Bitcoin Is Still poised for a significant rally by the end of 2024, with Standard Chartered predicting the cryptocurrency could reach $150,000, more than doubling its current price. Despite a recent pullback in Bitcoin’s price, the firm’s head of digital assets research, Geoff Kendrick, is confident in a bullish backdrop for the token. Geoff Kendrick’s …
Hedge Fund Industry achieved a significant milestone, reaching a record $4.3 trillion in total assets by the end of the first quarter of 2024. According to data provider HFR, this represents a remarkable addition of $190 billion in assets during the quarter, marking the sixth consecutive quarter of growth for the hedge fund industry. Let’s …
Hedge Fund Industry Reaches $4.3 Trillion Milestone Read More »
UBS Gets Backing secured backing from Norway’s sovereign wealth fund, its second-largest shareholder, for a capital plan that aims to make its Additional Tier 1 (AT1) bonds more appealing to investors. This plan, along with the approval of CEO Sergio Ermotti’s pay package, was approved at the bank’s annual general meeting this week. The Norwegian …
UBS Gets Backing for Capital Plan and Ermotti’s Pay Read More »
Sterling Loses Ground fell in European trade on Tuesday, marking the fourth straight session of losses against a basket of major rivals. This downtrend has almost touched five-month lows, with the GBP/USD pair trading below $1.23 for the first time since November 2023. The primary driver of this decline is the Bank of England’s (BOE) …
Euro Gains Ground has been gaining strength in recent days, heading toward the $1.07 mark against the US Dollar. This movement is significant, especially as the EUR/USD pair rebounds from a five-month low, indicating a shift in market sentiment. The rise in the Euro is partly due to active short-covering and a positive outlook ahead …
Bitcoin Rushes has been on the radar of investors and traders for over a decade, with its recent price fluctuations capturing attention worldwide. Monday’s price spike to a week-high of $66,503 followed the completion of a significant event—the Bitcoin halving. This event happens every four years and carries implications for the cryptocurrency’s supply and overall …
Bitcoin Rushes to Week High as the Halving Event Wraps Up Read More »
UK FTSE 100 Index rallied on Monday for the fourth consecutive session, closing at a record high. This surge came amid a strong risk appetite among investors and anticipation of a possible rate cut by the Bank of England in the summer. Additionally, the pound’s tumble against major rivals supported the stocks of British exporters, …
