Bitcoin’s price has remained stagnant in the $60,000 to $70,000 range since March, and as June comes to a close, it is on track to record a 10% decrease in value, making it the worst month since April. Investors are cautiously optimistic, as July typically marks a strong month for bitcoin, with historical data showing
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Bank of America’s recommendation to buy shares of Viking, the luxury cruise company, may seem enticing at first glance, but upon closer inspection, it becomes evident that there are significant risks involved. While analyst Andrew Didora highlights Viking’s unique business model and high daily net per diems, he fails to address the potential challenges the
Bitcoin recently experienced a significant drop in value after surpassing the $71,000 mark, leading to a 14% decrease and falling below $60,000. Despite this, there is hope for a potential reversal in the near future as Bitcoin approaches the lower end of the sideways market channel. The $58,000 level has historically served as a strong
Governor Gavin Newsom recently delivered a State of the State speech that was criticized for not adequately addressing California’s challenges in light of tax revenue shortfalls. Instead of focusing on state policy issues, Newsom centered his speech around national politics and the California Dream. His speech, delivered to an empty Dodgers Stadium due to COVID-19
Nike CEO John Donahoe has been facing increasing scrutiny and criticism from Wall Street after the company reported a decline in sales for its current quarter, which was even worse than projected. In addition, the company expects sales to be down in fiscal year 2025, a significant deviation from previous expectations. This led to a
In a recent development, ChainwireApeChain, under the umbrella of ApeCoin DAO, has announced its integration with zkVerify, a zero-knowledge proof verification protocol developed by Horizen Labs. This integration on ApeChain’s Jenkins Testnet, known as the Arbitrum Orbit Chain, is expected to revolutionize Web3 gaming by providing efficient and low-cost zero-knowledge proof verification services. The primary
The Asian currency market saw most currencies keeping within a tight range on Friday as the dollar maintained near two-month highs. The strength of the dollar has caused the Japanese yen to weaken further beyond levels that were initially thought to trigger government intervention. Despite mixed inflation data and repeated warnings from the Japanese government,
The municipal bond market saw minimal changes on Thursday as the largest deals were priced, leading to a somewhat stagnant situation. U.S. Treasury yields experienced a decrease, while equities showed an uptick towards the end of the day. According to Refinitiv Municipal Market Data and ICE Data Services, the muni-to-Treasury ratios ranged from 66% to
The House Committee on Transportation and Infrastructure has raised concerns over the slow pace at which the Department of Transportation (DOT) is distributing Infrastructure Investment and Jobs Act (IIJA) funds. Despite receiving over $364 billion since the enactment of IIJA, the DOT has only obligated a little over half of the funds and outlaid a
The current landscape of Wall Street deals is showing signs of a comeback, with completed mergers and acquisitions up 16% in the second quarter compared to the previous year. This promising trend is expected to benefit a variety of asset managers, banks, and advisors, according to analyst Andrei Stadnik. The recent financials conference hosted by