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Some universities will begin accepting the nontraditional payment method as consumers seek flexible spending options.
Why is gold valuable? For investors, that’s not idle curiosity, it’s worth knowing exactly where an asset’s value comes from before you put money into it. Gold is valuable thanks to a combination of five distinct features: it’s rare, chemically almost indestructible, threaded through thousands of years of human history and culture, genuinely useful in modern industry, and has worked as money and a store of value for longer than any currency still in circulation today. What makes gold valuable isn’t any single one of those properties, it’s that they all reinforce each other, which is a big part of…
Bitcoin’s (BTC) latest rally is primarily driven by improving macroeconomic conditions rather than crypto-specific factors, according to a Thursday report by CoinShares.Bitcoin surges on positive macroeconomic backdropThe firm stated that recent economic data have weakened the case for further US monetary tightening. Calmer inflation and weaker payroll data have increased expectations that the Federal Reserve (Fed) could move toward a less restrictive policy stance.CoinShares noted that Bitcoin remains particularly sensitive to changes in liquidity expectations and real yields, making the shift in rate expectations supportive for the top crypto.“Bitcoin’s latest rally is a macro story, not a crypto one,” CoinShares…
“The public is going to have a harder and harder time accessing these benefits,” union official said.
Gold and the S&P 500 sit at opposite ends of the investment spectrum: one is a finite, physical store of value with thousands of years of history, the other a basket of 500 of America’s largest companies representing the growth engine of the world’s biggest economy. Investors researching gold vs the S&P 500 are usually trying to answer a more practical question underneath the comparison — should I own one, the other, or both? Over the long run, the S&P 500 has outperformed gold as a pure wealth-building asset. But total return isn’t the only thing that matters in a…
The prop trading industry has exploded in popularity, offering traders a chance to access large amounts of trading capital with limited personal risk. However, behind the growth and opportunity lies a darker reality: many prop firms shut down overnight, leaving traders empty-handed. It’s already challenging enough to pass a prop firm evaluation and earn a funded account but that effort means little if the firm disappears the next day. When that happens, traders lose not only the fees paid for the challenge but also any profits and funded balances they’ve built up. That’s why doing proper due diligence before selecting…
Treasury Secretary Scott Bessent’s plan to calm markets is being short-circuited.
Gold jumped 4.4% from Tuesday’s close in Wednesday’s US trade, landing near USD 4,522/oz. Silver did better still, up over 6% and back above USD 67/oz. What lit the fuse was one very specific headline, that the US Treasury would double buybacks of long-dated Treasuries. This came out of the blue, and affects the 10-to-30-year part of the curve, from USD2bn to a min of USD 4bn per operation, starting 9 September. What a buyback does The government buys back debt it had already sold. Bond prices and yields run in opposite directions, so official buying lifts the price and…
The Pound Sterling (GBP) advances on Thursday during the North American session, up 0.25% after US economic data showed that the labor market remains solid, despite a weaker Nonfarm Payrolls in July. The GBP/USD pair trades at 1.3639 after reaching a daily high of 1.3659, its highest level since February.GBP/USD rises as UK inflation offsets solid US labor dataThe Greenback has recovered some ground after posting losses, following the US Department of the Treasury’s announcement of a bond buyback program. The Treasury’s goal is to provide liquidity for the long end of the curve, but markets interpreted the move as…
“I see people who have a lot of money but little or no taxable income who still qualify for ACA Marketplace subsidies.”