Bitcoin fees have grown much larger in recent days spiking to a two-month high to $3.80 per network transaction. The crypto asset’s fees have jumped 590% since June 14 and the mempool (transaction backlog) has grown significantly. Digital currency markets have been extremely bullish lately as bitcoin (BTC) touched a high of $10,974 on Bitfinex
As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
Maine’s Susan Collins became the second Republican senator to announce opposition to President Donald Trump’s nomination of economist Judy Shelton to the Federal Reserve’s Board of Governors. “Ms. Shelton has openly called for the Federal Reserve to be less independent of the political branches, and has even questioned the need for a central bank,” Collins
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) U.S. President Donald Trump’s pro-gold Federal Reserve nominee Judy Shelton is likely to be good news for gold, supporting low interests and many
Continued conflict with China is the one thing that is practically guaranteed to make a total reset in the global financial system happen… by Simon Black of Sovereign Man Most people realize that 2020 has thrust two game-changing trends upon us that will change the world for years to come. The first is Covid. In
No doubt, 2020 has been the year of COVID-19. However, in tandem, it has also been the year of the biotech, or more precisely, the coronavirus-related biotech. The frantic global search for COVID-19 solutions has shone the spotlight on previously under-the-radar companies making an effort to extinguish the viral outbreak. You can now add BrainStorm
The dollar has become the world’s punching bag and it’s likely to stay that way for awhile. The world’s reserve currency benefited in a big way from a flight-to-safety, which drove it to a three-and-a-half year high in March as the coronavirus pandemic spread to the U.S. Now, as the world’s focus has shifted back
by UPFINA We have been reporting on the weak jobless claims readings for 6 weeks now. This latest report ended the record long 15 week decline in seasonally adjusted initial claims. With the revision from 1.3 million to 1.307 million, last week’s seasonally adjusted decline was only 3,000. The streak ending isn’t a big deal.
Dropbox, Inc. (DBX) is a file hosting service company based in San Francisco, California. The company specializes in cloud-based storage, synchronization, and personal cloud and client software. Essentially, Dropbox allows users to create unique folders on their personal computers; the software then saves and syncs those folders to the cloud (rather than taking up storage space
CNBC’s Jim Cramer urged investors Monday to remain cautious about the length of time it takes to develop a successful coronavirus vaccine, saying that Massachusetts-based biotech firm Moderna may be painting too rosy of a picture. “It’s not a simple case. You don’t just say, ‘Hey, look at this. These people didn’t get Covid over a couple weeks.’
LVMH’s operating profit dived 68 per cent in the first half of the year even as the world’s biggest luxury group slashed spending on store leases, hiring and advertising to cope with the pandemic. The group, controlled by French billionaire Bernard Arnault, delivered weaker-than-expected operating profit of €1.67bn and an operating margin of 9 per
A coronavirus outbreak affecting one of its teams forced Major League Baseball to postpone two games on Monday, leaving the future of the sport’s season in the balance less than a week after beginning play. The postponements underscore the challenges facing US sports, which are in the early stages of attempting restarts amid an escalating
Disability inclusion is shaping up to be the next frontier of ESG investing. Investors are pushing companies to create more welcoming workplaces for employees with disabilities, whether they use a wheelchair or have a mental illness. Twenty-two institutions managing $2.8 trillion of assets urged corporations in late May to review their policies and set hiring
The first token-based vote on the Polkadot network passed in favor of multiplying the DOT supply 100-fold. As announced on Monday, a proposal to give DOTs a “more ergonomic” value was accepted by the community with 86% of the votes cast in favor. Only 4% of the votes were cast against any redenomination, while 10x
The vast living room has a custom curved stairs EITAN GAMLIELY Academy Award-winning actor Susan Sarandon was born in New York City, and she makes her home there. Now that her three children are grown and she requires less space, the five-bedroom Chelsea loft she purchased in 1991 is on the market. It is a
