The daily number of Bitcoin transactions jumped to an all-time high on Monday. Many were from Bitcoin Ordinals, a protocol that expands the blockchain’s use case. Bitcoin is currently trading at $28,790, up 2.78% in the past 24 hours. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Bitcoin breaks its all-time record for daily transactions amid surging interest in new network protocol
Stocks and bonds would crash ‘violently’ in a debt crisis – even if the US avoids immediate default, former NY Fed president says
Bond and stock markets would crash in a debt crisis, even if the US avoids immediate default. That’s according to former New York Fed President Bill Dudley, writing in a Bloomberg op-ed. “I have one message for those observing or involved in the standoff over raising the US federal debt limit: Be afraid, be very… Continue reading Stocks and bonds would crash ‘violently’ in a debt crisis – even if the US avoids immediate default, former NY Fed president says
Stock Market Today: Stocks Struggle After JPMorgan Buys First Republic
Stocks were choppy to start the new month amid reports that regulators seized First Republic Bank (FRC (opens in new tab)) over the weekend and that JPMorgan Chase (JPM (opens in new tab)) will buy the majority of the embattled regional lender’s operations. While the news had a positive effect on JPM’s share price, not… Continue reading Stock Market Today: Stocks Struggle After JPMorgan Buys First Republic
Invest in Bitcoin? I’m a Bitcoin Loser and I Won’t Be Going Near It Again
Should you invest in Bitcoin is a common question posed by many who have witnessed the cryptocurrency’s rollercoaster ride over recent years. Each Bitcoin is now worth about $30,000 after a year of gains for the cryptocurrency, but the last five years have seen it swing from $3,000 to $65,000, which shows the seesaw it’s… Continue reading Invest in Bitcoin? I’m a Bitcoin Loser and I Won’t Be Going Near It Again
Elite investors overseeing trillions warned the crowd at Milken about a looming US credit crunch. Here’s how 2 of them say they’re planning to capitalize.
Bank lending activity is headed for a slowdown in the wake of tightening conditions that just claimed another US bank in First Republic. Leaders of major asset management firms discussed the prospect of a credit crunch at the 2023 Milken Global Conference. They shared how they’re planning to capitalize on the dislocations that arise. Several… Continue reading Elite investors overseeing trillions warned the crowd at Milken about a looming US credit crunch. Here’s how 2 of them say they’re planning to capitalize.
US stocks close lower after First Republic falls and ahead of the Fed’s 2-day policy meeting
US stocks fell on Monday after First Republic Bank collapsed on the first trading day of May. JPMorgan bought the bulk of the California lender’s assets in a $10.6 billion deal. The third bank failure this year comes as the Fed is expected to raise interest rates for the 10th consecutive time. Loading Something is… Continue reading US stocks close lower after First Republic falls and ahead of the Fed’s 2-day policy meeting
Billionaire Apollo co-founder Marc Rowan sees the 2nd wave of bank stress coming as commercial real estate concerns mount
The bank crisis is only part over, and part two will be fueled by real estate, Apollo’s Marc Rowan said. Rowan said bank failures will further tighten credit conditions. Small- to mid-sized lenders finance most commercial real estate debt, spelling trouble for the sector. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Billionaire Apollo co-founder Marc Rowan sees the 2nd wave of bank stress coming as commercial real estate concerns mount
Russian economy may face more hardship as the EU looks to close sanctions loopholes
Russia’s economy could face more pressure as the EU eyes sanctions loopholes, the Financial Times reported. It could involve sanctioning countries that re-export banned products into Russia. Meanwhile, the US proposed a full export ban on Russia, but found little support in the G7. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Russian economy may face more hardship as the EU looks to close sanctions loopholes
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