Investing in Currencies

Investing.com-- The price of bitcoin hit an over two-year high on Tuesday, with the world’s largest cryptocurrency crossing key levels amid consistent capital flows into the recently approved spot exchange-traded funds.  rose 3.2% to $50,160.2 by 20:13 ET (05:13 GMT), crossing the $50,000 mark for the first time since December 2021. The token was now about $19,000 away from making new record highs. Gains in bitcoin came amid consistent capital flows into the recently-approved spot ETFs, which saw net inflows of over $1 billion in the past week, digital asset...

CHICAGO - Potbelly (NASDAQ:) Corporation (: PBPB), the well-known sandwich shop chain, has secured a new $30 million revolving credit facility with a significantly reduced interest rate, the company announced today. The new credit arrangement, which matures on February 7, 2027, is provided by Wintrust Bank and marks a 600-basis point decrease in the interest rate margin compared to the company's previous term loan.The current interest rate for the new facility is set at SOFR + 325 basis points, a reduction from the previous SOFR + 925 basis points. Depending...

Bank of America equity strategists highlighted the continued preference for cash among investors, with cash seeing a significant $40.1 billion inflow for the week ending February 7th.In contrast, US stocks experienced their largest outflow in five months, totaling $15.6 billion, underscoring a shifting sentiment away from American equities. On the other hand, emerging market equities enjoyed a record inflow of $20.8 billion, propelled mainly by substantial investments in China, which accounted for $19.8 billion of the total, likely spurred by allocations from China's public funds.BofA strategists interpret these movements as...

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