Business

Blockchain data shows signs that the Bitcoin mining industry is “capitulating,” according to CryptoQuant—a likely precursor to Bitcoin tapping a local price bottom before surging to new highs. CryptoQuant analyzed the metrics for miners, who are responsible for securing the Bitcoin network in exchange for newly issued BTC. As outlined in the…

The commercial real estate industry has undergone some dramatic changes since the pandemic, particularly in the office building sector. Industry experts say the Triad is persevering. In large cities like New York, Chicago and Los Angeles, plummeting property values for aging buildings, and decreasing demand coupled…

The Food and Drug Administration approved a new Alzheimer's treatment called donanemab on Tuesday, clearing the way for the third addition to a new class of drugs aimed at slowing the brain's decline in patients facing the early stages of the disease. Branded as Kisunla by drugmaker Eli Lilly, donanemab's approval follows years of setbacks and…

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research. In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025.  Should that happen, the…

Federal Reserve Chair Jerome Powell spoke publicly on Tuesday for the first time since the Fed's preferred inflation gauge showed prices increased at their slowest pace in more than three years during the month of May.While still showing signs of caution, Powell admitted the data has been in the right direction recently.Yahoo Finance's Jennifer…

Old habits die hard, goes a saying. It seems to be applicable to the employees at the grassroots level in Andhra Pradesh, who were engaged in distribution of pensions among various categories of beneficiaries. According to reports coming from different parts of the state, employees of the village secretariat and in some…

Ethereum is primed to mount a comeback against Bitcoin this month after underperforming its sibling cryptocurrency since the start of the year, according to K33 Research. On the one hand, the leading smart contract platform is poised to receive its first US-listed spot exchange-traded fund (ETF) in July, inviting a tidal wave of new…

A&E Real Estate has reached an agreement on living arrangements with Sunnyside tenants pushed out by a fire late last year, with help from a Queens elected official.Residents of 43-09 47th Avenue were displaced by a devastating fire sparked in late December by a contractor working with a blowtorch. Some tenants at the time took A&E’s…

Barry Diller appears to be taking a look at Paramount Global. The mogul’s digital media firm IAC is the latest to throw its hat in the ring to make a deal with Shari Redstone’s National Amusements, multiple sources told The New York Times for a report published Monday. A Paramount rep did not immediately respond to a…

ECB Pres. Lagarde: It will take time to be certain that inflation is on trackstrong labor market means we have time to gather information.Speaking to the economic uncertainties:Soft landing for euro zone economy not guaranteed.We also need to be mindful of the fact that the growth outlook remains uncertain.Speaking to future uncertainties:We are…