Bitcoin, once known for its extreme price swings, is now showing signs of stabilizing, according to Matt Hougan of Bitwise Asset Management. Over the past decade, the cryptocurrency’s wild fluctuations have decreased significantly. Hougan attributes this shift to a recent surge in demand from ETFs combined with a limited supply in the market. The introduction
Finance
Bitcoin, the world’s largest cryptocurrency, has once again demonstrated its penchant for dramatic price swings. In a recent overnight trading session, the digital asset plummeted from over $72,000 to around $67,000, marking a steep decline of approximately 7%. This unexpected drop serves as a stark reminder that, despite its growing acceptance in mainstream finance, Bitcoin
Despite facing headwinds in the past year due to a slump in traditional economic sectors such as real estate, infrastructure, and exports, the Chinese economy is undergoing a major transition. This transition aims to modernize the economy and enhance its global competitiveness. HSBC’s Chief Financial Officer, Georges Elhedery, believes that while there may be short-term
The recent report by British asset manager Janus Henderson highlights a positive trend in global dividend payouts to shareholders, reaching a record $1.66 trillion in 2023. This represents a 5% year-on-year increase on an underlying basis, with the fourth quarter showing a significant 7.2% rise from the previous three months. The report attributes this growth
Ken Griffin, the founder and CEO of Citadel, has expressed his belief that the Federal Reserve should take a cautious approach when it comes to cutting interest rates to combat inflation. During the International Futures Industry conference in Boca Raton, Florida, Griffin emphasized the importance of not rushing into rate cuts. He warned that a
China’s recent annual parliamentary meetings came to a close with a surprising break from tradition. For the first time in decades, the Chinese premier did not hold a press conference following the meetings. This departure from the norm raises questions about the future of press interaction with the highest levels of China’s government. In addition,
President Joe Biden recently signed a $460 billion spending bill into law. This move successfully averted a partial government shutdown that was looming over the weekend. The bill covers funding for six major areas of government, including military and veterans affairs departments, agriculture, commerce, justice, transportation, housing and urban development, and energy. The Senate voted
Recently, The Wall Street Journal reported that the Justice Department has initiated a criminal investigation into the Alaska Airlines incident that occurred two months ago. The incident involved a door panel blowing out mid-air during Flight 1282 on January 5th, which was en route to Ontario, California from Portland, Oregon. This prompted an emergency landing
ESG funds, which focus on a company’s environmental, social, and governance factors, may seem like they are invested solely in clean, sustainable sectors. However, a closer look at the top holdings of many ESG funds reveals a different story. According to DWS Group’s Arne Noack, these funds aim to invest in top performers across various
China has recently raised the transaction limit for foreign visitors using the mobile app Alipay to $2,000 per year without needing to register their ID. This significant increase from the previous limit of $500 will have a major impact on international tourists, making it easier for them to pay for daily purchases during their stay
