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“Stagflation is staring Biden in the face — but he refuses to change course” First we were told inflation was imaginary. Then we were told it was “transitory,” the result of COVID-inflicted supply-chain problems. Then we were told it was Russian President Vladimir Putin’s fault. Now people are starting to admit the massive runaway spending of the Biden…
“US economy shrank by 1.4% as inflation takes toll on GDP” The US economy contracted by 1.4% in the most recent quarter, shrinking for the first time since the pandemic-induced recession two years ago as inflation continues to surge, according to government data released on Thursday. The Commerce Department’s estimate Thursday of the first quarter’s…
” Bitcoin rejects $40K as US dollar strength hits 20-year high “ Bitcoin (BTC) made a fresh bid to crack $40,000 on April 28 as Wall Street trading opened to twenty-year highs for U.S. dollar strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY now in “parabolic rally” Data from Cointelegraph Markets Pro and TradingView showed…
” Ex-BitMEX CEO explains how Bitcoin will hit $1 million by 2030 “ Bitcoin (BTC) will cost $1 million by 2030, one of the industry’s best-known pundits insists, as countries worldwide shun the euro and U.S. dollar. In his latest blog post published April 27, Arthur Hayes, former CEO of crypto derivatives giant BitMEX, doubled down…
” 21Shares launches hybrid Bitcoin and gold ETP to enable inflation hedge “ 21Shares, a major issuer of cryptocurrency exchange-traded products (ETP), is launching a new ETP tracking a mix of Bitcoin (BTC) and gold. The Switzerland-based firm on Wednesday announced the launch of the 21Shares ByteTree BOLD ETP (BOLD), a new product aiming to provide…
“US stocks fall as Microsoft, Google kick off key tech earnings” US stocks were pounded in midday trading Tuesday — with heavy losses in the tech-heavy Nasdaq index – as investors braced for key earnings from Google parent Alphabet and Microsoft later in the afternoon. The tech giants are set to disclose quarterly results against…
“Inflation spurs 40% of small businesses to hike prices: survey” Surging inflation is still weighing heavily on U.S. small businesses – some 40% of which are planning to increase prices by 10% or more to offset their rising expenses. The results of a survey conducted by the National Federation of Independent Business also hint at…
” CityCoins expanding services via 11 new incubated projects “ The Stacks Ventures project incubator has accepted 11 projects to help make CityCoins more appealing to global mayors who want to utilize a digital asset to receive rewards and bolster their economies. Stacks Ventures is a $4 million incubator for projects on the Stacks (STX)…
“Joe Biden’s all malarkey all the time” It feels like yesterday when Joe Biden promised there would be “No Malarkey” in his White House. To underscore the point, he had the words painted in giant letters on a bus he used in 2019. However you translate malarkey — “bulls–t” is the best option — it’s…
“Dow plunges 800 points as Fed signals steeper rate hikes to combat inflation” The Dow suffered its worst one-day loss since October 2020 as investors weighed the possibility that the Federal Reserve could hike interest rates more than expected and digested days of disappointing earnings results. The S&P 500 fell 2.8%, closing out a third…