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Month: May 2022

Cryptocurrencies

Deductions Allowed for Contributions to a Traditional IRA

Contributions you make to a traditional IRA may be tax-deductible. Find out the income and deduction limits and how to report on your taxes. Traditional individual retirement accounts, or IRAs, are tax-deferred, meaning that you Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

Venture Capital Firms Have Very Bad News for Startups

Sequoia Capital and Y Combinator have told startups that cutting costs is a priority. Venture capital firms such as Sequoia Capital and Y Combinator have sounded the alarm for startup companies that the days of raising Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

Bundesbank Nagel: We must make the first rates move in July

In a Der Spiegel interview, Bundesbank President Joachim Nagel said, “in our June meeting we must send a clear signal where we’re going. From my current perspective, we must then make the first rates move Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

GBPJPY Rangebound after Decline Halts

GBPJPY has experienced a sharp decline after peaking at the six-year high of 168.41 in early April. However, the pair has managed to find its feet and is currently trading sideways, while near-term risks seem Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

Gold Remains Supported But Bulls Need Break of Pivotal Barrier to Resume

Spot gold regained traction and rose on Friday, following a shallow dip in past two days. Near-term action has established above 200DMA that adds to bullish near-term bias, however it is still ranging between 200DMA Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

Luna Is Back After a Multi-Billion Dollar Crash

Luna 2.0 is set to launch following the spectacular crash of its earlier version. Luna is making like the Phoenix. Luna 2.0, a new Terra Luna token, is set to launch on May 27, rising Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

Dollar Index: Dollar On Track for Second Big Weekly Loss on Cooling Expectations for Aggressive Fed

The dollar index dipped to new one-month low in early Friday, with fresh weakness signaling continuation of the downtrend from 105.04 peak (20-year high, posted on May 13), after bears were paused for consolidation in Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

EVs Are in High Demand. But There Is a Big Problem (The Battery)

Consumers’ desire to escape spiraling gas prices switching to electric vehicles are running into some serious headwinds. This isn’t going according to plan. The average gallon of gas in the U.S. hit a high of Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

Stock Market Today – 5/27: Stocks Edge Higher On ‘Fed Pause’ Bets; Retail Earnings Mixed

U.S. stocks are on pace for their strongest weekly gain in two months as investors bet on a pause in the Fed’s rate hike strategy later this year. U.S. equity futures extended gains Friday, putting Read more…

By , 3 years ago May 27, 2022
Cryptocurrencies

Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending

“We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation,” said CEO Bruce Thorn. Big Lots  (BIG) – Get Big Lots, Inc. Report shares plunged lower Read more…

By , 3 years ago May 27, 2022

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