The Securities and Exchange Commission's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing.Ark Invest CEO and Chief Investment Officer Cathie Wood is behind one of the new ETFs. Her firm partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF."We really believe...
Category: Finance
Deflation: Here’s where prices fell in December 2023, in one chart
Extreme-photographer | E+ | Getty ImagesAs inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation.In other words: Americans are seeing prices decline for certain items.Those pullbacks have largely been among physical goods rather than services, economists said.Demand for goods soared early...
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed
Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank's reorganization came in far higher than disclosed by the...
China investors will be asking these 3 questions in 2024
CHONGQING, CHINA - JANUARY 02: People visit the 2nd International Light and Shadow Art Festival at the Fine Arts Park on January 2, 2024 in Chongqing, China. The 2nd International Light and Shadow Art Festival runs from December 29 to January 7. (Photo by VCG/VCG via Getty Images)Vcg | Visual...
Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high
It's a level not seen since George W. Bush was president.Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest level since May 2001.A major part of his thesis is built on the economy's strength and resiliency."I don't think...