On July 6, the crypto mining rig manufacturer Bitmain announced the launch of the highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is selling the device for $9,999 per unit. Bitmain Launches Antminer E9 for $4.17 per
Topline Federal Reserve officials reaffirmed their commitment to fighting inflation with big rate hikes and pledged to use “more restrictive policy” as needed, especially amid “significant risk” that high consumer prices could become “entrenched” for longer, according to the minutes from the central bank’s latest policy meeting. Key Facts The Federal Reserve doubled down on
Municipals rallied Wednesday, ignoring a selloff in U.S. Treasuries, after the Federal Open Market Committee meeting minutes reiterated the Fed’s position it would raise rates 50 to 75 basis points at its July meeting to stave off inflation. Equities ended slightly up.. Municipals were in their own lane Wednesday and triple-A yields fell four to
(Kitco News) Recession calls are triggering a major slide in the commodities sector, with short positions quickly growing in copper, oil, gold, and silver, according to Pepperstone’s head of research Chris Weston. The European Union seems the most at risk of a recession as the European Central Bank is forced to tighten to get inflation
The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
What Is ERC-20? ERC-20 is the technical standard for fungible tokens created using the Ethereum blockchain. A fungible token is one that is interchangeable with another token—where the well-known non-fungible tokens (NFTs) are not interchangeable. ERC-20 allows different smart-contract enabled tokens a way to be exchanged. Tokens, in this regard, are a representation of an
France plans to take full control of power group EDF, a nuclear energy specialist that has been grappling with high debt, production outages and conflicting demands from its state shareholder as it gears up to try to process its biggest orders for new reactors in decades. The takeover, announced by Prime Minister Élisabeth Borne on
Good evening So much for the “roaring Twenties”. We report today on how US retailers have ditched their forecasts of a post-pandemic boom as the economic outlook darkens. The strong housing market, soaring stock prices and low interest rates of last summer have been replaced by rising rates, a bear market and inflation at a
Morgan Stanley is seeking to bar a 90-year-old financial advisor from its facilities after he was accused of shooting a coworker at the company’s Oklahoma City offices last week. Leonard Bernstein shot Chris Bayouth as many as five times in the torso, back, leg and foot on June 30, according to the Oklahoma City Police
Shares of Symbotic (NASDAQ: SYM) have tanked 28.5% in the past month due to macroeconomic volatility. However, shares were up 20.7% on Tuesday to close at $14.36. Symbotic was listed on the NASDAQ in June this year through the Special Purpose Acquisition Company (SPAC) route. The company is focused on transforming the supply chain when
Uber Eats delivery Jonathan Raa | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Uber, DoorDash – Shares of Uber slumped 4.6% and DoorDash fell 9% on news that Amazon agreed to take a stake in Grubhub in a deal that will give Prime subscribers a one-year membership to the
While the market goes steady, the crypto ecosystem continues to grow as merchants innovate and adopt cryptocurrency payments in their quest to gain new customers. Data platform PYMNTS collaborated with Bitpay to survey merchants, in an attempt to understand the trends on what the participants expect from digital currencies and their effect on payments and
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Mortgage rates dropped for the second week in a row, but that didn’t revive demand from homeowners or potential buyers. Rates fell 10 basis points last week and have declined 24
Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal Economy Not an Option Central African Republic president Faustin-Archange Touadera has said cryptocurrencies are an alternative to fiat cash. Touadera also claimed that
Retirement planning is extremely challenging because we don’t know exactly when it is going to occur or how long we will be in retirement. Even defining retirement can be a challenge. For some people, retirement is when they stop working for good. For others, it’s more of a mindset shift, a career change or a
Illinois opened the new fiscal year with a near clean slate on bill payments and $1 billion in its once-barren rainy day fund, but the state’s latest financial results offer a contrast that underscores the weight of pension and long-term debts on the state’s balance sheet as viewed through an accounting lens. The near-term picture
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Good morning. Here’s what’s happening: Prices: Bitcoin dips early but recovers; ether rises. Insights: Are crypto games worth playing? Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and
Sometime this Fall, the Fed will make every effort to… by Dave Kranzler of Investment Research Dynamics “The Fed is lying about the causes of inflation. When asked about its role in causing inflation, in terms of buying assets, it says “oh no, that’s not the problem – we only create reserves and reserves –
Options traders can profit by being an option buyer or an option writer. Options allow for potential profit during both volatile times, regardless of which direction the market is moving. This is possible because options can be traded in anticipation of market appreciation or depreciation. As long as the prices of assets like stocks, currencies, and commodities
Nadhim Zahawi, the UK’s new chancellor of the exchequer, has said he will review government plans to raise corporation tax from 19p to 25p as Boris Johnson seeks to rescue his floundering administration. Zahawi was appointed on Tuesday night after the shock resignation of his predecessor Rishi Sunak, health secretary Sajid Javid and 10 junior
This article is an online version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. Chancellor Rishi Sunak and health secretary Sajid Javid yesterday quit the cabinet within minutes of each other. This was followed by a series of resignations from junior and unpaid government
Everyone in the wealth management industry knows about the “great wealth transfer,” in which $84 trillion will shift from older generations to younger ones by 2045, according to Cerulli Associates. Now wealth planners are confronting a major complication with that massive flow of money: Many people who will inherit wealth tend to shy away from
The COVID-19 pandemic crippled the majority of industries, but some were able to recoup thanks to their strategically driven digital platforms. Chipotle Mexican Grill, Inc. (NYSE: CMG) is one such food restaurant chain operator that has benefited greatly from digital sales. So, should investors park their funds in these restaurant companies to stay afloat? Amid
Getty Images The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like
A note published by the United States Federal Reserve on a recently held conference found a majority of exports believe a U.S. dollar central bank digital currency (CBDC) would not drastically change the global currency ecosystem. Panelists at the conference also agreed CBDC development outside of the U.S. doesn’t threaten the status of the dollar,
The five hottest U.S. cities in the summer are Phoenix, Las Vegas, Tucson, Riverside and San Antonio, each often reaching into the triple digits. “Extreme heat events can be dangerous to health – even fatal. These events result in increased hospital admissions for heat-related illness, as well as cardiovascular and respiratory disorders,” according to the
The Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency trading. They include “placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.” MAS Considers New Restrictions on Crypto Trading Tharman Shanmugaratnam, the minister in charge of the Monetary
June, by tradition has always opened the peak wedding season —but the pandemic’s pause on in-person ceremonies has surprisingly multiplied the number of marriage invitations this year. One survey found 2022 is a banner year with invitees attending five weddings on average –the most since 1984. And, while most guests will choose their gift off
Municipal yields fell for the third session in a row following the flight-to-safety bid in U.S. Treasuries as recession concerns continue to grow. Equities were mixed. Triple-A benchmark yields were bumped three to six basis points Tuesday with the strongest moves out long. Falling yields over the past two weeks have been “a welcome sigh
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) – On Tuesday, i-80 Gold (TSX: IAU) announced it has begun shipping ore from the Granite Creek Mine to Nevada Gold
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