The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the
In this article COST MU INTC META AMZN Follow your favorite stocksCREATE FREE ACCOUNT An Amazon delivery truck at the Amazon facility in Poway, California, Nov. 16, 2022. Sandy Huffaker | Reuters Investors are confronting several headwinds, including macro uncertainty, a spike in energy prices and the unanticipated crisis in the Middle East. Investors seeking
The white, sandy beaches that decorate the coast of Florida are certainly no secret. In Miami Beach alone—with a full-time population of about 80,000—just under 11 million visitors stay overnight in the small beach town every year. A similar story can be seen across many coastal towns across the Sunshine State. However, with an incredible
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tens of thousands of Palestinians fled northern Gaza for a second day ahead of an evacuation deadline, as Israel extended an aerial bombardment and carried out limited raids into the enclave to search for hostages
Top Stories This Week Caroline Ellison wanted to step down but feared a bank run on FTX Caroline Ellison, former CEO of Alameda Research, testified for over 10 hours this week at Sam Bankman-Fried’s trial, offering deeper details on the events that anticipated the FTX debacle in November 2022. From Ellison’s testimony, jurors learned that
The price of Ethereum’s native token, Ether (ETH), is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS). Will it continue to weaken for the remainder of 2023? Let’s take a closer look at the charts. Ethereum price breaks below critical support vs. Bitcoin The ETH/BTC pair dropped
Whether you’re a sales broker, a remote worker in tech, or on the cusp of launching a new career, negotiating is an essential skill for success. I’ve witnessed countless times during my 25 years of experience in real estate how finding mutually beneficial terms—while steadily navigating conflict—can lead to a winning result for all sides.
Ferrari will accept cryptocurrency payments for its luxury sports cars in the United States due to customer demand. The carmaker also plans to accept crypto payments in Europe. According to an Oct. 14 report from Reuters, Ferrari’s chief marketing and commercial officer, Enrico Galliera, confirmed the intentions of the luxury car brand. Ferrari’s choice to
Municipals were little changed Friday as the market took a breather ahead of a one of the largest new-issue calendars of the year with bellwether names coming in four deals that total over $1 billion each. U.S. Treasuries returned to a flight-to-safety bid and made gains while equities closed the week mixed. The new-issue muni
Connecticut, Rhode Island and Massachusetts have agreed to work together to develop offshore wind energy in a joint venture officials say will offset rising costs that threaten the burgeoning industry’s potential. The multi-state coalition will be the first of its kind, Massachusetts Gov. Maura Healey said in a joint statement with Rhode Island Gov. Dan
A trending move in an asset class attracts traders, while a dull price action drives investors to the sidelines. Bitcoin (BTC) has largely been stuck in a range for the past several months, which could be one of the reasons for the drop in spot volumes. Bloomberg reported on Oct. 11 that Coinbase’s spot trading
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s military on Friday called for the evacuation of Palestinians from the northern Gaza strip to southern Gaza, in a move the UN said would affect 1.1mn people and could result in a “calamitous situation”.
Ether (ETH) price experienced a 7% decline between Oct. 6 and Oct. 12, hitting a seven-month low at $1,520. Although there was a slight rebound to $1,550 on Oct. 13, it appears that investor confidence and interest in Ethereum are waning, as indicated by multiple metrics. Some may argue that this movement reflects a broader
Amidthe rising popularity of social finance platforms and the increasing challenges faced by the crypto industry, security breaches remain a pressing concern. What Happened: In a recent incident, friend.tech wallet fell prey to a phishing scam, resulting in the loss of 22 Ether ETH/USD (valued at $34,800) from a user's account. This was subsequently transferred
Floki token FLOKI/USD has achieved a 7% increase in value over the past 24 hours, surpassing popular dog-related meme coins like Dogecoin DOGE/USD and Shiba Inu SHIB/USD . What Happened: The buzz surrounding Floki can be attributed to a tweet from the official Floki social handle, which featured an image of a Viking alongside the
Make Ethereum Great Again (MEGA) token has experienced an extraordinary surge of 10,000% on decentralized exchanges within the last 24 hours, outpacing the gains of leading cryptocurrencies Ethereum ETH/USD and Bitcoin BTC/USD . What Happened: Inspired by the famous slogan Make America Great Again during Donald Trumps successful 2016 presidential campaign, MEGA aims to channel
Renowned crypto analyst Jason Pizzinosounded the alarm for altcoin investors, indicating a potential downturn in Bitcoin's BTC/USD value could spell disaster for the broader cryptocurrency market. Pizzino on his YouTube channel noted, So, it looks like [Bitcoin is] coming back to test [$26,700] now. You guys know if we get a breakdown of that, were
Leading the charge in the financial industry's digital transformation, Sherri Haymond ensures consumers can effortlessly conduct their day-to-day transactions, bridging the gap between both small and large players with their target consumers. With more than 20 years of experience in the financial industry,Haymond serves as Executive Vice President forDigital Partnerships at Mastercard MA . She
While the EU AI Act saw majority support in the Parliament in June 2023, officials are now looking at more restrictive guidelines for larger operators like OpenAI and Meta. This is like the tighter regulations set under the DSA Act for the largest players. What Happened:European Union officials are looking at formulating an agreement for
The U.S. Virgin Islands government is concerned that more than $10 billion of a possible $15 billion in federal hurricane reconstruction aid may be in jeopardy, with possible impacts on the islands’ economy. The islands’ government and Water and Power Authority have more than $2 billion in bonds outstanding. Fitch Ratings rates the WAPA bonds