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Bitcoin shares jump 10% after Elon Musk’s statement

During Sunday evening, the shares of virtual currency Bitcoin’s price advanced following the Tesla CEOElon Musk stated that the electric vehicle manufacturer could consider bitcoin transactions again in thefuture.Toward the end of Sunday, Bitcoin soared 10.2% to $38,903.23, as per data from Coindesk. Since thestart of 2021, bitcoin has jumped more than 30%, despite its…
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U.S. banks will likely report ‘record level’ earnings in 2021, says IIF

According to the Institute of International Finance, U.S. banks will probably report “record level”earnings this year as the American economy is stabilizing and financial markets seem to be goingupward.On Friday, the chief executive of the IIF, Tim Adams stated that the economy, that is recovering, willfasten the bank lending and fee income while more investing…
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Elon Musk says Tesla has not sold any Bitcoin

On Monday, the CEO of the automobile giant Tesla, Elon Musk, stated that his company “has not soldany Bitcoin,” via a tweet.“To clarify speculation, Tesla has not sold any Bitcoin,” Musk said on Twitter..According to data from Coin Metrics, the price of bitcoin became stable only to a certain — trading at$44,680 as of 2:35…
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Stock futures rise

During the overnight session Sunday evening, futures contracts surged to a certain extent implying thatthe major U.S. equity indexes could be able to trade at or near records once regular trading is active inNew York, as reported by CNBC.Dow futures added 98 points, while those linked to the S&P 500 advanced 0.25%. Nasdaq 100 futuresjumped…
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Dow futures surge beyond 170 points to start May

During early morning trading on Monday, U.S. stock futures advanced as investors were getting ready tothe first trading day of the new month.Dow futures added 171 points. S&P 500 futures soared 0.4% and Nasdaq 100 futures jumped 0.1%.As reported by CNBC, Berkshire Hathaway shares went up 1% in early trading following Warren Buffett’sconglomerate reported a…
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China wants its financial institutions to go green

The Asian giant wants the financial institutions to move toward green finance as soon as possible inorder to achieve China’s carbon neutrality goals, according to the central bank governor Yi Gang whostated so at the Boao Forum on Tuesday.The Chinese President Xi Jinping is planning to bring the country’s climate-warming greenhouse gasemissions to a peak…
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S&P 500 drops slightly

On Thursday, the S&P 500 index fell to a certain extent, adding to its volatile movements in March.The Dow Jones Industrial Average went down 60 points, while the S&P 500 tumbled 0.3%, going downfor the third consecutive day, as reported by CNBC. The Nasdaq Composite slipped 0.5% as Big Tech wasunder risk again. Netflix shed…
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The US president to ease COVID restrictions

The Biden administration is planning to dial down restrictions in May on travel across the borders withMexico and Canada and on inbound international travel from the UK, Europe and Brazil, reported by twosources that are familiar with the matter.“There is going to be a sea change in mid-May when vaccines are more widely available to…
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Bitcoin goes beyond $1 trillion in value

On Tuesday, Bitcoin’s value went beyond $1 trillion on Tuesday as the result of its price surging.The price of the cryptocurrency advanced on Tuesday and its market capitalization surpassed $1 trillionin the morning session trade Singapore time, according to CoinDesk, as reported by CNBC.Bitcoin succeeded in adding to gains by marking a 24-hour high of…
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Stock futures are stable

On early Wednesday, S&P 500 futures were neutral as investors were observing whether the samepattern as late-day Tuesday would continue.Futures contracts for the Dow Jones Industrial Average showcased signs of an opening gain of about 23points. Futures tied to the S&P 500 were neutral. Nasdaq 100 futures dropped by 0.2%, as reported byCNBC.Tesla shares jumped…
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