Bitcoin (BTC) regained some lost ground at the Aug. 29 Wall Street open amid talk of an imminent short squeeze. Shorts lose out in modest squeeze higher for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to near $20,400 on Bitstamp as United States equities began trading. The move signaled welcome relief
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Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE As the market reacted in alarm to Federal Reserve Chair Jerome Powell’s hawkish comments and determined tone on Friday, I struggled to retrieve an analogous situation that ended well. My conclusion is that, although we have experienced a bear-confirming drop of over 20%
The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Catalent Inc. – Shares of pharmaceutical company Catalent fell 7.4% after earnings that disappointed Wall Street. While Catalent beat expectations for earnings, its revenue and
College dorm rooms are the most transitional spaces many of us will ever live in. After all, students generally move year to year, if not more frequently. Yet, putting effort and cash into designing these spaces is more popular than ever. Blame it on marketing, or peer pressure— this is hardly a fleeting fad. There’s
The Good Brigade | Digitalvision | Getty Images Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for the prospect of lower financing costs. The rate on a 30-year fixed mortgage will fall to an average 4.5% in 2023, according to a recent housing
The United States equities markets are attempting to stabilize after the carnage on Aug. 26. On similar lines, Bitcoin (BTC) is also witnessing a see-saw battle near the psychological level of $20,000 with both the bulls and the bears vying for supremacy. Although several analysts are bearish on Bitcoin in the near term, it has
Federal authorities Thursday gave final environmental approval to Maryland’s plan to add four toll lanes to the Capital Beltway. Gov. Larry Hogan’s signature project, which he hopes to deliver as a public private partnership, can now move toward finalizing a 50-year contract with Accelerate Maryland Partners, a consortium that’s led by Australian firms Transurban and
The EU is preparing emergency measures to curb soaring electricity prices, as the cost of energy breaks records across the continent and utilities turn to the state for emergency support. As EU officials work to relieve the pressure, Ursula von der Leyen, European Commission president, said the surge in electricity prices was “exposing the limitations
Former Stifel banker James Cervantes was appointed chair of the California Housing Finance Agency’s board of directors by Gov. Gavin Newsom. Cervantes, who joined the board earlier this year, retired from Stifel in October 2020. He was a Stifel California managing director and, for a time, ran Stone & Youngberg, acquired by Stifel in 2011.
The United States equities markets plunged on Aug. 26 following Federal Reserve Chair Jerome Powell’s speech where he reiterated the central bank’s hawkish stance. Continuing its correlation with the equities market, Bitcoin (BTC) and the cryptocurrency markets also witnessed a sharp selloff on Aug. 26. Bitcoin has declined about 14% this month, making it the
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Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday. Fabian Bimmer | Reuters Markets are expected to remain volatile for the remainder of the year or at least until inflation shows some sign of stabilizing without jeopardizing economic growth. Indeed, stocks sold
Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Affirm — The buy-now-pay-later darling’s shares slid nearly 14% after hours when it reported a bigger-than-expected quarterly loss of 65 cents per share, according to Refinitiv. It also issued
Former “American Idol” producers Nigel Lythgoe and Ken Warwick listed their California winery for $22 million earlier this month. Warwick and Lythgoe bought the 160-acre Paso Robles property for $5.2 million in 2005. Originally, the investment property was supposed to include “American Idol” creator Simon Fuller, host Ryan Seacrest and judge Simon Cowell, Warwick said.
In this article TREE Mark Hunt | Disabilityimages | Getty Images Owning a home is one of the key ways to build wealth. But for aspiring Black homeowners, that can be a difficult milestone to reach, according to a new report from LendingTree. Research from the online loan market company finds the mortgage denial rate
The publicly listed firm Coinbase Global has revealed the company plans to evaluate any potential forks that arise from the upcoming Ethereum upgrade known as The Merge. In a recently updated blog post, Coinbase said if a new Ethereum proof-of-work (PoW) token is created it “will be reviewed with the same rigor as any other
U.S. Virgin Islands Water and Power Authority CEO Andrew Smith said he expects a court will order WAPA to repay employee pension contributions over time despite the pension organization’s suit demanding immediate repayment. The repayment plan would be to pay off the $2.2 million in past due employee contributions to the system that WAPA owes.