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Apple (NASDAQ:AAPL) reported its Q2 earnings on Thursday, wrapping up two weeks of quarterly earnings reports. Meanwhile, researchers at the US Department of Energy discovered that automation could enhance economic opportunities in the US wind turbine industry, and the Department of Justice's case against Alphabet's Google (NASDAQ:GOOGL) wound down with closing arguments on Friday. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. Spot crypto ETFs make their debut in Hong KongSix spot Bitcoin and Ether ETFs launched in Hong Kong on Monday...
Investing News Network
April was a game-changer for the cannabis industry. After deliberating for almost five months, the Drug Enforcement Administration moved to reschedule cannabis as lawmakers worked to combine the SAFER Banking Act with newly introduced stablecoin legislation. Meanwhile, controversy struck as legal cannabis was seized in New Mexico, Canada's Federal Budget 2024 was released with no mention of reform to high excise tax rates, and the saga of a once high-end cannabis dispensary finally ended in bankruptcy. Keep reading to discover more about these industry-shaping events. The DEA finally moves to ...
Investing News Network
The United States Federal Reserve announced on Wednesday (May 1) that it would hold its benchmark rate at 5.25 percent to 5.5 percent following its two-day Federal Open Market Committee (FOMC) meeting. In his press conference following the meeting, Federal Reserve Chairman Jerome Powell largely echoed statements from previous sessions, suggesting the committee would continue to hold rates until it had more confidence that the inflation rate was on a sustainable path to the 2 percent target set by the central bank. This was in line with analyst expectations prior to the meeting based on recent ...
Investing News Network
On April 16, the Canadian government tabled its 2024 budget proposal. Called "Fairness for Every Generation," it is aimed at helping Millennials and Gen Zs, with C$535 billion earmarked by the Trudeau government for investments in housing, clean economy initiatives, childcare, healthcare and national security. But one section of the document has garnered widespread attention — changes to the capital gains tax scheme. Starting on June 25, 2024, changes to Canada's tax system will aim to “enhance fairness” by adjusting the inclusion rate for capital gains. Individuals with over C$250,000 in annu...
Investing News Network
On Friday (April 19) at approximately 8:10 p.m. EDT, the much-anticipated Bitcoin halving occurred. The event happened when ViaBTC mined block number 840,000, reducing the reward rate from 6.25 Bitcoins to 3.125. Bitcoin remained stable over the weekend, staying within the US$63,000 to US$65,000 range. As of Monday (April 22) at 10:45 a.m. EDT, it was at US$66,243, up 2.2 percent in the past 24 hours and 2.7 percent compared to a month ago. While Bitcoin's price stayed relatively stable, the cryptocurrency's trading volume experienced significant fluctuations through the weekend, with a 45 per...
Investing News Network
The gold price ended last week with a bang, breaking through US$2,400 per ounce for the first time ever. Although it retreated below that level this week, the yellow metal remains historically high. I've asked a number of experts about what's behind gold's big move, and while their opinions differ on the specifics, they all agree that it still has plenty of room to run. Jordan Roy-Byrne, CMT, MFTA, of the Daily Gold may have put it best — he said that we're reaching the point where hyperbolic statements about the gold price can actually come true. Of course, gold stocks continue to underperfor...
Investing News Network
Major indexes slid this week as market participants adjusted their interest rate expectations. Meanwhile, the Bitcoin halving is approaching, and some experts are urging buyers to exercise caution. Also this week, the company that made humanoid robots a reality introduced a new and improved version. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. Bitcoin halving quickly approachingThe Bitcoin halving is a pre-programmed event that reduces the number of Bitcoin rewarded for mining blocks by half. As of the time of this writing, it was ex...
Investing News Network
The first quarter of 2024 was a mixed bag of optimism, caution and resilience in the cryptocurrency market. “For an industry that has been marked with significant dramatic occurrences in the past, this quarter has been relatively quiet with respect to surprises, comparatively," blockchain and smart contract technology specialist Adam Garetson, partner at Gowling WLG, told the Investing News Network (INN). “To me that signals greater normalization of the industry and asset class as a whole, which typically tends to have a net positive effect overall on market sentiment.” All in all, the crypto ...
Investing News Network
As the market for digital assets continues to grow, investors are looking for new ways to gain exposure to cryptocurrencies, and one of the simplest ways to invest in cryptocurrencies is through exchange-traded funds (ETFs). Following the historic approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC), investors have been wondering whether other prominent cryptocurrencies such as Ether could also see the launch of their own spot ETFs. After Bitcoin, Ethereum is the largest cryptocurrency by market capitalization. However, despite demand for spot Ethereum ETFs, the SEC...
Investing News Network
After a dizzying Q1, Bitcoin spent the first week of Q2 below the US$70,000 mark. Meanwhile, Bank of America (BoA) Global Research released data that describes just how robust the tech sector's Q1 rally was, and a strong but fortuitously contained earthquake on Taiwan's east coast emphasized the impact that even a small disruption can have on the world's semiconductor manufacturing operations. Stay informed on the latest developments in the tech world with the Investing News Network's round-up. 1. Tech stocks see third largest quarterly inflowsData gathered by BoA and reported by Reuters shows...
Investing News Network
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