Bitcoin prices are driven by little more than cash flows, big-name buyers and reward cuts to miners, argued a Bank of America research report on Wednesday, adding that CO2 emissions linked to …
Read More »Higher mortgage rates are not cooling the hot housing market yet
According to Freddie Mac, the median rate on a 30-year mortgage is now 3.05%, up from the all-time low of 2.67% at the end of 2020. Rising long-term bond yields could lead …
Read More »London: Asian cities challenge British capital for title of world’s No. 2 financial center
The British capital lost an important ground in the first Global Index of Financial Centers published since the United Kingdom completed its exit from the European Union, barely remaining in second place …
Read More »Angie’s List changes its name in a complete rebrand
In an ever so slight name change, Angie’s List will change its name to Angi starting Wednesday. The business owner will change their name from ANGI Homeservices to simply Angi Inc. (Their …
Read More »Online Trading Company eToro Goes Public in Over $ 10 Billion SPAC Deal
EToro, a broker with more than 20 million users, said Tuesday that it will merge with FinTech Acquisition Corp. V, a publicly traded special purpose acquisition company, or SPAC, in a deal …
Read More »First Gamestop, now gorillas. Redditors are pouring money into saving apes
They are gorillas. That’s not a monkey business. Members of the Reddit group, who gained national attention for their role in fueling the January commercial frenzy GameStop (GME), AMC (AMC) and other …
Read More »Wall Street’s biggest fear is not Covid. It’s inflation
For the first time since February 2020, Covid-19 is no longer the number one fear among portfolio managers surveyed by Bank of America, the bank said Tuesday. Inflation is now the top …
Read More »Purdue Pharma Unveils Plan to Dissolve Company and Sackler Family Agree to Pay $ 4.2 Billion
As part of the proposed plan, the Sackler family agreed to pay an additional $ 4.2 billion over the next nine years to resolve various civil claims. “The vast majority of Debtors’ …
Read More »Pre-market actions: AstraZeneca’s woes are bad news for the global recovery
What’s happening: European countries, including Spain, Germany, France and Italy, have suspended the use of the AstraZeneca (AZN) Covid-19 vaccine out of concern that blood clots could be a possible side effect. …
Read More »Vanguard hits a hiatus in fund ambitions in China
American financial giant Vanguard Group has suspended plans to launch a mutual fund business in China. The Malvern, Pa., Firm told its employees in recent days that it was pausing months of …
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