Wall Street may be on the verge of an uncharacteristically painful quarter. Wharton finance professor Jeremy Siegel, who’s known for his positive market forecasts, is sounding the alarm on the market’s ability to cope with inflation. “We’re headed for some trouble ahead,” he told CNBC’s “Trading Nation” on Friday. “Inflation, in general, is going to […]
Since its release in 2004, World of Warcraft has earned a legion of followers around the world. The title has had a tremendous impact on culture, but one of its least expected ripples caused a revolution in cryptocurrency. Perhaps the most intriguing example is with Vitalik Buterin, now known as one of the founding fathers […]
Megacap technology stocks rallied through a global pandemic, fears of a bubble and rising regulatory scrutiny. But the bond market could be the hurdle that finally trips them up. Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Facebook Inc., the five largest U.S. companies, have delivered reliable outsized gains to shareholders for years. This […]
In a small business park in Mississauga, Ontario, a fledgling kind of store can be found near a dentist, a Pizza Hut and a Vietnamese restaurant. It looks like a small local bank, or maybe a currency exchange operator, with a brightly lit waiting area, a reception desk and cubicles surrounded by bullet-resistant glass. But […]
The hunt for yield has intensified. Investors are turning to alternative securities for income as inflation concerns grow and Treasury yields remain relatively low — and some may be worth considering, market analysts say. They include short-duration inflation-protected securities, which mature quickly and can help lower risk in case of an uptick in interest rates, […]
For millions, bitcoin equates to hope — for others, it’s an end to centralized control of people’s money — and for some it’s both. I was introduced to Bitcoin in 2017 by a work colleague who stated this technology would be the future of money, but I didn’t understand much about it at the time. […]
Bad actors were able to infiltrate the accounts of and steal cryptocurrency from around 6,000 Coinbase customers by exploiting a multi-factor authentication flaw, according to Bleeping Computer. The cryptocurrency exchange told the publication that its security team observed a large-scale phishing campaign targeting its users between April and early May 2021. Some users may have […]
Bitcoin was trading 6.37% higher on Saturday morning. The price was almost $47,800 per coin, while rivals Ethereum and Dogecoin were trading at nearly $3,300 (+5.6%) and 21.7 cents (+5.05%) per coin, respectively, according to Coindesk. Just 24 hours earlier, Bitcoin was above $45,000. The recent surge in cryptocurrency in the U.S. is being attributed […]
Stock Markets The Nasdaq Composite index and the other large-cap benchmarks have registered their most significant intra-week drop since February, despite Friday’s rally, which recovered some of the week’s losses. This week’s performance concluded what turned out to be the worst monthly declines since the pandemic began, mainly on the back of inflation worries and […]
SUMMARY OF THE WEEK This week was filled with bullish news. As the market appears to prepare for an end of year run, the good word keeps coming. From El Salvador’s volcano bitcoin mining operations going live to a Missouri Mayor planning to give households $1,000 in bitcoin each, the week was something to behold. […]
There was blood in the markets on Friday, as European stocks dragged lower after posting their first negative month since January. It came as Eurozone inflation hit its highest level in 13 years due to surging energy prices. According to Eurostat, headline inflation came in at 3.4% last month, the highest level since September 2008 […]
Cathie Wood is calling for a drop in oil prices, likening the crude market to the extinction of whale oil in the early 1900s. “The rise in oil prices this year is a function more of supply than demand. At the turn of the 20th century, whale oil faced the same fate and whale oil […]
