Bitcoin’s biggest investors appear to be upping their positions as the price recovers. Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data from blockchain firm Chainalysis. That bullishness continued into late August as prices rebounded above $50,000. “The bitcoin
Exterior view of the New York Stock Exchange and Wall Street on June 2, 2021. Kena Betancur | VIEW press | Corbis News | Getty Images The IPO pipeline this fall is filling up quickly. The IPO market has already had its busiest year since the internet bubble in 2000, and the fall will likely
Check out the companies making headlines before the bell: Didi Global (DIDI) – Didi rallied 4.3% in the premarket following a Bloomberg report that Beijing was considering taking a stake in the ride-hailing company and possibly bringing it under state control. It is unclear what size stake Beijing would consider taking in the company. Netflix
Bobby Lee “blames” his brother Charlie — the founder of Litecoin — for causing the 2017/2018 Bitcoin price crash. He’s joking of course. Sort of. Charlie famously sold the last tranche of his Litecoin holdings in December 2017 for $350 each. Bobby remembers seeing the news hit Twitter. “I was like, gosh, that probably marks
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. In early July 2021, Fannie Mae confirmed something that most real estate professionals already knew: Buyers and sellers are currently on a very different page. Over half of buyers (64%) think it is now a bad time to buy.
Singapore has hinted that unvaccinated travelers may be subject to longer quarantine periods and additional testing. franckreporter | E+ | Getty Images SINGAPORE — Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic. Optimism has also gained steam as vaccination rates gain pace, and
Retail investors are betting on these ETFs.
The municipal market traded sideways and activity was muted on Thursday as U.S. Treasuries were steady and equities in the black ahead of the much-anticipated employment report to be released Friday. Refinitiv Lipper reported $1.044 billion of inflows into municipal bond mutual funds for the week ending Sept. 1, down from the $1.9 billion a
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top of this, another story explains
Widespread Puerto Rico power outages this week are highlighting the extended age of the Puerto Rico Electric Power Authority’s infrastructure and its impact on the economy. The outages affected 33% to 37% of the authority’s customers since Monday and will continue to afflict many for a few more days, according to PREPA. Demand has been
WhatsApp has been fined €225m for breaking the EU’s data privacy law by not telling its users how it was sharing their data with its parent company Facebook. In one of the biggest fines relating to the General Data Protection Regulation (GDPR), the Irish data regulator applied a penalty more than four times the level
Cardano’s ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets. Cardano joins Ethereum in serious gains Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday. Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit
Thomas Montag Source: Bank of America Two trusted deputies of Bank of America CEO Brian Moynihan will depart at the end of the year, setting up a succession race among the company’s top managers. Tom Montag, 64, who is chief operating officer and leads the global banking and markets division, as well as Anne Finucane,
In this article SCHW Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images It’s good to be in an up market. A new Schwab report on self-directed brokerage accounts within 401(k) plans indicate that active traders have
In this article CHPT CHWY SIG HRC LE HRL Check out the companies making headlines before the bell: Hormel (HRL) – The food producer reported adjusted quarterly earnings of 39 cents per share, matching forecasts, with revenue coming in above estimates. However, Hormel gave a weaker-than-expected full-year outlook, noting the impact of higher costs, although
Co-Founder & CMO at Poplar Homes, a tech-enabled property management company with 2,200+ doors under management across 10 major metros. Property management is going through an evolution right now, and tech providers have stepped up to the plate to disrupt the industry. There are plenty of incentives as to why. Among them, rental market share continues
As wildfires tear across America’s West, the immediate risk is to life and property, but they will eventually affect water supplies. That’s one reason large corporations are beginning to help fund forest restoration in order to mitigate their water risk. The water supply for many communities, including large cities, starts in mountains and national forests.
You will need to move fast on a market correction because I have no doubt that the dip will be bought quickly
Municipal trading dropped 25% on Wednesday after an already very slow few days in the secondary, leaving municipal benchmark yields little changed, as U.S. Treasuries also held steady and most participants began checking out for the holiday weekend. For the 25th week in a row, municipal bond mutual funds saw inflows of nearly $2 billion,
Earlier this year, the Chinese government took the momentous step to ban any crypto mining operations based within its borders, causing a massive exodus of hashing power — 168 exa hashes per second (EH/s) to nearly 86 EH/s as of June 23, representing a drop of nearly 40% — from China to surrounding countries. As