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You can thank baby boomers for the strong US economy, according to market veteran Ed Yardeni. AdvertisementThe US economy has baby boomers to thank for its strength and resilience even as some worry about a potential recession. Related storiesThere are now 47.7 million baby boomers who are not in the labor force, and that number grows by the day as more baby boomers hit their retirement age. Baby boomers hold a record $76.2 trillion in wealth, or about half the total US household net worth of $156.2 trillion. "The Baby Boomers watched a lot of Star Trek during the 1960s.
Persons: Ed Yardeni, Yardeni, hasn't Organizations: Seniors, Federal, Federal Reserve, Boomers, Trek
Thousands of residents and visitors viewed the event from the baseball field at Hidalgo de Dolores Elementary School. Residents began renting out their homes after area hotels reached capacity. ET Cuatro Ciénegas Amid a vast landscape of gypsum dune fields — formed over millions of years — spectators viewed the eclipse. ET Dallas Crowds set up their picnic blankets alongside the Trinity River, which runs through Dallas, one of the largest cities to experience the total eclipse. ET Russellville More than 100 couples were married in a giant ceremony just minutes before the eclipse, during the Total Eclipse of the Heart festival.
Persons: — Dennis Overbye, Andrés Manuel López Obrador, ” Federico Garza, , David Bowie, Pink Floyd, Sun Ra, Taylor Swift Organizations: North America Today, Hidalgo de Dolores Elementary School, Nazas, Residents, Dallas Crowds, Russellville, Eclipse, Liverpool, Illinois Department of Transportation, Indiana, Indianapolis, Indianapolis Zoo, Lucas Oil, Roll Hall of Fame, Attica Railroad, Eclipse Fest, Buffalo State, Syracuse, Syracuse Mets, Worcester Red Sox, Hotels, Montreal Locations: North America, — Dennis Overbye Mexico, Sinaloa State, Mazatlán, Mexico, Hidalgo, Texas, Eagle, Dallas, Arkansas, Ozark, . Illinois, Southern Illinois, Midwest, . Ohio, Lake Erie, Cleveland, Taylor Swift . New York, Niagara Falls, England, Burlington , Vt, Burlington, Lake Champlain, Maine, Canada, U.S, Montreal, Fredericton , New Brunswick, New Brunswick, EclipseFest
And growth in the percentage of women in senior corporate leadership roles overall barely budged from 2022 to 2023. In 2023, women held just 11.8% of the roughly 15,000 C-suite roles assessed, down from 12.2% the year before, the study found. Gender parity goal imperiledNone of this is to say that there hasn’t been real progress in narrowing the gender gap since 2005. “Across all [senior] roles, women held less than 8% of seats as recently as 2005; versus 22.3% in 2023. If the growth rate remains below average going forward, the goal of reaching gender parity will be much farther out of reach.
Persons: , hasn’t, Organizations: New, New York CNN, P Global Market Intelligence Locations: New York
Read previewDiane von Furstenberg has been a household name since the '70s. Despite her place in the luxury world, von Furstenberg partnered with Target and her granddaughter, Talita von Furstenberg, to create a limited-edition collection for the store. Samantha Grindell/Business InsiderThe store has also been leaning into celebrity and top brand-name partnerships to level up its offerings. After seeing it in person, Target's collaboration with von Furstenberg seems like a natural progression of its brand strategy as it continues to offer products that feel luxurious for less. Shop the Diane von Furstenberg x Target collection.
Persons: , Diane von Furstenberg, Forbes, Jeffery Bezos, von Furstenberg, Talita von Furstenberg, Samantha Grindell, Sally Hansen, Sergio Hudson, Christopher John Rogers, Joanna Gaines, Kendra Scott, Stanley Organizations: Service, Fashion, Target, Business, tote, Valentine's Locations: Brooklyn
CNN —House Democrats may save Mike Johnson’s speakership – but he first must outline a pathway to approving aid to Ukraine, multiple Democratic sources told CNN. If Johnson tries to move on the House plan, Democrats may opt to save him but in smaller numbers, one Democratic source said. “We are going to grow this House majority despite things that go on the House floor day to day.”He argued that “Speaker Johnson is going to remain speaker” despite the threat to oust him. So, we need a speaker and I think Speaker Johnson has been an outstanding speaker and I stand behind him. Some hardliners are weighing whether they will vote to oust Johnson once it is brought up.
