Author: Press Room
Last updated: February 29, 2024 09:56 EST | 2 min read The Bitcoin (BTC) spot trading volume on centralized exchanges (CEXes) has reached the highest level of activity since the collapse of FTX.According to data provided by Kaiko, Bitcoin spot trading volume across all major CEXes hit an impressive $34.05 billion on February 28.Leading the charge, Binance accounted for $17.09 billion, solidifying its position as the dominant force in the crypto trading sphere. Not far behind, Bybit made a notable entry with $3.5 billion, followed closely by Coinbase at $2.98 billion, OKX at $2.92 billion, and Kraken rounding off with $1.05 billion. Image Source: KaikoBitcoin…
Richard Branson is the 73-year-old founder of conglomerate Virgin Group.His daily routine is chock full of sports, from tennis to cycling to kite-surfing.This all takes place on the private island in the British Virgin Islands where he lives. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Richard Branson may be 73 years old, but his daily routine is remarkably active, for any age.He starts and ends his day with tennis, and gets up to kite-surfing and cycling in between.Branson is the billionaire founder of Virgin Group, a conglomerate with…
I published my investment thesis on Gaotu Techedu (NYSE:GOTU) in September of 2023, assigning the stock a Strong Buy rating. The stock has rallied 187% in less than 6 months since. There have been two major developments since that article was published. The first is Gaotu’s strong quarterly financial results, which validated my thesis that Gaotu’s growth potential is very strong after business transformation. The second is the draft regulations released for public comments by China’s education ministry with regards to off-campus tutoring. However, I believe the stock price has mostly priced in the good news. Therefore, I am downgrading…
US GDP: Economists expect the second estimate for fourth-quarter economic growth to come in at 3.3 per cent, unchanged from the advance figure, and down from a 4.9 per cent increase in the third quarter.Salesforce: The cloud-based software company’s revenue is expected to jump nearly 10 per cent in the fourth quarter, according to analysts polled by LSEG. Investors will be keen to learn more about demand for its software and artificial intelligence products. The company is forecast to swing to a profit of $1.29 a share after a loss of 10 cents a share a year earlier. Other companies: TJX…
Senate Minority Leader Mitch McConnell will step down as GOP leader in November, the Kentucky Republican announced on the Senate floor Wednesday, marking the end of an era on Capitol Hill and setting up a high-stakes race for his successor. McConnell, who turned 82 last week, said, “the end of my contributions are closer than I prefer.” “As I have been thinking about when I would deliver some news to the Senate, I always imagined a moment when I had total clarity and peace about the sunset of my work,” he said. “A moment when I am certain I have…
Shares of MarketWise Inc. were set for a selloff Tuesday, after the financial-research and analytics company said it decided to wind down its Legacy Research business after misconduct by certain managers was discovered. The wind down will affect 104 jobs, or about 18% of MarketWise’s total workforce. Some of the employees will be offered new roles within the company or have their positions eliminated. The reorganization, which is expected to be completed in the first half of fiscal 2024, was announced a week after Jon Mikula, a former employee of Legacy Research, was charged with conspiracy to commit securities fraud…
The U.K. has just experienced two consecutive quarters of negative economic growth, which meets what’s commonly called the technical definition of recession. On a quarter-over-quarter basis, U.K. gross domestic product fell by 0.3% in the fourth quarter and fell 0.1% in the third quarter. Related: Japan loses spot as world’s number-three economy as GDP shrinks In the U.S., there’s a group that meets to determine whether there is a recession, the National Bureau of Economic Research. They look at a variety of indicators, and really are looking for, in their words, “a significant decline in economic activity that is spread…
WASHINGTON (Reuters) – The Biden administration is delaying a decision on a Louisiana liquefied (LNG) export project that would be the United States’ largest, but which has raised the ire of environmentalists, the New York Times reported on Wednesday. With an export capacity of around 20 million metric tonnes per year, Venture Global LNG’s Calcasieu Pass 2 (CP2) project would be twice the size of the company’s present CP plant. If built, it would make Venture Global one of the largest LNG companies in the world. The White House is directing the Department of Energy (DOE), which decides whether LNG…
WASHINGTON (Reuters) – U.S. monthly consumer prices rose less than initially estimated in December, revised government data showed on Friday. The consumer price index rose 0.2% in December instead of 0.3% as reported last month, annual revisions of the CPI data published by the Labor Department’s Bureau of Labor Statistics (BLS) showed. But data for November was revised up to show the CPI increasing 0.2% rather than 0.1% as previously estimated. The revisions emanated from the annual recalculation of seasonal adjustment factors. MARKET REACTION: STOCKS: U.S. stock futures extended a slight gain and were last up 0.2%, still pointing to…
For aging parents who were responsible enough to do estate planning, the lawyer who put their will and trust together had them appoint a power of attorney for finances (POA). If they picked you to do that, it’s likely no one gave you an instruction book to go with the role. Serving as the one who takes on responsibility for your elder’s money can be daunting. Sometimes the very person who appointed you makes things quite difficult. Here at AgingParents.com, where we offer our expertise on age-related legal and healthcare issues to families, we hear the frustrations. Some aging parents…
