Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd's of London predicted. The impact would mainly be from disruption across global industries due to local lockdowns and worldwide travel restrictions, Lloyd's said on Wednesday. The analysis by Lloyd's and the Cambridge Centre for Risk Studies said that the most severe scenario could cause losses of $41.7 trillion, equivalent to a reduction in global GDP of 1.1%-6.4%.
Bond Investors Await Inflation Data That Could Sway Fed Choice
(Bloomberg) -- Bond traders are on high alert for a fresh dose of inflation data out on Wednesday that could determine whether Federal Reserve officials cut or hold interest rates next week.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Skyscraper Cements the Legacy of a
Bitcoin Hit an All-Time High Above $100,000. Is It a Buy?
For much of the year, Bitcoin (CRYPTO: BTC) has been the talk of the crypto market. At one point, Bitcoin was up 45% in a stunning postelection rally, finally breaking through the highly anticipated $100,000 price. For the year, Bitcoin is now up a staggering 132%.
Bitwise predicts Bitcoin $200k? How Bitcoin and AI Memecoins could dominate Crypto Trends for 2025
Bitwise predicts that in 2025, Bitcoin could hit $200,000, Coinbase will enter the S&P 500 and AI agents
Italy Set to Scale Back Planned Tax Hike on Crypto Capital Gains: Reuters
The tax increase will be significantly reduced during parliamentary work, lawmakers said.
1 Top Cryptocurrency to Buy Before It Soars 3,890%, According to Cathie Wood of Ark Invest
Cathie Wood, the maverick investor and chief of Ark Invest, isn't known for being shy. As incredible as that is, Wood believes it has much further to run. In recent years, Wood is on record saying Bitcoin's price could reach a whopping $3.8 million by 2030 -- a 3,890% increase from today's value.
Should You Buy Dogecoin While It's Under $1?
Dogecoin has a real chance to set a new record high in the near future.
South Korea Flags Economic Risks as Political Turmoil Rumbles On
(Bloomberg) -- South Korea is facing greater downside economic risks as it tries to mitigate the impact on its currency of the turmoil triggered by last week’s martial law declaration, its finance minister said Wednesday.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Sky
XRP Outperforms Bitcoin, Dogecoin Extends Slide Ahead of U.S. CPI
XRP whale exchange deposits hit a six-month high early Tuesday, indicating short-term bearish pressure.
Majority of Altcoins Expected To Decline Until January 2025, Says Venture Capital Founder
Felix Hartmann, founder of Hartmann Capital, has projected a challenging period ahead for altcoins, suggesting that most will likely see a continued downtrend until late January 2025.