillion industry are cobbling together a growing number of workarounds.A slate of companies are releasing or planning “Bitcoin adjacent” products that skirt U.S.