The recent fluctuations in Bitcoin’s price have left traders uncertain about the cryptocurrency’s next move. After a significant drop earlier in the week, Bitcoin has struggled to find stability. The movement of $2 billion tokens between exchange wallets sparked fears of a major sell-off, contributing to the uncertainty in the market. The stability of Bitcoin’s
The municipal bond market experienced stability on Wednesday as the largest deals of the week priced, coinciding with over $1 billion of inflows into municipal bond mutual funds reported by the Investment Company Institute. The U.S. Treasuries remained relatively stagnant across the curve, while equities closed lower towards the end of the day. Various ratios,
Ford Motor’s recent decision to reevaluate its diversity, equity, and inclusion (DEI) policies has sparked a wave of controversy and debate. The company, like many others, has taken a step back to assess the ever-evolving political and social landscape surrounding DEI initiatives. This shift in focus on DEI efforts comes after a period of reexamination
During the Democratic National Convention, supporters of a national infrastructure bank, led by Rep. Danny Davis, D-Ill., passionately advocated for the establishment of a $5 trillion national bank. The main goal behind this initiative is to provide loans to public entities for financing, developing, or operating eligible infrastructure projects. This proposal has gained significant traction
Nvidia (NVDA) has been a key player in the AI-driven market rally, thanks to its GPUs essential for AI computation. As the market evolves, investors are looking for more clarity on when the company’s heavy investments will turn into substantial revenue. With NVDA’s earnings report on the horizon, there is significant anticipation about the demand
Polkadot, a platform created by Gavin Wood, has faced challenges in building an active user base for decentralized applications (dApps) when compared to other platforms such as Ethereum, Solana, and Avalanche. One of the main reasons behind this struggle has been the complex ecosystem of Polkadot. Developers have found it difficult to navigate the Layer
The recent decrease in mortgage rates for the fourth consecutive week did not seem to generate much excitement among current homeowners or potential homebuyers. Despite the slight drop in rates, the total mortgage application volume only rose by 0.5% compared to the previous week. This lackluster response raises concerns about the overall state of the
The dollar has been struggling to maintain its value against a basket of peers, hovering near its lowest point in over a year. Market attention is focused on the anticipated U.S. interest rate cut next month, with traders eagerly awaiting more information to gauge the size of the rate reduction. This uncertainty has led to
As the stock market has shown signs of recovery from the early August sell-off, some stocks have emerged as potential winners with strong momentum. The S & P 500, Dow Jones Industrial Average, and Nasdaq Composite have all rebounded, setting a more positive tone for the overall market. CNBC Pro recently conducted a screen using
The transfer of ownership of the RFK Stadium site from the federal government to the District of Columbia seems to be stuck in a political limbo. Despite bipartisan support in Congress for the “D.C. Robert F. Kennedy Memorial Stadium Campus Revitalization Act,” the legislation has been stagnant in the Senate since May. The major players