The iShares Gold Trust ETF (NYSEARCA:IAU) has rallied by about 11.46% from its 52-week low in August 2018, and is one of the few securities that performed relatively well during the Q4 market turmoil. The performance of gold is strongly inversely correlated to movements in the US dollar, because the metal is a dollar-denominated commodity.
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US crypto traders are among the most active investors across all major cryptocurrency exchanges. This data came from the data analytics firm DataLight. Crypto traders from the US are the most active across the majority of the exchanges except for @bitfinex, which also has the most even geographical distribution of traders. pic.twitter.com/haxoUP6N57 — DataLight (@DataLightMe)
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An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed, but had sold in 2012 for $47 million. At the time, that marked
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The first week in February may have fostered a feeling of foreboding for many in the municipal market. The president’s State of the Union speech on Tuesday left us with a sense that we were idling in neutral with no clear destination with respect to infrastructure. A day earlier the Title III bankruptcy court handling
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South Korean-headquartered cryptocurrency exchange Bithumb has launched a global over-the-counter (OTC) trading desk for digital assets. Announcing the news on Thursday, the firm said that the new Hong Kong-based venture – Ortus – is a “block deal, matchmaking service” for institutional clients. In an OTC deal, two parties trade directly with each other, unlike on
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New York Mayor Bill de Blasio warned about several variables as he released his $92.2 billion preliminary budget for fiscal 2020. De Blasio, in his sixth budget presentation, cited a possible second federal government shutdown, an uncertain national economy and $600 million worth of cuts and cost shifts the state government has proposed for FY20.
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View The immediate outlook on bitcoin will remain bearish while prices are held below the 6-hour chart 50-candle moving average, currently at $3,471. Litecoin’s BTC-denominated exchange rate (LTC/BTC) clocked seven-month highs earlier today. A close above 0.010182 would confirm an inverse head-and-shoulders breakout and open up upside toward 0.013. The rally, however, may not happen
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In the week ended Feb. 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.09% from 4.11% last week. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased one basis point to 4.23% from 4.22% in the
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ErisX, a digital assets trading platform, has recruited three top-level officers from major companies in the financial and tech industries. Announced today, Robert Thrash joined the company as chief operating officer from Barclays, where he spent more than 11 years in various leadership positions. Most recently, he was the global bank’s managing director of agency derivatives
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Check out the companies making headlines after the bell: Shares of Skechers surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line. The shoe company posted earnings of 31 cents per share, 8 cents more than consensus estimates of 23 cents per share. Despite higher-than-expected
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Ripple has added 11 new universities to its University Blockchain Research Initiative (UBRI). With a strong emphasis on developing the upcoming generation of developers, the UBRI is designed to develop blockchain-focused academia and research. Ripple is extending its footprint globally by adding 11 new universities to its program. 11 New Universities to UBRI The UBRI launched
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