A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first. On June 4, the popular crypto derivatives exchange BitMEX announced it would be supporting space robotics firm, Astrobotic Technology, in the company’s mission to send its
A party that has signed a letter of intent (LOI) may be legally bound to honor it depending on how the letter is drafted. In a business-to-business transaction, a letter of intent normally contains a provision stating that the letter is non-binding. Even if such language is not included, it is possible a court would rule that the
In this article CLOV CLNE VIRT The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. “There’s a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this in both the cash equities
Construction of the controversial Keystone XL pipeline was officially terminated on Wednesday, handing a big victory to environmentalists that had fought the project for more than a decade as they intensify their battles against other fossil fuel development. The decision by TC Energy and the government of Alberta to pull the plug on the $8bn
Sexual harassment is the norm for almost all young people in England’s schools and colleges yet teachers have done little to tackle it, an official assessment conducted in response to an online campaign against such abuse has found. Education inspectorate Ofsted said on Thursday that schools had to improve sex education and teacher training to
In a deal that will push its tens of billions of dollars in client assets to more than triple the size of two years ago, a private equity-backed hybrid RIA is purchasing another massive practice. Hoover Financial Advisors agreed to fold into Wealth Enhancement Group under a transaction with an undisclosed price tag that’s expected
It’s hard to tell in which direction the cryptocurrency space is heading. There has been a lot of bearish sentiment recently, and momentum has seemingly stalled. Nevertheless, the recent news that Bitcoin has been adopted as legal tender in El Salvador is big news and could be the catalyst for the bull market to resume.
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, according to Dow Jones. That’s the fastest annual pace in 28 years. Economists expect both core
Sharing is Caring! by Chris Kimble US government bonds have come under pressure over the past year. And that decline has come to an important inflection point. Time to bounce higher? Or will government bonds continue to sink lower? That is the theme of today’s “weekly” chart from Marketsmith.com, of the popular long-dated US Treasury Bonds ETF
Like its neighbor to the south, Canada’s real estate market is expected to see continued growth in 2021, particularly in the luxury sector. In Toronto, an emerging global hub, residential sales of $5 million or more have increased by more than 8% year-over-year, while sales of $2 million or more have increased by about 10%.
A new housing model is rising from the dirt in Valencia, California, and potentially raising the bar for real estate developers hoping to reduce their carbon footprints. More than 21,000 homes are going up in a brand-new community that, its developer says, will be the largest net-zero community in the nation, and potentially the world.
Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions” as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’
When parents reach a certain age, or level of need, perhaps you want to find someone to help them as they lose independence. Advertising abounds about how wonderful a home care agency is or how enticing life in assisted living can be. Maybe you know someone who took care of another relative or friend and
Puerto Rico Gov. Pedro Pierluisi signed a bill Wednesday rejecting any pension cuts and undoing pension reforms enacted in 2017, despite these cuts and adjustments being part of the proposed plan of adjustment and approved fiscal plan. “The public pensioners dedicated years of their lives to the service of our people and were the engine
Bloomberg BOE’s Haldane Warns of ‘Dangerous Moment’ for Monetary Policy (Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Central bankers are at their most dangerous moment in decades, with the risk of a “bad mistake” if they don’t act to quell accelerating inflation, according to Bank
Leadership by the capable is impossible. In the US today character, integrity, facts, and truth are of no consequence. The elite have… by Paul Craig Roberts via PaulCraigRoberts.org Support your website. There is no one else but you: https://www.paulcraigroberts.org/pages/donate/ How Long Before America Appoints a Horse to the Senate? Paul Craig Roberts A civilized society rests on truth
Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today. On-chain data also suggests that long-term holders (LTH) have again started accumulating Bitcoin after booking profits during
The forex markets can be exciting and lucrative for trading if you thoroughly understand how to buy and sell currencies. If you’re drawn to this area, you might even want to make it your career. Key Takeaways The foreign exchange (forex) market is the world’s largest asset marketplace by trading volume and liquidity, open 24/7
CNBC’s Jim Cramer said Wednesday that trading meme stocks is more gambling than investing. “It’s exciting. It’s fun, and it’s real,” Cramer said on “Squawk Box.” However, he added, “If you’re going to play it, I think that you can, I don’t know, go to the casino. These should be offered at the casino.” He
The Biden administration has revoked executive orders signed by former president Donald Trump targeting the Chinese-owned TikTok and WeChat apps, and issued a new order that steps up scrutiny of Chinese apps and software that could threaten the data of Americans. The order signed by President Joe Biden on Wednesday is the latest move to
Rishi Sunak wants to build up the crumbling walls of the City of London. A G7 plan could raise the corporate tax rate for the world’s largest companies, helping to cover budget deficits swelled by the pandemic. The UK chancellor is seeking exemptions for City banks, citing already high capital requirements. The move smacks of
In a sign of resiliency and an example of a nation coming together in the wake of COVID-19, many Americans have amplified their usual donations to charities — and in some cases have made their first charitable contribution. Further good news is that the market for charitable contributions has been able to accommodate the growth,
The famed meme stock, GameStop Corp. (GME) may have price action completely detached from its fundamentals as a business, but that does exclude it from releasing earnings reports. The video game retailer is slated to hold its earnings call after-market hours on Wednesday June 9. Year to date, GME shares have climbed an astounding 1,639.13%, mostly attributable to a high-profile short squeeze in January, as well
Take a look at some of the biggest movers in the premarket: Clover Health (CLOV), Wendy’s (WEN) – The two stocks extended their gains in premarket trading, after surging yesterday on increased social media attention. Clover – a seller of health-care insurance that went public via a SPAC deal in October – has risen for
Sharing is Caring! by howmuch How big is the market for insurance in the U.S.? And which companies dominate the industry? Our newest visualization provides an intuitive way to think about insurance company rankings based on direct premiums. MetLife wrote the most direct premiums in any single insurance sector, topping $103.3M in its life/annuity insurance
This story is SO Dallas. And this home is so valuable now given the high cost of lumber. Most people design a home, specify materials, then purchase them. This may well be one of the only homes in town where the materials directed the design and the entire house. In 2006 Don Daeske, a Dallas-based
A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China
The global pandemic has changed the way lawyers interact with clients. Meetings are now routinely held virtually and many people have adapted to the convenience of meeting from home. While virtual meetings will become part of the new normal, there is often no substitute for in person interactions. Many people prefer in-person meetings, and for
The Treasury is generously allowing all state and local jurisdictions to use an assumed 4.1% rate of growth in calculating their revenue shortfalls to qualify for federal aid under the American Rescue Plan. That’s good news for jurisdictions that don’t normally achieve that growth rate. But for faster growing communities there’s a problem with the