Bitcoin's 200-Day Average Is Approaching a Record High; Here's Why It Matters

finance.yahoo.com None Bitcoin's 200-day average is on track to challenge its previous peak of $49,452 from February 2022. • None Past data show the most intense phase of the bull cycle…

What’s behind the record FTSE 100 high?

theguardian.com The UK stock market has hit an intraday record high, lifted by hopes of interest rate cuts and easing geopolitical tensions, after setting a new closing high on Monday. The…

Economic Impact on Crypto: What Every Trader Needs to Know

coinpedia.org The post Economic Impact on Crypto: What Every Trader Needs to Know appeared first on Coinpedia Fintech News Have you ever wondered if things like unemployment can affect…

Chinese market watchdog’s support to divert IPOs from mainland to Hong Kong

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Chinese market regulator CSRC’s support will divert scores of mainland firms’ IPOs to Hong Kong,…

Earnings Minefield: The 3 Stock Landmines to Avoid This Quarter

investorplace.com U.S. equities had a rough week and this quarter's earning season could make things even more volatile The past couple of weeks have been increasingly volatile for U.S.…

FTSE 100 stock index closes at new all-time high

bbc.co.uk The index closed on Monday at 8,023.87 points to mark the new record, surpassing its previous high of 8,012.53 in February last year. It was up 1.62% at its close, with…

Wall St eyes higher open after Friday sell-off, Mideast tensions subside

aol.com U.S. stocks were poised to open higher on Monday after steep losses in the previous session as easing Middle East tensions buoyed risk appetite, while investors looked ahead…

Futures recover after Friday sell-off, Mideast tensions ease

finance.yahoo.com U.S. stock index futures gained on Monday after slumping in the previous session as easing Middle East tensions buoyed risk sentiment, while investors looked ahead for an…

FPI Trends in India: ₹5,254 Cr Equity Offloading

consciounessofworld.com Foreign Portfolio Investors (FPIs) exert significant influence on Indian financial markets, their actions often serving as barometers of investor sentiment and economic…

China's steel sector has bigger worries than Biden tariff hike

investing.com BEIJING/SINGAPORE (Reuters) -U.S. President Joe Biden's push to triple tariffs on Chinese steel imports strikes a mostly symbolic blow on an industry facing bigger concerns…

Political heat prods Japan, South Korea to team up on weak currencies

investing.com The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint statement with the U.S. this week underscores the political heat…

China's demand for gold is unstoppable as consumers, investors, and the central bank fuel a record-breaking price surge

fortune.com Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front…

China Is Front and Center of Gold’s Record-Breaking Rally

finance.yahoo.com Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front…

Shining example: how China is propelling gold’s record-breaking rally

scmp.com China and India have typically vied over the title of world’s biggest buyer. But that shifted last year as Chinese consumption of jewellery, bars and coins swelled to record…

Crypto Market: GDP & PCE Inflation In Focus Amid Fed’s Rate Cut Dilemma

coingape.com The crypto market has gone through volatile trading lately, as evidenced by the performances of the major cryptos like Bitcoin, Ethereum, Solana, and others. However, the…

Wheelock’s Park Seasons flats find buyers as discounts ease rate fears

scmp.com The sale comprised one-bedroom and two-bedroom flats measuring between 322 and 496 square feet (46 square meters), priced at between HK$4.54 million and up to HK$7.70…

Federal budget does not change fiscal track, says Macklem

theglobeandmail.com Bank of Canada Governor Tiff Macklem said that this week’s federal budget has not significantly changed the government’s fiscal path and is unlikely to impact the country’s…

Short sellers recoup losses as rally in US stocks loses steam

finance.yahoo.com Short sellers have been raking it in over the last 30 days as receding bets of an early interest rate cut by the U.S. Federal Reserve triggered a selloff in the equity…

What's going to be different with the halving of Bitcoin this time?

euronews.com Bitcoin prices usually rise for several months following a halving event. However, this time, the market expects the halving to be different. The fourth Bitcoin halving…

2 No-Brainer Vanguard ETFs to Buy With $750 During the Stock Market Sell-Off

finance.yahoo.com The stock market has trended upward almost in a straight line over the past six months. The S&P 500 (SNPINDEX: ^GSPC) gained 27% from its October 2023 low point, and the…

Sickly Canadian dollar could reverse course later this year amid shifting central-bank policies

theglobeandmail.com The Canadian dollar is at risk of extending its recent slump, but some forecasters see a rebound later this year once the U.S. Federal Reserve signals interest-rate cuts are…

IMF chief quotes Churchill as she warns of global chaos

finance.yahoo.com The head of the International Monetary Fund has urged countries to cut debt and slash red tape to revive growth as she warned the world was becoming more vulnerable to…

Fed should be ready to cut by September

investing.com Analysts at UBS believe the US Federal Reserve should be ready to cut rates by September. The investment bank, in its blog assessing the Beige Book, noted that Monday's…

How to push for the lowest mortgage rates in a high interest rate world

theglobeandmail.com Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while…

China’s Weak Consumer Spending is Holding World Back: IMF Chief

asiafinancial.com China has been told that its weak consumer spending is holding back world growth. International Monetary Fund Managing Director Kristalina Georgieva bemoaned the slow pace…

