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© Reuters. FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Summer Zhen HONG KONG (Reuters) – Hong Kong’s largest bitcoin futures exchange-traded fund saw its assets under management swell five-fold in the past five months to just over $100 million, as local investors chased the
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The US Treasury Department in Washington, DC. Mladen Antonov | Afp | Getty Images Credit ratings agency Fitch on Friday affirmed United States’ long-term foreign currency sovereign credit rating at “AA+” with a “stable” outlook. Fitch forecast the country’s gross domestic product growth to slow in 2024, despite its economy proving resilient in the face of higher interest rates. The U.S. economy grew by
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Thianchai Sitthikongsak | Moment | Getty Images Higher mortgage rates continue to hit demand from both current homeowners and potential homebuyers. Total mortgage application volume dropped 5.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made to account for the Presidents Day holiday. The
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