Ethereum passed $4,000 over the weekend to mark another high for the second week in a row, MarketWatch reported. Ether surged to a fresh record high of $4,058.82 on Sunday night, based on Kraken data.The digital coin is now valued to have a market capitalization of $460 billion, after climbing by over 30% in the past week. Ether topped $3,000 for the first time last … [Read more...] about Ethereum Breaks Past $4,000 to Smash Record for Second Week in a Row
Forex News
Fed Says Banks Weathered Pandemic Well As Leverage Remains Low
Banks in the United States remain well capitalized as leverage remains low, the Federal Reserve said in its latest Financial Stability Report. The Tier 1 ratio, which measures the equity capital versus risk-weighted assets, increased on net for the majority of American banks over the past year.The Fed said banks have weathered the pandemic "well," as profitability … [Read more...] about Fed Says Banks Weathered Pandemic Well As Leverage Remains Low
FED Believes Risks on Business Debt Remain On The Upside
Risks from debt owned by businesses remain elevated even after declining since mid-2020, the Federal Reserve said in its latest Financial Stability Report. Businesses remain under "considerable strain" as debt remained at a high level relative to the gross domestic product (GDP), even if this was little changed versus the second half of 2020.There were less bond issuances, … [Read more...] about FED Believes Risks on Business Debt Remain On The Upside
Federal Reserve Flags Downside Risks To Asset Valuations
The United States Federal Reserve flagged the vulnerability of asset prices to significant declines, following the steady increase in several markets since November. Long-term Treasury security yields have climbed to pre-pandemic levels in recent months, but remain low compared with historical ranges as risk compensation measures were implemented.In its latest Financial … [Read more...] about Federal Reserve Flags Downside Risks To Asset Valuations
Unemployment Claims Hit Pandemic Low for Fourth Consecutive Week
Jobless claims in the United States dropped to the lowest level since the coronavirus disease 2019 hit the economy for the fourth straight week, the Labor Department reported. Initial jobless claims fell 92,000 to 498,000 for the week ending May 1. This is the lowest since claims were recorded at 256,000 for the week ending March 14, 2020.The previous week's level was … [Read more...] about Unemployment Claims Hit Pandemic Low for Fourth Consecutive Week
