Category: Uncategorized
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Bank of America resets Nvidia stock forecast after meeting with CFO
Nvidia (NVDA) stock has gained about 53% over the past year, at the time of writing, Tuesday afternoon, March 17, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 18% in the same period. While the stock has performed well in the long term, today’s performance is a little bit…
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Crypto ETFs AUM jump $12B since Iran-US tensions began
Crypto-linked Exchange-Traded Funds (ETFs) gained back their bullish momentum while the digital assets market is still dealing with uncertainty. Data shows that crypto ETF assets have surged by around $12 billion since the start of US–Iran tensions. This signals that the capital is quietly rotating back into digital assets. These funds have reportedly pulled in…
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Iran war expected to prevent Bank of England from cutting interest rates as previously anticipated
LONDON (AP) — Until the U.S. and Israel started bombing Iran less than three weeks ago, it was viewed as a near certainty that the Bank of England would cut interest rates again on Thursday. Now it’s a near-certainty that it will leave its base rate unchanged at 3.75%. The start of the Iran war…
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Emergency Declaration law ends Cryptocurrency ATM use in Indiana — sidelining about 800 units
There are more than 70 cryptocurrency ATM’s in Evansville — this is where historically people could buy or send digital currency like bitcoins at a kiosk just like an ATM. But not anymore, as of last week. Evansville Police Department Sergeant Nathan Vancleave said they’re now illegal in Indiana because they have been used to…
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IRS extends relief for crypto brokers
The Internal Revenue Service issued a notice Wednesday extending temporary relief for another year on using alternative methods for brokers of digital assets, such as cryptocurrency. Processing Content Notice 2026-20 extends the temporary relief provided last January under Notice 2025-7 for an additional year. The notice allows eligible taxpayers to use certain alternative methods for…
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Federal Reserve chief Jay Powell says Iran oil crisis will worsen US inflation
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Federal Reserve holds interest rates steady, projects one cut this year
Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut their key rate once in 2026. For now, Fed policymakers left short-term interest rates unchanged Wednesday for the second straight meeting at about 3.6%. In a statement, the central bank…
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Wall Street Lunch: Private Credit Funds Face $10B Investor Exit Wave
georgeclerk/iStock Unreleased via Getty Images Listen below or on the go on Apple Podcasts and Spotify Private credit funds limit withdrawals after wealthy investors seek $10B. (0:15) Alibaba prepares enterprise AI agents launch. (1:38) Record number of companies mention AI on earnings calls. (2:09) This is an abridged transcript of the podcast: Our top story…
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Wall Street has a stark message for Nvidia investors
Jensen Huang walked off the GTC stage on Monday having just projected at least $1 trillion in chip revenue through 2027. Wall Street analysts spent Tuesday calling it a floor, not a ceiling. And Nvidia (NVDA) stock sat there, barely moving, trading right where it was before the whole thing started. That disconnect tells you…
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Bank of England expected to leave interest rates on hold as oil and gas prices surge; UK pay growth hits five-year low– business live
From 47m ago Introduction: Bank of England interest rate decision today Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The world’s central bankers are facing a conundrum right now. With the Middle East crisis pushing up energy prices, inflation risks lingering, and economies looking weak, should…
