Bitcoin Bulls Cite a Simple Reason for Its Rally: Not Enough Coins

What makes the cryptocurrency different from just about any other commodity is its tightly constrained supply. 


 
Aviva Upgrades Targets After Profit Beat

Aviva lifted its operating profit target to around GBP2 billion by 2026 as it reported better-than-expected full-year results. 


 
Nationwide strikes deal to buy Virgin Money for GBP2.9 billion

If completed, the merger would see Nationwide overtake NatWest to become the U.K.'s second largest mortgage and savings provider 


 
Powell Says Fed on Track to Cut Rates This Year

The Fed chair characterizes last year's inflation slowdown as notable and widespread, in remarks prepared for a House committee hearing. 


 
Bank of Canada Keeps Policy Rate at 5%, 'Too Early' to Weigh Cuts

The central bank seeks more evidence that underlying inflation and wage growth are on a sustainable slowing trajectory. 


 
New York Community Bancorp to Get More Than $1 Billion Investment

Former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital is among the investors in the troubled lender. 


 
Bitcoin Bounces Back to Near Record Highs. A New Bull Cycle May Just Be Starting.

In a market defined by fear-of-missing-out, or FOMO, dynamics, Bitcoin's fresh record could spur further buying. 


 
Banks Face 'Hacktivist' Cyberattacks

Politically motivated hackers are the main driver behind a surge in denial-of-service attacks against banks and other financial services firms worldwide, researchers say. 


 
Legal & General Falls on Profit Miss

Legal & General was the biggest faller on the FTSE 100 after it posted full-year operating results below consensus, but said it was on track to meet its midterm goals. 


 
He Lost $500,000 on Bitcoin. Now He's Celebrating.

The believers who rode bitcoin to an all-time high-and the ones who missed out.


(END) Dow Jones Newswires

03-07-24 0715ET