Persons: Mike Johnson’s speakership, Johnson, he’d, Donald Trump, Marjorie Taylor Greene’s, doesn’t, Abigail Spanberger, Greene, , that’s, Greg Pence, Greene’s, Pence, they’re, , it’s, Mark Green, “ I’m, , we’ve, Richard Hudson, Eli Crane, Kevin McCarthy, Ralph Norman, Norman, we’ll, ” CNN’s Morgan Rimmer Organizations: CNN — House, CNN, GOP, Republican, Virginia Democrat, Republicans, , Indiana Republican, House Republicans, Homeland, House Republican Locations: Ukraine, Mexico, Virginia
Texas residents are moving to New Mexico by the thousands, Census data shows. Some people cited the high property taxes in Texas as a reason for their exit. AdvertisementThey say everything is bigger in Texas, and that includes the property taxes. Texas residents are fleeing the state in droves and heading for New Mexico, according to 2022 US Census data. Just shy of 17,000 people moved from Texas to New Mexico between 2021 and 2022, according to US Census data, making Texas the primary state of origin for people moving to The Land of Enchantment.
Persons: Organizations: Service, Business Locations: Texas, New Mexico
CNN —The public absence of Catherine, Princess of Wales, has grown from a niche royal watcher concern to an international punchline in a matter of weeks. Droves of amateur detectives have crafted timelines and deep dives into the princess’ movements over the last few months, combining real concern with outlandish conspiracy. The uproar, the theories, the analyses, the jokes and, yes, the serious concern — they all show the multitude of ways people interact with and view the royal family. “Not [the royal family] specifically, just anyone in that kind of position.”Catherine, Princess Of Wales is seen during the opening of Evelina London's new children's day surgery unit on December 5, 2023 in London, England. Chris Jackson/Getty ImagesMore dire than the growing transatlantic comedy routine is the apparent dissolution of trust between some media outlets and the royal family.
Persons: Catherine , Princess of Wales, That’s, Kate, hasn’t, CNN It’s, it’s, , who’s, , unrelatable, I’ve, Susan Graves, subreddit, Diana, Prince Harry, Prince Andrew, Carly Wainsworth, “ It’s, Graves, Wainsworth, Meghan, Duchess of Sussex, King Charles ’, Princess Diana —, they’re, ” Wainsworth, ” Catherine, Princess, Ian Vogler, Kate truthers, Kate Middleton ”, kate, don’t, Pete Davidson, Singer, Stephen Colbert, Stephen Colbert , goss, Cillian Murphy, ” Prince William , Prince of Wales, Prince Louis of Wales, Princess Charlotte of Wales, Prince George of Wales, Chris Jackson, Catherine, you’re, we’ve, Phil Chetwynd, Prince William, Mark Borkowski, ” Borkowski, Rosa Prince, Barbie Organizations: CNN, Daily, Dublin Airport, Getty, AFP, BBC, British Press Photographers ’ Association, , The Daily Mail, Royal, , ” Politico Locations: Kensington, Brazilian, Birmingham, Wales, London, England, Buckingham
Read previewGood news for the economy can be bad news for stocks, thanks to a weird quirk of market logic. Positive economic developments such as strong GDP growth, robust employment gains, and mild inflation tend to drive stocks higher in the long run. Yet their implications for interest rates have mattered more to stocks in recent months. That buoys stocks by fueling spending across the economy and demand for risk assets. It's bizarre that some stock investors are now hoping for the economy to soften so the Fed will start cutting rates, even though a booming economy is good news for stocks.
Persons: , hasn't, they've, Jerome Powell Organizations: Service, Business, Federal Reserve, Wall, Swissquote Bank
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Hours after the US House of Representatives voted in favor of the bill by a wide margin, 352 to 65, Shou responded with a video on TikTok urging users to "make your voices heard." The rallying cry follows an earlier TikTok action that prompted users to input their ZIP code in order to identify and contact their representatives in Congress. Share them with your friends, share them with your family, share them with your senators. Over the past week, X users have responded in droves with their all-time favorite clips after @destroynectar asked, "What video is the reason they shouldn't ban TikTok?"
