Author: iannouncethis.com
Bitcoin is enjoying price spikes and increased trading volumes as Fidelity and others amend proposals while the market awaits an approval. The price of Bitcoin (BTC) hit $28,817 today in response to amendments to spot Bitcoin ETF applications submitted to the United States Securities and Exchange Commission (SEC). However, as of this writing, Bitcoin has fallen to $28,379 according to data from CoinMarketCap, a 4.3% increase over the last 7 days. The initial increase put Bitcoin at a new two-month record and a 7% weekly gain. Fidelity Amended its spot Bitcoin ETF Proposal On Tuesday, asset management giant Fidelity Investments submitted an amendment to…
Opposition MPs from across the political spectrum have slammed the government’s move to delay or scrap green policies. Former Labour Party leader Ed Miliband, Caroline Lucas of the Green Party, Gavin Newlands from the SNP, and Andrew Bridgen from the right wing Reclaim Party, were among MPs who gave the government a withering response in parliament, as part of a ‘Net Zero by 2050’ debate. Claire Coutinho, the Conservative Secretary of State for Energy Security and Net Zero, defended Rishi Sunak’s apparent green backpeddling, which included getting rid of the policy for landlords to up the Energy Performance Certificates of…
Adidas shares advanced on Wednesday as the apparel maker boosted its full-year guidance. Adidas shares ADS, +3.99% rose 4% as the company pre-released its third-quarter numbers, reporting a 27% decline in operating profit on a 6% fall in revenue. Adidas said its results were helped by selling its remaining Yeezy inventory, as well as a “better than expected” performance of its underlying business. Adidas said it’s now forecasting adjusted operating profit of around €100 million for the year, vs. previous guidance of break even, on a low-single digit decline in currency-neutral revenue, vs. a previous estimate of a mid-single-digit decline.…
Some people ready for retirement may wonder what happens to their Social Security benefits if they receive distributions from their retirement accounts. The simple answer is that income that you receive from your 401(k) or other qualified retirement plan does not affect the amount of the Social Security retirement benefit that you receive each month. However, you may be required to pay taxes on some of your benefits if your annual income, which includes your 401(k) distributions, exceeds a certain threshold. Key Takeaways Although you must start withdrawals from your 401(k) after age 72 (age 73 if you turned 72…
Daan Struyven, Goldman Sachs head of oil research, joins ‘Power Lunch’ to discuss trends in the oil market. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News…
When jinzhou bank, in north-eastern China, showed signs of distress at the start of the year, state media suggested that a billionaire named Li Hejun might be behind its problems. Mr Li, a solar-panel tycoon, was once China’s richest man. His firm was known to have tight links to the bank. And it was not long after word spread that he had been arrested that Jinzhou Bank suspended trading in its shares and told investors it would restructure its operations.Oddly, the bank’s finances look to have been in good shape. Its overall bad-debt level was low in the first half…
Bitcoin’s price was expected to hit somewhere between $50,000 and $73,000. The market became prey to fake news around ETF approval. The crypto market was buzzing with excitement over the likely approval of around half-a-dozen Bitcoin [BTC] spot ETF applications, in the hopes that it would spur the next wave of investments in the space and free it from the grip of the extended bear market. How much are 1,10,100 BTCs worth today? A new dawn of hope Notably, Ark Invest and 21Shares were the early movers when it came to filing for a spot Bitcoin ETF. The pair filed the application…
Searches for interest-only mortgages rose by 51% in the past month, signalling that more buyers are exploring using the product to ease affordability issues. That’s according to research from Legal & General Ignite, which registered the interest on its mortgage research and sourcing platform. Despite the apparent clamour for interest-only, lenders are only likely to consider applicants who have a solid repayment plan in place to pay off the capital at the end of the term. Similarly, applicants are also exploring shared ownership to deal with affordability issues, as the number of borrowers exploring these options rise by a third…
By Ian Walker and Joe Hoppe Rolls-Royce Holdings is set to cut 2,000-2,500 jobs worldwide as part of a transformation program and strategy review. The U.K.-based aircraft engine manufacturer, which announced the review plan in January, said Tuesday that the new structure will create a more agile business better able to serve customers, and help it improve its capabilities in areas such as procurement and supply-chain management. Rolls-Royce currently employs 42,000 people worldwide. Write to Ian Walker at ian.walker@wsj.com and Joe Hoppe at joseph.hoppe@wsj.com Source link
An exchange traded commodity (ETC) could be colloquially used to refer to a commodity ETF, but an ETC is actually a product name for a specific type of security. Source link