Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level. Data from Cointelegraph Markets and
Month: May 2021
No one was cool like Steve McQueen. It stands to reason that the legendary actor owned a Malibu beach house back in the day; like riding a motorcycle away from Nazis or driving a green Mustang hell-bent-for-leather over the vertiginous streets of San Francisco, he set the standard for how to do it with utter
Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). This latest action follows Marlton’s recent call for DCG and the Grayscale board to do more to narrow the discount on
A new public opinion survey shows broad bipartisan backing for more public support for long-term care, especially at home, even as congressional Republicans appear to be lining up against the idea. According a new survey by The Associated Press-NORC Center for Public Affairs Research, 63 percent of respondents say government should support programs to help
Municipal secondary markets were lightly traded and benchmark yields were little changed on a quiet Monday in which U.S. Treasuries were slightly stronger and all muni eyes are on the week’s new-issues, led by large state general obligation deals along with a diversity of credits from which to choose. This month brings a larger calendar
(Bloomberg) — Silver led gains in precious metals as the dollar dropped and a report showed U.S. manufacturing cooled in April, boosting demand for haven assets. A gauge of factory activity fell in April from a more than 37-year high a month earlier, according to data from the Institute for Supply Management released Monday. Treasuries
Are some false positives more equal than others? by Daniel McAdams and Ron Paul of Ron Paul Liberty Report The CDC has issued new guidelines for measuring “breakthrough” Covid cases (a vaccinated person contracting the virus), recommending that the PCR test cycles be dialed down to below 28 to avoid false positives. False positives could
Broker vs. Market Maker: An Overview There are many different players that take part in the market. These include buyers, sellers, dealers, brokers, and market makers. Some help to facilitate sales between two parties, while others help create liquidity or the availability to buy and sell in the market. A broker makes money by bringing
Germany is to lift restrictions on people who have been vaccinated against Covid-19 as early as this week, in a move that some critics say discriminates against younger people who are months away from getting the jab. The bill was given the green light on Monday by Germany’s “corona cabinet”, which is chaired by the
The Scottish National party is on course to be the largest group in the Scottish parliament after May elections, although it may struggle to secure an overall majority, according to a poll of polls by the Financial Times. The FT is tracking opinion polls about voting intentions ahead of the elections to the Scottish and
Environmental, social and governance reporting has been improving, but questions remain about how advanced it is right now. “From a reporting quality perspective, there’s definitely still room for improvement,” said Desiré Carroll, a senior manager with the Association of International Certified Professional Accountants. “The reporting systems around sustainability information are currently at generally rather immature
After Tilray’s (TLRY) shareholders voted in favor of the proposed merger Aphria (APHA) last Friday, the two cannabis companies announced today the completion of the transaction. The combined company, which will operate under the Tilray name, will be the world’s largest cannabis company, with a market capitalization of approximately $8.2 billion. The combination of Aphria
A general view of the Draft Kings sign on the right field wall during the Major League Baseball game between the Philadelphia Phillies and the Toronto Blue Jays on September 20, 2020 at Citizens Bank Park in Philadelphia, PA. Rich Graessle | Icon Sportswire | Getty Images Check out the companies making headlines in midday
by confoundedinterest17 The April 29th Treasury auction produced some very European/Japanese-like results. As in a 0% 4W high yield rate. And thanks to Green Man (Fed Chair Jay Powell), the Fed’s System Open Market Account Holdings of Treasury Bills soared in 2019/2020 helping to drive the 4W yield to 0%. The 0% 4W yield rate is very
Digital Currency Group, the parent company of Grayscale Investments digital asset manager, is now authorized to purchase up to $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). The company announced Monday that DCG increased its prior authorization to buy up to $250 million worth of GBTC shares by extra $500 million. The share
