Author: IA PressRoom

Bitcoin / Source: AdobeBitcoin (BTC) is now undervalued versus the S&P 500.That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price based on the current S&P 500 price.This methodology (an OLS regression of the Bitcoin and S&P 500 prices over the last 200 days) comes up with a fair value of 27,550 for BTC.At its current price almost exactly $1,000 lower in the mid-$26,000s, bitcoin is currently undervalued versus this estimate of fair value by…

Democratic presidential candidate Marianne Williamson’s new campaign manager has previously faced accusations of financial fraud for allegedly using organization funds on personal expenses.The new campaign manager, Roza Calderon, was accused by the Placer Women Democrats in 2017 of spending almost $1,900 from the organization’s bank account on multiple personal expenses, including one instance in which the manager allegedly spent organization funds on tickets to a concert, according to reporting from Politico Thursday.The group alleges that Calderon, who was serving as a volunteer treasurer at the time and had access to the organization’s online accounting ledger, used the credit card for…

Cohen & Steers AUM dips 3.8% in May, hurt by market depreciation, outflows

Some GM cars will be able to use Tesla’s Supercharger network.  Ford and Tesla made a similar partnership announcement in May.  Lack of charging access is one of the biggest hurdles to EV adoption right now.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app General Motors vehicles will soon be able to charge at a large swath of Tesla’s vast Supercharger network starting in 2024, the two companies announced Thursday. GM vehicles will have access to 12,000 Superchargers next year, the company said, with the…

© Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Surprisingly strong household spending in the first quarter and stubbornly high core inflation were among the top reasons the Bank of Canada hiked rates after a four-month pause, a senior official said on Thursday. Deputy Governor Paul Beaudry also warned consumers that in the future, interest rates were likely to remain higher than Canadians had been used to before the COVID-19 pandemic. The Bank of Canada (BoC) on Wednesday…

© Reuters. Investing.com — The Dow closed higher Thursday as tech resumed its advance supported by a drop in Treasury yields after data showing jobless claims jumped to 20-month highs stoked expectations for a Federal Reserve pause next week. The rose 0.5%, or 168 points higher, the rose 1%, and the was up 0.6%, Initial Jobless claims rose 28,000 to 261,000, the largest jump since October 2021, pointing to signs of cooling in the labor market. “We remain of the view that the risk of a full-blown layoff cycle later in the Summer remains substantial as businesses will look to…

© Reuters. FILE PHOTO: Sudan People’s Liberation Movement-North chairman Abdelaziz al-Hilu addresses delegates after signing a declaration of principles between Sudanese Transitional government and the Sudan People’s Liberation Movement – North in Juba, South Sudan KHARTOUM (Reuters) – Residents of Sudan’s South Kordofan State reported mobilisation by a large rebel force on Thursday, raising fear that internal conflict could spread in the country’s southern regions. The rebel force, the SPLM-N, is led by Abdelaziz al-Hilu, and is estimated to contain tens of thousands of men as well as heavy weaponry. It is unclear what position Hilu might take in the…

Source: AdobeStock / piter2121Binance’s US branch, Binance.US, was deeply unprofitable in 2022 and lost as much as $181 million for the year, a new filing made by the Securities and Exchange Commission (SEC) has revealed.The loss came despite Binance.US receiving some $132 million last year from its parent company BAM Management, and occurred due to challenging market conditions in crypto, according to FGMK, an auditor hired by Binance.US.The news was first reported by the Wall Street Journal on Wednesday.Judging from the filed documents, Binance.US further recorded approximately $150 million in revenue for 2021, driven by surging crypto prices and increased…

CNN  —  The Supreme Court on Thursday ordered Alabama officials to redraw the state’s congressional map to allow an additional Black majority district to account for the fact that the state is 27% Black. The decision – that affords additional opportunities for minority voters to elect the candidate of their choice – comes as a surprise given the conservative majority on the court. Alabama currently has seven congressional districts, with six represented by Republicans. Supporters of voting rights had feared that the court was going to make it harder for minorities to challenge maps under Section 2 of the historic…

It makes sense to avoid conversations about money when they arise because of money problems. Who wants to argue, let alone about money?  Dodging a dispute with your partner about a problem with money is not the same as avoiding money conversations altogether. There are many reasons why this stonewalling might be happening. Perhaps a spouse is a financial abuser or is committing financial infidelity. Or maybe your partner could be a “money avoider.” Money-avoiders often see money as a force that stirs fear, anxiety or disgust. The extent to which such feelings cause them to put their heads in the…