As the White House weighs the potential renomination of Jerome Powell as chair of the Federal Reserve, officials are discussing the use of openings on the board to reshape the central bank to closer align with administration priorities such as inequality and tighter banking regulations, according to people familiar with the matter. President Joe Biden
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Global investment bank Goldman Sachs says ether is the cryptocurrency with the highest real use potential and it could overtake bitcoin as the dominant digital store of value. Ether Could Overtake Bitcoin as Dominant Store of Value, Says Goldman Sachs Goldman Sachs shared its view on the future outlook for bitcoin and ether in a
The VIX is known as the fear index because it is based on the amount of puts that are purchased. Why? -The more puts that are purchased on the SP500, the higher the VIX -When puts are high that means people are buying protection -They think the market is going down High v. Low VIX
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Olena Ruban | Moment | Getty Images Cannabis industry investors have been treated to a series of legislative catalysts over the last three years that have moved equity valuations. Notable moments include Canada’s federal adult-use implementation, the election of President Joe Biden, and the Georgia Senate run-off in January. Additionally, the state-by-state legalization movement is
In this article DIDI PDD NIO FANG SAM A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021. Florence Lo | Reuters Check out the companies making headlines in midday trading. Didi — The
Last week, I hitched a ride through the far suburbs of Washington, DC in a Tesla Model 3, entered a newly built subdivision where we found a row of townhomes and pulled into the garage of the first one. The car was plugged into the electric vehicle charger that was drawing from the nine-kilowatt solar
An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,
This year’s 500% accumulated gain took Ether’s (ETH) price to a $4,380 all-time high on May 12, and this rally was even more robust than the late-2017 move. The famous bull market, or bubble, depending on how you see it, took Ether’s price on a 390% rally from $290 in November 2017 to $1,420 in
The Federal Reserve Bank of Minneapolis will require its employees to be vaccinated against COVID-19, the bank’s president, Neel Kashkari, said. “In order to fulfill our public-service mission, we need more face-to-face contact than remote work allows, but there is no way for us to bring a critical mass of our staff back into our
Brussels wants to set up a new anti-money-laundering authority with direct supervisory powers as it seeks to crack down on illicit finance following a series of scandals. The European Commission will this month table legislation to create the Anti-Money Laundering Authority (AMLA) according to draft proposals seen by the Financial Times. It should set up operations
Municipals were better on light but strong trading in the secondary, as dealers pushed benchmarks lower with large blocks of high-grades exchanging hands but sales to customers also showed strong interest. U.S. Treasuries helped direct municipals to lower yields as the UST 10-year fell to 1.36% — the lowest since Feb. 24 — and the
Bitcoin (BTC) might have tested the $40,000 support in mid-July, but according to various derivatives metrics, there has not been a significant change in investor optimism. This situation either means that price is not what they are looking to mark the end of the current bear market, or that most traders are still underwater at
Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.30
In order to really hone in and understand what a portfolio is, let’s take a look at a business example so we took a look at a regular business and how that business can look at its inventory as a portfolio. For example, if we start breaking the business down into a few segments, you’ll
In this article CFV A satellite image of the stuck container ship Ever Given in Egypt’s Suez Canal, taken on March 25, 2021. Satellogic Satellite Earth imagery specialist Satellogic is preparing to go public, announcing on Tuesday that it will be the latest in a string of space companies merging with SPACs. Satellogic is merging
In this article MMM FANG TME AAPL DIDI AMZN JD.com is one of the biggest e-commerce and logistics company in China. Zhang Peng | LightRocket | Getty Images Check out the companies making headlines in midday trading. Didi — Shares of the Chinese ride-hailing giant Didi Chuxing plunged more than 20% after China announced that
Porcelain tile has numerous wellness design benefits, and will be a featured material at the annual Coverings expo opening tomorrow in Orlando (and online for those not traveling there). Coverings bills itself as the largest tile and stone products trade show in North America and is jointly sponsored by the ceramics industry associations of
A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | Getty Images The pandemic-induced housing boom may not be over quite yet. Despite recent months of softening sales, buyers came back remarkably strongly in May. Pending home sales, a measure of signed contracts on existing
Find Stocks Likely to Surprise with 70% Accuracy Earnings ESP has proven to be a very valuable tool for investors seeking stocks that are most likely to beat earnings estimates. As indicated earlier, in our extensive 10- year backtest, we found that over the past decade, stocks with a positive Earnings ESP and with a