Bitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. The funding round had participation from Draper Associates and Max Keiser’s Heisenberg Capital, using Bnktothefuture, a platform designed for making online investments. Bitwage will use these funds to extend its functionalities, now that it is facing competition from
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A pedestrian crosses a road in front of residential buildings in Beijing, China. Qilai Shen | Bloomberg | Getty Images On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer failed to make a bond payment on Tuesday. Ratings agencies have downgraded Chinese developers Fantasia
Municipal bonds were little changed Monday, ignoring volatility in the stock market and a softer U.S. Treasury market. Triple-A municipal benchmark yields were steady to a touch firmer as the market awaits a sizable calendar led by a large taxable Alabama general obligation deal and a diverse set of credits from airports to charter schools
Silver prices continued to rally as the dollar slipped. Treasury yields were higher but failed to buoy the greenback. Gold prices were also higher, helping to lift the precious metals complex. Since silver is priced in U.S. dollars, a weaker U.S. currency makes silver less expensive in other currencies. Stronger than expected core inflation levels
Future price surges in the silver market will occur first in the Futures and ETFs… by Steve St Angelo of SRSrocco Report The world has no idea that the present ENERGY CRUNCH is setting the stage for much higher silver prices in the future. As world energy prices are surging in Europe and Asia, investors
There has been another twist in the ongoing battle between distributed ledger technology firm Ripple and the U.S. Securities and Exchange Commission (SEC). On Monday, Oct. 4, U.S. District Judge Analisa Torres ruled that individuals holding the company’s XRP token cannot act in Ripple’s ongoing lawsuit as defendants. The determination comes after a number of
What are your options if you inherit an annuity? Annuities are financial products that are paid for upfront, then pay out a set amount for a period of time, sometimes until death. They are sometimes used by retirees to secure a reliable income in retirement. Some annuities payments can be left to a beneficiary after
Engine No. 1, the firm that rose to prominence after waging a successful campaign against Exxon, on Monday announced an investment in General Motors. This time, the upstart activist’s stake signals support for the automaker as it transitions to electric vehicles. Engine No. 1 pointed to the similarities between Exxon and GM, noting that each
Facebook’s main apps suffered a widespread outage for at least six hours on Monday, cutting off access for people around the world to some of the internet’s most widely used services. The worst disruption to hit the social networking company for more than two years brought a wave of criticism online, and came as Facebook
By Jo Caird I would not want to swap places with Nora Helmer, the protagonist of Henrik Ibsen’s 1879 play, A Doll’s House. Married to a man who underestimates and patronises her, constrained by the economic and social realities of being a woman in a man’s world, it is no surprise that she ends the
With his ultra wealthy clients, Thomas Giordano-Lascari is used to dealing with complicated tax issues, like eight-figure estate planning for exotic investments. Now he’s telling his rich customers to consider splurging on something decidedly mundane: life insurance. The tax plan taking shape in Congress would strangle a strategy widely used by the wealthy to shield
Is there anything out there like Facebook (FB)? Not according to RBC’s Brad Erickson. While other social media platforms have their respective merits, the 5-star analyst says FB has “captured unmatched knowledge of the world’s consumers.” The company’s ability to “deepen its relationship” with almost 3 billion users will drive the next leg of growth.
