Bitcoin’s (BTC) massive drop in May 2021 is among its worst monthly performances, according to data from Bybt. The decline has divided the crypto community, with long-term investors considering the fall as a buying opportunity while short-term traders are dumping their positions out of fear. Glassnode data suggests that long-term HODLers and miners are using
Month: May 2021
VSS Unity floats in microgravity at the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic Ark Invest’s space exploration ETF sold its last remaining shares of Virgin Galactic on Tuesday, as the firm completed its move away from one of the few publicly traded pure-play space stocks. Cathie Wood’s firm
In this article @LCO.4 @CL.1 Consumers pump gas at a Costco gasoline station on May 11, 2021, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty Images Gasoline prices are expected to be the highest for a Memorial Day weekend in seven years, and prices could stay elevated all summer, as Americans take to the
Of all the homes in the D.C. area that claim a connection to the Kennedy family, very few have as much non-Kennedy pedigree in their background as this one. During the time Jackie Kennedy lived there with her children in the wake of her husband’s assassination it was owned by W. Averell Harriman—former governor of
No-Mad | iStock | Getty Images More than 11 million Americans are behind on their rent and many could be pushed from their homes when the national eviction ban expires in June. The Centers for Disease Control and Prevention’s eviction moratorium, which has been in effect since September, will lift on June 30. Although the
Vermont’s $153.3 million sale of general obligation bonds in three series generated a nearly $30 million premium on top of that, state treasurer Beth Pearce said. Proceeds will fund new capital projects and refinance debt. The refunding portion generated more than $7.6 million of savings on a net present value basis, according to Pearce. “Investors
Investors are no longer falling over themselves to put money into US initial public offerings, reducing the chances that a company will be able to price their shares above expectations or enjoy a big share price “pop” on their first day of trading. New figures show the IPO market has cooled substantially since a red-hot
A Chinese economist and assistant director at the International Monetary Institute of Renmin University, Qu Qiang, has predicted that “We’re all going to die” if bitcoin becomes widely adopted as a currency. He foresees our society falling into “a death spiral of deflation,” noting that “the whole society is going to shrink and self-explode.” We’re
The Chicago Transit Authority heads into the market next week to refund $127 million of federal grant anticipation-backed bonds with positive rating news in tow. S&P Global Ratings lifted its outlook to positive from stable on a portion of the CTA’s grant-backed bonds being refunded, citing improving coverage ratios. S&P also moved the outlook to
Just as the cryptocurrency sector is constantly changing and evolving, the enterprise blockchain industry has been undergoing its fair share of developments lately. Most recently, enterprise blockchain solutions are shifting from private, closed networks to public, open systems. This has largely been made possible due to advances from the Ethereum network, which are ensuring better
An employee preps a John Deere & Co. excavator for sale at Martin Equipment in Rock Island, Illinois. Daniel Acker | Bloomberg | Getty Images With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way for further economic re-opening this summer. We used TipRanks
In this article BA GE ABNB F DLTR DG The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson | Getty Images Check out the companies making headlines in midday trading. Ford — The auto stock jumped 7.4% following an 8%
After four years of planning meetings, including over 100 community sessions, the multi-purpose campus for Google received unanimous approval this week from the San Jose City Council. The 80-acre site will bring 4,000 residential units plus 7.3 million square feet of office space. The office buildings are to provide space for an estimated 20,000 workers.
Eddie Valdivia and his wife Vanessa pose in front of their first house, which they purchased in October 2020 with the help of a VA loan. Eddie Valdivia, 34 and his wife, Vanessa, 36, workers at the Red Cross, bought their first house last October, right in the middle of the pandemic. It’s a three-bedroom,
There’s so much spare cash sloshing around U.S. funding markets that investors are choosing to park almost half a trillion dollars at the central bank — earning absolutely nothing. Usage of the Federal Reserve’s reverse repo facility — a mechanism that’s part of the central bank’s arsenal for helping to steer short-term interest rates —
Russia has agreed to release $500m in credit to Belarus and look to increase the number of flights between the two countries as the Kremlin doubled down on its support for Alexander Lukashenko after his forced landing of a passenger flight that has sparked western condemnation. Russian president Vladimir Putin hosted Lukashenko in Sochi on
Municipals were a touch firmer Friday with a few stronger high-grade prints clearing at levels to move triple-A benchmarks a basis point better while U.S. Treasuries were also a basis point or two lower ahead of what will be a low-issuance week to start the summer. All triple-A benchmark 10-year yields are now below 1%,
PRESS RELEASE MAY 28, 2021 05:00 EDT LOS ANGELES, May 28, 2021 (TheWealthyInvestor.net) – In an effort to make fast trading profits, many stock market traders are being distracted by cryptocurrencies and penny stocks. Seasoned stock market traders know that to be successful in the stock market takes time and strategy. It isn’t enough to
A US inflation measure closely watched by the Federal Reserve posted its biggest year-on-year jump since the 1990s in April, rising more than expected and fuelling concerns about price increases. The commerce department’s core personal consumption expenditure index, which strips out volatile food and energy costs, rose 3.1 per cent last month compared to a
Bitcoin (BTC) price continues to limp lower as traders in the U.S. hit the BBQ to enjoy the upcoming Memorial Day holiday on May 31 and regulated futures and options markets like the CME are closed through the weekend. Data from Cointelegraph Markets Pro and TradingView shows that after a brief attempt by Bitcoin (BTC)
For the purposes of historical comparison, it’s also worth noting that the pattern of the dominance chart currently looks much like it did during the earlier part of 2017. As the markets have gone into meltdown since May 12, Bitcoin (BTC) dominance has fluctuated dramatically, bucking 2021’s prevailing trend. Before the sell-off started in earnest,
What does a highly volatile asset class offer traders, beyond palpitations and the occasional heart attack? Opportunity. Nicole Wirick of Prosperity Wealth Strategies in Michigan summed it up for Forbes: “Market volatility is a normal part of investing and is to be expected in a portfolio. If markets went straight up, then investing would be
A butcher stocks a display case with packages of steaks at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Don’t tell Costco executives that inflation is low. The big-box club chain said it’s been seeing accelerating prices across a range of products, including shipping containers, aluminum foil and
A trader works on the floor of the New York Stock Exchange. NYSE May’s employment report is the big event in the week ahead, as stocks enter the often weak month of June. Stocks are finishing May with a mixed performance. Big cap indexes like the S&P 500 and Dow notched slight gains, while the
Everything is coming up roses (and peonies) for Courtney Sixx, who is the founder of Bouquet Box. This innovative subscription box is the perfect gift for anyone with an equal appreciation for flowers and DIY projects. Launched in February 2021, Bouquet Box was co-created with famed floral design house Mark’s Garden. It’s a truly innovative product that’s the
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at least $120 billion in bonds each month, a total that includes $40 billion in mortgage-backed
San Diego’s regional transportation planning agency introduced a $160 billion draft regional plan that hinges on high-density housing development along transit lines. The 30-year plan drafted by the 21-member board of the San Diego Association of Governments has the support of environmental and labor groups though it faces opposition from some Republicans and anti-tax groups.
The US has moved to punish Belarus for the forced landing of a Ryanair flight last weekend by announcing that it would reimpose sanctions on nine of the country’s state-owned companies and would join the EU in developing a list of additional targets. In a statement late on Friday, Jen Psaki, the White House press
Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360 million shares have already been traded, more than tripling its 30-day average. Shares have already
Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – The movie theater operator’s shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday’s session alone. AMC – popular among the so-called “meme” stocks – has more than doubled
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