Amid a flurry of special purpose acquisition companies – both its own and for its portfolio companies – venture capital firm Fifth Wall has turned to Wall Street for its newest partner. Jeremy Fox has joined Fifth wall from Credit Suisse, where he served as a managing director leading its real estate, gaming and lodging
Hip hop legend and recording artist Nasir Jones, known by his stage name “Nas,” recently released a new video with record producer DJ Khaled and rapper Jay-Z. The songwriter mentioned being a “cryptocurrency Scarface” and also mentioned the San Francisco company Coinbase in his rhyme. Nas was an early Coinbase investor back in 2013 and
One third of adults over 65 still have never used the internet, and half don’t even have internet access at home. In San Francisco, “the epicenter of tech,” 40% of older adults do not have basic digital literacy skills. Today, millions are disconnected to culture, but also opportunity. Before we can worry about the intricacies
Northeast states Massachusetts and Pennsylvania will come to market this week with general obligation bond sales of $600 million and $1 billion, respectively. On Tuesday, Massachusetts intends to kick off a busy spring with a $600 million competitive, new-money GO sale. The fixed-rate, tax-exempt issuance will feature a $200 million Series A tranche and $400
By Sumita Layek (Reuters) – Gold prices jumped more than 1% on Monday, pulling along other precious metals with it, supported by a retreat in the dollar and U.S. Treasury yields. Spot gold was up 1.5% to $1,794.28 per ounce by 10:06 a.m. EDT (1406 GMT), after hitting its highest since April 23 at 1794.96.
Something’s not quite right… (by Half Dollar) Sometimes I wonder why I shop at Costco? Crazier yet, why in the heck do I pay to shop there? In a day and age where “shopping around” is easier than ever, I find Costco less and less price competitive and often times more expensive than the competition.
San Francisco-based Uber Technologies Inc. (UBER) took the transportation industry by storm when it released its groundbreaking ride-sharing app in 2009. Uber is available for Google Android, Apple iOS, and as a web app. The app connects riders with nearby screened drivers who provide rides in their private vehicles. Passengers pay competitive prices for the
Australia’s department of defence is reviewing whether to scrap a contentious lease to a Chinese company of Darwin port, which is located close to a US Marines base. Washington has long expressed concern about the 99-year lease, which was sold by the Northern Territory government to Shandong-based Landbridge for A$506m in 2015. The review was
The Confederation of Indian Industry is pushing for a de facto lockdown in the country, calling on the government to implement the “strongest national steps” including curtailing economic activity to combat a calamitous second wave of Covid-19 infections. India reported 370,000 Covid-19 infections on Monday, after reaching a global record of more than 400,000 on
With the COVID-19 vaccine rollout well under way, many office workers are beginning to consider where they want to live and work as their priorities shift. For advisors, one factor in their decision might be the amount they’re likely to get paid, on average, in a new city. A study from SmartAsset identifies the top
Digital Turbine (APPS) has closed the acquisition of mobile advertising platform AdColony. The acquisition is central to Digital Turbine’s goal of offering complete media and advertising solutions to its operator and OEM partners. Digital Turbine CEO Bill Stone said, “We believe that this strategic transaction, along with the previously completed acquisition of Appreciate and pending
by Michael Snyder If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then. In the 1970s, an energy crisis caused tremendously long lines at gas stations all over
Nonfungible token studio, House of Kibaa, has announced an auction of three “Legendary” NBA Top Shot NFTs depicting slam dunks from renowned pro basketball player, LeBron James. The auction will be hosted in partnership with Heritage Auctions, and will run from May 6 until May 20. The three NFTs will be auctioned off as a
For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior. A great number of people have rebutted Schiff’s statements about bitcoin but during the last year, the gold bug has had a different thorn on his side. In recent
Economic growth accelerated sharply in the first three months of 2021. The economy expanded by an annualized inflation-adjusted rate of 6.4% in the first three months of 2021, accelerating growth from the prior three months and thus extending growth for the third quarter in a row. As a result, the economy was 0.4% larger than