Romain Costaseca | Afp | Getty ImagesBitcoin continued its rally on Thursday, hitting a brand new record high above $111,000.Bitcoin hit $111,886.41 in early trading hours in London, according to Coin Metrics, before paring some of those gains to trade at around $111,012.00 at 07:03 a.m. London.Bitcoin’s move has been “driven by a mix of positive momentum, growing optimism around U.S. crypto regulation, and continued interest from institutional buyers,” James Butterfill, head of research for crypto-focused asset manager CoinShares, told CNBC by email.The price rise in world’s largest cryptocurrency is taking place despite a drop in U.S. stock markets on Wednesday.Bitcoin has typically correlated with…
Author: usaeverydaylife
No stock is off the table for Simon Adler, a value investor at Schroders. “We are happy to buy the worst business you have ever conceived, provided it is cheap enough,” Adler told the Value Investor conference of fund managers in London on Wednesday. Adler co-manages the Global Recovery, Global Income and Global Sustainable Value strategies at the British asset manager. He said he can back up his claim. “We can prove that because we have bought the worst business anyone can conceive,” Adler added, before describing Italian oilfield services company Saipem as a “truly rubbish” stock in 2022. Yet,…
Russian President Vladimir Putin tours an exhibition at the Central Museum of the Great Patriotic War on Poklonnaya Gora in Moscow, Russia, April 30, 2025.Alexander Kazakov | Via ReutersRussia has shown little appetite for peace negotiations with Ukraine, despite Moscow making a show of what war experts described as “performative ceasefires,” and a number of attempts by U.S. President Donald Trump to persuade Russian leader Vladimir Putin to talk to Kyiv.In fact, Moscow is widely believed to be planning a new summer offensive in Ukraine to consolidate territorial gains in the southern and eastern parts of the country, that its…
King Charles III, patron of the Royal Horticultural Society, walks through the RHS and BBC Radio 2 Dog Garden during a visit to the RHS Chelsea Flower Show at Royal Hospital Chelsea on May 20, 2025 in London, England.Wpa Pool | Getty Images Entertainment | Getty ImagesThis week saw one of the most important — and perhaps surprising — events in corporate Britain’s annual calendar: the gala night of the Royal Horticultural Society (RHS) Chelsea Flower Show.This traditionally marks the beginning of what, in English high society, is referred to as “the season.”Coined as such by Debrett’s, the publisher and authority…
Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike will raise prices on a wide range of footwear, apparel and equipment as soon as this week as the retail industry braces for tariffs to hit its profits, CNBC has learned.Prices for Nike apparel and equipment for adults will increase between $2 and $10, a person familiar with the matter said. Footwear…
The flag of Israel is projected onto 10 Downing Street, in London, Britain, October 8, 2023.Clodagh Kilcoyne | ReutersTwo staff members of Israel’s Embassy in Washington, D.C., were shot dead outside the district’s Capital Jewish Museum, officials said, in what Israel’s ambassador to the United Nations called a “depraved act of anti-Semitic terrorism.”Four senior law enforcement officials briefed on the shooting told NBC News a man opened fire, hitting a man and woman. The man shouted, “Free Palestine” while he was being arrested, three senior law enforcement officials said.His identity has not yet been released by authorities.The gunfire erupted as…
Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas.Feature China | Future Publishing | Getty ImagesChinese electric-vehicle maker Xpeng saw its shares in Hong Kong surge over 10% Thursday following upbeat earnings and stronger-than-expected revenue forecast for the second quarter.Its shares soared as much as 10.2% to 85.5 Hong Kong dollars ($10.86), and were last trading 7% higher, taking year-to-date gains to 78%.The Guangzhou-based carmaker’s first-quarter revenue more than doubled from a year earlier, driven by robust sales.Xpeng said it delivered 94,008 vehicles in the first three months this year, more than four times…
The ‘Fast Money’ traders talk Wednesday’s market downturn. Source link
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty ImagesOnly half of health insurer Cigna’s clients currently cover the popular GLP-1 weight loss drugs Wegovy and Zepbound because of their high costs. But the company’s pharmacy benefits unit Evernorth has reached a deal with drug makers Ely Lilly and Novo Nordisk which it said will bring prices down for employers and their workers.”This solution is really focused towards clients that aren’t covering it today, and what it allows us to do is one, to bring it on at a reduced…
What started as a friendly first meeting between President Donald Trump and South African President Cyril Ramaphosa quickly devolved after a reporter asked Trump about the U.S. decision to admit white South Africans as refugees.Trump baselessly claimed that there was a genocide against white people in South Africa, which Ramaphosa and other South Africans have vigorously denied.Wednesday’s heated meeting marks the latest in a string of unusually tense Oval Office meetings with foreign leaders. It comes amid heightened tensions between the U.S. and South Africa over claims by Trump and Elon Musk about the country’s racial equity laws, which prompted the U.S. to recently…
