Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
Sen. Cynthia Lummis said the window is closing, but it's not shut yet.
Sen. Cynthia Lummis said the window is closing, but it's not shut yet.
Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen.
Richard Teng, who replaced founder Changpeng "CZ" Zhao in November, is playing the long game.
The homebuilder sector (XHB) is in focus as notable stocks continues to hold steady, though the impending Federal Reserve rate cuts raise questions about the impact on these companies. UBS US homebuilders & building products equity research analyst John Lovallo joins Market Domination to share his outlook. Lovallo notes that homebuilders have been highly focused on maintaining sales volume, but this quarter "they showed some restraint" amid interest rate volatility. "I think it's that pace versus price-type formula that builders are always trying to optimize, and I felt like they did a very good job this quarter in doing so," he tells Yahoo Finance. With high mortgage rates creating continued affordability issues, Lovallo notes that homebuilders have implemented effective incentives to attract homebuyers, such as mortgage rate buydowns. He notes that individuals purchasing homes from public homebuilders are often not paying the headline rate, but a lower one: "That is a tool that these folks have in their toolbox that the existing home market cannot compete with, and frankly the smaller private builders can't compete with either," Lovallo says. When discussing investment strategies, Lovallo names D.R. Horton (DHI) as a top pick, though he remains bullish across the homebuilder sector overall. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
The independent candidate has scheduled a national address for Friday.
Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined.
The issuer has already debuted spot bitcoin and Ethereum funds.
The cryptocurrency industry has made no secret of its displeasure with the Biden administration's approach towards regulating digital assets.
In this week's issue of CoinDesk's newsletter on blockchain technology, we're covering the drama surrounding "wrapped bitcoin" as Tron founder Justin Sun assumes a custody role, signs of upheaval in the Urbit ecosystem and the rise of dark pools on Ethereum.
Nvidia (NVDA) is recovering from the wider tech sell-off in early August, now back up over 30% since then. Is 2024's tech rally broadening out even further as more companies outperform the S&P 500 (^GSPC) market index? Yahoo Finance markets reporter Josh Schafer puts the tech sector — led by the Magnificent Seven names — into the greater context of the broadening summer rally. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.