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Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]
“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg. 896 Total views 21 Total shares Meta’s virtual reality (VR) and metaverse division Reality Labs has posted its seventh straight quarter of losses, but CEO Mark Zuckerberg remains steadfast in investing in the technology, which he calls a “massive opportunity. […]
Shares of Cassava Sciences Inc. SAVA, -13.95% plunged 21.0% in trading on Wednesday after Reuters reported that the Justice Department is investigating whether the company manipulated clinical data for a still-investigational Alzheimer’s disease drug, citing people familiar with the matter. Cassava put out a news release in December that said a scientific journal did not […]
The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets. 1026 Total views 22 Total shares Crypto markets have been pumping since the announcement of a 75 basis point interest rate hike in the United States, with experts explaining that the markets may […]
Bitcoin BTCUSD, +1.34% jumped 9% over the past 24 hours, along with stocks’ rally, as the Federal Reserve Chairman Jerome Powell said that he doesn’t think the United States is in a recession. The Fed on Wednesday raised a key U.S. interest rate by 75 basis points, the fourth hike this year, in an aggressive […]
Type: Bullish Momentum Key Levels: Resistance: 12599.75Pivot: 12270.00Support: 12106.25 Preferred Case:On the H4, with price moving in an ascending trend channel, we have a bullish bias that price will continue to rise from the pivot at 12270.00 at the pullback resistance to the 1st resistance at 12599.75 at the swing high in line with the […]