In early European trade, the U.S. dollar experienced a slight dip, although it was still set to record its biggest weekly increase in over a month. This rise was attributed to diminishing hopes of a prompt Federal Reserve rate cut. The Dollar Index, which monitors the dollar against a basket of other currencies, saw a
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In a world where technology is constantly evolving, the gaming industry is no exception. PlayFi, an AI-powered data network and blockchain specifically tailored for the gaming industry, has recently announced its plan to conduct an exclusive node license presale on the Polygon PoS Network. This strategic move signifies PlayFi’s commitment to integrating blockchain technology into
The recent partnership between Multipool and Mobilum marks a significant shift in the blockchain and cryptocurrency industry. By enabling users to onboard onto cryptocurrencies without involving a centralized exchange, both companies are paving the way for a more decentralized and accessible DeFi ecosystem. This partnership not only benefits the users by providing a seamless entry
The municipal bond market experienced a significant sell-off, mirroring losses in U.S. Treasuries and equities. This correction comes as the summer reinvestment season approaches, with outflows from municipal bond mutual funds for the second consecutive week. Notably, high-yield bonds continued to perform well amidst the overall market decline. Analysts suggest that the primary reason behind
The sales of newly built homes in April saw a significant drop of 4.7% compared to March and a larger decrease of 7.7% from the prior year, according to the U.S. Census. This decline has been attributed to higher mortgage rates, which have been hindering potential buyers from entering the market. In March, the average
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, for alleged antitrust violations. The lawsuit alleges that Live Nation maintains a monopoly in the ticketing industry, which is said to harm fans, artists, smaller promoters, and venue operators. Attorney General Merrick Garland stated
In the world of artificial intelligence and chipmaking, Nvidia has been a standout performer. The company recently reported impressive earnings and revenue for its fiscal first quarter, surpassing estimates and issuing strong guidance for the future. This robust performance has led Wall Street analysts to turn more bullish on Nvidia, with many of them raising
In the current market landscape where the S & P 500 and the Nasdaq Composite are thriving, small-cap stocks have been overlooked. However, investors seeking income opportunities may find hidden gems within the Russell 2000 index. According to Jill Carey Hall, an equity strategist at Bank of America, a significant number of small-cap stocks now
Recent developments in the digital asset industry have caught the attention of analysts at JMP Securities. They believe that political tides are shifting in favor of digital assets, potentially serving as a significant catalyst for companies like Coinbase. Despite some reservations about the extent of this shift, analysts note positive momentum building around bipartisanship, particularly
The recent announcement by Comptroller Brad Lander regarding the NYC Employees’ Retirement System investing up to $60 million in affordable housing units has stirred up mixed emotions. While Lander emphasized the positive impact this investment would have on preserving over 35,000 units, there is still lingering skepticism due to the circumstances surrounding Signature Bank’s collapse.