Cash News (Bloomberg) — Bitcoin flirted with a run toward the landmark $100,000 level, buoyed by expectations of friendly US regulations and expanding investor interest courtesy of President-elect Donald Trump’s support for crypto. Most Read from Bloomberg The largest digital asset traded up 1.2% at $99,353 as of 3:55 p.m. Friday in New York after […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut has allowed some of its early investors to cash out at least $300mn as part of a share sale backed by wealthy Goldman Sachs clients, following a similar transaction that mainly enabled employees […]
CashNews.co Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The sell-off in US equities in early August showed that highly leveraged hedge funds operating in a low-liquidity environment could magnify market shocks, the Federal Reserve said on Friday. Financial markets fell sharply in […]
Cash News Many in the crypto community have been skeptical of Warsh due to his previous advocacy of CBDCs. Kevin Warsh is a contender for Treasury Secretary in president-elect Donald Trump’s administration. (Associated Press) Posted November 20, 2024 at 2:08 pm EST. The crypto community has not reacted well to reports indicating that former Federal […]
CashNews.co Image source: Getty Images The BP (LSE:BP) share price has fallen 17% since the start of the year. That might be a sign for investors that now is a good time to consider buying shares. In valuation terms, there’s plenty for investors to like and the stock looks unusually cheap. But there’s a lot […]
CashNews.co Several economists and climate finance experts agree that climate finance needs exceed $1 trillion. As Parties argue over a $1 trillion dollar commitment at COP29, developing countries express needs across mitigation, adaptation, and prevention of losses and damages due to climate change. Lending by multinational development banks needs to triple by 2030, says […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is on the hook to pay at least £100mn to cover the advisory fees of its creditors, in just one part of the mounting bill for lawyers and financial advisers facing the […]
Cash News A tentative proposal to tax cryptocurrency mining to raise funds for climate action took off during a United Nations climate conference that’s set to come to a close today. A levy on energy-hungry crypto mining, at $0.045 per kilowatt-hour (kWh) of electricity used, could generate $5.2 billion in revenue annually, according to a […]
CashNews.co This article was written by Follow Komal is passionate about finance and the stock market. She enjoys forecasting future market trends using a fundamental and technical approach with a focus on both short- and long-term horizons. She intends to provide unbiased analysis to assist investors in selecting the best investment strategies to stay ahead […]
CashNews.co (Bloomberg) — A gauge of French bond risk surged to its highest in a month as markets fret about the country’s budget negotiations and a looming review of its sovereign rating. Most Read from Bloomberg The premium investors demand to hold France’s debt over regional haven Germany has climbed every day this week and […]