Month: March 2024

Grayscale: Not Enough Bitcoin To Accomodate Demand

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🚨 🚨 Grayscale says not enoug #bitcoin to accommodate all the new demand, and so prices higher. Halving event may worsen supply shortage
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Microsoft Launches Copilot For Finance

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🧠 🧠 Microsoft is launching a Copilot for Finance, which it said will be able to perform a handful of common role-specific actions in Excel and Outlook
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Nikkei Nears 40K Record Level

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🇯🇵 🇯🇵 Japan’s Nikkei 225 nears 40,000 record level to lead gains in Asia
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Americans Are Going Into Retirement

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🇺🇸 🇺🇸 Huge numbers of Americans are leaving the workplace in a surprise second wave of the post-COVID retirement boom
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This Is Why Tech Stocks Went Up

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🇺🇸 🇺🇸 This is why Tech stocks went up: The Fed’s preferred measure of inflation (Core PCE) moved down to 2.8% in January, the lowest since March 2021
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Singapore’s Fertility Rate Plunges

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🇸🇬 🇸🇬 Singapore’s punishing demography, and the need to address it, was underscored Wednesday when a minister revealed that a key measure of fertility tumbled to yet another record low
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Fed May Still Cut Rates In June

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🚨 🚨 To Krishna Guha at Evercore, the PCE report contains “no new bad news” on the inflation dynamics, with June remaining a solid bet for the first rate cut. Chris Larkin at E*Trade from Morgan Stanley notes the data may ease some immediate doubts among traders who had begun to wonder if the Fed “would dig in its heels and keep rates higher for longer”

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Xi Needs To Look Backward

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🇨🇳 🇨🇳 Xi Needs To Look Backward: If he doesn’t take a different route, the world’s second-largest economy will continue to face stagnation, weakening both the creativity of enterprise, and confidence among the young. Xi needs to follow the model of some of his predecessors, who were able to guide China through periods of both difficulty and stability, but ultimately understood that to make the nation mighty, Chinese people need to feel positive about their prospects
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China: It’s All Rigged

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🇨🇳 🇨🇳 China: State-backed funds funneled more than 410 billion yuan into onshore shares this year through Feb. 23 in a bid to prop up the market, according to estimates made by UBS Group AG. The Swiss bank said it based its calculations on “excess” transactions of 54 Chinese exchange-traded funds
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Monaco: Favoritism Revealed

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🇲🇨 🇲🇨 Monaco: Prince Albert II’s government regularly favored his nephews in business deals. Members of the royal family deny any wrongdoing, but Monaco finds itself in the midst of a political crisis
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