Key Takeaways Bitcoin surged above $100,000 early this week but has tumbled in recent days as investors reassess this year’s interest rate outlook. The digital asset’s price recently formed a bearish engulfing pattern to halt the recent rally. Investors should watch key support levels on Bitcoin’s chart around $92,000, $87,000, and $74,000, while also monitoring […]

SHENZHEN, CHINA – NOVEMBER 16: A boy sits outside a branch of the Bank of China while using a smartphone on November 16, 2024 in Shenzhen, Guangdong Province, China.   Cheng Xin | Getty Images News | Getty Images Chinese commercial banks have a huge problem. With consumers and businesses gloomy about the prospects of the

By Michael S. Derby NEW YORK (Reuters) – Wall Street’s biggest banks have pushed back the expected endgame for the Federal Reserve’s ongoing efforts to shrink the size of its balance sheet, according to meeting minutes for the Federal Reserve’s most recent policy meeting. Banks told the Fed ahead of the December policy meeting that

Shares of Costco Wholesale (COST 0.65%) jumped 38.8% in 2024, according to data from S&P Global Market Intelligence. The famous membership-based retailer had another solid year opening new stores and growing its footprint in the e-commerce market. Now one of the largest companies in the world with a market cap of over $400 billion, Costco

(Bloomberg) — Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence. Most Read from Bloomberg Chief information and technology officers surveyed for BI indicated that on average they expect a net 3%

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) remained sideways with a slight downside bias, falling 1.49% from December to January. Meanwhile, the blocked sale of U.S. Steel could significantly affect steel prices in 2025. After the Committee on Foreign Investment in the U.S. (CFIUS) came to a split decision, the sale of

Tik Tok creators gather before a press conference to voice their opposition to the “Protecting Americans from Foreign Adversary Controlled Applications Act,” pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S., March 12, 2024. Craig Hudson | Reuters The Supreme Court on Friday will hear oral arguments in

Key Takeaways The wildfires that have decimated neighborhoods in Los Angeles this week came just months after California’s largest property insurer began allowing thousands of policies to lapse. Insurers, citing increasing catastrophe exposure and the difficulty of raising premiums in California, have pulled back from the state in recent years, forcing more property owners to

Cruising is a popular travel method because people visit multiple destinations in one trip. Today, cruise ships tend to offer just as much entertainment on board as you’ll find at each port. One of the ways to earn and save on your next cruise is with a rewards credit card — and if you prefer

The cost of replacing an existing central air conditioning system is typically between $5,000 and $13,000. Determine where your own costs will fall by taking stock of the state of your current system. Understanding your system and timing your purchase can affect final prices. The cost to replace air conditioning Replacing air conditioning will often