In a surprising turn of events, banks in the Gulf Cooperation Council (GCC) countries are sitting on more liquid cash than many of their global counterparts. This shift is largely due to the high interest rates in Europe and other regions, according to an executive from Qatar National Bank. Speaking
Cook County has a big problem on its hands. The county is looking at a $218 million budget gap next year. Why such a huge gap? Well, it's mainly because of the raises given to county employees and the increasing pension payments that come with those raises. But here's an interesting twist – this yea
Let's talk about stocks that made big moves on Monday. The day started with stock futures going up slightly, kicking off the third quarter of 2024. Spirit AeroSystems (SPR) had a fantastic day, jumping over 8% after Boeing announced they'll buy the company for around $8.3 billion. This is a big deal
Cryptocurrency firm Circle made a big move on Monday. It got registered as an electronic money institution, or EMI, in France. This new license allows Circle to issue its stablecoins in compliance with the European Union's strict crypto rules. These rules are part of something called MiCA, which sta
Are you a crypto trader? The US government is about to make your life a little different. The Treasury Department and IRS have rolled out new rules that will change how cryptocurrency exchanges operate, especially when it comes to taxes. From now on, if you use a centralized exchange like Coinbase,
The IRS has finally released their long-awaited tax reporting guidelines for digital assets. This means crypto investors need to get ready, as changes are coming soon. Starting in 2026, brokers will have to report gross proceeds from sales made in 2025 using a new form called 1099-DA. A year later,
Bitcoin's price has taken a steep dive, falling 8% over just two days. What's behind this drop? Some major players are selling their bitcoins. The infamous Mt. Gox exchange, which went bankrupt back in 2014 after a huge hack, has started paying back its creditors. It's estimated that Mt. Gox still h
Anthony Scaramucci, the founder of Skyridge Capital, is optimistic about Bitcoin's future. He believes several factors could push the cryptocurrency's price to $100,000 or even higher by the end of the year. Despite recent drops, Scaramucci sees a strong comeback ahead. One reason for Scaramucci's
Get ready! On Tuesday, July 23, Ethereum ETFs are set to hit the market. These new funds will let investors buy Ethereum, the second most popular cryptocurrency, like regular stocks. The Securities and Exchange Commission (SEC) has given the green light to eight funds that will start trading this da
After two days of decline, cryptocurrency prices made a comeback on Friday, with Bitcoin and Ether both up by 4%. This rally followed a tough week for risk assets, with the Nasdaq Composite and S&P 500 suffering significant losses. However, these stock indices managed to rebound on Friday. In the cr
