Page 25 - Cornerstone Macro News Today

For most people, it makes sense just to start with the top two: Bitcoin and Ether. Either would have been a relatively good investment so far in 2021 – Bitcoin has almost doubled and Ether has quadrupled, compared with a 12 per cent gain for the S&P 500. So what do you need to know before deciding where to put your money? The case for Ether Ether is the token used on the world’s most actively used blockchain – the technology used for verifying and recording transactions – Ethereum. Ethe...

The comments from Ms Yellen, a former chair of the Federal Reserve, come amid a debate on whether President Joe Biden’s proposed and enacted government spending could spur a surge in price pressures. Administration and Fed officials both have consistently dismissed concerns over accelerating inflation. They’ve argued that price gains expected this year will be largely transitory and that the central bank has tools to contain any persistent effects. The Biden administration has been careful ...

"Any investment strategy that you can summarize in a rhyme is probably a bad strategy," said Jonathan Golub, chief U.S. equity strategist at Credit Suisse. Golub raised his S&P 500 target on Friday to 4,600 for year end from 4,300, based on strong earnings. He said on average the markets performance does follow the pattern of weakness between May and October, but its not a reason to get out of stocks. "This would be perfectly reasonable if every single May looked the same as the May the year be...

Provided by Dow Jones By Kate Davidson WASHINGTON -- President Bidens $1.9 trillion Covid-19 relief package was financed entirely with borrowed money. Now, he is proposing to spend another roughly $4.5 trillion on infrastructure and social programs -- without adding to the red ink. "We can do it without increasing deficits," Mr. Biden said in a joint address to Congress Wednesday night, detailing a series of tax increases on the wealthy and corporations to pay for...

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How will we know if Bidens agenda succeeds or fails? Nicholas Sargen, Opinion Contributor © Tom Brenner/Getty Images How will we know if Bidens agenda succeeds or fails? This week President Biden unveiled the American Families Plan, which expands access to education, reduces the cost of child care and supports women in the work force. It calls for federal spending and tax credits of $1.8 trillion over this decade that will be financed in part by taxes on high-income household...

Bitcoin breaches $50K threshold with technicals back in focus By Bloomberg By Vildana Hajric, Joanna Ossinger Bitcoin headed for its worst week in almost two months as a proposed capital-gains tax increase for wealthy Americans intensified the volatility whiplashing the worlds largest cryptocurrency. A fresh bout of selling on Friday drove bitcoin down as much as 7.9% to $47,525 -- below its 100-day moving average -- as it continued to take out key technical levels. Wall Street analysts warn o...

Oil fell this week with spreading coronavirus cases in countries such as India tempering optimism. (Bloomberg) -- Oil fell this week with spreading coronavirus cases in countries such as India tempering optimism around positive signs out of the U.S. and Europe. Futures in New York rose the most in over a week on Friday, but were unable to reverse a 1.6% weekly loss as the market weighed a global economic reopening that’s coming in fits and starts. The U.S. has remained near the forefront of t...

Oil Set for Weekly Loss With Market Facing Patchy Demand Rebound Bloomberg 1 hr ago Andres Guerra Luz (Bloomberg) -- Oil headed for a weekly decline with spreading coronavirus cases in countries such as India tempering optimism around positive economic data in the U.S. and Europe. Popular Searches Futures in New York pared gains on Friday after briefly surging as much as 1.6% in a choppy trading session. U.S. benchmark crude is headed for a roughly 2% weekly decline, as progre...

Bitcoin breaches $US50,000 threshold with technicals back in focus Vildana Hajric and Joanna Ossinger Apr 24, 2021 – 5.58am Share Bitcoin headed for its worst week in almost two months as a proposed capital-gains tax increase for wealthy Americans intensified the volatility whiplashing the world’s largest cryptocurrency. A fresh bout of selling on Friday (Saturday AEST) drove bitcoin down as much as 7.9 per cent to $US47,525 -- below its 100-day moving average -- as it continued to take out...