Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia’s energy minister Prince Abdulaziz bin Salman thinks that the return of the oil mega-deal is “testament” that “hydrocarbons are here to stay”. His view, echoed by many in the oil sector, is why
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Bitcoin (BTC) price currently battles to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23. In an Oct. 24 market update, Capriole Investments founder Charles Edwards noted that after 7 months of consolidation, Bitcoin’s upward move melted the $32,000 resistance “like butter” and he
Major crypto exchanges recorded a net outflow on Oct. 24 as Bitcoin price briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign as traders move their assets away from the centralized platforms in anticipation of a price surge. According to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s prime minister, defence minister and army chief insisted on Monday that they were working “in close and full co-operation” as signs grew of discord over the course of the war with Hamas. Israel has
California legislators have proposed a new bill titled “Digital financial asset transaction kiosks,” calling for a cap on crypto ATM withdrawals of $1,000 per day in light of growing scams. Additionally, starting in 2025, the law would limit operators’ fees to $5 or 15% (whichever is higher). The bill, if approved, would come into effect on
Bitcoin (BTC) hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls face crunch BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp. The largest cryptocurrency saw its first weekly
Deteriorating levels of mental health among young Americans are increasingly well documented and a growing concern for parents, educators and medical professionals. But student housing architecture may be able to play a role in combatting the scourge. According to Mental Health America, rates of children’s visits to emergency departments due to deliberate self-harm soared 329%
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US said it was sending more advanced weapons systems to the Middle East and the Israeli military warned Lebanon to rein in the militant group Hizbollah, reflecting growing concerns that Israel’s war against Hamas
Bitcoin (BTC) had a good week with prices rising about 10% to reach the psychologically important level of $30,000. After the rally, the question troubling investors is whether the uptrend will continue or is time for a reversal to happen. Trading team Stockmoney Lizards recently said that Bitcoin may soon break above its overhead resistance
Lifestylevisuals | E+ | Getty Images The average 30-year fixed mortgage rate just hit 8% for the first time since 2000, putting housing financing costs at historically high levels. Given high prices and high interest rates, homebuyers must earn $114,627 to afford a median-priced house in the U.S., according to a recent report by Redfin,
Recently, a fraudulent priority withdrawal scam has surfaced, targeting FTX users. Sunil, an advocate for FTX, has utilized the social platform X (formerly known as Twitter) to caution FTX account holders about this phishing scheme and urges them to avoid clicking on any dubious links. Sunil’s message underscores the ever-evolving tactics employed by online scammers
Federal Reserve Bank of Cleveland President Loretta Mester said the U.S. central bank is close to wrapping up its aggressive tightening campaign if the economy evolves as expected. “Regardless of the decision made at our next meeting, if the economy evolves as anticipated, in my view, we are likely near or at a holding point
It looks as though Wall Street has given up on residential real estate. In 2021 and 2022, investor enthusiasm seemed to know no bounds. They poured billions into the area, eager to cash in on soaring rents. According to John Burns Research & Consulting, large landlords at the height of that boom bought almost 2.5%
Today’s housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it’s scaring off buyers and sellers alike. Prices were already high, driven by supercharged demand during the height of the Covid-19 pandemic. Now the popular 30-year fixed mortgage rate is at 8%, the
Maine is one step closer to realizing ambitions of a native offshore wind energy industry. The federal Bureau of Ocean Management on Thursday announced the findings of a study carried out in conjunction with the National Oceanic and Atmospheric Administration identifying 3.5 million square acres in the Gulf of Maine they believe to be suitable
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The long-awaited delivery of aid to the besieged Gaza Strip has been delayed by disagreements over how to ensure the supplies cannot be used by Hamas, according to three people familiar with the matter. US
Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close. BTC/USD 1-hour chart. Source: TradingView BTC price sets up weekly close showdown Data from Cointelegraph Markets Pro and TradingView captured new two-month BTC price highs of $30,233 on Bitstamp. The pair showed continued strength during the
A California-based company’s plan to sell up to $500 million of tax-exempt environmental improvement revenue bonds through the Indiana Finance Authority to build a garbage-to-jet fuel facility in Gary is on hold after the company’s bonds for a similar plant in Nevada went into default. Pleasanton, California-based Fulcrum BioEnergy sold about $290 million of environmental
Municipal market participants have had to get creative to manage the current market but should not get creative on the regulatory front, warned one of the market’s key Washington regulators. “Regulators often talk about when there is reduced issuance, this is where a lot of problematic deals come up,” said David Sanchez, head of the
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Joe Biden urged Congress on Thursday to approve a security package for Israel and Ukraine worth tens of billions of dollars, saying America needed to overcome its domestic divisions to protect two vital allies
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