Nurphoto | Nurphoto | Getty ImagesCryptocurrencies and several stocks tied to the ecosystem rose Wednesday as investors dismissed a snag in what was expected to be a winning week for crypto regulation.Bitcoin was last higher by 2% at $119,114.79, according to Coin Metrics, while ether rose 3% to $3,156. Shares of stablecoin issuer Circle added more than 1% premarket and crypto services firm Coinbase gained about 0.5%, after both closed lower in the previous session. Ether treasury stocks continued their rally: BitMine surged 24%, while SharpLink jumped 14% and Bit Digital gained 5%.On Tuesday, prices dipped briefly after the House…
Author: usaeverydaylife
Alpha Jets of the French Air Force Elite aerobatic flying team “Patrouille de France” perform a fly-over during a ceremony at the Arc de Triomphe for the 80th anniversary of VE Day, or Victory in Europe Day, marking the end of World War II in Europe, in Paris, on May 8, 2025. Thomas Samson | Afp | Getty ImagesFrance is flirting with the idea of cutting two public holidays as the government targets more spending cuts to plug a budget black hole.French Prime Minister François Bayrou announced plans for spending cuts on Tuesday as the government targets 43.8 billion euros’…
Advanced Micro Devices is a buy ahead of its upcoming earnings report and has room to grow in the next few months, Wells Fargo said on Wednesday. Analyst Aaron Rakers reiterated his overweight rating on the name and increased his price target to $185 from $120. That reflects 18.9% upside from Tuesday’s close. “We think AMD will point to confidence in the trajectory to y/y AMD’s datacenter GPU growth into 2H25,” Rakers wrote in a Wednesday note, adding that such growth will be driven by the ramp up of MI355X chips , which began shipping last month. The analyst’s forecast…
Victor Becerra surveys his property located next door to a recently sold property on Wapello St. in Altadena, CA on June 4, 2025. Robert Gauthier | Los Angeles Times | Getty ImagesRenewed concerns over tariffs and the broader economy drove treasury yields higher last week, and mortgage rates followed. As a result, total mortgage application volume dropped 10% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.82% from 6.77%, with points remaining unchanged at 0.62,…
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesBank of America is scheduled to report second-quarter earnings before the opening bell Wednesday.Here’s what Wall Street expects:Earnings: 86 cents per share, according to LSEGRevenue: $26.72 billion, according to LSEGNet Interest Income: $14.89 billion, according to StreetAccountTrading: Fixed income of $3.14 billion, equities of $2.14 billion, according to StreetAccountBank of America is likely to have benefited from…
Blackstone is an American alternative asset manager with significant interests in rental housing. In recent years, the company spent billions acquiring brands such as Tricon Residential, American Campus Communities and AIR Communities.Blackstone’s rental housing portfolio contains apartment complexes, student housing, mobile home parks, and single-family rental properties. Many of their U.S. assets are concentrated in major cities such as New York and in Sun Belt states including Texas, Georgia and Florida.A map displays approximate locations of Blackstone Real Estate Income Trust rental housing assets in the U.S. as of June 16, 2025.”There tends to be a high degree of consistency…
Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty ImagesSingapore retained its top spot as the most expensive city globally for high-net-worth individuals (HNWIs) for the third consecutive year, according to the 2025 Global Wealth and Lifestyle Report by Swiss bank Julius Baer.The report is based on the Julius Baer Lifestyle Index, which looks at the relative cost of a basket of 20 goods and services that affluent consumers across 25 major cities globally buy and use such as cars, jewelry, lawyers and…
A Renault Espace E-Tech full Hybrid (L) and a Megane E-Tech 100% Electric EV (C) are displayed during the Geneva Motor Show 2024 at Palexpo on Feb. 26, 2024 in Geneva, Switzerland. John Keeble | Getty Images News | Getty ImagesShares of French carmaker Renault plunged as much as 17% on Wednesday after the company lowered its 2025 guidance and announced the appointment of a new interim chief executive officer.The Paris-listed stock was last seen trading down 15.6%, notching a fresh 52-week low. It puts the company on track for its worst trading day since March 2020.In a trading update published…
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Shoppers walking past a Cartier store at the high-end shopping district of Ginza in Tokyo, Japan.Anadolu | Getty ImagesA currency-fueled spending splurge in the key Japanese luxury market has finally abated, weighing on sales at Cartier-owner Richemont.The Swiss luxury group’s Japan sales declined 15% year-on-year at constant exchange rates in the fiscal first quarter, it said Wednesday in its fiscal first-quarter sales report.It follows a 59% jump in revenues in the same quarter last year, as a weaker yen sparked a surge in international tourism and luxury spend.Shares were up 0.6% by 8:35 a.m. London time. The Japanese yen began steadily…