Persons: , Shou Chew, Shou, TikTok's, Joe Biden, @destroynectar, ITYNCTnThf, Steven Mnuchin — Organizations: Service, Business, Big Tech
New York CNN —Don Lemon’s partnership with Elon Musk went down in flames Wednesday, hours after the former CNN anchor conducted an interview with the erratic billionaire for the debut episode of his new independent web-based show. But a spokesperson for Lemon told CNN that the media personality expects Musk to honor the financial terms of the agreement. “Don has a deal with X and expects to be paid for it,” the spokesperson said. “If we have to go to court we will.”Musk has claimed to believe in free speech absolutism, but he has repeatedly taken steps to limit the speech of critics. And I own this one as well.”This story has been updated with a statement posted by X.
Persons: Don Lemon’s, Elon Musk, “ Elon, ” Lemon, Musk, Don Lemon, , Lemon, X, “ Don, ” Musk, , Nikki Haley Organizations: New, New York CNN, Elon, CNN, X, watchdogs, GOP Locations: New York
The S & P 500 just achieved its last upside target of 5,180 a few days ago. The S & P 500 has closed above its own intra-day midpoint 80% of the time since October lows. The index's longest streak of "good closes" (closes above the mid-point) since the October lows has been nine. Consistently strong market breadth Market breadth (or internals) can be measured different ways, but simply tracking the percent of stocks advancing every day is both the simplest and most useful. From this perspective, the S & P 500 has had positive internals 70% of the trading days since the October lows.
Persons: It's, That's, they've, we'll
CNN —The Biden administration is discussing using Guantanamo Bay to process Haitian migrants if there is a mass exodus to the US amid worsening conditions in the country, according to a US official. “We are clear-eyed that economic, political, and security instability are key drivers for migrants around the world. A Homeland Security spokesperson said that so far, migration from the Caribbean remains low. The United States returns or repatriates migrants interdicted at sea to The Bahamas, Cuba, the Dominican Republic, and Haiti,” the spokesperson added. And we are ready if a mass migration — if we need to deal with a mass migration.
Persons: CNN —, Biden, , Ariel Henry, , Laura Richardson, Rebecca Zimmerman, they’re, Joe Biden, CNN’s Haley Britzky Organizations: CNN, National Security, Homeland Security, DHS, State Department, United Nations, United, Marine, Team, Immigration, Customs, Department of Homeland Security, Defense Department, Congress, Southern Command, Defense for Homeland Defense, US Customs, Border Protection Air, Marine Operations, US Border Patrol, Coast Guard, Border Patrol, Border Protection, House, Republican Locations: Guantanamo Bay, Cuba, Haiti, Florida, Guantanamo, Caribbean, United States, Bahamas, Dominican Republic, Port, Mexico
This was nothing short of a communist invasion, in his eyes, and the patriots of Green Charter needed to rise up and confront the Red Peril. But the backlash in Green Charter represents something seldom seen since the Red Scare: a quasi-militant, homegrown resistance to the perceived threat of communism at home. But as the war over Gotion began to consume Green Charter, Riebow began to feel that the township board was behaving "too secretly." It's easy to dismiss what's happened in Green Charter as yet another sign of America's descent into dangerous incivility. Asked about Gotion's plans in Green Charter, Panetta replied, "I don't think there's any question that they are going to take advantage of that situation."
Persons: Jeff Peticolas, Sam Peticolas, He'd, Peticolas, Gos, Green, Matt Harrison Clough, Jim Chapman, I've, Chapman, freaked, Rush Doshi, Joe Biden's, Doshi, Donald Trump, Sen, Katie Britt, Lori Brock, Kristina Karamo, Lana Theis, John Moolenaar, it's, Gotion, John Holdsworth, I'm, Tracy Ruell, Ruell, Carlleen Rose, she'd, Suzi, Tim Hahn, Hahn, texted Hahn, Jeff, Corri Riebow, She'd, Riebow, Breitbart, Gretchen Whitmer, , we've, Holdsworth, Jason Kruse, Kruse, that's, Kruse demurred, Hahn's, we're, We're, what's, William Evanina, Leon Panetta, Barack Obama's, Panetta, Brent Crane Organizations: Imperial, Pacific, Nikon, Ferris State University, Tech, Green Charter, BI Green Charter, Michigan, United States, Chinese Communist Party, Michigan Republican Party, Michigan GOP, WE, Republican, Republicans, Gotion, Treasury Department, BI, CCP politburo, Party, Communist Party of China, SAIC, Nexteer Automotive, Facebook, Big Rapids, Local, Moolenaar, Fox News, Daily Mail, Gov, Green Charter's, Ferris State, Big, FBI Locations: Pearl, He'd, Imperial Japan, Vietnam, Mecosta County , Michigan, American, Green Charter, Green, China, Green Charter's, Montana, Beijing, Arkansas, Reedley , California, Manteno , Illinois, Washington, America, United, United States, Biden's State, Alabama, Mecosta County, Michigan, Sweden, Big Rapids, enervated, Gotion, Northern Michigan, USA, Filipino, Charter, San Diego
George Santos crashed the State of the Union and announced a comeback bid for Congress. But with the way things in Washington have been going lately, it may be what Congress deserves. I have made several personal… — George Santos (@MrSantosNY) March 8, 2024It's the latest stunt for the scandal-plagued lawmaker, who never seemed to take the job of being a member of Congress all that seriously. Former Rep. George Santos seen on the House floor for #SOTU2024. Three members of Congress were censured, an increasingly meaningless rebuke that may have backhandedly delivered one of them a Senate seat.
