Bitcoin Price Approaches $78K Amid Ongoing Bullish Momentum
Bitcoin’s price rose beyond $77,500 due to increased holdings by Strategy and positive optimism in the financial markets. According to CMC data, bitcoin has
Stocks
Investing
US dollar firms near weekly peak on Iran truce scepticism, strong data
The US dollar steadied near a one-week high in early Asian trade on Wednesday as investors raised fresh doubts about the durability of
Investing
Pound steady as Middle East uncertainty clouds inflation outlook
The British pound was little changed on Wednesday as markets continued to assess uncertainty surrounding the Middle East conflict. The muted movement came
Economy
Corie Barry to step down as Best Buy names Jason Bonfig CEO
Best Buy has announced a leadership transition, naming Jason Bonfig as its next chief executive officer, replacing Corie Barry later this year. The
Economy
Robinhood fund takes $75M stake in OpenAI
Robinhood’s proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced on Wednesday. The
Economy
Dow Jones jumps 417 pts as Trump extends Iran ceasefire
US stock indices moved higher on Wednesday after President Donald Trump extended the ceasefire with Iran, even as uncertainty persisted over the durability
Economy
Economists push back Fed rate cut bets amid rising energy prices
The US Federal Reserve is likely to wait at least six months before cutting interest rates this year, as inflation pressures persist, according
Economy
Analysis: Why jet fuel is the biggest oil market crisis now
The war in Iran and the resulting closure of the Strait of Hormuz have created an acute shortage in the oil market. But,
Stocks
Strategy Surpasses 800K BTC as $2.5B Bitcoin Buying Spree Continues
Like a few others, Strategy’s most recent purchase has been mostly funded via Stretch (STRC), the firm’s perpetual preferred security. Strategy purchased 34,164
Investing
Strait of Hormuz war poses risk to US dollar, FX markets
The ongoing closure of the Strait of Hormuz, following seven turbulent weeks of war, has amplified global economic uncertainty, with a new analysis