Dan Nathan, the founder of Risk Reversal Advisors, says that the U.S. government will not keep allowing corporations like Elon Musk’s Tesla to replace dollars with bitcoin. They won’t “let the dollar fall away from being the reserve currency for the world,” which could happen if corporations keep replacing dollars in their balance sheets with
TipRanks Morgan Stanley Storms Into the EV Space; Offers 2 Stocks to Buy We are indeed living in interesting times – and in many ways, that’s a good thing. Take the automotive industry, for example. Technology is changing a rapid pace, and when it settles, it will dramatically change the way we drive. In 2030,
The arrogance on display can seem jarring to many, but for those of us who have been paying attention to monetary and fiscal policy for decades… by Claudio Grass via Claudiograss.ch Increasingly over the past decade, but infinitely more so over the last year, we’ve been hearing politicians, mainstream media and all kinds of experts
Lumen Technologies (LUMN) reported earnings on February 10, posting a beat on the bottom line even as revenue came in slightly less than forecasted. In response, shares took an 8% tumble in the following session. The company has been in the process of making a challenging pivot away from the broadband services space –
by Martin Armstrong www.armstrongeconomics.com/wp-content/uploads/2021/02/Brazil-WEF.mp4?_=1 Brazil’s Minister of Foreign Affairs Ernesto Araujo stresses the importance of freedom which is absent from the BigTech monopoly that has been forming. He added that he’s not a fan of the great reset, telling World Economic Forum (WEF) President Børge Brende that freedom and democracy are missing on the agenda,
How the Banana Republic Credit Card Works If you’re a frequent shopper at Banana Republic, you’ve probably been informed about the store’s credit card at the checkout counter or seen advertisements for the credit card online, along with a promise of a discount on the day’s purchases. Banana Republic actually offers two credit cards: The
Kimbal Musk, co-founder of The Kitchen Community, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016. Patrick T. Fallon | Bloomberg | Getty Images Kimbal Musk, brother of Tesla CEO Elon Musk, sold 30,000 shares of the electric car maker this month for roughly $25.6 million,
The Texas grid operator warned of possible blackouts while loosening the financial obligations of energy traders as arctic air enveloped the central US and sparked record demand for power. The Electric Reliability Council of Texas (Ercot) asked consumers on Sunday to conserve “as much as possible” until Tuesday as it coped with frigid conditions that
George Russell in Hong Kong The US reported optimistic Covid-19 case numbers at the weekend, as data showed that since Friday the number of people hospitalised decreased by nearly 15,000 and no states reported an increase of 10 per cent or more. “The reported new cases, people hospitalised and new deaths decreased again this week,”
Investors have minimized the love for BlackRock’s minimum volatility ETF. The firm’s $30 billion iShares MSCI USA Min Vol Factor ETF (USMV) is steadily bleeding cash, totaling $3.5 billion in losses so far this year, according to data compiled by Bloomberg. That’s on top of $4.6 billion pulled in 2020. Funds similar to BlackRock’s iShares
When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to a broader audience of investors. BitMEX contracts did not involve fiat or stablecoins and even though the reference
CEO and Founder of L.A. Property Management Group and Crown Commercial Property Management. getty The dramatic spike of Covid-19 cases in recent months has proven that the virus remains as grave a danger as ever, but with vaccines now in distribution, the end of the pandemic is finally in sight. With vaccines now in distribution, we can
During the last few weeks, the former Ripple executive Jed McCaleb has reportedly been selling millions of XRP tokens and every sale has been monitored by the public. On Sunday, McCaleb dumped another 38 million XRP worth $22 million after selling 95 million XRP last week worth $56 million today. Ripple Cofounder Sells 38 million
Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about eligibility to take retirement benefits at 70 after taking spousal benefits at full retirement age, filing early as the lower earner or delaying and finding current and future benefit estimates after filing for other benefits. Larry Kotlikoff is a Professor of Economics at Boston
Gov. Jim Justice’s push to eliminate the West Virginia state income tax would eliminate nearly half of the state’s general fund revenue. “We are on the launch pad right now. In fact, we’re airborne right now. And that’s why tonight, tonight I am asking all of you to join me to repeal the income state
