Russian authorities can now convert seized Bitcoin into state funds
Russian authorities are building a legal and operational framework to convert seized Bitcoin (BTC) into cash for the state treasury, as the country grapples with regulatory uncertainty surrounding cryptoassets.The effort, led by the Federal Bailiff Service (FSSP), follows the confiscation
Mitsubishi commits $27B investment over 3 years to fuel growth
Japanese trading giant Mitsubishi Corp has unveiled a three-year growth strategy that involves investing at least 4 trillion yen ($27 billion) by the 2027/28 financial year. The company said it is targeting a net profit of 1.2 trillion yen for
S&P, Nasdaq rise as investors await US tariff clarity; Johnson & Johnson slips, PVV Corp jumps
The S&P 500 experienced volatility on Tuesday and was in the green. Investors were awaiting clarity from US President Donald Trump regarding tariff policy, and weaker-than-expected economic data also put pressure on Wall Street.The broad market index was up 0.5%
UnitedHealthcare CEO Brian Thompson murder case: DOJ to seek death penalty for Luigi Mangione
The US Department of Justice has announced its intent to seek the death penalty for Luigi Mangione, the 26-year-old charged with the December murder of UnitedHealthcare CEO Brian Thompson. Attorney General Pam Bondi confirmed the decision on Tuesday, stating that
Here’s why the Hang Seng Index comeback could be epic
The Hang Seng Index has pulled back in the past few weeks, erasing some of the gains made earlier this year as investors brace for a prolonged trade war between the United States and China. It slipped from the year-to-date
IWM ETF: Here’s why the Russell 2000 has crashed and what next
The iShares Russell 2000 Index (IWM) has suffered a big reversal after surging to a record high earlier this year. The fund, which tracks the top small cap companies in the US, retreated to a low of $200, down by
Lloyds share price risky pattern points to a pullback in April
Lloyds Bank share price has done well this year. It jumped by over 32% this year, joining other European banks that have surged. It peaked at 74.40p in March, bringing its market cap to over £43 billion. It has jumped
Trump effect? Newsmax (NMAX) stock soars 500% on NYSE debut as right-wing media demand surges
Newsmax, the conservative cable news network, made its public debut on the New York Stock Exchange on Monday, defying market trends with an explosive opening. Trading under the symbol “NMAX,” the stock opened at $14 after being priced at $10
Will the S&P 500 rebound in April after its worst monthly drop since 2022?
US stocks are ending March with a decline they haven’t seen in a single month since September of 2022 as the White House continues to stir uncertainty for global investors.Fears of Trump’s tariffs leading to trade tensions and even a
JEPI and JEPQ ETFs: Scorecard as S&P 500 and Nasdaq 100 crashed in Q1?
US stocks were tested in the first quarter as the fear and greed index plunged to the extreme fear zone of 18. The tech-heavy Nasdaq 100 index crashed into a correction, falling by over 13% from its highest point this
Top tariff-proof S&P 500 index stocks to buy in April
The upcoming Liberation Day tariffs by Donald Trump will be the main catalyst for the stock market in April. These tariffs helped to tank the stock market in Q1, with the S&P 500 index falling by double digits during the
Musk sued by SEC for $150M profit from delayed Twitter stock disclosure
The US Securities and Exchange Commission (SEC) is proceeding with a $150 million lawsuit against Elon Musk over alleged securities fraud during his 2022 acquisition of Twitter, now known as X. The agency claims that Musk failed to disclose his
China’s manufacturing hits 1-year peak as economic stimulus measures kick in
China’s manufacturing activity grew at its fastest pace in a year in March, reflecting the impact of Beijing’s stimulus measures on economic recovery. However, escalating trade tensions with the US present challenges to sustained growth.China’s manufacturing PMI risesThe official purchasing
Asian stocks bleed on Monday: Nikkei crashes 4%, Hang Seng down 2%
Asian stock markets tumbled on Monday, tracking Wall Street’s weak close on Friday as concerns over US President Donald Trump’s upcoming tariffs rattled investors. The most significant hit came from Japan, where the Nikkei 225 plunged 3.9%, leading the regional
Rolls-Royce share price hits turbulence: can it still surge to 1,000p?
The Rolls-Royce share price has stalled in the past few ways as concerns about costs and supply chain issues remained. The RR stock retreated to 775p on Friday, down from the year-to-date high of 817p. This article explores why the