The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates

finance.yahoo.com None US Fed chair Jerome Powell has signaled a delay in expected interest rate cuts. • None He said the Fed needs more time to be confident that its fight against inflation…

Fed officials cast more doubt on the timing of rate cuts this year

businessinsider.com Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S.,…

Goldman Sachs Warns Bitcoin Investors

cryptonews.com In a note to clients, Goldman Sachs, one the world’s largest investment bank, advised against extrapolating data from previous Bitcoin halving cycles due to macroeconomic…

Blackstone warns that private equity cannot return capital ‘overnight’

archive.ph Blackstone has said it will take time for private equity firms, which are sitting on record amounts of unsold assets, to return cash to investors even as the market for…

Hong Kong’s buoyant home sales to fight gravity of continued high interest rates as cut hopes dwindle, analysts say

scmp.com As developers rush to put new projects on sale at discounted prices to take advantage of the suddenly buoyant buying sentiment, property agents have raised their 2024 sales…

Rate Cut Rockets: 3 Stocks to Soar When Interest Rates Fall

investorplace.com These companies look sure to benefit if the market takes off with lower interest rates in coming months Risk-on! The stock market is widely expected to takeoff like a rocket…

The overlooked threats to the global financial system

financialpost.com Since the great financial crisis of 2007-08, regulators have engaged in the biggest push since the 1930s to de-risk the global financial system. Yet instability and flawed…

German finance minister criticizes Inflation Reduction Act, WH responds

semafor.com The News German Finance Minister Christian Lindner criticized the U.S. Inflation Reduction Act, arguing that a similar measure in Germany wouldn’t necessarily bring down…

Build Your Fortune: 3 EPC Stocks Constructing Massive Gains

investorplace.com EPC firms are very well-positioned at this point In many ways, this is an excellent time for American engineering, procurement and construction ( ) stocks. EPC firms manage…

Why Past Bitcoin Halvings May Not Predict Future Prices: Goldman’s Warns

coinpedia.org The post Why Past Bitcoin Halvings May Not Predict Future Prices: Goldman’s Warns appeared first on Coinpedia Fintech News In just two days, the cryptocurrency world braces…

Confirmed drop in euro zone inflation reinforces expectations for ECB’s June rate cut plan

theglobeandmail.com Euro zone inflation slowed across the board last month, reinforcing expectations for a European Central Bank interest rate cut in June, even as rising energy costs and a…

Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions

coindesk.com Bitcoin's fourth mining-reward halving is just two days away. The quadrennial event will reduce BTC's per block emission to 3.125 BTC from 6.25 BTC, halving the pace of new…

Dollar strength: Why developing countries are nervous – DW

dw.com Emerging economies are wary of the strength of the US dollar. They are taking steps to ensure the soaring greenback doesn't fuel inflation and derail growth. We explain why…

Tech Stocks Slump in Europe as ASML Rattles High-Flying Sector

finance.yahoo.com European technology stocks declined while the broader index kept to a tight range, after ASML Holding NV reported orders well short of analyst expectations. • None What If…

European stocks higher despite Fed comments rattling global markets; UK inflation eases to 3.2%

cnbc.com European stocks were slightly higher Wednesday despite global markets being rattled by comments from the head of the U.S. Federal Reserve. The regional Stoxx 600 index were…

Analysis-Painful high rates wake-up call threatens global markets

finance.yahoo.com Fear that interest rates in major economies will stay relatively high is creeping back and threatens a painful wake-up call for financial markets, big investors warn. With…

What Bitcoiners Are Saying About the Upcoming Bitcoin Halving

finance.yahoo.com On April 19, or whenever a bitcoin miner mines block number 840,000, the amount of bitcoin {{BTC}} entering into circulation will halve from about 900 a day to 450. This…

UPDATE 2-Bank of America profit falls on lower customer interest payments

finance.yahoo.com Bank of America's first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards. BofA is among the large…

Bank of America’s first-quarter profit falls on lower customer interest payments

theglobeandmail.com Bank of America’s BAC-N first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards. BofA is among the…

Bank of America profit falls on lower customer interest payments

finance.yahoo.com Bank of America's first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards. BofA is among the large…

3 Stocks Hedge Funds Are Dumping Now: April 2024

investorplace.com With market volatility on the rise, hedge fund managers are taking profits and positioning their portfolios defensively Concerns about inflation and higher for longer…

Oil prices slip as concern eases about Middle East supply risk

theglobeandmail.com Oil edged lower on Tuesday as easing concern about supply risks and a rapidly escalating conflict after Iran’s weekend attack on Israel offset data showing China’s economy…

Best Crypto to Buy Now April 15

cryptonews.com CORE, NEO, PENDLE make the shortlist for best crypto to buy now. Image by cryptonews.com With cryptocurrency markets are choppy on Monday as traders weigh potentially easing…

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

abcnews.go.com Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary…

Charles Schwab revenue beats estimates on higher asset management fees

finance.yahoo.com Charles Schwab's first-quarter revenue exceeded Wall Street estimates on Monday, helped by a jump in asset management fees and client assets rising to a record high, sending…

What next for oil prices after Iran’s attack on Israel?

theguardian.com Investors are on high alert as they await Israel’s response to Iran’s attack. However, oil prices dropped on Monday even as Israel’s war cabinet met to discuss its response.…