Tag: FX

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The Thursday Market MinuteGlobal stocks retreat from record highs as a surprisingly hawkish Fed meeting tees-up the prospect of near-term tapering and earlier-than-expected rate hikes.Fed Chair Jerome Powell says taper talk will now take place at each future meeting, but vowed to signal changes to the $120 billion pace of monthly purchases, as the economy…

Share to FacebookShare to TwitterShare to LinkedinTopline The Biden Administration on Friday announced plans for how it will redirect billions of dollars former President Donald Trump diverted from the military’s budget to build sections of a wall along the U.S.-Mexico border—another step taken by Biden to dismantle a key pillar of Trump’s legacy and fulfill…

Share to FacebookShare to TwitterShare to LinkedinTopline El Salvador has become the first country in the world to formally adopt cryptocurrency after its Congress voted overwhelmingly to approve a law classifying Bitcoin as legal tender, President Nayib Bukele said Wednesday, an initiative he hopes will boost foreign investment, improve financial inclusion and generate jobs.  Salvadoran…

El Salvador president Nayib Bukele announced at the Bitcoin 2021 conference a proposal to make bitcoin legal tender in the Central American country. (Photo by Emerson Flores/APHOTOGRAFIA/Getty Images) Getty Images On June 5, at a conference in Miami, El Salvador President Nayib Bukele announced that the Central American country is in the process of adopting…

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Share to FacebookShare to TwitterShare to LinkedinTesla TSLA billionaire Elon Musk, after helping the bitcoin price reach never-before-seen highs this year with a $1.5 billion bet on bitcoin, appears to have abandoned the cryptocurrency for ethereum and the meme-based dogecoin. “I pretty much agree with Vitalik,” Musk posted to Twitter this week, replying to a…

Share to FacebookShare to TwitterShare to LinkedinTopline As states throughout the U.S. launch campaigns to try and convince residents to get the Covid-19 vaccine— with million dollar lotteries, college scholarships, free beer, and amusement park tickets topping the list — West Virginia has come up with a lottery scheme all its own: giving the newly-vaccinated the…