Tesla has supported the price of Bitcoin, but it can affect gold as well? by Arkadiusz Sieron of Sunshine Profits Tesla has supported the price of Bitcoin, but it can affect gold as well. The bull market in cryptocurrencies continues. As you can see in the chart below, the price of Bitcoin has recently increased to almost $47,000 (as
In the last year, digital sports entertainment and gaming company DraftKings (DKNG) has been in a steady uptrend. During this period, the stock has returned 241% and currently trades at $61.07 per share. With positive company specific developments coupled with industry tailwinds, DraftKings stock remains attractive even after its massive rally. Let’s discuss the reasons
by Daisy Luther There’s a saying that those who do not learn from history are doomed to repeat it. But I think that there are people who learned from history and want to repeat it. Don’t get me wrong. If you walked up and asked someone like the little short guy from Facebook who sat on some
The Goodyear Credit Card from Goodyear Tire & Rubber Company (NASDAQ: GT) offers financing for tires and other products and services purchased at Goodyear locations, and can also be used at Exxon and Mobil gas stations (and Exxon/Mobil stations). Offered through Citibank, the card has some perks, including zero-interest payments for up to six months
The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies. The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for
Donald Trump was acquitted of inciting an insurrection in last month’s deadly assault on the US Capitol, as Republican senators closed ranks at the former president’s second impeachment trial. The Senate voted 57-43 on the question of whether Trump was guilty of inciting an insurrection. Seven Republicans — Richard Burr, Bill Cassidy, Susan Collins, Lisa
Myanmar’s military junta has escalated night-time arrests of opponents, reviving a tactic from the country’s old military regime that human rights groups said was designed to instil fear following the coup on February 1. The news came amid reports that some of the ex-convicts released from jails in a mass amnesty on Friday had set
Quantitative investment firm Dimensional Fund Advisors is already making waves in the $5.9 trillion ETF market. The $601 billion manager founded by David Booth has amassed over $700 million among its three debut ETFs, which launched in November and December, according to data compiled by Bloomberg. The trio has absorbed roughly $337 million so far
The sustained bullish performance from Bitcoin (BTC) and Ether (ETH) has increased the confidence of crypto investors and many are now looking deeper into projects that have strong fundamentals and offer real-world use cases. This week investors turned their attention to Theta (THETA), a decentralized network that allows users to share bandwidth and computing resources
Epic Games CEO Tim Sweeney receives an award at a video game trade event in 2019. (Photo by Rachel Luna/Getty Images) Getty Images On the gravesite of a Foot Locker, the Aeronauts are descending. In January, Epic Games, maker of the Fortnite video game franchise, announced that it is acquiring a 980,000-square-foot mall in Cary,
As the Indian government gets closer to moving forward with the cryptocurrency bill, an official from the Ministry of Finance reportedly explained what discussions the government has been having regarding the crypto bill and the impending legislation. Indian Crypto Bill’s Progress Update The Indian government is getting closer to introducing the cryptocurrency bill in Parliament.
