Treasury Calls For Crypto Transfers Over $10,000 Reported To IRS
The U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of at least…
Category: World
Bitcoin’s Wild Price Moves Stem From Its Design — You’ll Need Strong Nerves To Trade It
So you want to play in crypto and become a millionaire overnight? Brace yourself for more days like Wednesday. Bitcoin plunged as…
Cathie Wood Buys More Coinbase Amid Crypto Plunge
Ark Invest’s Cathie Wood is buying more shares of Coinbase amid the spiral in crypto prices. The Ark Invest founder purchased $38…
UBS Upgrades Chipotle To Buy, Says Stock Can Jump 30% From Here
Chipotle Mexican Grill should benefit from the economic reopening while also holding on to increased digital sales from the pandemic, UBS…
Dogecoin Jumps After Elon Musk Tweet Fans More Wild Cryptocurrency Trading
The price of dogecoin spiked Thursday morning after Tesla CEO Elon Musk mentioned the coin on Twitter, adding another chapter to the…
JPMorgan Chase Launches New Health-Care Business After Winding Down Amazon-Berkshire Venture
JPMorgan Chase is going it alone. After the health-care joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded…
As Bitcoin Lurches, Wall Street Plots Its Way Into Cryptoland
CRYPTO BUFFS have had a punishing week. On May 13th Tether, which issues a “stablecoin” widely used to facilitate bitcoin…
UK Pubs And Restaurants Enjoy ‘Ringing Tills’ After COVID Rules Relax
Spending at British pubs and restaurants has surged since coronavirus rules were relaxed on Monday to allow people to eat…
Sterling Edges Up Against Easing U.S. Dollar
Sterling edged up against the dollar on Thursday, trading above the $1.41 mark as analysts remained positive on the currency’s…
Now What Does Bitcoin Say About The Dollar And The US?
Overview: A setback in commodities and technology are roiling equity markets today. The inability of US equities to sustain yesterday’s rally…
Dollar Advances As Fed Minutes Open Door To Future Taper Talks
The dollar gained ground on Wednesday, snapping a four-day losing streak and bouncing off a multi-month low following the release…
Inflation Near 50% Puts Argentina On Path That Failed Before
Argentina’s new ban on exports of its famed beef won’t quell runaway inflation if previous interventions are any guide. With…
The Reinvention Of Canary Wharf
A splashy science campus is set to rise on a site once tagged for Deutsche Bank AG’s London headquarters. A construction blitz…
Bitcoin Struggles For Footing On Worries Over China, Leverage
Bitcoin regained some ground on Thursday from the previous session’s brutal slide to four-month lows but was weighed down by…
Nigeria, Others To Receive Fresh $150b From World Bank
The International Finance Corporation (IFC) said on Wednesday it was investing $2 billion to support small businesses in Africa and…
CDC expects Covid vaccine data on pregnant women this summer and on kids under 12 in the fall
Centers for Disease Control and Prevention officials said Wednesday they are expecting data from trials testing Covid-19 vaccines on pregnant…
Ford to halt production of F-150, Bronco Sport and other vehicles due to chip shortage
DETROIT – Ford Motor will halt or cut production at eight North American plants for varying periods of time through June due…
Bill Miller Isn’t Fazed By The Bitcoin Drop And Says The Volatility Is ‘Pretty Routine’
Longtime bitcoin bull and big holder Bill Miller on Wednesday downplayed the cryptocurrency’s recent wild trading action. “If I liked something…
Crypto And Market Volatility Got You Rattled? These Stocks Are A Smooth Ride
Volatility in the cryptocurrency and stock market is spooking investors but a handful of stocks could offer solid returns without…
Netanyahu Determined To Carry On With Gaza Military Offensive Despite Pressure For Cease-Fire
Israeli Prime Minister Benjamin Netanyahu on Wednesday said he was determined to continue the bombardment of Gaza, after U.S. President Joe Biden called for…
Lumber Futures Swing 10% In Wild Session As Speculative Frenzy Ends
Lumber futures gyrated in wild trading on Wednesday as traders struggled to determine if a recent pullback in wood prices…
Sterling Shrugs At Rising Inflation, Hovers Below $1.42
Sterling turned slightly lower against a recovering dollar and hit its lowest in more than a week against the euro on Wednesday, after data…
Crypto Tumble Wipes US$600 Billion Off Digital Tokens In A Week
Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom. The value of more…
Cathie Wood, Still A Bitcoin Believer, Sees It Going To US$500,000
Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped US$500 billion from…
Bitcoin’s Plunge Intensifies, Tanks 30% To $30,000 In Single Day Amid Broad Cryptocurrency Sell-Off
Plunged to near $30,000, continuing a major sell-off that began a week ago. The digital currency was down more than…
China Will Need To Give Up FX Controls Eventually, PBOC Official Says
BC-China-Will-Need-to-Give-Up-FX-Controls-Eventually-PBOC-Official-Says , Bloomberg News (Bloomberg) — China has to give up its control over the currency’s exchange rate eventually if…
Big Institutional Investors Are Dumping Bitcoin And Going Back Into Gold, JPMorgan Says
Institutional investors are dumping bitcoin in favor of gold, reversing a recent trend that’s played out over the last two…
UK’ll Deny Visas To Nigerians Who Disrupt 2023 Polls – British High Commissioner
BRITISH High Commissioner to Nigeria, Catriona Laing, has said the United Kingdom, UK, would deny visas to Nigerians who disrupt…
Boris Johnson Fleshes Out Plans To ‘Level Up’ Prosperity In U.K.
Prime Minister Boris Johnson attempted to refocus attention on his “leveling up” agenda by unveiling plans to modernize Britain’s high…
Canadian Exporters Rejig Currency Hedges As Commodities Boom
Canadian exporters are adjusting their currency hedges and buying the loonie at stronger levels, in a sign market players are…