Tag Archives: Bitcoin

(Bloomberg) — Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin. The U.S. General Services Administration typically uses its auctions to sell surplus federal equipment to the general public. With lot 4KQSCI21105001, which goes up for auction in a week, the government is offering an amount of Bitcoin worth about $38,000 at Monday’s… Source link

Bloomberg As IMF Talks Bog Down, Argentine Bonds Plunge Toward 30 Cents (Bloomberg) — Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar.The depressed price is, in fairness, partly the result of the basic mechanics of the securities — they carry artificially low interest rates and a generous grace period — but it also reflects a grim reality that’s setting in on creditors: The IMF deal that the country desperately needs is a long ways… Source link

Bloomberg As IMF Talks Bog Down, Argentine Bonds Plunge Toward 30 Cents (Bloomberg) — Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar.The depressed price is, in fairness, partly the result of the basic mechanics of the securities — they carry artificially low interest rates and a generous grace period — but it also reflects a grim reality that’s setting in on creditors: The IMF deal that the country desperately needs is a long ways… Source link

Bloomberg Haunted by 2008, China and U.S. Diverge on Stimulus Plans (Bloomberg) — The U.S. and China are pursuing divergent economic policies in the aftermath of the coronavirus recession in a role reversal from last time the world economy was recovering from a shock.One of the takeaways from the annual National People’s Congress under way in Beijing is a conservative growth goal, with a tighter fiscal-deficit target and restrained monetary settings. That’s a big contrast with Washington,… Source link

By Tom Wilson, Anna Irrera and Jessica DiNapoli LONDON/NEW YORK (Reuters) – When Elon Musk’s Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency. Yet there’s unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to risk balance sheets and reputations on a highly volatile and unpredictable asset that confounds… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

(Bloomberg) — Bitcoin rebounded from earlier losses amid a broader recovery in risk assets after a report showed the U.S. added more jobs than forecast last month. MicroStrategy Inc. bought more of the world’s largest cryptocurrency. The digital asset shed as much as 3.4% on Friday before trading little changed at about $48,150 as of 9:02 a.m. in New York. The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other tokens, slipped more than 4.7% before turning little… Source link

Jobs in the U.S. rose by 379,000 in February, far above the general consensus of 185,000 to 200,000 jobs, coming in much better than January or December’s report.  The U.S. added a revised 117,000 out of 105,000 expected jobs in January and lost a revised 306,000 jobs in December. In February the unemployment rate fell from 6.3% to 6.2%.  Related: Soaring Prices for Enjin, FLOW and Rarible Reveal Risks of ‘NFT Marketplace’ Tokens The positive report could create more volatility in the U.S…. Source link