Elon Musk's Space Exploration Technologies Corp. will undergo a Dogecoin-funded mission to the moon through a partnership with Geometric Energy Corp., MarketWatch reported. Under the partnership, a 40-kilogram satellite will be sent to the moon in the first quarter of 2022 on a Falcon 9 rocket.SpaceX Chief Executive Elon Musk on Twitter said the mission will mark the first … [Read more...] about Spacex Aims for the Moon in Dogecoin-Funded Mission
Forex News
Americans Tighten Belts As Consumer Prices Rise
The American public is now weighing which products to purchase as prices have continued to increase as the economy recovers from the COVID-19 pandemic, the WSJ reported. Consumer prices grew 2.6% year-to-date in March to mark the biggest yearly increase since August 2018, according to the Labor Department.With the increase in the prices of goods, consumers are now looking at … [Read more...] about Americans Tighten Belts As Consumer Prices Rise
Ethereum Breaks Past $4,000 to Smash Record for Second Week in a Row
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
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