Gold prices slipped below ₹46,500 last week marking an eight-month low. By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi UPDATED ON FEB 13, 2021 06:59 AM IST Gold prices remained volatile throughout the week with prices dropping by ₹661 on Friday bringing the cost of the precious metal to ₹46,847. The price
Ugly as it is to contemplate, we may be dealing with declining markets and rising inflation as 2021 progresses… Jesse Felder interviewed by Adam Taggart on Peak Prosperity Imagine for a moment that the price of all your investments — your stocks, your retirement portfolio, your house — suddenly drop in half this year. Now
We are indeed living in interesting times – and in many ways, that’s a good thing. Take the automotive industry, for example. Technology is changing a rapid pace, and when it settles, it will dramatically change the way we drive. In 2030, our concept of ‘car’ will likely be unrecognizable to drivers from 1980. The
by David Brady via Sprott Money Paper Silver hit a short-term blow-off top at 30.35 last week, its highest level since February 2013. Then it fell 15% in just three days, back to the pivot level of 26. Since that knockdown, Silver has bounced—or more appropriately, crawled—its way back up to 27.87, now key resistance. It is now
How the Shell Fuel Reward Card Works Royal Dutch Shell, also known simply as Shell, is one of the oldest and most recognizable brands in the world. The company was established in 1897 as the Shell Transport and Trading company and sold kerosene to customers in Asia. The company operates in 70 countries globally and produces more
EBay Inc. signage is displayed at the entrance to the company’s headquarters in San Jose, Calif. David Paul Morris | Bloomberg | Getty Images Is the market gearing up for a pullback? A correction for stocks could be on the horizon, says strategists from Bank of America, but this isn’t necessarily a bad thing. “We
After voting to acquit Donald Trump of inciting an insurrection, Mitch McConnell hinted that the former president’s legal woes were far from over. “We have a criminal justice system in this country,” said the Senate minority leader on Saturday night. “We have civil litigation. And former presidents are not immune from being held accountable by
Dominic Raab said on Sunday any lifting of coronavirus measures would be “evidence-led” as the UK foreign secretary pushed back on calls from senior Conservative MPs to lift lockdown by the end of April. More than 60 Tory MPs wrote to Boris Johnson over the weekend demanding a “road-map” for lifting all restrictions as the
PayPal is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button. The payments giant expects the number of active users on its sprawling platform to climb to 750 million by the end of 2025 — roughly double the current level — as it expands into
The Cardano Foundation’s coin ADA, hit its all-time high of $0.97 on Feb. 12, having started the year trading at $0.18, thus entailing 438% gains year to date. Apart from the macro trends in the cryptocurrency industry driving up the price of flagship assets, such as Bitcoin (BTC) and Ether (ETH) translating to other altcoins,
Nederlander, who produced Tony Award-winning musicals and plays, purchased the home in 2006. Platinum Luxury Auctions/Mentis Photography The former Manhattan pied-à-terre of late theatrical producer James Nederlander, listed for $27.5 million in 2019, will be auctioned off later this week with no reserve. The auction of #10 at 838 Fifth Ave., a condominium right by
On February 12, the well known Lebanese-American essayist and risk analyst, Nassim Nicholas Taleb, declared that the leading digital currency bitcoin is a failure, at least for now. Cryptocurrency fans have been upset by Taleb’s recent statements, after it seems the renowned author has done a complete 180 after supporting the crypto asset for years.
Scammers who incessantly try to defraud seniors pay attention to headlines. News items describing scarcity of vaccines, long lines of seniors camped out, waiting to get Covid vaccines, fear of contracting a new variant—all are like invitations to scammers. They adapt quickly and invent ways to capitalize on fear. Fear is around us, particularly among
The Municipal Securities Rulemaking Board is retiring decades-old guidance as part of its retrospective rule review, a move expected to help dealers and muni advisors more easily understand how rules apply to their contemporary business practices. Dealers and municipal advisors were pleased with the announcement that came late Thursday, saying Friday the MSRB’s decision makes
Gold will continue to rise in the Year of the Ox albeit at a slower pace than the previous two years, aided by low-interest rates, inflationary concerns and the Covid-19 pandemic, according to analysts. The price of bullion in Hong Kong rose 18 per cent in the Year of the Rat to close at HK$17,050