Bitcoin’s price has been rallying in tandem with altcoins, sending mentions of the markets flipping back to a bullish supercycle for Bitcoin (BTC). The flagship cryptocurrency went through the resistance levels of $42,000 for the first time since May 19, hitting a peak of $42,541 on July 31. Alongside the market rally, the Bitcoin dominance
Month: August 2021
Suspended in a place and time when old money was new is a luxury compound along the elite Upper St. Regis Lake in New York that is going up for auction. Known as Camp Limberlost, the storied and iconic property valued at $10 million will be sold by Platinum Luxury Auctions on August 14 without reserve, meaning the
While traditional crypto assets have seen market sentiment drop to a level of uncertainty, non-fungible token (NFT) assets have continued to sell in the millions. One project developed by Larva Labs called Cryptopunks has seen some of its NFTs sell for millions and on May 11, a collection of nine Cryptopunks sold for $16.9 million
The economy is in a good spot right now, but Congress needs to act quickly to strengthen the recovery further. Millions of people are still looking for a job and face financial hardship such as evictions without continued strong economic growth. At the same time, the pandemic has changed face again with the Delta variant
Federal Reserve Governor Christopher Waller said that if the next two monthly U.S. employment reports show continued gains, he could back an announcement soon on scaling back the central bank’s bond purchases. “I think you could be ready to do an announcement by September,” Waller said Monday in an interview on CNBC. “That depends on
[embedded content] Second quarter real GDP in the U.S. grew at 6.5% on an annualized basis, lower than consensus estimates. Steve Hanke, professor of Applied Economics at Johns Hopkins University, told David Lin, anchor for Kitco News, that market participants are not accurately factoring in inflation growth. “It is lower than the consensus number and
It’s hard not to think that lying, deceiving, and manipulation is rising to a whole new level… by Ron Paul of Ron Paul Institute for Peace and Prosperity For libertarians – and even many non-libertarians – it’s not shocking to discover that a US Administration lies and deceives the electorate. For government on all levels,
The dividend capture strategy is an income-focused stock trading strategy popular with day traders. In contrast to traditional approaches, which center on buying and holding stable dividend-paying stocks to generate a steady income stream, it is an active trading strategy that requires frequent buying and selling of shares, holding them for only a short period
Tencent has announced new restrictions limiting how long minors can play its online games after the Chinese internet group came under intense pressure from state media, which labelled the gaming industry a “spiritual opium”. In a social media post, the company said it was introducing the measures after “relevant authorities” requested greater protection of minors
French pharmaceutical group Sanofi will acquire its partner Translate Bio for $3.2bn, as it makes a big bet on the future of mRNA as a transformative technology for vaccines and therapeutics. Paul Hudson, Sanofi’s chief executive, said the deal would allow the companies to accelerate existing development programmes, including for Covid-19 and flu vaccines, and
Like the baseball teams acquiring star players to push for the World Series, AssetMark revealed plans last week to build on an impressive earnings quarter by continuing to be an active acquirer of financial advisor technology. AssetMark, which provides outsourced investment services and technology to independent broker-dealers and registered investment advisors, reported a net inflow
Shares of China-based EV maker NIO Inc. (NIO) increased 2.6% to close at $45.85 on August 2, after the company announced its number of deliveries of smart EVs in July 2021. Yesterday, the company told investors it had delivered 7,931 vehicles in July. This represented a year-over-year increase of 124.5%. Markedly, the total number included
In this article TSLA People walk by Ralph Lauren’s Fifth Avenue Polo store in New York City. Getty Images Check out the companies making headlines in midday trading. Square — Jack Dorsey’s payments company saw its shares surge 10% after the firm announced plans to buy Australian fintech company Afterpay in a $29 billion, all-stock
Sharing is Caring! Why aren’t you panicking, you terrible person? They’re all medical personnel, and look how they all tested positive and proclaimed it in the exact same words! Panic! Or remember this is a psy-ops and take everything you see on social media with a massive grain of salt… h/t Sarah Hoyt
