The recent selloff in the major averages has raised concerns among investors, as the S & P 500 dropped over 1% on Monday afternoon. The increase in the CBOE Volatility Index, known as the market’s fear gauge, indicates a heightened level of uncertainty in the market. Several factors, including the escalating conflict in the Middle
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Over the past weekend, cryptocurrency trader Josh Olszewicz raised concerns about Bitcoin’s potential bearish reversal. He pointed out that the price of Bitcoin had fallen below the Kijun line, indicating a bearish trend. Despite the possibility of a price recovery, the trader highlighted a previous “triple top” structure that signals a bearish reversal. With Bitcoin
The State Board of Administration Finance Corp. in Florida is gearing up for a $1.5 billion taxable bond sale to bolster the state’s Hurricane Catastrophe Fund. Initially planning to issue five-, seven-, and 10-year maturities with $500 million in each tranche, the decision was made to only offer $500 million in five-year bonds and $1
Over 3,000 developers, startup founders, investors, and Web3 enthusiasts are expected to gather at the True ICON Hall in Bangkok, Thailand for the Southeast Asia Blockchain Week (SEABW) on April 22-28, 2024. With a week full of engaging events, workshops, and networking opportunities, SEABW aims to explore the evolving landscape of Web3 in the Southeast
The New York City Municipal Water Finance Authority is set to make its second issuance of the year in the municipal bond market. This issuance is valued at $450 million, with $400 million allocated for system improvements and $50 million for refunding. According to Andrew Rothbaum, who manages investor relations for the authority, the funds
Goldman Sachs saw a 3.3% increase in premarket trading after beating Wall Street’s first-quarter earnings expectations. The company posted earnings of $11.58 per share on revenue of $14.21 billion, which surpassed analysts’ predictions of $8.56 per share on revenue of $12.92 billion. The positive performance was fueled by strong results in trading and investment banking
In the midst of increased tensions in the Middle East and uncertainty surrounding Federal Reserve rate cuts, the U.S. dollar has managed to maintain its elevated position. The Dollar Index, which measures the dollar against a basket of other currencies, has seen a slight decline but remains near its highest levels since early November. Last
The recent events surrounding both U.S. interest rates and escalating conflict in the Middle East have had a significant impact on the currency markets. Last week, the dollar saw its biggest weekly gain since 2022, rising by 1.6% against a basket of major currencies. This surge was fueled by a surprising increase in U.S. inflation,
Goldman Sachs is set to release its first-quarter earnings, with Wall Street anticipating earnings of $8.56 per share and revenue of $12.92 billion. This information comes from LSEG, with additional insights revealing trading revenue expectations in fixed income and equities, as well as investment banking revenue projections. CEO David Solomon has faced challenges over the
Bitcoin (BTC), the leading cryptocurrency in terms of market capitalization, experienced a significant drop over the weekend, plunging to a low of $60,822 before partially recovering to around $64,438 at the time of writing. The exact reason behind the market crash is unclear, but there are suggestions that reduced liquidity may have contributed to the