Outflows from U.S. ETFs tracking Ethereum’s spot price hit $197 million on Monday—the second-highest figure ever for daily withdrawals.
The sell-offs come as the queue for unstaking ETH also surged to new records, with $3.9 billion worth of withdrawals now pending.
BRN Head of Research Timothy Misir warned both factors are “pressuring near-term sentiment.”
By Davide Barbuscia
NEW YORK (Reuters) -As U.S. debt swells and the White House leans on the Federal Reserve to cut interest rates,
Don’t expect the Fed to rescue the housing market.
Markets have their eye on the Fed’s likely interest rate cut in September, but Peter Boockvar, the CIO of One Point BFG Wealth Partners, has a two-part thesis as to why housing will stay expensive, even if the Fed trims its benchmark rate.
Prices rose 3.8% in the year to July, up from 3.6% the previous month, stoking fears that interest rates will remain higher for longer as the Bank of England continues to battle stubborn inflation, writes Kevin Pratt.
» Read more about: Future Rate Cuts In Question As Inflation Hits 3.8% In July »
LONDON (AP) — Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year.
The Office for National Statistics said consumer price inflation was 3.8% in the year to July,
“This is a lifetime decision, so you’re seeing a smaller benefit” year after year, Eskovitz says. “If you don’t have any other retirement income, that can be really devastating.”
Video: Should You Claim Early Social Security During an Economic Downturn?
» Read more about: AARP Exclusive: Why More Americans Are Suddenly Claiming Social Security Early »
By Johann M Cherian and Sanchayaita Roy
(Reuters) – The blue-chip Dow was just shy of a record high on Tuesday as Home Depot shares gained after the retailer kept its annual forecasts intact,
» Read more about: Dow edges higher as Home Depot puts focus on retail earnings »
The funds in most retirement accounts are pretty basic: stocks and bonds.
Now, an executive order signed by President Trump aims to lay the groundwork for an array of “alternative assets,” including cryptocurrency, real estate and private equity, to be included in 401(k) and similar accounts.
These accounts are retirement plans offered by employers that workers can contribute to.
» Read more about: Private equity and crypto could be heading for your 401(k). Here's what to know »