Bitcoin, the leading cryptocurrency, has recently seen a substantial decline in its price, dropping by 17% over the past month. This downward trend has raised concerns among investors and market analysts, with many questioning whether Bitcoin will be able to recover to its previous highs or face further decline. Factors Contributing to the Price Decline
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The Francis Scott Key Bridge in Baltimore is in need of replacement after being struck by a Singapore-flagged container vessel. However, the shortage of Federal Highway Administration emergency relief funds presents a significant challenge. As of June 25, there was a funding shortfall of over $3.5 billion, impacting projects in 38 states and territories stemming
As we move into the second half of the year, it is essential to look at the current stock market landscape and identify opportunities for investment. Bernstein has recently released a selection of stocks that are deemed attractive based on both quantitative and fundamental analysis. This approach aims to provide a well-rounded perspective on potential
The financial landscape for many young adults, particularly those in Generation Z, is a challenging one. According to a report from Bank of America, nearly half of Gen Zers between the ages of 18 and 27 rely on financial assistance from their families. This reliance on parental support highlights the strain that many young adults
The recent battering of parts of Texas by Hurricane Beryl has not deterred the upcoming bond pricing for Galveston Wharves. Despite the operational interruption caused by the storm, the port announced that the $160 million revenue bond sale will proceed as planned. It is commendable to see how strong and resilient the port is, as
As digital advancements continue to reshape the global economy, the Bank of Israel (BOI) has been exploring the potential launch of a digital shekel currency. This move aims to enhance Israel’s payments system and promote innovation within the country. However, despite its commitment to this initiative, the BOI is taking a cautious approach and is
The upcoming main market event this week is the release of the June consumer price index report, which has the potential to provide crucial insights into the Federal Reserve’s decision regarding interest rates. Economists are expecting that the CPI would have risen by 0.1% month over month in June and 3.1% year over year. Additionally,
Mayor Mike Johnston recently unveiled a plan that would introduce a sales tax hike in Denver to fund affordable housing. The proposal suggests a 0.5% tax increase that could generate around $100 million annually. This initiative comes shortly after the city council approved another sales tax hike of 0.34% to support Denver Health, aiming to
Athletic Brewing Company, a leading nonalcoholic brewer, has recently announced a significant milestone in its journey – raising an additional $50 million in equity financing. This round of funding was led by General Atlantic, a clear indicator of the company’s growing presence and potential in the market. The company’s CEO and founder, Bill Shufelt, expressed
Dora, the unified search and action engine for the multichain world, has recently closed a successful early stage funding round of $5.5 million. This round was co-led by Dragonfly Capital and Lemniscap, with additional support from Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital, as well as notable angel investors Rushi Manche and Dino Savonin.