Here’s how JPMorgan is changing its tune on Bitcoin and hopping on the BTC fund bandwagon in a different way — and why it matters for crypto investors.
The ongoing infrastructure issues relating to security and governance have kept many companies and asset management firms on the fence when it comes to their participation in the blockchain industry and its most promising sector, decentralized finance.
The country’s third-largest bank says half-year profit doubled as it unwound bad debt provisions amid a strengthening recovery in the economy from last year’s pandemic shock.
call option volumes shows that the number of contracts outstanding has dropped since the wildest days of the frenzy when retail traders were using the instruments to force short squeezes.And further reinforcing Vanda’s claim is what happened on Tuesday as the price of Dogecoin soared by more than 50%: the Robinhood Markets app, the preferred trading venue for retail, crashed as demand for the joke coin spiked.It’s like individual investors are playing a game of hot potato, said Tony Bedikian, head of global markets at Citizens Bank.
-General Motors Co and Chief Executive Mary Barra were forced by the semiconductor supply-chain crunch to slash production and sell fewer vehicles at higher prices.
Tapestry, which also owns Kate Spade and Stuart Weitzman, said sales in North America rose by a mid-teens percentage and returned to pre-pandemic levels, while revenue from Mainland China soared about 175% compared to a year ago and was 40% above 2019.