Bitcoin (BTC) hovered near $59,000 as Nov. 21 came to a close after avoiding a retest of its recent lows. BTC challenges $60,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD almost hitting $60,000 before consolidating in a new higher range after sudden gains Saturday evening. The pair had hit lows of $55,650 during the
In this article GM WIX NFLX SQ NVDA The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters Earnings season is drawing to a close, and companies have offered investors and analysts insight into their plans for growth in the coming
In this article FL DDS FTCH AMAT WSM PANW Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker slid 3.6% in the premarket after the athletic footwear and apparel retailer said it expects global supply chain constraints to persist through this quarter. The slide comes despite a beat on
COVID-19 stimulus spending caused 2021 state expenditure estimates to sky-rocket to the highest level in 35 years. That was according to the Fiscal 2019-2021 State Expenditure Report released by the National Association of State Budget Officers Friday. Total state spending reached $2.65 trillion in fiscal year 2021, a jump from the $2.28 trillion observed in
China’s hypersonic weapon test in July included a technological advance that enabled it to fire a missile as it approached its target travelling at least five times the speed of sound — a capability no country has previously demonstrated. Pentagon scientists were caught off guard by the advance, which allowed the hypersonic glide vehicle, a
While many methodologies are used to close a sale, there is perhaps no more valuable tool than personal experience—-it’s much easier to speak to a product’s strengths if one has an intimate knowledge of it. That’s why car salespeople are encouraged to take what’s on the lot out for a test drive or why sommeliers
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage
A federal request for a 10- to 15-week pause in the Puerto Rico Plan of Adjustment confirmation process as well as the related constitutional challenge to the underlying bankruptcy law may threaten the Puerto Rico debt deal. Five attorneys with the U.S. Department of Justice, led by Acting Assistant Attorney General Brian Boynton, asked Puerto
El Salvador continues to lead the Bitcoin (BTC) adoption drive as President Nayib Bukele announces the launch of Bitcoin City, which will be funded initially by $1 billion Bitcoin bonds. The initiative was first announced by Bukele at El Salvador’s Bitcoin Week conference, which sought to celebrate Bitcoin’s mainstream adoption in the country and increase
Zcash (ZEC) surged by nearly 20% in the past 24 hours, helped by the euphoria surrounding its core protocol’s decisive transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The ZEC price logged an intraday high at $188.80 on Binance after rising two days in a row by more than 27%. The cryptocurrency’s move upside also wiped
We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense. Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or
In this article DLTR People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Company: Dollar Tree Inc. (DLTR) Business: Dollar Tree operates discount variety retail stores. It operates through two segments: Dollar Tree and Family Dollar.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. Brendan McDermid | Reuters If history is a guide, the market should do well in the upcoming Thanksgiving holiday week. The S&P 500 was slightly higher in the past week, buoyed by positive economic reports,
The Securities and Exchange Commission Friday censured a McKinsey & Co. affiliate and ordered it to pay $18 million to settle allegations that MIO Partners had access to material nonpublic information about issuers, including Puerto Rico, while it was overseeing investments that included the issuers’ securities. Active partners at McKinsey acting as restructuring consultants for
UBS has proposed former Morgan Stanley president Colm Kelleher as its next chair, succeeding Axel Weber when he steps down next year after a decade overseeing the Swiss lender. The appointment of Kelleher, a 64-year-old Irishman who spent 30 years at the Wall Street bank, was announced on Saturday morning. UBS conducted a wide external
Victor F. “Trey” Trahan III, FAIA, the founder and CEO of Trahan Architects, has been selected as this year’s Laureate of The American Prize for Architecture by both The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies. Trahan Architects is a global architecture firm with
In this article 136-HK 3333-HK An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande is set to raise about $273 million by selling its remaining shares in film production and streaming company HengTen Networks, according to a filing released
Municipals were stronger Friday on the back of the U.S. Treasury rally amid concerns of rising COVID-19 outbreaks in Europe. Triple-A benchmarks were bumped by one to three basis points beginning around the five-year mark with the larger moves out longer, but the asset class underperformed the five- to six-basis point moves in UST. Ratios
Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club. 8 People Arrested in Crypto Fraud Scheme in Israel Israeli police arrested eight suspects Thursday allegedly
zacks.com zacks.com/ultimate