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☆ This beaten-up bitcoin proxy should rebound 35% as the cryptocurrency reclaims the spotlight, Berenberg says
▼ + stars: | 2023-04-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin is back in a bull market by many accounts and is poised to continue its 2023 rally as the rest of crypto comes under regulatory scrutiny. Equity investors interested in riding bitcoin's current uptrend should consider buying shares of Microstrategy , the enterprise analytics firm and bitcoin proxy, according to Berenberg Capital Markets. Microstrategy offers "the most attractive means" through which investors can express a view on bitcoin, Palmer said, citing its correlation of 0.90 to the crypto asset for his stance. The mandates of many institutional investors preclude them from purchasing bitcoin directly. "MSTR's stock offers a leveraged means through which investors can take advantage of that event."

☆ Ukrainian official offers a plan Kyiv would take after it reclaims control of Crimea from Russia
▼ + stars: | 2023-04-02 | by ( ) www.cnbc.com time to read: +4 min

Kyiv has ruled out any peace talks with Moscow until Russian troops leave all occupied territories, including Crimea. As part of the plan, he also called for dismantling a 19-kilometer (12-mile) bridge that Russia built to Crimea. Moscow blamed Ukrainian military intelligence for the attack. Russia's latest rocket and artillery attacks killed 4 civilians and wounded 15 others since Saturday, according to the Ukrainian military. Ukrainian Sports Minister Vadym Huttsait said the death toll included 262 Ukrainian athletes, reaffirming Kyiv's call to bar Russia from the Olympics.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin reclaims $28,000, and FDIC gives deadline for Signature's crypto clients: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sergey Nazarov, the co-founder of Chainlink, weighs in on sentiment among blockchain developers amid the current crypto environment.

☆ Bonds are back this year after one of their worst stretches ever
▼ + stars: | 2023-03-27 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Bonds are rebounding in 2023 following one of their worst years ever as the asset class reclaims its function as an effective hedge for stocks. "Bonds are acting like bonds again," said Gina Bolvin, president of Bolvin Wealth Management Group. What's more, because bonds tend to rally during a recession as benchmark rates decline, Devereux said she recommends focusing on high-quality fixed income including U.S. Treasurys, agency mortgage-backed securities and municipal bonds. Within fixed income, she also recommended investors stick to bonds with AAA or AA ratings, saying investors should look for risk in equities rather than lower-rated bonds. "While returns for stocks and bonds have been positive so far this year, that stocks and bonds are largely performing well at different times has made the ride smoother for investors," Bolvin said.

☆ Alcaraz routs Medvedev in Indian Wells final, reclaims No. 1 ranking
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +3 min

[1/2] Mar 18, 2023; Indian Wells, CA, USA; Carlos Alcaraz (ESP) hits a shot in the semi final match defeating Jannik Sinner (ITA) in the BNP Paribas Open at the Indian Wells Tennis Garden. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY SportsMarch 19 (Reuters) - Top seed Carlos Alcaraz snapped Daniil Medvedev's 19-match win streak with a 6-3 6-2 rout in the Indian Wells final on Sunday that will see him leapfrog Novak Djokovic and return to world number one in the rankings. Alcaraz did not drop a set across six matches in the tournament and his performance in the California desert gives him an added boost of confidence ahead of his Miami Open title defence. Djokovic withdrew from the draw for the Indian Wells event in an indication that his application for a COVID-19 vaccine waiver to enter the U.S. might have failed. The Serbian has also withdrawn from the Miami Open.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin reclaims $22,000, and Senate Banking Committee holds hearing on crypto crash: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Matt Hougan, the CIO of Bitwise, explains why he believes crypto prices will rally in 2023.

☆ GM reclaims title as America's top automaker after a 2.5% jump in sales last year
▼ + stars: | 2023-01-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales despite supply chain problems. GM said Wednesday it sold 2.27 million vehicles in the U.S. in 2022, up by 2.5% over 2021, including a 41.4% increase during the fourth quarter. Toyota said it sold 2.1 million vehicles in the U.S. last year, down 9.6% from 2021. Toyota edged out GM in sales by 114,034 vehicles in 2021 – dethroning the Detroit automaker for the first time since 1931 when it surpassed Ford Motor . Jack Hollis, executive vice president of Toyota Motor North America, on Wednesday said the Japanese automaker remains focused on retail sales, which are traditionally more profitable than commercial or fleet sales.

☆ Kevin McCarthy’s Speaker Bid Faces Final Hurdle
▼ + stars: | 2023-01-01 | by ( Natalie Andrews | ) www.wsj.com time to read: 1 min

WASHINGTON—For Kevin McCarthy , the last decade and a half spent climbing the Republican Party ranks in Congress have led to Jan. 3. The House is set to vote Tuesday to choose the next speaker, with the California congressman the choice of most Republicans as the GOP reclaims the majority after defeating Democrats in the midterms. With the gavel nearly within his grasp, Mr. McCarthy now must overcome a small but determined group of GOP critics who, because of the party’s slim majority, have the power to block his bid.

