Bitcoin was trading lower by 0.1% on Wednesday morning. The price was around $34,787 per coin, while rivals Ethereum and Dogecoin were trading around $2,382 and 23 cents per coin, respectively, according to Coindesk. There’s another place where you can use cryptocurrencies to pay your tab. The Pavilions Hotels & Resorts, a high-end hotels group, […]
Disagreement within OPEC could trigger a more a volatile period for oil, with prices jumping on lack of new supply or sinking suddenly if member countries decide to release crude independently. Oil prices initially surged to a six-year high on news that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, […]
Glauber Contessoto took a big risk on dogecoin, a meme-inspired cryptocurrency that began as a joke, earlier this year. Between his savings and borrowed funds, Contessoto says that he invested over $250,000 in dogecoin on February 5 when it was priced at about 4.5 cents. About two months later, on April 15, he says he […]
The fossil fuel power plant that a private equity firm revived to mine bitcoin is at it again. Not content to just pollute the atmosphere in pursuit of a volatile crypto asset with little real-world utility, this experiment in free marketeering is also dumping tens of millions of gallons of hot water into glacial Seneca […]
China’s central bank said Tuesday it had called for the shutdown of a company that “was suspected of providing software services for virtual currency transactions.” The statement, issued by the Beijing office of the People’s Bank of China, also warned institutions not to provide other services related to virtual currency, including providing business premises or marketing. […]
Stock Markets The stock market gained upward momentum with both the broad S&P 500 Index and the tech=heavy Nasdaq Composite Index closing a fifth successive quarterly rise. The Russell 1000 Growth Index saw an eighth straight weekly gain as large-cap growth stocks led the market advance this week. In the S&P 500, technology and health […]
OPEC heads into Thursday’s meeting with Russia and other allies with a better command of world oil prices than it has had in years, analysts said. OPEC+, the organization of oil-producing countries and its allies, is expected to consider adding between 500,000 and 1 million barrels per day, but analysts said there is some talk […]
Details are slowly emerging about a new startup, Worldcoin, that aims to launch a new cryptocurrency that it would distribute to people in exchange for their eye scans. The futuristic-sounding idea has attracted major supporters in Silicon Valley, including Y Combinator president Sam Altman, LinkedIn co-founder Reid Hoffman, and the venture capital firms Andreessen Horowitz […]
Gary Lachance has a knack for getting people to help him out. One of the co-inventors of the Decentralized Dance Party (DDP) – a roving celebration powered by a radio transmitter, hundreds of boomboxes and thousands of dancers – he never struggled to find people willing to chip in for gas money or batteries to […]
The stock market is entering the danger zone, according to one often overlooked measure of equities valuation. At its current level of 38 times, the Shiller P/E Ratio is nearing the peak (44 times) seen at the height just before the dot-com bust in 2000, write strategists at SunDial Capital Research. Created by noted Yale […]
A key oilfield near a U.S. military base in Syria’s Deir Ezzor region came under rocket attack on Monday, hours after the U.S. military said on Sunday it had carried out airstrikes against storage facilities of Iran-backed militia in Iraq and Syria. “Unidentified assailants have reportedly fired more than 8 rockets at a U.S. military […]
The stock market has already picked a winner in the race to mass electric-vehicle production, one market analyst says. Tesla’s lofty valuation — 137 times forward price-to-earnings as of Tuesday’s close — speaks volumes about where investors are placing their bets as legacy auto manufacturers rush to develop their own EV projects, TradingAnalysis.com founder Todd […]
