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As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants. 2163 Total views 43 Total shares Ever since El Salvador legalized Bitcoin (BTC) as mainstream tender, President Nayib Bukele used Twitter on numerous occasions to announce the country’s BTC acquisitions. However, […]
Oil prices ended higher on Tuesday to log their first gain in three sessions. “Risks to energy supplies remain elevated after reports that Iran was planning an attack on targets that include Saudi Arabia and Northern Iraq,” said Edward Moya, senior market analyst at OANDA. Meanwhile, “global economic outlook remains very fragile to a swathe […]
Shares of Intuit Inc. INTU, -7.68% were falling more than 8% in Tuesday afternoon trading after Bloomberg News reported that the company was pausing hiring in its Credit Karma segment amid “revenue challenges due to the uncertainty of the economic environment.” The report cited an email that was sent to employees. Intuit didn’t immediately respond […]
Shares of Catalent Inc. CTLT, -24.13% plunged 23.4% toward a record one-day selloff, and enough to pace the S&P 500’s SPX, -0.30% losers, after the contract drug manufacturing company reported fiscal first-quarter profit and revenue that missed expectations and cut its full-year outlook. The stock’s previous record one-day drop was 18.7% on March 16, 2020. […]
Gold futures settled higher on Tuesday, recouping their loss from a day earlier and then some, as investors awaited Wednesday’s decision on U.S. interest rates from the Federal Reserve. Gold for December delivery GCZ22, +0.60% rose $9, or nearly 0.6%, to settle at $1,649.70 an ounce on Comex, after falling by almost 0.3% on Monday.
Investors have been turning upbeat about government bonds in recent days, helping the benchmark 10-year Treasury note break a 12-week losing streak at the end of last week. A rally in long-dated government debt resumed on Tuesday, following a brief one-day selloff in the prior session — sending yields on the 10- TMUBMUSD10Y, 4.061% , […]