Bitcoin. Filip Radwanski | Sopa Images | Lightrocket | Getty Images The price of bitcoin briefly exceeded $35,000, marking its highest level since May 2022. This surge was driven by positive sentiment regarding a bitcoin exchange-traded fund and a flight to safety that resulted in a spike in short liquidations. According to Coin Metrics, bitcoin …
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Investors are flocking to short-term U.S. government bonds to weather the turbulent times caused by surging longer-term yields, according to a Goldman Sachs …
Employees working in Precision’s manufacturing facility Courtesy: Precision Neuroscience Precision Neuroscience, a neurotech startup, has made a significant development with its acquisition of a factory in Dallas. This factory will enable the company to build the key component of its brain implant, known as the Layer 7 Cortical Interface. By having its own manufacturing facility, …
Monzo, the $4.5 billion digital challenger bank, has announced the launch of a new investment feature, marking its entry into the financial investment market. The feature, called Investments, will enable Monzo’s customers to invest in various funds managed by asset management giant BlackRock. CNBC had the opportunity to preview the product at Monzo’s headquarters last …
Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE The District of Columbia Court of Appeals has cleared the path for bitcoin exchange-traded funds (ETFs). On Tuesday, the court ruled in favor of Grayscale in its lawsuit against the Securities and Exchange Commission (SEC). The SEC had previously denied Grayscale’s application to convert its …
WASHINGTON — A prominent House Republican voice on the national security threat posed by China has criticized the White House’s plan to restrict outbound investment in Chinese military and defense companies, saying it fails to address the core issue. Representative Mike Gallagher, the chairman of the House Select Committee on the Chinese Communist Party, stated …
A bank employee counts China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — The U.S. House of Representatives Select Committee on the Chinese Communist Party has expressed concerns about U.S. investments in approximately 50 blacklisted Chinese companies. The …
The BlackRock logo is displayed at their headquarters on November 14, 2022 in New York City. BlackRock and Saudi Arabia’s sovereign wealth fund signed an agreement to jointly explore infrastructure projects in the Middle East. Leonardo Munoz | Getty Images BlackRock has formed a strategic partnership with Jio Financial Services, the financial services arm of …
Nasdaq CEO Adena Friedman announced during the company’s earnings call on Wednesday that they are temporarily halting their plans to launch a crypto custody business. This decision is due to the shifting business and regulatory environment in the U.S. Despite this setback, Nasdaq remains committed to being a leading provider of digital asset software solutions …
U.S. electric vehicle manufacturer Lucid Group has announced plans to establish its first international factory in Saudi Arabia. This move comes as a surprise to some investors, considering BlackRock’s focus on investing in a low-carbon future. However, BlackRock CEO Larry Fink has justified this decision by praising the Saudi Aramco CEO’s understanding of the global …