☆ Key suspect in Danish tax fraud could be extradited from Dubai, Denmark says
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +1 min

OSLO, Dec 29 (Reuters) - The Danish foreign ministry on Thursday said a Dubai court had ruled that the main suspect in a dividend tax fraud case can be extradited to Denmark for prosecution, although the decision will be appealed. Briton Sanjay Shah, who has denied any wrongdoing, is suspected of submitting applications on behalf of investors and companies for payouts from the Danish Treasury worth more than 9 billion Danish crowns ($1.3 billion). Known as "cum-ex", the alleged crime involved a sham trading scheme whereby investors were able to make double tax reclaims. Shah was arrested earlier this year by Dubai police following the request by Danish authorities to extradite him. ($1 = 6.9824 Danish crowns)Reporting by Terje Solsvik; Editing by Elaine Hardcastle and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ UK watchdog narrows dividend-stripping investigation
▼ + stars: | 2022-12-15 | by ( Kirstin Ridley | ) www.reuters.com time to read: +6 min

A German court this week sentenced tax lawyer Hanno Berger, alleged to have masterminded one of the country's biggest post-war frauds, to eight years in jail. It is the highest-profile prosecution and longest sentence to date in a series of trials that have also convicted British bankers. Although Britain was not impacted by cum-ex trading, much of the structuring and organising of the scheme took place in London, according to lawyers and authorities, some of whom turned to the country for help unpicking what had happened. It does not have the power to investigate tax fraud, but can investigate civil and criminal market abuse. One warning notice was sent in June 2020 to an unnamed former chief executive, according to a 2021 High Court judgment.

☆ The Dow could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. As recently as mid-October the Dow was in bear-market territory for 2022, down more than 21%. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. (owner of The North Face and Vans), IBM (IBM) and 3M (MMM), is actually up 1% this year. There were several times when the stock market came back and then went back down,” said John Duffy, co-founder of Trending Stocks.

☆ Dow tumbles 500 points but could actually end the year in the green
▼ + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —Most of 2022 has been pretty dismal for investors, and Monday was no exception: The Dow fell about 500 points, or 1.5%, Monday. The Dow enjoyed its best month in nearly a half-century in October and it’s up nearly another 3% in November. It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. The S&P 500 and Nasdaq are still pretty deep in the red for 2022, off 17% and almost 30% respectively.

[1/3] U.S. Joint Chiefs Chair Army General Mark Milley speaks during a news briefing after participating a virtual Ukraine Defense Contact Group meeting at the Pentagon in Arlington, Virginia, U.S., November 16, 2022. REUTERS/Tom BrennerWASHINGTON, Nov 16 (Reuters) - The top U.S. general on Wednesday said Ukraine's chances of any near-term, outright military victory were not high, cautioning that Russia still had significant combat power inside Ukraine despite suffering battlefield setbacks since its invasion in February. Ukraine has vowed to keep the pressure on Russian forces until it reclaims control of all occupied territory. "The probability of a Ukrainian military victory - defined as kicking the Russians out of all of Ukraine to include what they claim as Crimea - the probability of that happening anytime soon is not high, militarily," Milley told a news conference at the Pentagon. Ukraine is not going to back down," Milley said, adding that Ukraine was free, "and they want to remain free."

☆ Zelenskiy urges G20 to adopt Ukraine's plan to restore peace
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +3 min

Zelenskiy called on the G20 leaders at their summit, including U.S. President Joe Biden and Chinese President Xi Jinping, to adopt a 10-point peace formula and end the war "justly and on the basis of the UN Charter and international law". "Please, choose your path for leadership - and together we will surely implement the peace formula," Zelenskiy said. Russia calls its action in Ukraine a "special operation" to disarm Ukraine and protect it from fascists. Ukraine and its Western allies say the fascist allegation is baseless and that the war is an unprovoked act of aggression. "If Russia opposes our peace formula, you will see that it only wants war," Zelenskiy said.

☆ Russians dig in to defend key city of Kherson, Ukrainian forces say
▼ + stars: | 2022-10-26 | by ( Jonathan Landay | ) www.reuters.com time to read: +4 min

Kherson's capture could leave thousands of Russian troops trapped on the Dnipro's western bank unable to cross easily to the east. Expectations rose last week that Russian forces were girding to relinquish Kherson, when Moscow-appointed occupation authorities began evacuating tens of thousands of residents by ferries to the Dnipro's east bank. Kherson is the only regional capital Russian forces have taken in the "special military operation" Putin launched in February. But the commander of the Ukrainian unit visited by Reuters on Wednesday saw no sign of Russians leaving. Rusting hulks of Russian armored vehicles marked confrontations with Ukrainian troops who advanced last month some 20 km (12.4 miles) in two days to their current lines.

☆ 'Descendant' and 'The Rebellious Life of Mrs. Rosa Parks' review: Two documentaries provide new windows into chapters in Black history
▼ + stars: | 2022-10-19 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Two powerful documentaries explore different aspects of Black history this week, in each case shedding light on misrepresented or under-covered chapters. Presented by Barack Obama’s company under its Netflix deal, “Descendant” examines the discovery of a long-sunk ship that brought enslaved Africans to Alabama, while “The Rebellious Life of Mrs. Rosa Parks” reclaims a figure whose legacy was too often characterized as the product of tired feet. Rosa Parks” highlights the selflessness of its subject and seeks to provide a detailed portrait of a woman who, through the vagaries of history, was frequently reduced to a symbol. Parks, rather, wanted – indeed devoted her life to fighting for – justice and equality. “The Rebellious Life of Mrs. Rosa Parks” premieres October 19 on Peacock.

☆ The crypto bear market will continue if bitcoin confirms its recent breakdown below $20,000, Fairlead's Katie Stockton says
▼ + stars: | 2022-09-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The crypto bear market is likely to continue if bitcoin confirms its recent breakdown below $20,000, according to Fairlead Strategies. "Negative long-term momentum is growing per the monthly MACD histogram, allowing long-term oversold conditions to be absorbed. "Short-term momentum has shifted negative per a new daily MACD 'sell' signal, increasing risk as long-term support is tested." Another bad sign for the crypto market as a whole is the fact that bitcoin is once again outperforming ether on a relative basis since early September. Until then, expect the crypto bear market to continue.

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