Bitcoin has bounced back over the $100,000 mark, rising to a peak of $101,700 after dipping below $100,000. This rebound followed a drop caused by the Federal Reserve’s announcement about interest rate cuts, which were revised down to only two planned cuts for 2025 instead of the expected four. Despite the Fed’s recent quarter-point rate ...
Bitcoin reached a new all-time high of over $106,000 as investors anticipated a likely interest rate cut from the Federal Reserve. This rally saw Bitcoin rise by more than 4%, while Ether also gained 4%, approaching the $4,000 mark. The overall cryptocurrency Market, represented by the CoinDesk 20 index, also recorded a 4% increase. Despite ...
In October, the Labor Department reported that U.S. hiring picked up at its slowest pace since 2020. Bloomberg's Tyler Kendall examined how this slowdown is affecting key battleground states ahead of the upcoming election.
A judge has extended a pause on legal battles involving Puerto Rico's electric utility as it negotiates with bondholders to reduce its debts. This decision comes as the utility works to address its financial challenges.
Goldman Sachs Group Inc. reports that US money markets are preparing for a familiar month-end trend. This week, there’s expected to be a noticeable spike in overnight lending rates. This increase is linked to Wall Street banks managing a significant influx of new Treasuries.
The rise of artificial intelligence is leading to a significant increase in electricity demand, presenting both opportunities and challenges for Wyoming, a key energy producer. In a recent legislative discussion, lawmakers debated how to meet this growing need while navigating an already complex electric Market. With inquiries for up to 7,000 megawatts of new power ...
Ontario will extend its temporary cut to gasoline and diesel taxes until next June, Premier Doug Ford announced at a news conference on Sunday.
Nigeria's Central Bank Governor Olayemi Cardoso has expressed confidence in the country's ability to attract $1 billion in monthly remittances from citizens living abroad. This statement was reported by Thisday newspaper.
The initial assessments following the bombing indicate a negative outlook.
The U.S. has a long history of taxing imports, but mostly moved away from that approach starting in the 1930s with a shift towards free trade. However, tariffs saw a resurgence under President Donald Trump, who aimed to boost American manufacturing and address what he called China's unfair trade practices. President Joe Biden has continued this trend, maintaining higher tariffs.
