Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
The blame this time can't be laid on macro jitters, as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.
Institutional demand for crypto spiked in second quarter of 2024
Goldman Sachs has bet heavily on BlackRock’s iShares Bitcoin Trust, which has garnered significant institutional interest from Wall Street.
US corporate bond spreads recover on promising economic data
U.S. corporate bond spreads, the premium over Treasuries that companies pay for debt, are starting to recoup some lost ground after recent strong economic data increased hopes for interest rate cuts and calmed recession fears. Junk bond spreads finished Wednesday at 346 bps, also 3 bps tighter this week, according to the ICE BofA High Yield Index.
Oil Halts Two-Day Drop on Iran Tensions, Strong US Retail Sales
(Bloomberg) -- Oil pushed higher after a two-day drop as jitters surrounding a potential Iranian attack on Israel and a strong US economic reading overshadowed persistent demand fears.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitWest Texas Interme
Why JD.com Stock Is Up Today
Shares of China's second-biggest e-commerce company continue to solidify their recovery move.
Mars Credit Rating May Be Cut by Moody’s, S&P on Kellanova Deal
(Bloomberg) -- Moody’s Ratings and S&P Global Ratings may cut Mars Inc.’s credit grades after the candy maker agreed to buy Kellanova for about $36 billion, including debt. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitMars’ A1 unsecured ratings we
Top Fed official says he’s open to a rate cut in September because the central bank can’t ‘afford to be late’
Atlanta Fed President Raphael Bostic said waiting to cut rates is risky.
Barbara Corcoran: Buy a home now; don’t wait for a Fed rate cut
The self-made millionaire sees home prices rising once mortgage rates fall further.
Bored Ape Yacht Club leads daily NFT sales, ending DMarket’s streak
The Bored Ape Yacht Club collection topped the NFT market with significant sales, outperforming other collections and blockchains.
Peru’s Economic Recovery Stalls in June as Growth Comes in Below All Forecasts
(Bloomberg) -- Peru’s economic recovery suddenly stalled in June, as the economy barely grew after two months of beating expectations. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitThe economic activity index, a proxy for gross domestic product, ro
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