Persons: George Santos, He's, , he's, Nick LaLota, Joe Biden's, — George Santos, Santos, Lauren Boebert, Matt Gaetz, Tim Burchett, Burchett, it's Organizations: Union, Service, State, US Association, Former, Rep, New York Republicans, New, New York congressman Locations: Washington, United States of America, New York, Florida, Tennessee, dignify, Ukraine, Israel
What’s a nice Jewish viscountess to do when she has a title but no money, a party invitation but no clothes and a pair of scissors but no sewing skills? Invent the poodle skirt, of course. Ms. Charlot, a New York native who died at her home in Tepoztlán, Mexico, on Sunday at 101, had been a Hollywood singer before her marriage in the mid-1940s to a viscount, or British nobleman. The result, the embellished circle skirt, was ubiquitous throughout the 1950s, bought in droves by women and, in particular, adolescent girls. With its voluminous fabric that flared prettily when the wearer twirled, it was just the thing for a sock hop.
Persons: Juli Lynne Charlot, Charlot, jaunty Locations: New York, Tepoztlán, Mexico, Hollywood
Costco opened a new store in Shenzhen, China, in January. Thousands of Hong Kong residents have since flocked to the store in search of discounts. More than 15,000 Hong Kong members have signed up for the store, Costco's CFO said, per Bloomberg. Among the droves of discount shoppers were many Hong Kongers, enticed across the boundary with mainland China by the store's discount prices. More than 15,000 Hong Kong members have signed up for the Shenzhen store since it opened its doors, Richard Galanti, Costco's chief financial officer, told Bloomberg.
Persons: , Kongers, Richard Galanti Organizations: Costco, Hong Kong, Bloomberg, Service, Business Locations: Shenzhen, China, Hong Kong
Meanwhile, its financial markets are bleeding, the property market has gone up in smoke, local government debt appears alarming, and foreign investors are exiting in droves. Real estate — which was a huge part of China's economy — has been hit badly, he said. AdvertisementTravel has picked up after years of pandemic lockdownServices is another pillar of China's economy that Beijing has been trying to build up. AdvertisementThis is in part because new growth industries are not able to take the place of real estate — yet. Because the property market accounts for one-quarter of China's GDP and more than two-thirds of household wealth, its overall drag on China's economy is much greater than whatever is doing well right now.
Persons: , Rory Green, GlobalData.TS Lombard, AllianceBernstein, John Lin, Lin, Donald Trump's, Louise Loo, Wood Mackenzie, AllianceBerstein's Lin, Nomura, Loo Organizations: Service, Business, Bloomberg TV, Oxford Economics, Nomura, Oxford Locations: China, GlobalData.TS, Real, COVID, Beijing, Europe, Taiwan, South Korea
HomeGoods is the housewares and furnishings brand in TJX's off-price retail family. "It's become a bit of a cult," TJX CEO Ernie Herrman joked about the brand's popularity on TikTok. AdvertisementAnyone who has ever set foot in a HomeGoods store has likely walked out with at least one thing they hadn't planned on purchasing. HomeGoods is the housewares brand in the TJX off-price retail family, which includes megastars T.J. Maxx and Marshalls, plus the outdoorsy Sierra. Advertisement"It's become a bit of a cult," TJX CEO Ernie Herrman joked during the company's fourth-quarter earnings call on Wednesday.
