Markets

, /PRNewswire/ — Syzygy Integration, a company focused on providing next-generation situational awareness to those that protect the homeland, announced today that it was the sole developer of iTAK (iOS Team Awareness Kit / Tactical Assault Kit) that the Department of Homeland Security (DHS) released to the Apple App Store for public use. iTAK helps to… Continue reading Syzygy Integration Releases iTAK in the App Store, a Cutting-Edge Situational Awareness App

Wall Street’s main stock benchmarks closed higher Thursday after two days of declines.  St. Louis Fed President James Bullard said the central bank is “behind the curve” on fighting inflation.  Stocks appeared to take in stride Bullard’s view that the Fed needs to raise rates by 3 percentage points this year. Loading Something is loading.… Continue reading US stocks end higher to break losing streak spurred by fears of a hawkish Fed

Bitcoin and bitcoin equities make up 60% of billionaire Ricard Salinas Pliego’s liquid portfolio, he told conferencegoers in Miami on Thursday.  Mexico’s third-wealthiest person at the Bitcoin 2022 conference called bonds a “terrible investment”.  Salinas Pliego runs Mexican broadcaster TV Azteca and retailer Grupo Elektra.  Bitcoin is a good place to be investment-wise, according to… Continue reading Mexican billionaire Ricardo Salinas Pliego says bitcoin makes up 60% of his liquid portfolio and calls bonds ‘a terrible investment’

Any US central bank digital currency must support the dominance of the dollar, Treasury Secretary Janet Yellen said Thursday.  A CBDC “could become a form of trusted money comparable to physical cash” and offer some of the benefits of digital assets, Yellen said. But issuing a digital dollar would take years of development, not months,… Continue reading Treasury Secretary Janet Yellen says a central bank digital currency must support the US dollar’s global dominance

Rite Aid shares dropped as much as 25% on Thursday following a ratings and price-target downgrade at Deutsche Bank.  The retail pharmacy chain may miss its 2023 indication to bring in $430 million in annual adjusted EBITDA.  “Unfortunately, we believe Covid has hastened the decline of the retail pharmacy segment,” the investment bank said.  Loading… Continue reading Rite Aid plummets 25% after Deutsche Bank slashes price target to $1 as COVID-19 ‘hastens the decline’ of the company’s retail pharmacy business

US stocks fell on Wednesday after minutes from the Federal Reserve revealed likely plans to lower its balance sheet. The Fed said it expects to roll off $95 billion worth of Treasuries and mortgage bonds each month. The balance sheet reduction could begin in May, along with a likely 0.50% rate hike, according to the… Continue reading US stocks fall in choppy trading after Fed indicates monthly balance sheet reduction of $95 billion

The European Union has paid $38 billion for Russian energy since Vladimir Putin launched a war on Ukraine, a top EU official said. But the EU is weighing possible escrow accounts for Russian oil and gas payments.  Treasury Secretary Janet Yellen said the suggestion is constructive, and the US could consider it.  Loading Something is… Continue reading The EU has paid Russia $38 billion for energy since the Ukraine war began. Now it’s considering escrow accounts to freeze the Kremlin’s revenue

ESPN is diving into the NFT market with a collection featuring NFL legend Tom Brady.  The sports channel signed a multiyear deal with Autograph, Brady’s NFT company.  The collection will be based on the ESPN+ documentary series “Man in the Arena: Tom Brady.” Loading Something is loading. Disney’s ESPN is entering the world of non-fungible… Continue reading ESPN is entering the NFT game by launching a collection with legendary quarterback Tom Brady