Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course. However, the path higher may not be easy.
Overdue and over budget, a project to redevelop Connecticut’s New London Pier into an offshore wind energy hub for projects along the Atlantic coast is nearly complete. Its first shipments, components for a project in the Long Island Sound, are set to leave port early Tuesday. Launched in 2020 with an original price tag of
Fall is in the air, and one of the great things about this season — aside from the cooler weather — is the opportunity to view such beautiful autumn colors. However, you don’t always have to go outside to see these brilliant hues. Here’s how to incorporate the luscious fall colors in your home. Decorate
Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the
Oklahoma’s Council of Bond Oversight approved up to $560 million of revenue bonds Thursday for the state’s Grand River Dam Authority (GRDA), which is expected to start issuing the debt later this year. Proceeds will finance repairs and improvements, including a natural gas-fired generating unit to replace the authority’s last remaining coal-fired unit, as well
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel expanded its ground operations in Gaza, bombed targets in Syria and carried out a raid in the occupied West Bank overnight, as its war with Hamas militants sent tensions rising across the Middle East.
Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong. Zodia Custody is launching services in Hong Kong in response to growing demand for crypto from institutions, Zodia CEO Julian Sawyer said, according to a CNBC
Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors. Bloomberg senior ETF analyst Eric Balchunas highlighted in a post on X (formerly Twitter) that ProShares Bitcoin Strategy ETF (BITO), the
In this article TSLA SLB AMZN NVDA NFLX Follow your favorite stocksCREATE FREE ACCOUNT The Netflix logo is seen on a TV remote controller in this illustration taken Jan. 20, 2022. Dado Ruvic | Reuters As the earnings season rolls on, investors are getting a glimpse into how companies are handling an array of macro
Market data platform SOLVE has introduced a public finance workflow solution that shows historical scales for all muni deals, allowing for spread comparisons of where a deal priced in the past to where it might price in current market conditions. The firm’s clients wanted a tool to deliver deal-based spreads on their terms, said Gregg
The stately mansion has the type of presence one would expect in an affluent part of Washington D.C.: traditional, elegant and tidy. Yet beyond the restrained presence from the curb, the stone façade and the four-column entrance is a residence that delivers in big ways. Consider the mammoth size. This is not just a home
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters The initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the
The Municipal Securities Rulemaking Board has approved its first fees under its new rate card model, which helps the board respond to market pressures and adjust yearly rates accordingly, and expects to file those changes with the Securities and Exchange Commission within a month’s time. Of the four fees the board collects from regulated entities,
Israel has pressed on with its ground offensive in Gaza for a second night as prime minister Benjamin Netanyahu said the country had launched a new phase of its “long and hard” war to destroy Hamas. Daniel Hagari, IDF spokesman, said on Sunday that Israel had sent more troops into Gaza overnight and combat operations
El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to Gabor Gurbacs, strategy advisor of investment management firm VanEck. “I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas,” Gurbacs explained in an Oct. 28 X post.
In this article CNXC Follow your favorite stocksCREATE FREE ACCOUNT Luis Alvarez | Digitalvision | Getty Images Company: Concentrix (CNXC) Business: Concentrix provides technology-infused customer experience (CX) solutions and runs customer service for 2,000 customers globally. They are the second largest outsourced CX company globally and provide CX process optimization, technology innovation, front- and back-office
Top Stories This Week Sam Bankman-Fried takes the stand on FTX’s collapse Sam “SBF” Bankman-Fried testified this week in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research while acknowledging making “big mistakes” during the companies’ explosive growth. Highlights of his testimony include denying directing
A new stream of federal funding may find its way into office conversions and other efforts designed to boost the nation’s housing supply, and public finance officers are eyeing a renewed effort to finance homebuilding with new rules on Community Development Block Grants and the freeing up of federally-owned land. The new efforts were officially
For college students and those nearing graduation, it’s common to think about the future, including their career. Every year, undergrads call, email, and communicate with me on social media to ask for advice. They’re typically focused on finding their first full-time paying job. While gaining employment and becoming self-sustaining is essential to cover living expenses,
Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector. “Although relaxation