Market Overview - Page 185

In the early months of the year, the dollar seemed to be trying to prove its right to remain the world’s main reserve currency, steadily adding against its major rivals amid talk of the end of its era. The dollar.

Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public. Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively.

Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly.

Stocks crept higher on Thursday following their weakest quarter in a year, while higher Treasury yields supported the dollar, as investors parsed the details of a $2 trillion U.S. government spending plan and hoped for strong jobs data later in.

Asia’s factories stepped up production in March as a solid recovery in global demand helped manufacturers move past the setbacks of the pandemic, although rising costs are creating new challenges for businesses in the region. A series of upbeat factory.

Contract chipmaker TSMC said on Thursday it plans to invest $100 billion over the next three years to increase capacity at its plants, days after Intel announced a $20 billion plan to expand its advanced chipmaking capacity. Taiwan Semiconductor Manufacturing.

Singapore’s stock market is staging a strong comeback. The benchmark Straits Times Index ended 2020 as the worst performer in Asia, losing 11.8% through the year. But the STI climbed around 12.2% so far this year, and has become one.

Family offices have grown in the U.S., but that segment remains lightly regulated — and that could be a problem for the financial industry, warned a former counsel at the Securities and Exchanges Commission. The risks posed by large family.

President Joe Biden unveiled a more than $2 trillion infrastructure package on Wednesday as his administration shifts its focus to bolstering the post-pandemic economy. The plan Biden outlined Wednesday includes roughly $2 trillion in spending over eight years and would.

Britain’s final GDP figures for Q4 were revised upwards, easing fears of a downturn in the economy during the pandemic’s last phase before vaccination began. The economy added 1.3%, although GDP previously estimated a gain of 1%. The recession for.

The US currency is developing an offensive, particularly pronounced in pairs with the yen and euro. In both cases, this is due to stricter yield management by national central banks compared to the Fed’s stance. With such a market reaction,.

Tesla just contributed to Bitcoin open source software. The car maker disclosed a bug in the open-source Bitcoin payment processor and wallet BTCPay Server, and it also helped the project’s team patch the flaw. The electric vehicle and renewables company.