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“#How GameStop stocks made ordinary Americans go for broke” Jeremy was a 22-year-old college senior who took his $6,000 textbook money and turned it into $109,977. Kim was a single mom and psychiatric nurse hoping to pay for her kid’s braces only to get caught up in a much bigger search for meaning. Sara was…
“#Biden ripped by GOP governors over vaccine mandate, threaten legal action” Republican governors and other lawmakers blasted President Biden Thursday after he announced a nationwide vaccinate-or-test requirement for businesses with at least 100 employees — an edict that could affect two-thirds of American workers. In remarks from the White House, the president said that the…
“# Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report ” The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer…
“#Biden going to Delaware amid Afghanistan chaos” President Biden is scheduled to spend at least part of Labor Day weekend at his home in Delaware despite the ongoing fallout from the chaotic evacuation of Afghanistan that has left dozens of American citizens and thousands of the US military’s Afghan allies in Taliban-controlled territory. The White…
“# Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data ” The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about…
“#Key inflation indicator jumps 3.6 percent, fastest rise in 30 years” A key inflation indicator rose 3.6 percent in July from last year — its biggest year-over-year jump in 30 years — as costs continued to build in the US economy, the feds said Friday. The Commerce Department’s core personal consumption expenditures index has risen over…
“#Gig apps for a pandemic economy: Part time, no commitment” LONDON — For months, Gabrielle Walker had been looking for a part-time job. She applied to restaurant chains and retailers like Nando’s and Primark and she scoured the job search site Indeed. Nothing. Then one day, Walker, a 19-year-old student at University College London, was…
“# Bloomberg strategist explains why 30-year US bonds have ‘bullish implications’ for Bitcoin ” Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted to Mike McGlone on Aug. 23, the senior commodity strategist at Bloomberg…
“# Australia and Singapore conclude digital verification blockchain pilot ” The Australian Border Force (ABF), Infocomm Media Development Authority of Singapore (IMDA) and Singapore Customs, along with other industry representations, have concluded a blockchain trial project analyzing the status of the countries’ digital verification systems in issuing and verifying trade documents. The collaborative venture was…
“# Fidelity’s crypto ambitions are bigger than expected: report ” Fidelity’s plan to corner the cryptocurrency market appears to be more ambitious than previously imagined, as the asset manager looks to provide more institutional pathways to digital assets. In a recent interview with the Boston Globe, Chrstine Sandler, the head of sales and marketing for…