- A + A (May 18): Bitcoin might be having a tough time of late, but it’s holding up much better than other cryptocurrencies, showcasing its ability to stay dominant during rough spells. The coin’s market-cap dominance has risen “sharply” during the latest selloff, reaching 45%, the highest level this year, according to data compiled by Babel Finance. It suggests “altcoins are at their worst,” the firm’s strategists wrote in a note. Even last week, as prices plunged amid the TerraUSD implosion, crypto fans added US$299 million to products focused on Bitcoin, with market-watchers suggesting that investors have been flocking to it as a better bet. “Bitcoin is the best-known and most-liquid cryptocurrency, so it is seen as the safest one,” said Matt Maley, chief market strategist at Miller Tabak + Co. “With massive drops of some members of this asset class in the past week, it’s no surprise that those who think it’s a good buying opportunity are focusing on the safest … [Read more...] about Bitcoin flexes dominance again as altcoins suffer bigger losses
Gold coins or bars which is the better buy
Moody’s Cuts Russia’s Credit, Wheat Prices Soar, Powell Allays Investors’ Fears
Moody's cut Russia's credit six notches as it expects "sustained disruption to the economy" as a result of global sanctions against the country after it invaded Ukraine. Russia's stock market remained closed. U.S. stocks are higher after yesterday's surge that came in the wake of Federal Reserve Chair Jerome Powell ’s congressional testimony signaling a Fed rate increase would be lower than what investors feared. Key Takeaways Top credit agency Moody's decreased Russia's credit by six notches. U.S. stocks are rising, following yesterday's surge that came after Fed statements that allayed fears of a big interest rate hike. Best Buy Co. Inc. and Kroger Co. shares rose after reporting better-than-expected earnings. Powell is set to testify before Senate lawmakers this morning after telling House lawmakers yesterday he would propose just a quarter-percentage-point rate hike at the central bank’s March meeting. All major U.S. stock indexes posted solid gains … [Read more...] about Moody’s Cuts Russia’s Credit, Wheat Prices Soar, Powell Allays Investors’ Fears
Russia–Ukraine Tensions Soar as Shelling, War Talk Increase; Investors Flee Stocks
U.S. equity markets are falling as tensions ratchet higher between Russia and Ukraine, with U.S. officials saying they expect a Russian attack on its neighbor shortly. Major indexes are heading for weekly declines and the Nasdaq is adding to its nearly 14% drop so far this year. Key Takeaways U.S. equity markets are falling as investors watch developments in the ongoing tensions between Russia and Ukraine. Major indexes are heading for weekly declines and the Nasdaq is adding to its nearly 14% drop so far this year. Roku shares are plunging while FAAMG stocks, Tesla, and Intel all slide. Shares of all the FAAMG tech companies are lower. Tesla Inc. ( TSLA ) shares are declining 3%. Shares of semiconductor companies are dropping after Intel Corp. ( INTC ) warned of lower profit margins this year. Roku Inc. ( ROKU ) shares are plunging on its earnings report (more below). Shares of big industrial firms including Boeing Co. ( BA ), Honeywell International … [Read more...] about Russia–Ukraine Tensions Soar as Shelling, War Talk Increase; Investors Flee Stocks
See the cutting-edge tech turning government buildings into lean, green machines
The federal government has a long slog ahead, and it has nothing to do with politics. advertisement advertisement The Biden administration has set a series of ambitious energy and carbon emissions goals, including using energy that is 100% free of greenhouse gas pollution by 2030 , purchasing only non-gas-powered vehicles by 2035 , and producing net zero carbon emissions from federal buildings by 2045 . With a portfolio of more than 300,000 buildings and a fleet of 600,000 cars and trucks , meeting these goals will require a lot of new technology—and soon. The U.S. General Services Administration is on the hunt for that zero-emission, energy-saving technology, and has just announced the latest batch of novel tools and building materials that may help the government meet its goals. Through its Green Proving Ground program , the GSA is using some of the buildings in its portfolio to evaluate these technologies, utilizing real-world conditions … [Read more...] about See the cutting-edge tech turning government buildings into lean, green machines