Persons: HomeGoods, It's, Ernie Herrman, , Herrman, housewares Organizations: Service, HomeGoods, Marshalls, TJX Locations: Maxx, HomeGoods
In her third season with the team, Iowa reached its first ever NCAA women’s basketball national championship game, though the Hawkeyes eventually lost to LSU. Jensen remembers Clark saying, “Now, what else can we do?” moments after becoming the all-time top scorer in collegiate women’s basketball. I would love to see that.”Clark signs an autograph after becoming the all-time NCAA women's college basketball top scorer. Matthew Putney/APWhat is undeniable are the eyeballs Clark has brought to college women’s basketball. Reese's gesture toward Clark during the second half of the 2023 NCAA women’s basketball national championship game became one of the biggest talking points of the college basketball season.
Persons: CNN — Clark, Caitlin Clark, , She’s, Clark, Pete Maravich, Pete ’ –, Maravich’s, Angel Reese, , Kelsey Plum's, Matthew Putney, Christyn Williams, Carmen Mandato, Steph Curry, Sabrina Ionescu, skillset, Jan Jensen, Jensen, Joseph Cress, Zion Williamson, Kelsey Plum, Anthony Davis, Maya Moore, Allen Iverson, Brittney Griner, Shaquille O’Neal, – Clark, ‘ Stephen, Sabrina ’ –, “ Let’s, Reggie Miller, Damian Lillard, Steph, Sabrina, who’s, Dame, ” Clark, Caitlin, ” Jensen, she’s, Matthew Holst, LSU’s Reese, Reese, John Cena, Tony Gutierrez, Sheryl Swoopes –, Swoopes –, , Sheryl Swoopes, Jay Williams, , “ I’m, doesn’t, WILT, … — Dick Vitale, @DickieV, Dick Vitale, Wilt Chamberlain Organizations: CNN, NCAA, Clark’s University of Iowa, Gatorade, Nike, State Farm, Louisiana State, LSU Tigers, Hawkeyes, Iowa, LSU, UConn Huskies, NBA, WNBA, Michigan, Iowa City Press, Citizen, USA, Indiana Fever, Hall of Famer, Carver, WWE, ESPN, Duke Blue Devils, FAIR Locations: men’s, Des Moines , Iowa, Iowa,
What is happening is to a certain extent, an element of a civil war,” Putin claimed. The island remained a Japanese colony for half a century until the end of World War II, when it came under the control of China’s ruling Nationalist government. Today Xi is expanding China’s military at a pace the world hasn’t seen in a century – since before World War Two. Long-time China analyst Steve Tsang, author of “If China Attacks Taiwan,” once told me that Xi’s military build-up is, by comparison, larger than Nazi Germany and Imperial Japan combined. Many here in Taiwan fear it’s only a matter of time before Xi, like Putin, puts his words into action.
Persons: Taiwan CNN —, Kolas Yotaka, Tucker, Vladimir Putin, “ Putin, Xi, , Putin, Xi Jinping, ” Yotaka, , Jens Stoltenberg, , ” Stoltenberg, it’s, ” China’s, Russia –, Carlson, ” Putin, Critics, Chiang Kai, shek, ” Xi, He’s, Tsai Ing, Steve Tsang Organizations: Taiwan CNN, Taiwan Presidential, Taiwan –, NATO, Munich Security, Communist Party, Russia, Observers, Nationalist, Communists, Taiwan’s National Chengchi, Democratic Progressive Party, Taipei, Xi, Navy, Global China, Atlantic Council, Taiwan Relations Locations: Taipei, Taiwan, Ukraine, Beijing, China, Russia, Soviet, Ukrainian, Soviet Union, Japan, Republic of China, Taiwan Strait, United States, Hong Kong, Nazi Germany, Imperial Japan, Washington
The energy on Michigan college campuses ahead of the 2022 midterms, students said, was electric. Armed with promises to protect abortion rights, Democratic candidates held large campus rallies, drawing crowds who came prepared to cheer, rather than protest. Young activists have been at the forefront of sustained backlash to President Biden’s staunch support of Israel and its military campaign in Gaza, which began after Hamas attacked Israel on Oct. 7. Protest of U.S. policy culminated in an effort encouraging residents to vote “uncommitted” to send a message to Mr. Biden in the pivotal general election state. “It’s been a tense atmosphere on campus,” said Adam Lacasse, a co-chairman of the College Democrats at the University of Michigan.
