Business

Here’s why bears aim to keep Bitcoin under K ahead of Friday’s 0M BTC options expiry

Here’s why bears aim to keep Bitcoin under $29K ahead of Friday’s $640M BTC options expiry

Over the past nine days, Bitcoin’s (BTC) daily closing price fluctuated in a tight range between $28,700 and $31,300. The May 12 collapse of TerraUSD (UST), previously the third-largest stablecoin by market cap, negatively impacted investor confidence and the path for Bitcoin’ price recovery seems clouded after the Nasdaq Composite Stock Market Index plunged 4.7% …

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Ford recalls thousands of SUVs because engines might catch fire

Ford recalls thousands of SUVs because engines might catch fire

Ford Motor Co. has asked the owners of 350,000 vehicles to take them into dealerships to be repaired under a three-pronged recall announcement. About 39,000 of those vehicles should be parked outdoors because their engines could catch fire, Ford said. The Michigan automaker said in US government documents posted Thursday that it doesn’t know what’s …

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FDA head: Baby formula factory could reopen by next week

FDA head: Baby formula factory could reopen by next week

WASHINGTON (AP) — The head of the Food and Drug Administration told lawmakers Thursday that a shuttered baby formula factory could be up and running as soon as next week, though he sidestepped questions about whether his agency should have intervened earlier to address problems at the plant that triggered the national shortage. FDA Commissioner …

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McDonald’s era in Russia coming to a close, restaurants sold out

McDonald’s era in Russia coming to a close, restaurants sold out

McDonald’s is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing Cold War tensions between the United States and Soviet Union By DEE-ANN DURBIN AP Business Writer May 19, 2022, 3:39 PM • 3 min read Share to FacebookShare to TwitterEmail this article McDonald’s is …

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Existing home sales fell in April to lowest level since start of pandemic

Existing home sales fell in April to lowest level since start of pandemic

A sale pending sign is posted in front of a home for sale on March 18, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Sales of previously owned homes in April fell to the lowest pace since the Covid pandemic started, according to the National Association of Retailers. Existing home sales declined 2.4% …

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