Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset prices, according to the latest data on Monday from asset manager CoinShares. Total assets under management (AUM) in the industry slipped to $29.7 billion as of Jan. 22, from an all-time peak of $34.4 billion on Jan. 8. Grayscale, the world's largest digital currency manager, posted assets under management of $24 billion last week, down from $28.2 billion on Jan. 8.
Major League Soccer announced Monday that the season will start on Saturday, April 3, with training permitted to begin on Feb. 22. The playoffs will begin Nov. 19, and the MLS Cup will be played on Saturday, Dec. 11. In addition to regular-season matches, the MLS All-Star Game will take place in the late summer, though the official venue and date have yet to be announced.
President Joe Biden vowed on Monday to leverage the purchasing power of the U.S. government, the world's biggest single buyer of goods and services, to strengthen domestic manufacturing and create markets for new technologies. The Democratic president signed an executive order aimed at closing loopholes in existing "Buy American" provisions, which apply to about a third of the $600 billion in goods and services the federal government buys each year. The order will make any waivers more transparent and create a senior White House role to oversee the process.
Riccio will report to Chief Executive Officer Tim Cook, Apple said in a statement. Riccio, who joined Apple over two decades ago as vice president of product design, was named vice president of iPad hardware engineering in 2010 and leads the Mac, iPhone, iPad and iPod engineering teams.
Facing a major slump in printed newspaper sales and advertising revenue, Latin America's press is fighting for survival -- and increasingly betting on paid digital subscriptions as readers turn to the internet.
The U.S. government's effort to squeeze more doses from Pfizer Inc's COVID-19 vaccine vials is spurring unanticipated demand for specialized syringes that the world's largest syringe supplier says exceeds existing capacity. Becton Dickinson and Co began scaling up syringe production months in advance of the vaccine rollout, before the U.S. government or its partners knew that a niche type of syringe, known as low dead space, would be needed for getting more shots out of Pfizer's vaccine vials, an executive told Reuters in an interview.
President Joe Biden says the United States should be closing in on Covid herd immunity by summer, with mass vaccinations becoming available in the spring.
Leon Black said on Monday he would relinquish his chief executive post at Apollo Global Management Inc following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein. The review, conducted by law firm Dechert LLP, found Black was not involved in any way with Epstein's criminal activities. Black paid Epstein $158 million for advice on tax and estate planning and related services between 2012 and 2017, according to the review.
The US Senate on Monday voted by a wide margin to confirm Janet Yellen as the first woman to lead the Treasury Department, giving her a key role in Congress negotiations over a huge Covid-19 economic relief package.
(Bloomberg) -- Asian stocks fell Tuesday after a choppy U.S. session as investors mulled the possibility that a fiscal-relief package might be delayed. Treasuries held an overnight climb.Stocks saw modest declines across the region with shares in South Korea underperforming. Tencent Holdings Ltd. led Hong Kong stocks lower after the internet behemoth’s market value rose to the cusp of $1 trillion for the first time Monday. Australian markets are shut for a holiday. S&P 500 futures slipped after the gauge closed higher, though gains were limited after Senate Majority Leader Chuck Schumer said an aid package was unlikely before mid-March and a U.S. health official expressed concern about vaccination delays.Nasdaq 100 contracts also pointed lower as investors awaited earnings from some of the biggest companies. Elsewhere, crude oil fluctuated under $53 a barrel and gold was little changed. European stocks retreated earlier. The dollar held an overnight advance.With global stocks trading around record highs investors are looking for fresh catalysts to push them higher or at least justify current valuations. That could come from a slate of earnings reports due this week. Meanwhile, the possibility that a U.S. fiscal-relief package might be delayed is undercutting a key reason why Treasury yields climbed earlier this year.President Joe Biden said he’s open to negotiate on his $1.9 trillion Covid-19 relief proposal, and is hopeful to bring Republicans behind it, though didn’t rule out pursuing a Democrat-only route. Schumer said earlier Monday he aims to secure passage of the next round of relief by mid-March, just when jobless benefits from the last package will be running out.On the pandemic front, vaccine coverage won’t reach a point that would stop transmission of the virus in the foreseeable future, the World Health Organization said Monday. U.S. infectious-disease