• Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic0

    [ad_1] Cryptocurrency prices also dropped precipitously. The price of Bitcoin fell as low as $26,000 on Thursday, down 60 percent from its peak in November, before rising somewhat. Since the start of the year, Bitcoin’s price movement has closely mirrored that of the Nasdaq, a benchmark that’s heavily weighted toward technology stocks, suggesting that investors

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  • Senate Confirms Philip Jefferson as a Fed Governor0

    [ad_1] Philip N. Jefferson, a college administrator and academic economist, was confirmed to the Federal Reserve’s Board of Governors on Wednesday. Senators approved him for the job in an overwhelming bipartisan 91-7 vote. He is the third of President Biden’s nominees to secure a spot on the Fed’s seven-person board: Lisa D. Cook was confirmed

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  • Has the Milky Way’s Black Hole Come to Light?0

    [ad_1] What’s going on with our galaxy? Astronomers have long suspected that 26,000 light-years away in the constellation Sagittarius, lurking behind the clouds of dust and gas that shroud the center of the Milky Way, there is a massive black hole. Into this darkness, the equivalent of millions of stars have been dispatched to eternity,

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  • Bitcoin Is Increasingly Acting Like Just Another Tech Stock0

    [ad_1] SAN FRANCISCO — Bitcoin was conceived more than a decade ago as “digital gold,” a long-term store of value that would resist broader economic trends and provide a hedge against inflation. But Bitcoin’s crashing price over the last month shows that vision is a long way from reality. Instead, traders are increasingly treating the

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  • Kyrie Irving Wants the Nets, but Do the Nets Want Him?0

    [ad_1] As the Nets’ disappointing season reached its end after they were swept by the Boston Celtics in the first round of the Eastern Conference playoffs, Kyrie Irving made clear that he was committed to the Nets for the long term. But after a season in which Irving played only 29 of the 82 regular

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  • Bloomberg Aims to Compete Directly With British Press0

    [ad_1] Bloomberg Media has decided to aggressively court a British audience, the first prong in a retooled global strategy for the business news giant. On Wednesday night, executives introduced a venture that they hope could generate $100 million in annual revenue: Bloomberg UK, a brand meant to compete directly with The Financial Times and The

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