To The Moon

US Consumer Prices Rose 0.3% in January, More Than Expected, As the Annual Rate Moved to 3.1%

Federal Reserve officials start the year with a problem they would ordinarily love to have: Inflation has fallen much faster than expected.It does, nonetheless, pose a conundrum. The reason: If inflation has sustainably returned to the Fed's 2% target, then real rates -- nominal rates adjusted for inflation -- have risen and might be restricting economic activity too much. This means the Fed needs to cut interest rates. The question is, when and by how much?

BEIJING, Jan 25 (Reuters) - China and Singapore signed an agreement on mutual visa exemption on Thursday, with effect from Feb. 9, Chinese state television CCTV reported.

Hot Chinese ADRs gained in morning trading.Bilibili, Nio rose over 12%; XPeng rose over 9%; NetEase, Li Auto rose over 7%; Alibaba rose over 6%.Jack Ma, the co-founder of Alibaba, has been buying up s

The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 24):Suntec REIT has reported a distribution per unit (DPU) of 7.135 cents for the FY2023 ende

Crypto shares fell in morning trading.MicroStrategy, Marathon Digital, Riot Blockchain fell over 6%; Coinbase, Canaan fell over 5%; Bit Digital fell over 3%.Bitcoin tumbles below $40k, lowest since ET

SummaryThe SEC has approved 10 Bitcoin spot ETFs, with an 11th soon to convert from futures to spot.The introduction of Bitcoin spot ETFs allows easier access for institutional investors through tradi

The following companies saw new developments that may affect the trading of their securities on Tuesday :Singapore Airlines posted a 15.8 percent increase in passenger traffic in December 2023 during the year-end peak travel season. The airline’s revenue passenger kilometres, which indicates the number of passengers carried multiplied by the distance flown, rose 15 percent to 10.1 billion in December 2023 from 8.8 billion the year prior.A Chinese subsidiary of Asian food giant Wilmar Internatio

Regulators have given the green light to the first U.S. exchange-traded funds that directly hold bitcoin. Crypto enthusiasts hope the new funds -- backed by asset managers such as BlackRock and Fidelity Investments -- will draw more mainstream investors into bitcoin.In many ways, the new ETFs are similar to the gold ETFs that emerged in the early 2000s and became a popular way to invest in the precious metal. Instead of buying physical bars of gold, investors could buy shares in a gold fund through their brokerage, just like buying stocks.Similarly, the new spot bitcoin ETFs are designed to make it easier to buy bitcoin. You won't need to set up a digital wallet and memorize your keys, and you won't need to create an account at a crypto exchange. You can just use the same brokerage account that you might already use to trade stocks, bonds and other ETFs.Suppose a stampede of investors buys shares of the bitcoin ETF. Seeing the upswell in demand, the authorize