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Biggest Bitcoin Fund Just Hit Record -35% Discount - A Warning For BTC Price?

Biggest Bitcoin Fund Just Hit Record -35% Discount – A Warning For BTC Price?

Grayscale Bitcoin Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of the total Bitcoin (BTC) supply, or over 640,000 BTC, is trading at a record discount to the value of its underlying assets. Institutional interest in grayscale is drying up On Sept. 23, the $12.55 billion closed-end trust was trading at a discount of …

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These 4 Major US Housing Markets Had the Biggest Declines in August - and 3 of Them Are from the Same State

These 4 Major US Housing Markets Had the Biggest Declines in August – and 3 of Them Are from the Same State

These 4 Major US Housing Markets Had the Biggest Declines in August – and 3 of Them Are from the Same State Some of the country’s hottest housing markets are starting to cool, falling by the biggest month-to-month amount in more than a decade, and a lack of affordability is likely to blame. Home values …

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Historic rate hikes mark biggest 6-month rise in 41 years: what you should do with your money

Historic rate hikes mark biggest 6-month rise in 41 years: what you should do with your money

The Federal Reserve announced on Wednesday that it would raise benchmark interest rates by three-quarters of a percentage point and signaled that more hikes were to come. The rise is the third consecutive move of 0.75 percentage points and the fifth increase in the past six months – all part of a central bank effort …

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Biggest bank CEOs deny Rep. Tlaib's sweeping climate demands: 'It would be the road to hell for America'

Biggest bank CEOs deny Rep. Tlaib’s sweeping climate demands: ‘It would be the road to hell for America’

Representative Rashida Tlaib has clashed with major bankers after they rejected her demand to immediately cut all funding to fossil fuel projects. JP Morgan CEO Jamie Dimon told him it would be “the road to hell for America”. Banking industry leaders clashed with Rep. Rashida Tlaib, D-Mich., Wednesday after Tlaib demanded they pledge to immediately …

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Housing bubble woes: House prices fall 3.5%, the biggest monthly drop since January 2016. Sales, already at foreclosure levels, fall further.  Active registrations are still growing

Housing bubble woes: House prices fall 3.5%, the biggest monthly drop since January 2016. Sales, already at foreclosure levels, fall further. Active registrations are still growing

But those sell-offs took place during the “Fed pivot” fantasy that drove mortgage rates down to 5%. Today, mortgage rates are around 6.5%. By Wolf Richter for WOLF STREET. In July and through mid-August, mortgage rates fell from the 6% range in mid-June, on the widely propagated fantasy of a Fed “pivot” on rate hikes. …

Housing bubble woes: House prices fall 3.5%, the biggest monthly drop since January 2016. Sales, already at foreclosure levels, fall further. Active registrations are still growing Read More »

Jim Cramer: My biggest concern with the Fed and why it puts us in a holding pattern

Jim Cramer: My biggest concern with the Fed and why it puts us in a holding pattern

There is a broad perception that Federal Reserve Chairman Jerome Powell doesn’t care about corporate news at all. It is strictly a creature of the government’s major economic reports – the consumer price index, producer price index, industrial production, retail sales and, of course, employment figures not agricultural. He also cares about what his colleagues …

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Biggest interest rate hike in 25 years could mean a showdown at the Bank

A Bank of England thunderbolt awaits. After postponing its decision after the period of national mourning for the Queen’s death, Threadneedle Street could this week launch the biggest hike in borrowing costs in at least 25 years. Announcing its plans a day before the Kwasi Kwarteng mini-budget on Friday, the central bank is expected to …

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Labor Shortages Are Fueling America's Biggest Labor Crises

Labor Shortages Are Fueling America’s Biggest Labor Crises

Exhausted workers in education, health and rail industry retreat after months of staff shortages September 16, 2022 at 4:34 p.m. EDT Striking nurses demonstrate for better working conditions on public sidewalks outside Riverside Hospital September 13 in Minneapolis. (Annabelle Marcovici for the Washington Post) The U.S. economy ground to a halt hours after the shutdown …

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China’s Covid lockdowns are the biggest threat to oil markets | OilPrice.com

The sharp drop in crude oil prices last week following news that China had extended the Covid-19 lockdown in Chengdu, the capital of southwestern Sichuan province, for the majority of its 21 million ‘people, has again highlighted the ability of such news to cause major oil price drops in a market characterized by uncertain supply …

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