The recent market sell-off on Tuesday came as a surprise to many investors, especially after the strong rally that had been ongoing this year. This drop, where all three major indexes slid more than 1%, has led to concerns about whether it could signal the beginning of a larger downtrend. The first quarter saw the
The U.S. dollar has reached its highest level in nearly five months, signaling strength in the currency. This surge was attributed to the unexpected expansion in the manufacturing sector, which was last seen in September 2022. The robust performance in the manufacturing industry led to a significant increase in U.S. yields, notably the benchmark 10-year
The spring housing market has surprised many experts by defying expectations that prices would cool and competition would ease. Despite higher mortgage rates, which typically cool both prices and demand, the housing market remains hot. The lack of homes for sale is a major contributing factor to the high prices. The lock-in effect is preventing
The U.S. dollar experienced fluctuations on Tuesday as a result of the latest report indicating that U.S. job openings remained at elevated levels in February. This news led to the dollar hitting its highest point in almost five months. The Japanese yen also experienced some movements, with the dollar index reaching its peak since November
In a strategic move, private equity firm Silver Lake has announced its acquisition of entertainment company Endeavor Group Holdings for $27.50 a share. This acquisition will see Silver Lake taking full ownership by acquiring 100% of the shares it does not already own. With Endeavor being acquired at an equity value of $13 billion, this
TeraWulf Inc. recently provided an unaudited monthly production and operations update for March 2024, showcasing some key highlights. The company self-mined 379 bitcoin in March with an average production rate of 12.2 bitcoin per day. This is a significant achievement, but there is room for improvement in terms of production efficiency. One area that TeraWulf
Energy stocks could potentially be a lucrative trade this upcoming summer, as suggested by Robert Schein, chief investment officer at Blanke Schein Wealth Management. He believes that the current supply crunch due to geopolitical conflicts and shipping disruptions may lead to an increase in oil prices. This, in turn, could benefit shares of energy companies,
The recent decision by the Biden administration not to increase payments for private Medicare plans has had a significant impact on U.S. health insurers. Following the announcement, shares of several major health insurance companies took a hit on Tuesday. For instance, CVS Health experienced a decrease of more than 8%, while UnitedHealth Group saw its
DOGLNAUT, a new entrant in the crypto MEME token space on Solana, is set to disrupt the market with its innovative approach to fair launch and presale. In a landscape plagued by scams and rug pulls, DOGLNAUT stands out by prioritizing fairness and transparency. The upcoming presale, scheduled to commence on April 5 and conclude
In a groundbreaking collaboration, Avail, a blockchain solution focused on optimizing data availability for scalable applications, has partnered with dWallet Network to introduce programmable native Bitcoin to rollups within the Avail ecosystem. This partnership will revolutionize the way users interact with Bitcoin on secondary layers, allowing for the management of BTC while retaining ownership of