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The S&P 500 is less than 3% from an all-time high. Six of its 11 sectors are within 5% of an all-time high. But even as the U.S. stock market index proves its resilience during a volatile stretch for investors, more money from within portfolios is expected to shift in to privately traded companies.Jan Van Eck, CEO of ETF and mutual fund manager VanEck, says the trend of companies staying private for longer rather than seeking an initial public offering is here to stay and it offers new opportunities.High-profile examples include Elon Musk’s SpaceX, Sam Altman’s OpenAI and fintech Stripe.According…
Daily Silver (XAG/USD) Technically, silver is at a critical juncture. Prices are holding above layered support at $35.40 and $34.87, both of which are previous tops. A clean break below $34.87 would expose the 50-day moving average at $33.20. On the upside, only a move through $36.89 would confirm a bullish continuation pattern. Until then, traders should expect range-bound action. Fed Policy and the Dollar: Crosscurrents to Monitor Silver’s struggle also stems from shifting monetary policy expectations. While soft CPI and PPI prints strengthened the case for Fed rate cuts—supportive for non-yielding assets—the accompanying bounce in Treasury yields and the…
It is every bank boss’s worst nightmare: a panicked phone call informs them a cyber-attack has crippled the IT system, rapidly unleashing chaos across the entire UK financial industry.As household names in other industries, including Marks & Spencer, grapple with the fallout from such hacks, banking executives will be acutely aware that, for them, the stakes are even higher.Within hours of a successful bank hack, millions of direct debits could fail, leaving rents, mortgages and wages unpaid. Online banking may be blocked, cash machine withdrawals denied, and commuters left in limbo as buses and petrol stations reject payments. News of…
Bitcoin (BTC) exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the Israel-Iran conflict.According to data from Farside Investors, the streak began on Monday, June 9, with inflows of over $386 million and continued through Friday, with an additional $301 million in inflows. In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days.Bitcoin ETF inflow data from May 26-June 13. Source: Farside InvestorsThe price of Bitcoin has proved resilient in the wake of the Israeli airstrikes on Iran, dropping by roughly 3% in response to the news.…
Morsa Images/Getty Images If you’re one of the many Americans who freelance or own your own business, you might find a business credit card a useful addition to your wallet. They’re a handy financial tool for separating your personal and business expenses. While business credit cards typically cater to large- or mid-sized businesses, some business cards are well-suited for freelancers and offer generous rewards rates and perks. Comparing the best cards for freelancers Top cards for freelancers Here are some of the best credit cards for the self-employed. These cards can help you manage your small business while simultaneously earning…
The XRP price is back in the spotlight as fresh projections place the digital asset on a steady path toward a $1.5 trillion Market Capitalization and a 27% crypto market dominance. Notably, analysts remain broadly optimistic about XRP’s long-term outlook, pointing to historical trends, current price movements, and key resistance levels as strong indicators backing this bold prediction. XRP Price Eyes $1.5 Trillion Market Cap And 27% DominanceDespite still experiencing strong consolidation, the XRP price is reportedly on track to capture 27% of the total crypto market dominance and reach a $1.5 trillion market cap. This projection by a prominent market…
Ananda Toulon lives in a fantasy world of her own design. From her Uphams Corner studio, she paints whimsy, humor, and surrealism into the world around her. She has done work all over the city – painting murals, mentoring younger artists, and taking private commissions. The fantastical imagery of Toulon’s work comes from her need to self-regulate. “I feel like the style that I developed was because I didn’t have the resources for therapy in my high school years. I was like, ‘It’s time to draw and self-soothe and figure this shit out.’” She sees the act of painting as…
