The cryptocurrency market is abuzz with speculation as Ether experiences its largest two-day gain in nearly two years. The surge in price comes amidst discussions surrounding the approval of U.S. spot exchange-traded funds (ETFs) that track the world’s second-largest cryptocurrency. Ether, the native token of the Ethereum blockchain network, has soared by 8% to reach
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Nvidia is a major player in the semiconductor industry, with a hefty 21% weighting in the VanEck Semiconductor ETF. The company has seen significant growth in the past year, driven by the increased demand for artificial intelligence technology. However, this success has led to “over-ownership” of Nvidia in the market, with over 500 different ETFs
Lowe’s recently released its quarterly earnings report, surpassing Wall Street’s expectations in both earnings per share and revenue. Despite a decrease in sales from the previous year, the home improvement retailer managed to outperform forecasts, unlike its competitor Home Depot. In the three-month period ending on May 3, Lowe’s reported a net income of $1.76
Hong Kong-based crypto custodian Hex Trust Group has recently introduced its native decentralized stablecoin, USDX, on the Flare blockchain. This stablecoin is backed 1:1 by the U.S. dollar and serves as a DeFi primitive on Flare, offering various financial opportunities to users. Unlike centralized stablecoins such as USDC and USDT, which are backed by real-world
The dollar maintained its firm position on Tuesday, with the yen struggling on the weaker side of the 156 level. Despite this, trade remained mostly rangebound as investors stuck to their views on the expected timing and extent of Federal Reserve rate cuts this year. Against the yen, the dollar saw a 0.11% rise to
China’s recent policies to boost the real estate market have been met with mixed reactions from analysts. Despite the government’s efforts, experts believe that these initiatives will take time to yield concrete results. S&P remains cautious about the situation, stating that the property market is still in search of a stable foundation. Edward Chan, director
Homeowners are continuously looking for ways to increase the value of their homes, especially with the spring housing market heating up. While the frenzy of home renovation activity may have calmed down slightly compared to the pandemic era, there are still certain projects that offer the highest return on investment. According to the 2024 Cost
After much deliberation and negotiation, Virginia’s two-year, $188 billion budget has finally been officially approved. This resolution was made possible with the help of compromise and a stronger than expected tax collection season. Governor Glenn Youngkin emphasized the role of the labor market and business investments in driving record revenues for the Commonwealth. The approval
The Municipal Forum of New York recently held their 33rd annual awards and leadership fellows fundraising dinner to honor industry leaders and veterans in the field. Among the recipients were Marjorie Henning, Albert Simons, and Jacques Jiha, each recognized for their outstanding contributions to the community and their respective fields. Marjorie Henning, the retired deputy
The recent news of Red Lobster filing for Chapter 11 bankruptcy protection serves as a stark reminder of the challenges faced by even well-established restaurant chains. With a staggering debt load and long-term leases weighing the company down, Red Lobster has been forced to take drastic measures to stay afloat. The seafood chain’s decision to