Bitcoin’s price has experienced a slight fall on Thursday, reflecting the overall caution in the market due to an upcoming U.S. inflation reading that could impact the outlook for interest rate cuts. This decline comes on the heels of a broader risk-off movement in financial markets, which has particularly affected the prices of cryptocurrencies. Throughout
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The Municipal bond market experienced little change as U.S. Treasury yields rose and equities ended mixed. However, there was a notable increase in demand for high-yield bonds, with inflows of $357.5 million reported after $355 million of inflows the previous week. This surge in demand indicates that investors are looking for higher returns despite the
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The U.S. dollar has managed to edge higher after hitting a 13-month low earlier in the week. The Dollar Index, which measures the greenback against a basket of other major currencies, rose by 0.2% to 101.182. This rebound is partially attributed to the dollar’s safe-haven status amidst growing concerns about trade tensions between China and
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Best Buy recently announced that it has raised its fiscal-year profit guidance after surpassing both earnings and revenue expectations for the most recent quarter. This move has sparked optimism among investors and analysts alike, with the retailer now expecting to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from
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The municipal bond market has been relatively steady in recent days, with the Investment Company Institute reporting significant inflows into municipal bond mutual funds. This influx of funds has not resulted in major fluctuations in the market, as U.S. Treasuries remained relatively unchanged across various maturity levels. However, while municipal bond yields have not seen
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