Persons: Young, Biden’s, uncommitted, Biden, Mr, Donald J, Trump, “ It’s, , Adam Lacasse, they’re, what’s Organizations: Democratic, College Democrats, University of Michigan Locations: Michigan, Israel, Gaza
Russia’s Brutal War Calculus
  + stars: | 2024-02-24 | by ( Paul Sonne | Josh Holder | ) www.nytimes.com   time to read: +7 min
Russia’s Brutal War Calculus Freedoms Wages The costs of two years of war in Ukraine have been enormous. Here is a look at how Russia at war has changed — suffering enormous costs by some metrics but faring better than expected by others. But Mr. Putin has convinced many that in invading Ukraine, Russia is defending itself against an existential threat from the West. Blood and TreasureIn the early months of the war, Mr. Putin’s military made grave mistakes, but it has regrouped. But despite their stated support for the war, many Russians would be happy for it to end.
Persons: languish, Instagram, Vladimir Putin, Putin, , , Putin’s, Aleksei A, Navalny Organizations: Daily Life People, Facebook, Travel, Trade, Russia, Military Locations: Ukraine, Russia, China, Soviet Union, India, Moscow, Europe, Turkey, Ukrainian
“And, of course, South Carolina is in the heart of the Southeast.”Job seekers check-in to a job fair at a Schneider Electric manufacturing facility in Hopkins, South Carolina, in January 2023. “You can reach about twice as many people within an 8-hour drive from South Carolina as you can from Florida,” he said. “The housing market and the manufacturing industry, particularly in South Carolina, saw a major increase in demand,” Von Nessen said. South Carolina home sale activity fell by double-digits in 2022 but has since started to stabilize, he said. “We’re just treating so many more patients that we don’t have capacity,” said Thornton Kirby, CEO of the South Carolina Hospital Association.
Persons: ” Joseph Von Nessen, Darla Moore, ” Von Nessen, , it’s, It’s, Sean Rayford, Barrie Kirk, , Von Nessen, Micah Green, “ We’re, Thornton Kirby, Malcolm Isley, “ We’ve, ” Isley, Arnold Kamler, Inc . Kent, Kent, Kamler, Nikki Haley, , Daniel Slim, Scott Huffmon, Donald Trump, Haley, they’d Organizations: CNN, Palmetto State, of Labor Statistics, University of South, of Business, North, SC Council, Competitiveness, Bureau of Labor Statistics, Labor, Midlands Technical College, Technical College Midlands Technical College, Schneider, Bloomberg, Getty, Census, US Federal Reserve, US News, South Carolina Hospital Association, , Prisma, Health Prisma Health, Greenville Technical College, Health Center for Health, Life Sciences, Kent International, Walmart, Kent, Inc ., Winthrop University, , Charleston City Market, Winthrop’s Center, Public, Research, Palmetto, Republican, Trump, CBS Locations: South Carolina, South, , Carolina, Myrtle Beach , South Carolina, North America, University of South Carolina, West Columbia, United States, Hopkins , South Carolina, Florida, droves, Myrtle Beach, , Manning, New York City, Georgia, Charleston, AFP
The intimidating myth of an all-powerful military in Pakistan has been smashed in public view. Now comes another searing rebuke: Voters turned out in droves this month for candidates aligned with the expelled leader, Imran Khan, despite a military crackdown on his party. The political jockeying and unrest have left Pakistan, already reeling from an economic crisis, in a turbulent muddle. But one thing is clear: The military — long respected and feared as the ultimate authority in this nuclear-armed country of 240 million people — is facing a crisis. Its rumblings can be heard in once unthinkable ways, out in the open, among a public that long spoke of the military establishment only in coded language.
Persons: Imran Khan, Khan’s, Locations: Pakistan
Bitcoin stages a $1 trillion comeback
  + stars: | 2024-02-20 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —Bitcoin is back with a $1 trillion dollar bang. In contrast to traditional currencies, the supply of bitcoin is limited and is expected to peak in 2140, according to the price-tracking website for cryptocurrencies. The value of bitcoin has risen nearly 13% since January 10, when US regulators gave the green light to investment firms wishing to offer such funds. In January, before approving bitcoin exchange-traded funds, Gary Gensler, chair of the US Securities and Exchange Commission, said on X: “A number of major platforms & crypto assets have become insolvent and/or lost value. Investments in crypto assets continue to be subject to significant risk.”
Persons: London CNN — Bitcoin, ” Gareth Rhodes, Gary Gensler, Organizations: London CNN, cryptocurrencies, CNN, New York State Department of Financial Services, US Securities and Exchange Commission Locations: CoinMarketCap, bitcoin
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