Author: Press Room
Bitcoin, the world’s largest cryptocurrency, has been quite fabulous since the start of 2023, soaring over 70% in the first quarter. However, the upward trend appears to be losing steam as BTC recently fell over 2% to $28,284.02. The current Bitcoin price is $28,238, and the 24-hour trading volume is $21 billion. Bitcoin has fallen by 2.61% in the previous 24 hours.Meanwhile, Ethereum (ETH), the second-largest cryptocurrency globally, has been performing exceptionally well in the past week. This is due to the successful implementation of the Shanghai hard fork update.BTC’s value has fallen recently because of two main reasons. Firstly, the US Fed…
Tesla’s entry-level Model 3 sedan now costs $39,990 after the company’s latest price cut. Elon Musk’s automaker has cut prices several times this year in an apparent bid to boost sales. The average new electric vehicle sold for $58,940 in March. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Teslas are cheaper than they’ve been in ages following a series of price cuts undertaken by Elon Musk’s automaker this year. Overnight, the cost of Tesla’s entry-level Model 3 dropped to $39,990, down from its most…
Flying is a vastly more joyless and unpleasant experience than it used to be, except for two things. It is much safer and, although it might be hard to believe this right now, it is also considerably cheaper.A first-class return ticket from Frankfurt to New York cost as much as a new Mercedes-Benz car in 1961. But 50 years later, a new Mercedes cost 13 times as much as that fare, a German aviation boss once told me. Likewise, when Australia’s Qantas first started overseas flights in 1935, a trip from Sydney to London cost 122 weeks of an average…
The Supreme Court on Friday protected access to a widely used abortion drug by freezing lower-court rulings that placed restrictions on its usage as appeals play out. As a result, the US Food and Drug Administration’s approval of the drug mifepristone and subsequent actions that made it more easily accessible will remain in place while appeals play out – potentially for months to come. The Friday night move is a striking victory for the Biden administration and its allies in the abortion rights community, which suffered a withering defeat at the Supreme Court last year when the conservative majority reversed…
Carbon capture and storage—the technology that traps carbon dioxide from industrial processes and permanently sequesters it in rock formations underground—has become a much-hyped answer to the world’s need to quickly reign in greenhouse gas emissions and curb global warming. Whether that technology can truly scale up remains to be seen, but many companies—lured by the huge market potential and lucrative government subsidies—are plowing ahead anyway. One of the latest examples: Industrial-gas giant Linde (ticker: LIN) recently announced a long-term deal with Exxon Mobil (XOM), which will transport and permanently sequester the huge amounts of carbon dioxide captured at Linde ‘s…
The chief executive of a Utah-based digital marketing and technology company praised a worker who gave up his dog and offered workers bonuses to quit if they didn’t like his return-to-office policy. In a virtual all-hands meeting at Utah-based Clearlink last week, CEO James Clarke said he was asking staff to give their “blood, sweat, and tears” to the company after a recent round of layoffs and a pivot to mostly in-person office work, first reported by Vice on Wednesday. MarketWatch also viewed a recording of the meeting…. Read the full article here
Dear Quentin, I’ve been with my wife for 15 years. We’re in our 40s, have two children and are very happy. We both have good jobs and make about $400,000 a year combined. My wife’s grandfather made a decent-sized fortune for himself and left his kids a thriving business and sizable trust funds. The trusts and other… Read the full article here
4/4 © Reuters. Canada’s Prime Minister Justin Trudeau arrives to attend a news conference to announce details on the construction of a gigafactory for electric vehicle battery production by Volkswagen Group’s battery company PowerCo SE in St. Thomas, Ontario, Canada Apr 2/4 By Steve Scherer and Victoria Waldersee OTTAWA (Reuters) -Canada and Volkswagen (ETR:) on Friday together committed more than C$20 billion ($14.8 billion) for a battery gigafactory in St. Thomas, Ontario, the biggest single investment ever in the country’s electric-vehicle supply chain. Europe’s largest carmaker is investing up to C$7 billion to build the plant, Volkswagen said in a…
By Barani Krishnan Investing.com — It was the sharpest U.S. crude draw in three weeks, yet it wasn’t enough to keep a barrel of the benchmark at above $80. Recurring fears on Wall Street of a recession — reinforced by Bank of America’s intent to lay off 4,000 workers by June despite a sterling first quarter — and a reminder that the Federal Reserve will likely raise interest rates again in May despite easing inflationary pressure sealed oil bulls’ fate on Wednesday. New York-traded West Texas Intermediate, or , settled down $1.70, or 2.1%, at $79.16 a barrel, after a…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell on Thursday as weak data reinforced expectations the world’s largest economy is likely headed toward recession, further supporting the view that the Federal Reserve could pause in June after another expected rate hike next month. The greenback hit session lows against the yen and euro after data showed higher weekly jobless claims, a precipitous drop in mid-Atlantic business activity, and lower existing home sales. But comments from Cleveland Fed President Loretta Mester saying that the U.S. central bank still has more interest rate increases ahead helped the dollar cut…