Global investment firm SkyBridge Capital has partnered with carbon credit provider MOSS Earth to purchase tokens representing 38,436 tons of carbon offsets. SkyBridge announced the move on August 2, with founder Anthony Scaramucci forecasting that the Bitcoin mining industry “will be fully renewable by the end of the decade.” For the meantime, Scaramucci believes carbon
Almost every real estate agent across the country has the same complaint right now: There’s not enough to sell. The boom of activity we saw last year has slowed down to a screeching halt, and now there are only limited numbers of houses on the market—with far more competition. So, what does that mean for
Several U.S. lawmakers have spoken up against the cryptocurrency tax provision in the $1 trillion infrastructure bill. While the bill has been revised from last week’s version, the text is still “unworkable,” according to Senator Pat Toomey. “I plan to offer an amendment to fix it.” Other lawmakers, including Sen. Ron Wyden, Rep. Warren Davidson,
Last week, The Washington Post lifted up a national priority — closing the retirement wealth gap in the U.S. But WaPo pulled its punches. The urgency to help the millions of middle class Americans who will be poor in retirement could cause political instability and invite backlash. Too few Americans have a direct stake in national economic
Jeffrey Mark Baker, 72, of River Edge, N.J., a career municipal analyst who was known as a leader and innovator in the municipal market and was chair of two municipal organizations, died on July 26. Baker joined Chase Manhattan Bank in 1972 as a municipal analyst, and later retired from its predecessor firm JPMorgan Chase
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Rio Tinto announced today that the company is partnering with Komatsu to fast-track the development and implementation of zero-emission mining
What will lead to runaway Hyperinflation? by Keith Weiner of Monetary-Metals When we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article. “…the value of the Fed’s “liabilities”(which are so in name only) [scare quotes and parenthetic comment in original] bears only a very loose connection to
After Visa Inc. (V) reported that it had handily beat analysts’ expectations for its fiscal third quarter earnings results, option traders are taking actions that imply they think the share price will drift lower in the future. Considering the big earnings beat, this may come as a surprise; however, the Visa share price fell 1.6%
In this article RKT Signage for Rocket Mortgage by Quicken Loans is displayed on a laptop computer in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Thursday, Aug. 6, 2020. Gabby Jones | Bloomberg | Getty Images Shares of Rocket Companies jumped as much as 8% on Monday after the
Some US cities and companies are reintroducing face mask requirements, even for people who are fully vaccinated, in an effort to counter a jump in Covid-19 infections caused by the more transmissible Delta variant of the virus. San Francisco and six other Bay Area counties on Monday reinstated a universal mask mandate for indoor public
San Francisco and six other counties in the Bay Area have reinstated a universal mask mandate for indoor public places. The requirement will take effect on Tuesday and will require individuals to wear a face covering when indoors in public settings, regardless of vaccination status. The US has administered at least one dose of a
After spending his entire career with Ameriprise, a 34-year veteran financial advisor dropped the firm for its largest independent broker-dealer rival. Alan Kodama of Honolulu-based Pacstar Financial Group and a team of three other advisors and four office support staff across four locations in Hawaii affiliated with LPL Financial, the firm said July 12. Pacstar
2021 has provided several headwinds for Workhorse (WKHS). For one, the electric-truck maker lost what appeared to be the stock’s most bullish driver – a USPS contract to renew the postal service’s aging delivery truck fleet; after a drawn out process, the contract was awarded to Oshkosh. Then, constrained by supply chain issues which have
In this article UIS SPG TTWO Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Check out the companies making headlines after the bell: Take-Two Interactive Software — The video game company saw
Sharing is Caring! The injection doesn’t do what a vaccine does? Change the definition of vaccine. The concept of herd immunity is a built-in argument against the necessity of a vaccine? Change the definition of herd immunity to the exact opposite of its original meaning. There’s a lot of money in these injections. There is
Bitcoin (BTC) might have suffered its largest coordinated attack over the last couple of months, but in this instance, the investor community did not capitulate. China outright banning mining in most regions after giving BTC miners a two-week notice and this caused the single largest mining difficulty adjustment after the network hash rate dropped 50%. The market