Crypto prices keep falling, but why? This year’s market crash has turned most winning portfolios into net losers, and new investors are probably losing hope in Bitcoin (BTC). Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting a stratospheric all-time high at $69,400, Bitcoin price crumbled
Month: September 2022
Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could result in much higher interest rates and a recession. The sell-off Friday was global, in a week where the
When an owner of commercial real estate wants to negotiate a sale, the buyer will often have a general idea of what they are willing to pay. This idea usually reflects limited investigation and analysis, because more extensive investigation and analysis costs more than the potential buyer is willing to spend without knowing that the
In this article TRU Follow your favorite stocksCREATE FREE ACCOUNT After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, including another big hike earlier this week. “Interest rates are going up at the
Five months ago, the top meme cryptocurrencies by market valuation were valued at $33.7 billion and today, the meme coin economy is 55% lower, down to $14.9 billion on September 23. During the last month, dogecoin lost 12.8% in value, and shiba inu is down 19.4% against the U.S. dollar in 30 days. Dogecoin, Shiba
Kaufman Hall & Associates LLC will acquire the consulting firm Claro Healthcare to scale up on the depth of its professional services for hospital and health systems that are navigating ongoing COVID-19 wounds made worse by a labor shortage and high expenses. Kaufman Hall, which specializes in the healthcare and higher education sectors, said Thursday
Kwasi Kwarteng, UK chancellor, has taken a huge political gamble with a mini-Budget intended to jolt the British economy back to life, announcing £45bn of tax cuts, including axing the 45p additional tax rate for the highest earners. The package will delight many in the City of London and the wealthy. It removes the 45p
Municipals were hit hard on the front end of the curve but the damage was felt throughout as triple-A yields rose up to 15 basis points and mutual fund outflows topped $2 billion. U.S. Treasuries sold off and equities were mixed. Municipal yields rose up to 15 basis points on the one- and two-year with
Cryptocurrencies have been in a bear trend since mid-August after they failed to break above the $1.2 trillion market capitalization resistance. Even with the current bear trend and a brutal 25% correction, it has not been enough to break the three-month-long ascending trend. The crypto markets’ aggregate capitalization declined 7.2% to $920 billion in the
In this article DRI CSA-FF SCS CRM KBH LEN Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm reported a better-than-expected quarterly profit and revenue, but gave a weaker-than-expected revenue forecast for the current quarter. Accenture pointed to IT spending cuts by corporate
Meet me in St. Louis, Louis, meet me at the fair…the song about the 1904 World’s Fair in St. Louis, Missouri that celebrated the centennial of the Louisiana Purchase has kept it alive in our memories. Now the Nabisco Mansion, another piece of that history, is for sale. Though it is called the Nabisco Mansion,
An aerial view of former U.S. President Donald Trump’s Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. Marco Bello | Reuters A bombshell lawsuit against former President Donald Trump filed Wednesday contains a head-spinning amount of detail about real estate, loans and other financial arrangements
Municipals were mixed after the Federal Open Market Committee implemented a third straight 75 basis point rate hike as it continues to combat inflation, pushing the two-year U.S. Treasury above 4% while the 10-, 20- and 30-year made gains. Equities ended in the red. The FOMC raised the fed funds rate target 75 basis points
Japan intervened to strengthen the yen for the first time since the late 1990s on Thursday, after the currency tumbled to a 24-year low on pledges by the central bank to stick with its ultra-loose policy. Masato Kanda, the country’s top currency official, said the government had “taken decisive action” to address what it warned
The failed endeavor to build the Carolina Panthers football franchise a new headquarters in York County, South Carolina, has resulted in a thorny legal battle over who is to blame. Construction on the planned $800 million mixed-used facility in Rock Hill, meant to include state-of-the-art training facilities, office space, millions in utility investments, and green
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The cryptocurrency industry has grown at a staggering pace. There are now almost 21,000 different coins in existence, across a variety of subsectors. From metaverses to decentralized finance, investors are spoiled for choice. But a burning question, especially among crypto skeptics, is this: Are there too many cryptocurrencies? We’ve repeatedly seen how new altcoins can
(Click here to subscribe to the Delivering Alpha newsletter.) Inflation, a hawkish Fed, fears of a recession have all made 2022 a tough environment for investing. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. Ares Management, however, has been a beneficiary of the current environment. With hundreds
In this article ACB-CA COTY EL BYND SFIX GIS GSBD Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. The company expects
New York has a convoluted body of usury law that deems certain loans usurious and invalidates them. New York’s usury law almost never actually applies to any loan because the law is riddled with so many exceptions and exclusions. It will, however, sometimes rear its ugly head with casual or noninstitutional transactions, or where a
New York Attorney General Letitia James on Wednesday sued former President Donald Trump, the Trump Organization, three of his adult children, and others for allegedly widespread fraud involving years’ worth of false financial statements related to the company’s business. The 220-page civil lawsuit filed in Manhattan Supreme Court seeks at least $250 million in damages.
Bitcoin (BTC) underwent a weak rebound on Sept. 21, and the U.S. dollar jumped to a new yearly high as investors await Sept. 21’s Federal Open Market Committee’s interest rate decision. BTC price holds $19K ahead of Fed decision BTC’s price has managed to cling on to $19,000 with a modest daily gain of 1.33%
New York City will dip its toes into the social bond municipal market for the first time next month when it offers a $400 million taxable general obligation deal to a growing investor base seeking bonds that address specific social objectives. This is the city’s first sale of social bonds, Mayor Eric Adams and New York
Vladimir Putin said Russia’s armed forces would call up its reserves immediately to support its invasion of Ukraine and indicated Moscow would probably annex large swaths of the country’s territory. In an address to his nation that significantly raised the stakes in the war, the Russian president announced “partial mobilisation” ahead of heavily stage-managed votes
Municipals sold off across the yield curve amid elevated selling pressure as the first day of the Federal Open Market Committee meeting began Tuesday, with the one-year muni well above 2.5% and the 10-year surpassing 3%. U.S. Treasuries were weaker and equities ended down. Triple-A benchmark yields rose eight to 10 basis points, depending on
While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said a third
The sustainability movement has emerged as a 21st century megatrend, and it shows no signs of abating. Record heat in Europe, wildfires in the U.S. West, floods in Pakistan, drought in China, and accelerating ice cap melt in Greenland and Antarctica have driven home to many the looming threat of climate change. Meanwhile, the New
Value Investing is one of the best ways to trade. But not all value stocks are bargains. Learn how to pick and time the best value stocks with the Zacks Rank.
FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry’s recent carnage and said he still has cash to spend if opportunity knocks. It may seem strange. Other multibillion-dollar crypto giants spiraled into bankruptcy this year. FTX’s main competitor, Coinbase, has seen its shares plunge 70% and has laid off a fifth of
Take a look at some of the biggest movers in the premarket: Ford (F) – The automaker’s stock fell 4.5% in the premarket after it warned that quarterly earnings would take a hit of about $1 billion from increased supplier costs and parts shortages. Those factors contributed to a shortfall in finished vehicles ready to
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