To complete the 3 Rs, it’s a good idea to involve your financial professional. They can help! getty In the old days, everyone learned the three Rs, ‘Reading, wRiting and aRithmetic.’ These basics were big buckets that contained a basic education. If you could master those, you’d find yourself in pretty good shape. At times,
After a record year, Hilltop Securities plans to continue growing its underwriting business but not at the expense of financial advisory services, said David Medanich, head of public finance for the firm. “Our financial advisory business is strong and it’s going to get stronger,” Medanich said. “But it’s going to grow selectively.” The expansion narrative
Mining was heavily disrupted last year as a result of Covid-19, with most mines and projects suspended for a number of months, before resuming activity under strict health guidelines. As a result, overall investment took a significant hit in 2020. According to estimates from the Mining Chamber of Mexico (Cámara Minera de México, Camimex), sector-wide
The duo announced that $267 million of the federally funded funeral benefits would go to low-income families in New York alone. The package… by Alice Salles via Mises US residents whose family members died with or of covid will be eligible to receive $7,000 for funeral and related expenses, New York senator Chuck Schumer (D) and Representative Alexandria Ocasio-Cortez (D) announced. During
We’re well into the first quarter of 2021 now, and it’s a good time to take stock of what’s behind us, and how it will impact what lies ahead. Goldman Sachs strategist Jan Hatzius believes that we are on an upward trajectory, with better times ahead. Hatzius sees the developed economies expanding as the corona
From Birch Gold Group The Federal Reserve sure seems to have a tough time finding and reporting signs of rising inflation — especially when it’s hidden in other sectors like a lack of demand for energy. A recent example of the Fed’s “inflation blindness” comes from a speech Chairman Jerome Powell gave to the Economic Club of New
The COVID-19 pandemic has affected millions of Americans financially. In a survey by the National Endowment for Financial Education (NEFE), three in 10 Americans said paying off debt is their top financial stressor, while 55% were worried about having enough cash tucked away in savings. While the federal government has introduced numerous measures to provide
A bitcoin ATM is seen inside the Big Apple Tobacco Shop on February 08, 2021 in New York. Michael M. Santiago | Getty Images Pressure is building on Wall Street banks to accept bitcoin as a legitimate asset class — and it’s coming from within, CNBC has learned. Last month, during a town hall meeting
After Donald Trump was cleared in last year’s impeachment trial over the Ukraine scandal, he hosted a White House bash with delighted White House staffers, political allies, and family members. But the Senate’s vote to acquit Trump again on Saturday, this time on charges of inciting the January 6 attack on the US Capitol, offered
In a country as split as the US, a 57 to 43 majority for any proposition is remarkable. When the proposition is that a former president must be convicted for inciting insurrection, it is historic. Donald Trump survived his trial in the Senate for the Capitol siege that he helped to whip up on January
Northern Star Investment Corp. II surged Friday after people familiar with the matter said Apex Clearing, the custodian and clearing firm, is in talks to go public through a merger with the blank-check company. A merger would value Apex and Northern Star Investment Corp. II at as much as $5 billion, said one of the
Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which is equivalent to $22 billion at Bitcoin’s current price. According to Michael Novogratz,
More than 400,000 apartment units will reach completion nationwide in the year 2021. getty Apartment demand has been rebounding since summer, although landlords have had to offer sweeter concessions to prospective tenants to get warm bodies into the large numbers of buildings that are finishing construction. The pace at which vacant apartments were absorbed fell
The U.S. Securities and Exchange Commission (SEC) could investigate Elon Musk over Tesla’s $1.5 billion bitcoin purchase, some legal experts have warned, including a former SEC enforcement officer. Given the timing of Tesla’s bitcoin purchase and Musk’s multiple tweets on the subject, some say that the SEC will look into the matter. Elon Musk Could
By Diane Eastabrook, Next Avenue FRANKFORT, KY – JUNE 19: Hundreds of unemployed Kentucky residents wait in long lines outside the … [+] Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. (Photo by John Sommers II/Getty Images) Getty Images At the end of 2018, Ida Lane, 63,
National Conference of State Legislatures officials said Friday their top federal priority for education is getting flexibility in how to spend their state and local aid. States spend about 42% of funds on education with 32% going to K through 12 schools and 10% for higher education, according to NCSL. They said federal lawmakers need
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) – The debate between gold and bitcoin, as to which is the ultimate safe-haven and inflation hedge, continued to rage this past
If the dividend keeps going up, then even if the share price jumps around… by Simon Popple of the Brookville Capital Intelligence Report Income In these challenging times it’s becoming more and more difficult to get income. Negative interest rates and many companies either slashing or stopping their dividends are making life more complicated. With
Investors are constantly on the lookout for new opportunities. There are different ways to unearth a gem – from keeping a tab on the pros’ recommendations to watching technical indicators to tracking hedge fund activity. Another option is to follow in the footsteps of the corporate insiders. These are the company directors and officers whose