Digital real estate platform Roofstock announced on Friday the successful sale of a rental property in Alabama through a non-fungible token enabled by Roofstock onChain, its Web3 subsidiary. What Happened: The transaction was settled via an NFT marketplace on the Ethereum blockchain built by Origin Protocol.
The S&P 500 reached its highest level in five months this week as investors digested another Federal Reserve interest rate hike and a blowout January jobs report.
Senate Democrats are not giving up on marijuana banking reform. Majority Leader Charles Schumer met Wednesday with several other Democratic senators to "ponder the path" that would push cannabis legislation toward approval in this Congress, Sen. Jeff Merkley told The Hill.
The SPDR S&P 500 ETF Trust traded lower Friday after the Labor Department reported blowout U.S. jobs market numbers from January. The U.S. added 517,000 jobs in January, beating average economist estimates of 187,000 jobs.
Apple Inc CEO Tim Cook said the personal computer industry is "very challenged" at the company's first-quarter results conference call on Thursday. What Happened: Responding to a question on the call, Cook said "The [PC] industry is contracting." "I don't know how this year will play out, so I don't want to predict the year.
The SPDR S&P 500 ETF Trust traded lower Friday morning after the Labor Department reported blowout U.S. jobs market numbers from January. What Happened: The U.S. added 517,000 jobs last month, well above average economist estimates of 187,000 jobs.
Ray Dalio, founder, CIO Mentor and member of the Bridgewater Board believes cash is pretty attractive now, both in relation to stocks and bonds. See Also: How To Invest In Startups Dalio's comments come at a time when stocks and bonds are just coming out of a long rout that commenced last year when central banks started hiking policy rates to tackle decades-high inflation.
The International Monetary Fund has said in a blog that central banks must be resolute in their fight against inflation and ensure policy remains appropriately tight long enough to durably bring inflation back to target.
Wharton Professor of Finance Jeremy Siegel has been beating the drum on inflation in recent months, urging the Federal Reserve to cast aside lagging indicators. Now that consumer prices are coming down, he says there's only one indicator left standing between the Fed and a pause.
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