A family is evicted from their Longmont, Colorado, home in September 2011. John Moore | Getty Images News | Getty Images An unprecedented eviction crisis will soon hit the U.S. On Friday, the federal moratorium on evictions in properties with federally backed mortgages and for tenants who receive government-assisted housing expired. The Urban Institute estimated that provision
The cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value. Bitcoin is trading above the $10,360 zone while ethereum is swapping for $321 per coin. Meanwhile, the precious metals gold and silver have seen incredible gains as well on Monday. The Crypto Economy Surpasses $300
“In my 20- plus years in public finance, this is the strongest demand I’ve seen for municipal bonds,” said Keith Richard, managing director at Siebert Williams Shank & Co. Despite pandemic and upheaval in the Texas economy, Siebert Williams Shank & Co. is anticipating a record year in the state for the minority and women-owned
Gold is printing new all-time highs, which we have written about for weeks. We have been long since the 1500 level in the futures markets. The trend is up and has been so for months and there is no reason to believe that will change anytime soon. The action we are seeing this morning is
The growth rate has never been higher, with the 1970s the only period that comes close.. by Ryan McMaken of Mises Institute In June, for the third month in a row, money supply growth surged to an all-time high, following new all-time highs in both April and May that came in the wake of unprecedented
Solid Biosciences (SLDB) has announced that it has been notified by the U.S. Food and Drug Administration (FDA) that the company’s IGNITE DMD Phase I/II clinical trial remains on clinical hold. In November 2019, the FDA placed IGNITE DMD on clinical hold as the result of a serious adverse event (SAE) that occurred in the
by Charles Hugh-Smith The laughably hopeless hope is that by propping up the corpses, the populace will discern some faint flicker of life in the decaying carcasses and return to their free-spending ways. Call it cultural synchronicity, but it increasingly feels like we’re living in the 1979 Talking Heads song Life During Wartime, which was anchored by
U.S. Stock Exchanges in the U.S. Stock exchanges are marketplaces in which U.S. financial securities, commodities, derivatives and other financial instruments are traded. While in the past, traders and brokers used to meet physically in a stock exchange building to trade stocks, now most of the financial trading happens electronically and automatically. Still, each exchange
The airline industry is struggling through an unprecedented crisis, leading carriers to slash jobs and raise cash in a fight for survival © Bloomberg Shares in Europe’s biggest airlines and tourism companies tumbled on Monday as new travel restrictions heightened doubts that the crisis-hit industry was poised for recovery.
FT subscribers can click here to receive Swamp Notes by email. It’s a crowded news cycle, but this week will be dominated by what is likely to be the biggest discussion about corporate monopoly power in 20 years, as the chief executives of the top tech companies — including Amazon, Apple, Google, and Facebook —
Bitcoin (BTC) begins a new week above $10,000 and teasing investors with more gains — will it last or is a correction already guaranteed? Cointelegraph takes a look at the coming week and what it might have in store for the Bitcoin price — five factors that could take BTC/USD to the moon or back
The live-streaming service Twitch is now offering a 10% subscription discount for people who register with cryptocurrency. The new offer from Twitch leverages the Bitpay payment processor, as this is the first crypto-based discount promotion from a company of this magnitude. This week, the live-streaming service Twitch revealed it is offering a 10% discount for
Several retirement trends have been brought into focus by the COVID-19 pandemic. One of the most disturbing is the number of workers between 50 and 65 who are in jobs without retirement benefits. Today half of all workers don’t have access to a work sponsored retirement plan. According to a recent study by Alicia H.
(Bloomberg) — Gold’s unrelenting march higher shows no signs of slowing after a plunge in the dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains. Bullion’s surge came as a gauge of the U.S. currency sank to the lowest in more than a year,
What should Trump do? Protect government and civilian property that state and local Democrat officials refuse to protect, or let Antifa and… by Paul Craig Roberts via PaulCraigRoberts.org Trump Should Take A Page From Abe Lincoln Paul Craig Roberts A white liberal Democrat District Attorney in Philadelphia named Larry Krasner says he will arrest the federal