Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations. BTC/USD 1-hour chart. Source: TradingView Fed’s “preferred” inflation metric points to waning pressure Data from Cointelegraph Markets Pro and TradingView showed BTC price action getting only a modest boost from the Personal Consumption Expenditures (PCE) Index
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French luxury group Hermès has defied an industry-wide slowdown in the US, posting 22 per cent growth in sales across all markets in the first half of the year. Overall revenues soared to €6.7bn for the first half, from €5.5bn in the same period last year, the Paris-based company said on Friday. Operating profit surged
Signage outside Intel headquarters in Santa Clara, California, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Intel — The chip stock jumped more than 6% after the company posted better-than-expected second-quarter earnings results. The latest quarter marked a return to profitability after two consecutive losing
A residential complex constructed by Evergrande in Huai’an, Jiangsu, China, on July 20, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China’s housing ministry has announced plans to make it easier for people to buy property. The news, out late Thursday, indicates how different levels of government are starting to act just
Blake Washington was appointed Thursday to be New York’s budget director. Washington, secretary to the New York State Assembly Ways and Means Committee, where he advises the Speaker and Assembly members on all budget and fiscal matters, was chosen for the post by New York Gov. Kathy Hochul. “With years of public service and a deep
Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat. The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat, has been refining the model since 2011. Like Twitter, it
The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear guidelines around cryptocurrencies. The observation from
Alaska is crafting regulations for a law that would reduce carbon emissions by selling credits to preserve the state’s forested land to help lessen the impact of air pollution. The state’s so called tree bill, Senate Bill 48, and its companion bill, House Bill 49, were signed into law in May. When Gov. Mike Dunleavy
When Mattel hosted a New York screening for its Barbie movie earlier this month, film-maker Greta Gerwig marvelled at how “brave” the toymaker had been at letting her play with its brand. The film’s portrayal of an idiotic all-male Mattel board and questioning of its role in encouraging consumerism and bizarre body images was a
In this article SAM ENPH FSLR TMUS DXCM ROKU INTC F SG Follow your favorite stocksCREATE FREE ACCOUNT 3,760 Enphase microinverters will power the drying and storage of more than 50,000 tons of California rice at Strain Ranch in Arbuckle, Calif., Tuesday, Feb. 19, 2013. Alison Yin | AP Check out the companies making headlines
Construction on a real estate project in Yantai, Shandong province, gets under way on July 8, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — China is changing its tone on the struggling real estate sector, paving the way for policy support. Beijing’s crackdown on the once-hot property market has focused on financial risks of
The life and legacy of Bond Buyer reporter Yvette Shields was honored Tuesday with a proclamation introduced on the floor of the Illinois Senate. Introduced by Sen. Rob Martwick, D-Chicago, the proclamation pays homage to Shields as a “celebrated and beloved financial reporter” who “left behind an indelible mark on the public finance industry in
Bitcoin (BTC) is facing the prospect of a “big bull move” as stablecoin buying power returns, on-chain data hints. Analysis courtesy of on-chain analytics platform CryptoQuant now shows stablecoin supply metrics repeating historical bull market patterns. “Major leading indicator” flips bullish for BTC price Bitcoin is in peak accumulation mode, according to CryptoQuant’s Stablecoins Ratio
Kentucky’s economy remains in overdrive as it continues to rack up record after record. This month the state saw the largest surplus in its history as the general fund budget had a $1.55 billion overage at the end of fiscal 2023. Nearly all of the surplus will go into the commonwealth’s rainy-day fund, bringing it
Sinead O’Connor performs at the 49th Montreux Jazz Festival, in Switzerland, in 2015 © Jean-Christophe Bott/EPA-EFE/Shutterstock Sinéad O’Connor, one of Ireland’s best known singers, has died, her family announced. O’Connor, who shot to fame with the hit “Nothing Compares 2 U” in 1990, was 56. The cause of her death was not immediately known. “It
In this article EBAY LHX MAT ALGN NOW CMG STX META Follow your favorite stocksCREATE FREE ACCOUNT Meta headquarters in Menlo Park, California, US, on Thursday, July 21, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Meta Platforms – Shares of Meta Platforms jumped nearly
The interest rate on your mortgage determines your monthly mortgage payment as well as how much you’ll pay in interest. A good interest rate can save you thousands upon thousands of dollars over the life of your loan. However, this doesn’t mean that you should agree to a mortgage simply because the lender can offer
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage rates didn’t move at all last week, and are still sitting near a recent high. With home prices continuing to rise, that pushed more potential homebuyers to the sidelines. Total mortgage application
Solana game developer Automata (ATMTA) will undergo “a significant headcount reduction” to preserve its ability to develop Star Atlas. After the restructuring, the Automata team will comprise just 45 staff, compared to 235 in late 2022. According to the July 24 announcement on Discord, Michael Wagner, CEO and co-founder of ATMTA, said the restructured team
A bigger basketball arena is being pushed by Oklahoma City’s mayor, who wants to put a plan that would include public and team funding before voters this year. Mayor David Holt spent most of his state of the city address last week laying out his case for replacing the city-owned Paycom Center, contending “no tax
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