chief Anthony Fauci said he’s worried about delays to second doses.These are some key events coming up in the week ahead:Microsoft Corp., Apple Inc., Tesla Inc., Facebook Inc., UBS Group AG and Samsung Electronics Co. are among companies reporting results.Data on U.S. home prices and consumer confidence come Tuesday.The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksS&P 500 futures fell 0.4% as of 11 a.m. in Tokyo. The S&P 500 Index rose 0.4%.Topix Index fell 0.4%.Kospi Index fell 1.3%.Hang Seng Index fell 0.8%.Shanghai Composite Index fell 0.6%.CurrenciesThe Bloomberg Dollar Spot Index was little changed after rising 0.2% Monday.The euro was little changed at $1.2145.The British pound was at $1.3677.The Japanese yen was little changed at 103.70 per dollar.The offshore yuan was at 6.4786 per dollar.BondsThe yield on 10-year Treasuries rose one basis point to 1.04% after declining six basis points Monday.CommoditiesWest Texas Intermediate crude fell 0.1% to $52.71 a barrel.Gold was little changed at $1,859 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The popular Netflix series was renewed for a second season last week
Nissan Motor is accelerating the rollout of electric vehicles in China under its main brand and its local, no-frills Venucia marque as it overhauls its strategy in the world's biggest auto market, four sources told Reuters. Besides the focus on green vehicles, the plan involves using more locally made parts and technologies to reduce costs and help the struggling Japanese carmaker compete better with lower-cost Chinese firms and major global rivals, the sources said. The China strategy is a key pillar of Nissan's turnaround, which involves focusing on producing profitable cars for China, Japan and the United States, rather than chasing all-out global growth as it did under disgraced former boss Carlos Ghosn.
Sony/Screen Gems Escape Room 2 will now open on Jan. 7, 2022. The sequel to the $155M-plus horror film was recently taken off the theatrical release calendar. Previously Sony had the movie set to open on Dec. 30, 2020, then prior to that, Aug. 14, and then even before that date, April 17. The microbudget feature is […]
Oil prices eased on Tuesday, giving up some of the previous session's gains, as hopes for rapid approval of new U.S. economic stimulus faded while new coronavirus infections around the world mount up. Brent crude was down 15 cents at $55.73 by 0135 GMT, having risen nearly 1% on Monday. U.S. crude was also lower, dropping 5 cents to $52.72, after declining 1% in the previous session.
President Joe Biden said on Monday that internal combustion cars and trucks in the federal government's existing vehicle fleet will eventually be swapped out for electric vehicles (EVs). "The federal government... owns an enormous fleet of vehicles, which we're going to replace with clean electric vehicles made right here in America by American workers, creating millions of jobs, a million auto worker jobs, and clean energy, and vehicles that are net zero emissions," Biden said. At the moment, the federal government's standards mandate that it purchase cars in which at least 50% of their parts are made in the U.S. Biden promised to raise that standard, although exact details weren't provided.
A former paramilitary boss accused of crimes including rape, torture and murder arrived in Colombia on Monday after the United States deported him, the Andean country's migration authorities said. Hernan Giraldo, 72, was extradited to the United States from Colombia in 2008, where he served a 12-year sentence for drug trafficking offenses. "He will have to answer for the crimes including forced disappearance, killings, torture, kidnapping, forced displacement, terrorism, rape, forced prostitution, human trafficking and theft, among others," Colombia's migration agency said in a statement.
Impeachment guide: how will Donald Trump's second Senate trial unfold?If the trial is successful it would allow the Senate to bar the former president from holding office in the future
The President announced the plan for the federal government's fleet during an expansion of the ”Buy American” act executive-order press conference.
Wind and several inches of snow caused blustery, near-whiteout conditions across Flagstaff, Arizona, on January 25.Stephanie Lieb posted these videos from her home on the Friday, showing the several inches of snow and the view from her front porch.The National Weather Service said 6 to 10 inches of snow fell in Flagstaff and more snow was forecast to continue falling through Tuesday afternoon. Credit: Stephanie Lieb via Storyful
The Senate has confirmed Janet Yellen as the first ever woman to be US Treasury Secretary. The 74 year old also made history in 2014 when she became the first woman to chair the Federal Reserve. Ms Yellen will play a key role in working with Congress on President Biden's coronavirus stimulus plans and on his pledges to invest $2 trillion (£1.46trn) in infrastructure, green energy projects, education and research to boost American competitiveness.