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Cryptocurrencies

“Bitcoin fails to rally with stocks as $940 million of the crypto is pulled from exchange favored by institutions”

“On Tuesday some 48,000 bitcoins moved off Coinbase Pro, a favored exchange among institutional investors, according to data provider CryptoQuant. The outflow was the biggest among crypto exchanges since crypto’s big crash in June of this year and the second-largest of all… Continue Reading…

Economy

“‘Bad situation’: Soaring US dollar spreads pain worldwide”

“The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money… Around… Continue Reading…

Real Estate

“Home asking prices tumble at record pace as mortgage rates surge: data”

“Home sellers are slashing their asking prices at a record clip as surging mortgage rates drive a downturn in the US housing market, according to a recent report from real estate firm Redfin. About 7.9% of home listings reported price drops during… Continue Reading…

Economy

“Forecast for US Recession Within Year Hits 100%…”

“The latest recession probability models by Bloomberg economists Anna Wong and Eliza Winger forecast a higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period… Continue Reading…

Real Estate

“Mortgage Rates in US Surge to 20-Year High, Reaching 6.92%”

“…The average for a 30-year, fixed loan climbed to 6.92% from 6.66% last week, Freddie Mac said in a statement Thursday… Mortgage rates have been pushing toward 7% in recent weeks. Other measures have signaled that borrowing costs have crossed… Continue Reading…

Banking

“Citigroup reports 25% decline in third-quarter profits but tops revenue expectations”

“Citigroup said Friday that its third-quarter earnings fell 25% as it bulked up its credit loss provisions and investment banking slumped. However, Citi shares gained more than 2% as revenue climbed more than analysts expected, helped by rising interest rates, and… Continue Reading…

Economy

“New Zealand plans to tax emissions from livestock burps and dung”

“New Zealand plans to tax agricultural emissions — including those related to the burps, urine and dung from livestock like cows and sheep — in a move its government hopes will help the country meet climate change goals. The aim… Continue Reading…

Cryptocurrencies

“Coinbase shares slide 11% on hot inflation report”

“Shares of cryptocurrency exchange Coinbase dove more than 11% on Thursday after the Consumer Price Index showed inflation continued to increase in September beyond Wall Street’s expectations. Bitcoin and other stocks tied to the success of crypto felt the pain, too. Riot Blockchain, Marathon Digital and Microstrategy were all lower… Continue Reading…

Energy

“Exxon Mobil Weighs Takeover of Oil Recovery Specialist Denbury”

“Exxon Mobil Corp. is considering a takeover of Denbury Inc., an oil and gas producer with the largest carbon dioxide pipeline network in the US, according to people familiar with the matter. Exxon has expressed preliminary interest in the Plano,… Continue Reading…

Personal Finance

“42% of Americans say money negatively impacts their mental health…”

“…42% of U.S adults say money is negatively impacting their mental health, according to a recent survey from Bankrate and Psych Central. The survey polled 2,457 adults about how finances affect their mental state. Feeling stressed is the top response to finances, according… Continue Reading…