Category: Michigan
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Michigan Proposes Strategic Bitcoin Reserve
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Michigan recently took an important step in the field of encrypted currency policy, to become the latest American country suggest Create a strategic bitcoin reserve. On February 13, actors, Brian Potomos, and Ron Robinson HB 4087, a draft law aimed at amending the state’s budget management law. This proposed legislation…
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Musk-backed PAC under investigation for potential violations of Michigan laws By Reuters
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A political action committee backed by billionaire Elon Musk is under investigation in Michigan for possible violations of state laws, a spokesman for the Michigan secretary of state’s office said in a statement Sunday. Tesla (NASDAQ:) CEO Elon Musk previously said he had created a political action committee focused on…
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Michigan adds $6.6m in Bitcoin ETFs to pension fund
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The Michigan State Retirement System has invested $6.6 million in ARK 21Shares’ ARKB Bitcoin ETF. Investing in exchange-traded funds, a statement On Form 13-F filed with the Securities and Exchange Commission, that amount represents a small portion — 0.004% — of the state’s massive $143.9 billion pension fund. Michigan’s decision…
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Michigan adds $6.6m in Bitcoin ETFs to pension fund
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The Michigan State Retirement System has invested $6.6 million in ARK 21Shares’ ARKB Bitcoin ETF. Investing in exchange-traded funds, a statement On Form 13-F filed with the Securities and Exchange Commission, that amount represents a small portion — 0.004% — of the state’s massive $143.9 billion pension fund. Michigan’s decision…
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University of Michigan consumer sentiment for July 66.4 versus 66.0 estimate (and prelim)
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Previous month 68.2 Current status 62.7 vs. 64.1 initially and 65.9 last month. Expectations: 68.8 vs. 67.2 initially and 69.6 last month One-year inflation expectations: 2.9% vs. 2.9% initially and 3.0% last month. 5-year inflation forecast 3.0% vs. 2.9% initially and 3.0% last month Mix of details compared to the…
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Despite the big miss in the Michigan survey, the USD is little changed near highs.
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Michigan survey numbers were much weaker than expected. Despite the sharp declines, the dollar is stable and is trading near its highs against the euro and the pound. The Michigan poll may lose some steam as politics dominate the election. If you’re a Trump supporter, it’s dire. If you’re a…
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Michigan tornado and Ohio and Maryland storms kill toddler and injure at least 13
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A tornado that struck suburban Detroit earlier this week toppled trees that blew off the roof of Abe Satta’s family home, sending water pouring down. Although they now had a giant crane removing trees from the house, they were lucky that no one was hurt. The tornado that destroyed Sata’s…
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University of Michigan consumer sentiment versus 69.1 estimate. Preliminary 67.4
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The University of Michigan’s final consumer sentiment results for May show: Consumer sentiment 69.1 vs. 67.5 estimates and 67.4 preliminary. Last month 77.2. Expectations: 68.8 vs. initial 66.5. Last month 76.0 Current conditions: 69.5 vs. initial 68.8. Last month 79.0. One-year inflation forecast is 3.3% versus 3.5% initial. It is…
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Bird flu FAQ: H5N1 dairy cow outbreak in Texas, New Mexico, Michigan
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Just when you stopped hearing regularly about coronavirus (COVID-19) in the news, another infectious disease began dominating the headlines this spring: bird flu. The good news is that — at least for now — public health experts don’t see the latest bout of bird flu evolving into something resembling a…