Bitcoin has rallied nearly 70% so far this year — and industry insiders who spoke to CNBC remain bullish, with one saying the world’s biggest cryptocurrency could reach new heights. Marshall Beard, chief strategy officer at U.S.-headquartered cryptocurrency exchange Gemini, said $100,000 could be a possibility for bitcoin. Part of the industry’s positive view on … Read more
The Fed is expected to raise its benchmark rate. Google releases its AI product Bard for testing. Nike sees momentum in China after a Covid-driven slump. Here are the most important news items that investors need to start their trading day: Decision day is here. Will the Federal Reserve raise its benchmark rate by another … Read more
Here are the most important news items that investors need to start their trading day: 1. Relief rally UBS’ “shotgun wedding” with Credit Suisse might have done the trick, at least for now, as U.S. equities markets rallied Monday following the latest moves to shore up the global banking system. Now, Wall Street’s focus is … Read more
The global automotive industry is in transition, as consumers increasingly shun internal-combustion-engine vehicles for electric ones. It means EVs are grabbing a bigger slice of the global auto market, according to French investment bank Societe Generale , with one-third of cars sold in China now electric. The “sharp acceleration” in EV take-up in Europe has … Read more
Cryptocurrencies stood out this week as bank shares tumbled and the global liquidity crisis rocked the stock market. For the week ending March 17, bitcoin finished higher by 34%, making it the cryptocurrency’s best week since January 2021 — which marked the start of the institution-led bull run that year. Coin Metrics measures a week … Read more
Ronnie Kaufman | DigitalVision | Getty Images If you turned 72 in 2022, the last chance for your first mandatory retirement plan withdrawal is April 1 — or you may face a hefty tax penalty. Generally, you must begin these yearly withdrawals, known as required minimum distributions, or RMDs, by a specific age. Prior to … Read more
Credit Suisse is currently undergoing a massive strategic overhaul in a bid to address chronic issues. The stock has been in persistent decline since the crisis, against the backdrop of investment banking underperformance and a litany of scandals and risk management failures. On Wednesday evening, Credit Suisse announced that it would exercise its option to … Read more
“As I have said consistently over many years now, it is for governments to make policy and enact legislation, and not for companies, including asset managers, to be the environmental police,” BlackRock CEO Larry Fink said in his annual letter to investors, published Wednesday. Fink has become a target for Republican lawmakers who view environmental, … Read more
Markets fell as the banking sector suffered more losses. Federal authorities are probing the collapse of Silicon Valley Bank. Diamond Sports files for bankruptcy protection. Here are the most important news items that investors need to start their trading day: So much for that rebound. After bank stocks helped lead a Tuesday turnaround on Wall … Read more