TLDR Bitcoin climbed past $ 88,000 after Japan raised its interest rate to 0.75%. Japan’s central bank hiked rates for the first time in decades to fight inflation. Arthur Hayes predicted that Bitcoin could hit $1 million and USDJPY may reach 200 yen. Analysts view $ 81,000 as key support tied to the US spot […] The post Japan’s Rate Hike Pushes Bitcoin Higher As Analysts…
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Cyndeo Wealth Partners LLC reduced its stake in shares of The Progressive Corporation (NYSE:PGR – Free Report) by 46.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,032 shares of the insurance provider’s stock after selling 13,170 shares during the quarter. Cyndeo…
Fiduciary Alliance LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 6.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,046 shares of the financial services provider’s stock after selling 9,364 shares during the quarter. JPMorgan Chase & Co.…
The Florida insurance brokers offered an enticing deal to unemployed and homeless people: Enroll in a Healthcare.gov health plan they weren't eligible for in exchange for gift cards, food, alcohol or cash. Corruption among Healthcare.gov agents and brokers had emerged as a sticking point in Washington as Congress failed to reach a deal to halt the year-end…
Valverde filed a claim with her insurer, State Farm General, and hired a contractor to write an estimate for the smoke damage to her Pasadena home, which overlooked Eaton Canyon near the border of the devastated community of Altadena. But as she read through it, she realized the document was not one State Farm had intended her to see. Starting on the first page,…
David Garza sometimes feels as if he doesn't have health insurance now that he pays so much to treat his Type 2 diabetes. His monthly premium payment of $435 for family coverage is roughly the same as the insurance at his previous job. "Now everything is full price," said the 53- year-old, who works at a warehouse just south of Dallas-Fort Worth.
The U.S. inflation rate for November is expected to land at 3.1% year over year, according to a survey of economists, setting up a fresh test for the Federal Reserve and financial markets. The reading, due this week, will help shape views on interest rates, consumer spending, and the strength of the broader economy.
TLDR Bitcoin went up after Japan’s central bank raised interest rates on December 19. US stocks also rose as investors believed no more big rate hikes are coming. Bitcoin moved with global markets, showing a stronger market connection. The BOJ decision gave investors more confidence in risk assets like crypto. Bitcoin saw upward movement after […] The post Bitcoin Moves Higher…
Zevenbergen Capital Investments LLC cut its holdings in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044,961 shares of the rocket manufacturer’s stock after selling 37,395 shares during the quarter. Rocket Lab accounts…
Cincinnati Financial Corporation (NASDAQ:CINF – Get Free Report) announced a quarterly dividend on Friday, November 14th. Investors of record on Monday, December 22nd will be paid a dividend of 0.87 per share by the insurance provider on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date…
Year-end trading dynamics tend to muddle the analysis. With upward pressure on Japanese and global yields, it will be curious to gauge the Treasury market mood come January.
ABS Direct Equity Fund LLC increased its stake in shares of PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD – Free Report) by 78.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,033 shares of the company’s stock after buying an additional…
Calling rising wildfire insurance rates an “urgent challenge,” a Headwaters Economics and Columbia Climate School report released this month points to potential approaches to address the financial burden on Montana property owners.
WASHINGTON— The Dec. 31 deadline to extend enhanced Obamacare health insurance tax credits has loomed over Congress for months, sparking this fall’ s record-long government shutdown and dominating legislative efforts in the final days of the year. “As I’ ve said over and over again, the toothpaste is out of the tube, "House minority leader Chuck Schumer, a New York…
TLDR The SEC finalized civil judgments against Caroline Ellison, Gary Wang, and Nishad Singh over the FTX collapse. Ellison faces a 10-year ban, while Wang and Singh face 8-year bans from public company roles. The SEC claims FTX secretly provided Alameda with special privileges, diverting customer funds. All three executives agreed to permanent injunctions barring […] The post…
With billions in weekly trading volume, massive new funding rounds, and even a CNN partnership with the prediction-betting platform, Kalshi, prediction markets are quickly moving from niche curiosity to mainstream-media fixture— openly touting ambitions to financialize everything. Warzel is joined by writer Max Read, who argues that prediction markets…
California Insurance Commissioner Ricardo Lara is a defendant in the Consumer Watchdog lawsuit. SACRAMENTO – A California appeals court has limited the authority of Insurance Commissioner Ricardo Lara to administratively expand the basic coverage provided by the state’s property insurer of last resort, the California FAIR Plan.
Guidewire Software Inc. (NYSE: GWRE) has recently intensified its strategic momentum through a series of high‑profile initiatives and analyst endorsements that reinforce its standing as the leading provider of enterprise software to the U.S. property‑and‑casualty (P&C) insurance market. The company’s market capitalization of roughly $16.5 billion and a current share price…
President Donald Trump has narrowed his shortlist for the next Chair of the Federal Reserve to four candidates and said he expects to announce his decision in the coming weeks, drawing increased attention from financial and cryptocurrency markets.
