Crypto advocate Mike Novogratz said there’s a good chance of Bitcoin returning to $30,000 by the end of next month — a far cry from the $500,000 he once predicted for the digital currency, but still almost 25% above its current price.
Two Southeast Asian central banks are likely to take different policy actions on Thursday as inflation paths diverge, with the Philippines seen raising borrowing costs again to cool prices and Indonesia expected to hit the brakes on tightening.
Bitcoin rose to the highest level since August on Wednesday, gaining for a second day as a decrease in risk aversion helps to temper concerns about a widening crackdown by US regulators.
US stocks closed higher and Treasuries slid as investors picked through another batch of solid economic data to find different takeaways, even as worries mounted that it would force a hawkish response from the Federal Reserve.
Surging bond yields have been rattling investors for a year. Why they’re a problem for people hooked on an asset as volatile as equities can be seen by juxtaposing stocks with some of the safest securities in the world.
As the largest owner of local sports channels in the US moves closer to a bankruptcy filing, sports leagues have started making contingency plans to ensure fans can still watch their games.
Russia is likely to continue suffering mounting casualties as it recruits more ill-equipped and ill-trained soldiers into the fight and intensifies attacks in eastern Ukraine, according to US Defense Secretary Lloyd Austin.
The Codex Sassoon is the earliest most complete Hebrew Bible in the world.
The clash between President Joe Biden and House Speaker Kevin McCarthy over US fiscal policy is set to intensify after the Congressional Budget Office warned of a sharp deterioration in the federal budget.
Apple Inc. has postponed a planned introduction of its first mixed-reality headset from around April to June, according to people familiar with the matter, marking the latest setback for the tech giant’s next big initiative.