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla shares rose 3% in the premarket after the company announced it delivered 241,300 vehicles during the third quarter, its most ever for a quarter and a 73% increase over the same quarter a year ago. Moderna (MRNA), Novavax (NVAX)
Sharing is Caring! Authored by Charles Hugh Smith via OfTwoMinds blog, The vast majority of market participants are about as ready for a semi-random “volatility event” as the dinosaurs were for the meteor strike that doomed them to oblivion. Judging by euphoric gambler–oops I mean “investor”–sentiment and measures of volatility, risk of a market drop
In recent years, social media has transformed into an incredibly powerful tool for every industry, including real estate. Social connections and channels have made the industry more accessible than ever before, creating a way for real estate professionals to reach wider audiences with ease. Every real estate professional should be utilizing social media in their
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that he has more crypto exposure than gold for the first time. He hopes to increase his crypto allocation to 7% in the next few months, emphasizing: “I don’t see a situation where crypto’s ever going away.” Kevin O’Leary Now Has More Crypto Than Gold
A friend of mine, in an animated mood once declared, “everything is in flux; it’s fluxing more and more each day!” That’s how many feel about the back and forth pronouncements concerning proposed tax changes. In Congress, the revenue raising provisions (think “taxes”) to fund the physical and human infrastructure bills seem to be getting
Top bond underwriters are backing away from Texas after they were targeted by a law to protect the firearms industry. Three of the state’s top five underwriters in the first half of 2021 — JPMorgan, Citi, and Bank of America — accounted for $6.4 billion of deals, according to Refinitiv. Those firms and Wells Fargo
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) – According to a report by the Chilean state copper commission Cochilco released today, the domestic copper production in August 2021
Economic “crisis,” which is really a painful return to economic reality, is inevitable. It’s certainly time to think about… by Ron Paul of Ron Paul Liberty Report The usual “debt ceiling” theatrics have reappeared. We’re again greeted with the propaganda that if the most indebted government in the history of the world doesn’t continue to
Bulls flexed their muscles on Oct. 4 and proof of this came as Bitcoin’s (BTC) price rallied within $500 of the $50,000 mark. This move toward the key psychological resistance helped to pull the Crypto Fear & Greed Index out of the “fear” zone and into the “neutral’ state on Oct. 4. Crypto Fear &
Ford Motor Co. (F), founded in 1919 by Henry Ford, is a leader in the global automotive industry. Ford designs, manufactures, sells, and services a full line of cars, trucks, and utility vehicles. The company also offers a broad range of financial services to support car dealers and vehicle sales. The company currently is focused
William Shatner Anjali Sundaram | CNBC Science fiction will soon become reality, as William Shatner is scheduled to launch on the next crewed spaceflight of Jeff Bezos’ Blue Origin. Blue Origin plans to fly the Canadian actor, who famously played Captain Kirk in the original Star Trek television series, as one of the passengers on
US equities fell on Monday after ending last week with their worst performance since February as an oil price rally heightened concerns about inflation and the future path of interest rates. Wall Street’s blue-chip S&P 500 index was down 1.5 per cent at midday in New York. The technology-focused Nasdaq Composite, which houses companies whose
You can tell a lot about a place by its backbar – the collection of spot-lit bottles arrayed behind the bartender’s head. It’s where an establishment advertises its prize spirits, specialities and talking points. A backbar that’s curated well speaks volumes. But one done badly is a Tower of Babel – a cacophony of clashing
If your clients are clamoring for stocks they heard about on Reddit, making investing decisions based on what happened to them yesterday or refusing to buy overseas securities, they may be among the many investors who are falling for classic behavioral biases in the markets. Advisors are getting better at using behavioral finance to help
“One-two punch definition: Two unpleasant things that happen together,” says the Cambridge Dictionary. It certainly feels like Alibaba (BABA) is right now on the receiving end of this dual blow. Not only does the Chinese ecommerce giant currently have to contend with the prospect of slowing growth, but it is also facing an increasingly strict
In this article FB DD UNP F Facebook’s logo displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Facebook — Facebook shares fell 5.5% after a company whistleblower unveiled her identify and accused the social media giant of a “betrayal of democracy.” The
Sharing is Caring! Stocks are now on the edge of a cliff. The S&P 500 broke below its 50-DMA two weeks ago. It has since failed to reclaim this line. That is the first time this has happened this year. The good news is that 4,300 (purple line in the chart below) served as support
Can music help you choose colors for your rooms? Katy Parry thinks so. In fact, she believes that music and colors are essentially intertwined. “I’ve always said that if I weren’t a musician, I’d be a stylist,” she said in an exclusive interview. “I love the expression of color in everything, from my wardrobe to