The latter part of policy is a two-pronged effort to support an economy that grew strongly to start 2021 as well as to support market functioning at a time when 30-year mortgages still go for around 3%. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of […]
Less than four months into 2021, Beijing-based business data company Qimingpian counts 14 fundraising deals in China’s tea and coffee market. These deals include investments in Hey Tea and Nayuki, tea-based beverage companies that have each reportedly reached valuations of about $2 billion or more in the last several months. In December, Chinese business news […]
Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No. In March, O’Leary announced that he allocated 3% of his portfolio to bitcoin, though he has owned the cryptocurrency, along with ether and a few other digital coins, […]
Dow stock Boeing, before the market open, issued its sixth consecutive quarterly loss but it expects a turning point in 2021 as more people get vaccinated against Covid. Investors will also hear from Federal Reserve Chairman Jerome Powell at the central bank’s post-meeting news conference Wednesday afternoon. Shares of Alphabet jumped 5% in the premarket […]
The SEC typically takes 45 days from when an application is filed to render a decision on whether such a security should be allowed to trade. “The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to […]
Bitcoin climbed above $63,000 earlier this month, capping a dramatic rise starting in October that was fueled by increased adoption from financial firms and other companies, including Tesla. …Read the full story
Tesla said Monday it registered a net gain of $101 million from sales of bitcoin during the quarter, helping to boost its net profits to a record high in the first quarter. Bitcoin was trading near $59,000 on the final day of March, slightly above its price Wednesday morning. …Read the full story
Despite Republicans’ efforts to brand the spending proposals as debt-ballooning boondoggles and harmful tax hikes, Biden’s bid so far appears to be paying off. Key lawmakers are calling for a narrower infrastructure proposal, and others have already balked at the possible tax hikes in the yet-to-be-revealed families plan. The president’s Covid response won 69% approval […]
“We’ll have it, probably, within all of our restaurant brands — or 80% to 90% — in the next 90 days, where you don’t have to use a Mastercard or Visa or American Express anymore. Select locations of Mastro’s — one of Landry’s upscale concepts, with more than a dozen restaurants across the U.S. Fertitta […]
Local media reports say Thodex founder Faruk Fatih Ozer flew to Albania, taking $2 billion of investors’ funds with him. Turkish authorities have blocked Vebitcoin’s domestic bank accounts and detained four people as part of a probe into the exchange, Reuters reported Saturday. Some Turks have turned to crypto as a way to protect their […]
A third of S&P 500 companies are set to report quarterly results in the final week of April, including Apple, Microsoft, Amazon, Facebook and Google-parent Alphabet. Central bankers are not expected to take any action but are likely to defend their willingness to let inflation run hot. President Joe Biden is expected this week to […]
The only administration going back to 1953, or the beginning of Eisenhower’s term, to rival Biden’s were those of John F. To be sure, judging results that early in a presidency is tricky. In Biden’s case, it’s especially difficult to gauge whether the market was reacting to him specifically or simply continuing to ride the […]
It’s well made but there’s absolutely no reason it should be linked to anything economic,” added Taleb, whose bestselling 2007 book examined highly improbable events and their potential to cause severe consequences. Taleb had once held favorable views toward bitcoin, which was created in 2009 and is the world’s largest cryptocurrency by market value. “Something that moves 5% […]
The Nikkei 225 in Japan fell 0.57% to close at 29,020.63 while the Topix index shed 0.39% to finish the trading day at 1,914.98. Mainland Chinese stocks nudged higher on the day, with the Shanghai composite rising 0.26% to 3,474.17 while the Shenzhen component gained 1.002% to around 14,351.86. Investors continued to monitor the coronavirus […]
London time, bitcoin was down over 8% in the last 24 hours at $48,687, according to Coin Metrics data. The new tax rate would apply to returns on assets held in taxable accounts and sold after more than a year. Analysts said fears over Biden’s capital gains tax proposal may be extending to crypto investors, […]
The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. The Dow Jones Industrial Average dropped more than 300 points by the end of regular trading. Though Intel’s revenues and earnings were better than what […]
The S&P 500 erased earlier gains and closed 0.9% lower at 4,134.98, while the Nasdaq Composite slid 0.9% to 13,818.41. The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. “Biden’s proposal effectively doubles the […]
The 10-year Treasury yield, which spiked to 14-month highs in March and dogged tech stocks, ticked higher early Thursday but remained under 1.6%. The Labor Department on Thursday reported 547,000 new filings for unemployment benefits during last week, lower than expected and a new Covid pandemic low. Southwest Airlines said Thursday that leisure travel bookings […]
