By Mark Hunter 1 day agoTue May 17 2022 10:27:49 Reading Time: 2 minutes Portugal will start taxing crypto gains as it prepares to announces its 2022 budget Portuguese Minister of Finance Fernando Medina said that there was no deadline yet on when the rules will come in Citizens will likely see their crypto gains …
New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s …
The Dow and S&P 500 on Wednesday booked their worst daily plunges in about two years, after quarterly retailer results confirmed higher costs for fuel and wages are eating into profits, and U.S. Treasury Secretary Janet Yellen warned of global stagflation taking root. All 11 main industry groups in the S&P 500 index were lower, …
Treasury yields fell across the board on Wednesday, as investors turned pessimistic on signs that inflation is taking a toll on corporate earnings and as they reassessed Federal Reserve Chairman Jerome Powell’s hawkish remarks from late Tuesday. The 30-year rate dropped by the most in a month and Dow industrials finished 1,164.52 points lower. What …
Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue and forecast fell well short of Wall Street expectations amid COVID lockdowns in China and the war in Ukraine. Cisco CSCO, -4.43% shares dropped more than 15% after hours, following a 4.4% decline in the regular session to close at …
Over the weekend, Americans celebrated the four-year anniversary since the Supreme Court ruled that the Professional and Amateur Sports Protection Act (PASPA) doesn’t make sports gambling a federal crime, clearing the way for individual states to offer legal wagering. After the Supreme Court ruled that the Professional and Amateur Sports Protection Act doesn’t make sports gambling a …
The U.S. central bank will continue to raise interest rates at a measured pace until policymakers are confident that inflation is moving down toward the 2% annual rate goal, said Philadelphia Fed President Patrick Harker on Wednesday. “High inflation is a scourge, punishing low- and moderate-income families the most,” Harker said, in a speech to …
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By Mark Hunter 22 hours agoTue May 17 2022 10:27:49 Reading Time: 2 minutes Portugal will start taxing crypto gains as it prepares to announces its 2022 budget Portuguese Minister of Finance Fernando Medina said that there was no deadline yet on when the rules will come in Citizens will likely see their crypto gains …
New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s …