Bitcoin (BTC) hit a new 52-week high on June 23, indicating that the bulls are on fire. Buyers managed to hold on to much of the gains made over the week, signaling that they are in no rush to make a profit. Bitcoin has climbed 16% this week, outperforming the S&P 500 index, which has … Read more
A revitalized stock market rally in 2023 finally fizzled out last week. And it could take some time to get back on track in the face of dwindling market liquidity and signs that a wave of buying fueled by “fear of missing out” has largely run its course. “We don’t think the rally is over, … Read more
Once FedEx vans reach the end of their package delivery life, they are resold and reused for a variety of purposes. Many of them are turned into food trucks, as their size and square shape are perfect for mobile kitchens. However, FedEx is facing legal action for selling such vans as it is accused of … Read more
Gen Z is showing startling confidence about retirement, according to a recent survey. Not only do Zoomers think they will retire at age 60 on average, according to the Northwestern Mutual survey, but 2 in 5 also expect to live to be 100. They also expect to only need $1.2 million to fund this 40-year … Read more
SpaceX’s spacecraft sits atop its Super Heavy Booster before the launch vehicle’s first test flight in April 2023. Image: SpaceX. SpaceX will need another six weeks to complete the implementation of hundreds of modifications to its Super Heavy-Starship rocket and the gargantuan booster’s Texas launch pad before it’s ready for a second attempt to reach … Read more
Shutterstock Realtor.com has reviewed its previous housing forecast and now expects lower prices and rents. But the downward revision to the 2023 outlook does not signal a major wave of relief. “Home costs are still going to be higher for buyers in 2023 because declines in home prices are very mild and not universal.” Realtor.com … Read more
The price of Bitcoin (BTC) surged to over $31,400 on Friday, hitting its highest level since 2022, fueled by growing institutional interest in the young cryptocurrency. Although Bitcoin briefly pulled back, it managed to maintain a trade value above $30,000 for the first time since April. This price level has proven to be an important … Read more
The directory Amazon Prime Day event runs July 11-12but many of the best deals are already available, if you’re an Amazon Prime member. Uh Oh, Amazon bought your favorite robot company Amazon Prime Day was created for a reason, to get people to register as Amazon Prime subscribers. But the mini-vacation, launched in 2015, has … Read more
new York CNN — Central bankers around the world are sending out a message: slow and steady will not win the race against inflation. “If we don’t raise rates now, high inflation may stay with us for longer,” Bank of England Governor Andrew Bailey said after unexpectedly raising interest rates by a quarter. half a … Read more
(Bloomberg) – The bond market is finally in sync with Jerome Powell’s economic outlook. Bloomberg’s Most Read Traders abandoned once-aggressive bets that the Federal Reserve chief would shift to easing policy before the end of this year, reflecting deeply diminished expectations that central bank rate hikes are about to unfold. trigger a deep recession. Bond … Read more
