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Raoul zeroes in on what he thinks is going to be the best performing trade in the world over the next eighteen months…
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned buyers of the dangers of investing in funds
Crypto exchange Web traffic hit a record high of 638.2 million visits in May, according to SimilarWeb data compiled by The Block. Traffic to crypto exchanges grew 20.4% in May compared to April’s figure. May’s 638.2 million in crypto exchange traffic drew 108 million more hits than the last all-time high, which occurred in January …
President Joe Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending plans.
US Sen. Brian Schatz (D-HI) and Congressman Sean Casten (D-IL) introduced the Climate Change Financial Risk Act of 2021, legislation that would direct the Federal Reserve to conduct stress tests on large financial institutions to measure the resilience to climate-related financial risks.
Bitcoin hit a three-month low on Monday (May 17), before regaining some ground.In a wild trading session, investors initially sold and then bought cryptocurrencies. That in the wake of Tesla boss Elon Musk’s latest tweets about the carmaker’s bitcoin holdings.In one, Musk said “Tesla has not sold any bitcoin.”But that came after weekend tweets which hinted Tesla is considering or may have already sold some of its massive holdings.Musk’s enthusiasm has boosted crypto markets, but he has lately roiled trade by appearing to cool on bitcoin in favor of its one-time parody, dogecoin.Bitcoin fell more than 9% on Monday to its lowest since February 8, but then rallied more than 5%.Dogecoin fell nearly 7%, and is yet to fully recover from Musk describing it as a “hustle,” on Saturday Night Live.Although he did boost the price last week by saying he was working to improve its efficiency.Last Wednesday (May 12), Musk said Tesla would stop taking bitcoin as payment for Tesla cars, due to environmental concerns.The virtual currency has lost almost a quarter of its value since that announcement.
PNC Financial’s (PNC) proposed acquisition of BBVA USA, as part of the bank’s efforts to expand presence in international markets receives necessary regulatory approvals.
Domestic stocks markets were trading more than 1% up in Monday’s noon deals amid favourable global cues and further fall in daily Covid-19 cases across the country. Get more Markets News and Business News on Zee Business.