Economic resilience, a searing rally in stocks and the beginning of a potential rate-cutting cycle have allowed companies to pursue takeovers and sales of stocks and bonds. Bonuses constitute a significant portion of compensation on Wall Street. Investment banks have used such reviews to streamline their operations by eliminating underperformers and trimming excesses within their ranks.
UN Report Warns of Increased Crypto Crime Wave in Southeast Asia
A new report from the United Nations has sounded the alarm over the sophistication of cryptocurrency-related crimes across Southeast Asia.
Federal Flood Maps Are No Match for Florida’s Double Hurricane
(Bloomberg) -- Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that federal flood-risk maps underpinning decisions by millions of American homeowners and businesses are severely out of sync with a new era of climate-intensified disasters. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Hor
Analyst Predicts 'Explosive' Bitcoin Growth to $150K as Four-Year Cycle Advances
With Bitcoin (BTC) consolidating below its 2021 high of $69,000, veteran cryptocurrency analyst Bob Loukas believes the leading digital asset is on the verge of its most explosive stage yet.
Chinese stocks sink, with Shanghai down 6.6%, while other markets are mostly higher
Chinese shares plunged on Wednesday, with Shanghai’s benchmark down 6.6% and Hong Kong’s sliding 1.5%, while other world markets mostly advanced. European stocks opened flat. France’s CAC 40 rose 0.2% to 7,538.08, and Germany’s DAX was little changed at 19,070.69.
Record Stablecoin Liquidity, Spike in BTC Transactions Could Fuel Bitcoin Price Surge
Most crypto spot and futures trading are conducted against stablecoin pairs - and an increase signals capital parked on the sidelines to deploy on favorable catalysts.
Geopolitical strife could cost global economy $14.5 trln over 5 years -Lloyd's of London
LONDON (Reuters) -The global economy could face losses of $14.5 trillion over a five-year period from a hypothetical geopolitical conflict which hits supply chains, insurance market Lloyd's of London said on Wednesday. The economic impact would result from severe damage to infrastructure in the conflict region and the potential for compromised shipping lanes, Lloyd's said in a statement. "With more than 80% of the world's imports and exports – around 11 billion tons of goods – at sea at any given time, the closure of major trade routes due to a geopolitical conflict is one of the greatest threats to the resources needed for a resilient economy," Lloyd's said.
China's stock rally hits speed bump as investors await more stimulus
Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors sought to profit from a blistering rally, which was dampened by the lack of powerful stimulus measures to revive the economy. Benchmark indexes in China notched their biggest daily losses since the COVID-19 pandemic began, despite the announcement of a finance ministry press conference on Saturday to detail plans on fiscal stimulus. The Shanghai Composite index slid 6.6% to 3,258.86 points, while the blue-chip CSI300 index declined 7.1% to 3,955.98 points.