Our weekly roundup of news from East Asia curates the industry’s most important developments. Bitcoin’s day of glory on Chinese TikTok On Apr. 10, Douyin, the version of Tiktok exclusive to Chinese users, began publishing price quotes related to Bitcoin (BTC) and other cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), and Ripple (XRP). The move
In this article BRK.B Follow your favorite stocksCREATE FREE ACCOUNT J. Kempin | Getty Images Entertainment | Getty Images Warren Buffett said he was “confounded” by the opportunity to buy into five Japanese trading houses two years ago. “I was confounded by the fact that we could buy into these companies,” Buffett told CNBC’s Becky
In this article CMG HOG BBBY AAPL Follow your favorite stocksCREATE FREE ACCOUNT Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Apple — The tech giant climbed more than 2% Thursday. A
Arbitrum (ARB) has emerged as one of the best-performing cryptocurrencies after Ethereum’s long-awaited Shanghai upgrade. Notably, ARB price gained 4.28% to $1.36 on April 13, its highest level in two weeks. This also amounts to 18% gains from its $1.15 low a day ago when the Shanghai upgrade enabled staking withdrawals on Ethereum. ARB/USDT daily
Forbes Global Properties You may not even be aware that there’s a Northern California city known as the Endurance Capital of the World. Yes, Auburn, with its Gold Rush history and landmark status has been the site of decades of epic events, such as the Western States 100-Mile Endurance Run, the Tevis Cup 100-Mile Endurance
Eric Hsu remembers a time when he was 10 days away from payday and had just $32 left. He had no savings. “I used the remaining money I had to buy loaves of white bread and I ate that for all three meals until my pay came in,” he told CNBC Make It. “Sometimes I
The Securities and Exchange Commission will host its Municipal Securities Disclosure Conference May 10, both in-person and virtual, where moderating staff from the Office of Municipal Securities will lead panelists through topics such as ESG, the Financial Data Transparency Act and voluntary disclosure. The conference will be attended by SEC chairman Gary Gensler, Commissioners Hester
EY’s UK bosses have told partners to prepare for a fresh cost-cutting plan and a stream of staff departures as they admitted to embarrassment at the collapse of the firm’s long-running attempt to split its global business in two. On a call with partners on Wednesday, Anna Anthony, UK managing partner for financial services, said:
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Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices
They say the third time’s a charm — and that must be true in the Garden State, where for the third time in less than a week, New Jersey received a credit rating upgraded. S&P Global Ratings on Wednesday raised its long-term and underlying ratings on the state’s general obligation bonds to A from A-minus
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Paul Morigi | Getty Images Entertainment | Getty Images Warren Buffett said Americans should not be concerned about their bank deposits in the wake of the latest financial shock in the sector and the government would ensure no depositor in this country lost a dime.
In this article MGM GS GPN MDB BIPC TRTN SHOP SHOP-CA Follow your favorite stocksCREATE FREE ACCOUNT Harley Finkelstein, Shopify Scott Mlyn | CNBC Check out the companies making headlines before the bell Wednesday. Shopify — Shares of the e-commerce company gained 2.4% after JMP upgraded Shopify to market outperform from market perform. The firm
People like to hunt for treasure along the Southern California coast. Amid the sunbathers, surfers and castle builders, it’s not uncommon to see beach hunters sweeping metal detectors over the sand. Homes on the beach in Del Mar are limited, making them highly sought after. Cameron Acker But not all the great finds are hidden
South_agency | E+ | Getty Images Inflation continued to retreat in March as energy prices pulled back from a year ago, when they began to spike due to Russia’s invasion of Ukraine. But swings in gasoline and other energy mask price pressures that, while easing, remain under the surface, economists said. “It’s improving and the economy
The embattled Oklahoma Turnpike Authority will halt work on a controversial $5 billion expansion project until its access to the municipal bond market is assured. The work stoppage effective Friday comes as the OTA faces an investigative state audit, litigation by property owners opposed to the project, and legislation that would impact the selection and
US inflation eased last month to its lowest level in nearly two years but an uptick in core prices will keep pressure on the Federal Reserve to press ahead with another interest rate increase in May. The consumer price index for March rose by 5 per cent year on year, according to data published by
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Bitcoin (BTC) price has finally broken the $30,000 level after the key price zone lasted as a ten months resistance level. BTC price rallied 6.5% on April 10 and the much-awaited price gain ended an agonizing 12-day period of extremely low volatility, which saw the price hovering close to $28,200. Bulls are now confident that
Municipals were firmer in spots, while U.S. Treasury yields rose 10 years and in ahead of Wednesday’s consumer price index report. Equities ended mixed. Triple-A yields were bumped up to three basis points Tuesday while UST yields rose up to two basis points 10 years and in, moving municipal-UST ratios near their 12-month lows, according
On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment with inflows totaling $57 million last week, bringing inflows back to a net positive position year-to-date. However, despite this, “volumes were low at $970 million for the week,” and the
In this article WHR NEM KMX UPST ARRY MRNA LC BMBL Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Getty Images Check out the companies making headlines before the bell Tuesday. CarMax — Shares of the vehicle retailer soared 7% on the back of better-than-expected quarterly earnings. CarMax earned 44 cents per share, beating a
In this article NYCB WGRO TSLA AKAM MHK WW WHR KMX Follow your favorite stocksCREATE FREE ACCOUNT Pipettes are seen at the Moderna Therapeutics Inc. lab in Cambridge, Massachusetts, U.S., on Tuesday, Nov. 14, 2017. Moderna this week started testing Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday
This week on The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Bitcoin (BTC) breaking through the $30,000 mark, setting a new high for 2023. He also covers Tether blacklisting a validator and whether Ethereum’s latest upgrade could bring institutional investors to Ethereum. Bitcoin hits $30K to mark highest price since June 2022 Bitcoin has
The decline in mortgage rates over the last month likely will boost U.S. home sales by more than 200,000 as cheaper financing results in more people qualifying for loans, according to Lawerence Yun, chief economist of the National Association of Realtors. “Each half a percentage point drop in mortgage rates results is an additional 200,000
They are majestic and beautiful and critical to the world economy. Coral reefs, often called the “rainforests of the sea,” support roughly 25% of all known marine species. They are vital not just to sea life, but to human life. And the planet has lost half its coral reefs since the 1950s due in large
New Jersey’s efforts to reduce long-term obligations, especially pension liabilities, resulted in good news for the Garden State, as it received a second rating upgrade ahead of next week’s sale of more than $1 billion of school bonds. Fitch Ratings raised New Jersey’s issuer and general obligation bond ratings on Tuesday to A-plus from A
EY has called off the plan to break up its audit and consulting businesses after months of internal disagreement and opposition from executives in the US. The Big Four firm communicated the decision on Tuesday in a note to partners, which was seen by the Financial Times. The plan, code named “Project Everest”, was approved
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Position sizing is an important component of trading. When considering what size of position to take, you should be aware of how much each market tends to fluctuate. This video explains how you can attempt to normalise your notional risk by adjusting for volatility rates of different markets. It also looks at how to use