The Pentagon recently revealed the first set of victors in the rocket launch contract challenge, with Jeff Bezos’ Blue Origin securing a position for the first time. This triumph for Blue Origin was part of the contracts distributed as part of the Pentagon’s National Security Space Launch program, which is valued at $5.6 billion. Along
On Friday, KBW analyst David Konrad upgraded Bank of America to outperform, citing a strong net interest income forecast. This upgrade comes as Konrad believes the bank could be reaching an inflection point that will drive the stock higher. The price target was raised to $46 per share from $37, implying a 17% upside from
Political turmoil can have a significant impact on currency exchange rates, as seen in the recent fluctuations in the U.S. dollar and euro. This article will analyze how political events can influence the value of currencies and what investors can expect in the coming weeks. The U.S. dollar slipped marginally on Friday, while the Dollar
The Bitcoin price remained relatively stagnant in Asian trade on Friday, while the broader cryptocurrency market saw a retreat. This movement came as traders shifted their focus towards the US dollar in anticipation of fewer interest rate cuts by the Federal Reserve. Despite the progress towards a spot Ether exchange-traded fund, sentiment towards cryptocurrency markets
The municipal bond market showed signs of strength on Thursday, with firmer municipals following a robust U.S. Treasury session. Equities, however, closed with mixed results. Triple-A yields experienced a decline of one to five basis points, while USTs saw gains of seven to nine basis points. This movement led to a slight increase in muni
As bitcoin continues to grapple with the $70,000 level, signs of miner capitulation are beginning to surface. CryptoQuant data reveals that the flow of bitcoin leaving miners’ wallets for exchanges hit a two-month high recently, signaling a significant selling event. This trend was further emphasized by the largest daily volume of miner selling through over-the-counter
House Republicans recently accused the California Public Employees’ Retirement System (CalPERS) of being part of a “climate cartel” that colludes with other investors to push companies to reduce their carbon footprint. The Republicans alleged that institutional investors like CalPERS, Blackrock, Vanguard, and State Street Global Advisors violated antitrust laws by working together to fight climate
Bitcoin price remained stable on Thursday amidst a volatile session, mainly due to the Federal Reserve’s forecast of high interest rates for a longer duration. Despite signs pointing towards a cooling near-term inflation, the world’s biggest cryptocurrency experienced minimal movement, rising only by 0.4% in the past 24 hours. The Federal Reserve’s announcement of the
The U.S. dollar experienced a decline amidst a backdrop of conflicting factors including benign U.S. inflation and a more hawkish stance from the Federal Reserve. The Dollar Index, which monitors the performance of the greenback against a basket of six other currencies, was down by 0.3% at 104.340 as of 04:25 ET (08:25 GMT). Despite
Revolut, the British financial technology firm, has recently made a significant announcement regarding its future plans. The company revealed that it will be relocating its official headquarters in London to Canary Wharf, the city’s major financial district. This move signifies a strategic decision to position Revolut at the heart of the financial industry in London.