The U.S. Postal Service on Thursday said its annual loss widened to almost $10 billion, although revenue rose slightly after two postage rate hikes this year, part of Postmaster Louis DeJoy’s plan to get the postal agency on a better financial footing. The USPS said it lost $9.5 billion in the fiscal year ended September 30, compared with a loss of $6.5 billion a year earlier. The postal service blamed the
But despite their complexity, former founder and leader of cybercrime cartel Shadow Crew, Brett Johnson told CoinDesk last year that some of Lichtenstein’s laundering methods, such as using Coinbase accounts directly connected to him, “did not make sense” and suggested a lack of experience. “Ilya is a f***ing idiot. If you look at the way he was trying to launder money, he was doing absolutely everything wrong,” Johnson said at
Investing.com – The U.S. dollar pushed further higher Thursday, climbing to a one-year peak after consumer inflation data raised doubts over the extent of Fed interest rate cuts, while Donald Trump started filling the key positions in his new administration. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% higher to 106.807, its highest since early November 2023.
Fixed-income investors are entering 2025 with a strong foundation, Columbia Threadneedle Investments said, adding that bonds are well-positioned to generate healthy returns, with yields at attractive levels and the Fed in a supportive, rate-cutting cycle. Source link
The head of digital assets research at exchange-traded fund (ETF) provider VanEck believes Bitcoin (BTC) is heading even higher this cycle after putting up massive gains. In a new interview on CNBC’s Squawk Box, VanEck executive Matthew Sigel says that Bitcoin may soar more than 102% from its current value. “We think it’s just started. As we expected, Bitcoin saw this high volatility pump after the election. We’re now in
The global crypto markets have toppled $3 trillion in the aftermath of the Trump US Presidential win. According to data from crypto data aggregator CoinGecko, crypto’s total market cap now rests at $3.076 trillion, down 5% in the last 24 hours from a market cap of $3.184 trillion. Bitcoin (BTC) has led the way, up 17.3% from a week ago, currently trading for $89,207. According to a recent Reuters report,
A Dogwifhat smart whale caused a stir across the broader cryptocurrency landscape on Friday, heavily dumping the dog-themed meme token. Recent on-chain statistics indicate that the smart whale traded a whopping 850K coins to book a notable profit of $7.5 million. This trade strategy garnered significant attention as WIF price crashed over 15% intraday, sparking uncertain investor sentiments over whether the token may have topped amid a bull market. Dogwifhat
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and expectations of a Republican lock on power in Washington next year. The bullish plays span a wide array of assets, from electric car maker Tesla to small-cap stocks and regional banks. Together, they have helped
Dr. Geetha Murali, CEO of Room to Read. Courtesy of Dr. Geetha Murali. For Dr. Geetha Murali, the topic of education is a deeply personal one. As the CEO of Room to Read, a leading non-profit organization with the mission to create a world free from illiteracy and gender inequality, she is acutely aware that the power of education could break cycles of poverty and inequality around the world. “We’ve
The UK’s economy grew by 0.1% between July and September, according to the latest official figures. Growth was lower than expected and the Office for National Statistics said activity was subdued across most industries during the three months. Labour made boosting economic growth its top priority when it came into power but Chancellor Rachel Reeves said she was “not satisfied” with these latest figures. This week she announced plans to
