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Bitcoin-Gold Correlation Hits Six-Year High As Debasement Fears Mount
Bitcoin-Gold Correlation Hits Six-Year High As Debasement Fears Mount
Authored by Mathew Di Salvo via BitcoinMagazine.com,
Bitcoin’s correlation with gold is at its highest in six years as investors increasingly look for ways to hedge against currency debasement.
That’s according to a new report from Bitwise, which this week pointed out that the precious metal and leading cryptocurrency are trading in lockstep because the U.S. government has “materially intervened in the macro picture.”
Bitcoin started surging last month, after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The...
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Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater
Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater
With mortgage rates still relatively low, despite a recent jump in interest rates, and a top-down push for affordability, Housing Starts for March soared while the more forward-looking Building Permits disappointed, unexpectedly plunged.
Housing starts soared 10.8% MoM in March (far more than the -0.4% expected drop) while Permits plunged 10.8% MoM (and worse than the -0.4% decline expected)...
This pushed the SAAR totals for Starts to 1.502 million, far above the 1.390 million expected, and the highest since Dec 2024,...
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May 9, 2026 / Tyler Durden
Legendary Candy Company Killed After 141 Years By Soaring Costs
Legendary Candy Company Killed After 141 Years By Soaring Costs
Soaring expenses for raw materials and labor have delivered a blow to yet another longtime business, claiming Lammes Candies, a family-owned confectioner that has operated in the South for more than a century, FOX 7 Austin reports.
The Austin, Texas,-based company recently announced that it will begin an "orderly wind-down of operations" after 141 years of family ownership, according to a statement posted to its Facebook page.
"This was not an easy decision," the candy company wrote. "Lammes Candies has been more...
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