Market Overview - Page 318

Crypto fund manager Grayscale Investments has managed to increase its assets under management by another $1 billion in less than two weeks. According to an update posted to Grayscale’s Twitter account on July 28, the investment firm currently has $5.1.

The gold market is “very strong” and could hit $3,500 in two years, one analyst told CNBC this week. Prices have surged and reached record highs on Monday amid worries over the coronavirus pandemic and tensions between the U.S. and.

The threat of inflation is much higher now than after the global financial crisis of 2008-2009. In July, price data repeatedly exceeded expectations. Today, this evidence was confirmed by Australian CPI and German Import Prices. In previous weeks, the inflation.

Today, Federal Reserve will publish the results of the two-day scheduled meeting, with Chairman Powell delivering a press conference 30 minutes afterwards. No changes in the rate or stimulus programs are expected. However, it will be a crucial meeting for.

Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year. The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on.

Oil prices climbed on Wednesday after a surprise drop in U.S. crude inventories was enough to offset concerns about U.S. fuel demand amid record increases in COVID-19 infections in some states. Brent crude futures were up by 18 cents, or.

Bitcoin’s price is at its 11-month high as volatility bounces back up. Meanwhile, ether’s dominance has spiked on continued growth in decentralized finance (DeFi). The price of bitcoin hit another 2020 high Tuesday, reaching $11,422 on spot exchanges like Coinbase..

The U.S. housing market showed signs of slowing in May. While home prices kept rising, they did so at a slower pace than they did in April. This is likely due to the brief but sharp slowdown in home sales.

Apple was the fastest-growing smartphone maker in China in the second quarter, according to research data, which showed that the iPhone maker bucked the overall decline in the world’s second-largest economy. The cheaper iPhone SE and the popularity of the.

Hong Kong is on the cusp of a large-scale coronavirus outbreak that may overload its health-care facilities and cost lives, Chief Executive Carrie Lam said on Wednesday as new social distancing measures took effect. In a prerecorded video address late.

Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency. With Congress.

Turkey’s lira fell to a fresh record low against the euro on Tuesday, extending losses from the previous session, as investors worry about the country’s dwindling foreign exchange reserves, growing foreign-denominated debt, central bank intervention and potential sanctions from the.