Author: Charlotte

Lawmakers have reportedly struck an important agreement on the way toward finalizing new cryptocurrency legislation. As Punchbowl News reported Friday (May 1), Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have reached a compromise to restrict stablecoin yield and rewards, a key development as the Senate plans a crypto markup later this month. A copy of the agreement obtained by the news outlet includes new language for the so-called CLARITY Act establishing requirements for crypto companies to offer stablecoin rewards.  Among the requirements is a ban on rewards offered “in a manner that is economically or functionally equivalent to the…

A Better Use For The Money: Why We Exited XBI Investor’s Business Daily Source link

Vladimir Putin is losing the Russian people as the economy and his war machine go in reverse amid withering Ukrainian attacks. On the economic front, Putin himself recently revealed that GDP contracted in the first two months of the year. And on the Ukraine front, Russian forces suffered a net loss of territory last month for the first time since 2024. After Russia launched a sudden invasion in 2022, Putin has not only failed to defeat Ukraine, his forces have been unable to take full control of the Donetsk region. “The overall mood is that’s enough already; you’ve been fighting…

Are you looking for relatively safe debt funds to invest for a few years? You can consider investing in Banking & PSU debt funds as these schemes have the mandate to invest at least 80% of their corpus in debt investments of banks, public sector undertakings, and public financial institutions.Mutual fund advisors say banking & PSU debt schemes are ‘relatively’ safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they don’t have the credit risk.Also Read | Planning retirement at 42 with Rs 30 lakh? Here…

Aberdeen Investments has appointed Marianne Zangerl as global head of multi-asset and alternative investment solutions, succeeding Darren Wolf. Zangerl has been with the Aberdeen investment team for more than a decade, previously serving as deputy global head of fixed income, head of ESG fixed income, and a private credit investment director. Before joining Aberdeen, she served as a senior analyst and manager at corporate bank ANZ. Zangerl will report to Peter Branner, chief investment officer in her new role. She will be supported by the broader multi-asset and alternatives team, including portfolio managers Nalaka De Silva, Katie Trowsdale, Christopher Carlton and Max Macmillan.…

By Nico Rosti, MRM Research CATL (3750 HK) stock dropped nearly 7% on Tuesday, April 28, after announcing a massive (62.4M) share placement at a discount. CATL (300750 CH) fell only 1.66%. Quantitative DAILY model analysis of CATL (300750 CH) identifying short-term support targets and projected price action for the next trading sessions. We expect a rebound on Wednesday/Thursday, support around 420 looks statistically quite solid, according to our model. By Gaudenz Schneider Contemporary Amperex Technology (CATL) (3750 HK) discounted H-share placement triggered a sharp drop, but the capital raise appears opportunistic rather than defensive, funding global expansion and zero-carbon…

## Market Snapshot In the “Bitcoin Future Price Predictions” market, the probability of Bitcoin reaching $200,000 by December 31, 2026, is currently priced at 4% YES, unchanged from prior days. In the “Bitcoin Price Predictions for May 4” market, the probability of Bitcoin being above $66,000 is nearly certain at 99.9% YES. ## Key Takeaways – The endorsement by a high-ranking US official appears to reflect increased governmental interest in Bitcoin as a strategic tool. – Market pricing suggests that while the long-term impact on Bitcoin’s price could be significant, the immediate short-term effects are likely limited. – The integration…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

The Federal Reserve announced on Wednesday it will reduce interest rates by a quarter of a percentage point for a third straight time, a win for President Donald Trump despite a more-than-complicated economic picture facing the nation.The decision came during the central bank’s final meeting of the year. The Fed previously cut rates in October by a quarter point, a move that economists remain divided on, given that inflation remains around 3% Job growth in 2025 has been weak, and the Fed remains in a tricky situation. It typically aims to keep inflation under 2%, in part by raising interest…

A former care home in Dudley is set to be converted into self-contained flats for adults with mental health issues. The site, on Wellington Road, is currently vacant but previously provided accommodation in 33 bedrooms in a two-story detached building. Dudley Council planners have given the go-ahead for a change of use to convert the building into 15-self contained units, communal rooms and offices to provide a supported living facility. A statement from Anjum Designs Ltd in support of the application said: “The bulk of the proposed is an internal reconfiguration, with no external changes to the exterior of the…