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“# Miami mayor bought Bitcoin after Congress passed $1.9T stimulus bill ” Francis Suarez, the crypto-friendly mayor of the city of Miami, may have further cemented his status as a cryptocurrency proponent. Appearing on the CNBC Squawk Box program, Suarez revealed that he owns both Bitcoin (BTC) and Ether (ETH). “I own #bitcoin and I…
“# Former congressman Ron Paul: Bitcoin is money and should be taxed the same ” Former presidential candidate and congressman Ron Paul has renewed calls for Bitcoin to be legalized as money and not taxed. Paul is a staunch libertarian and author of the Bitcoiner favorite “End the Fed,” who has advocated for the legalization…
“# Bitcoin is risky digital ‘copper’, it’s not gold — Goldman Sachs commodities boss ” Jeff Currie, the global head of commodities research at Goldman Sachs, has dismissed comparisons between Bitcoin and gold as an inflation hedge, and described BTC as more akin to a “risk-on” asset like copper. Speaking on CNBC’s Squawk Box Europe…
“#Restaurants raise prices amid soaring costs, labor shortage” Americans returning to restaurants might notice something different: a bigger bill. Rising costs of ingredients and basic supplies as well as a nationwide labor shortage are throttling restaurants just as they begin to fully reopen and ramp up for a bustling summer season. Alan Natkiel, the owner…
“#How the trucker shortage is fueling the meat crisis” Meat lovers are paying through the nose for their favorite cuts — and a raging trucker shortage is increasingly to blame, The Post has learned. The cost of a summer BBQ starring boneless ribeye steak, for example, cost an average of $12.37 a pound last week,…
“# For the long haul? When Bitcoin nosedived, institutions held fast ” Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value. The industry had soared to new heights a month earlier, with Bitcoin (BTC) reaching almost $64,000, driven in good part…
“#Key inflation indicator rises to highest level since 1992” A key inflation indicator rose 3.1 percent in April from a year ago as costs continued to grow in the US economy just as it’s mounting a comeback from the pandemic, the feds said Friday. It is the most since July 1992 that the core personal…
“# Billionaire Carl Icahn says he may drop up to $1.5B into crypto ” Former crypto skeptic Carl Icahn, the founder of Icahn Enterprises, told Bloomberg he’s set to enter the crypto market in a “big way” — teasing an investment of around $1.5 billion. Icahn is an investor and former advisor to the Trump…
“#Biden’s next big giveaway starts in July — will Congress finally start telling him ‘No’?” Yet another batch of federal payouts starts in July, giving economists more cause for concern about the avalanche of spending under President Joe Biden. Biden’s $1.9 trillion “COVID relief” package included an expanded, refundable child tax credit of up to…
“#Larry Summers raises inflation concerns as he blasts Biden’s spending” Former Treasury Secretary Larry Summers said he is skeptical of massive spending increases under Biden and the Federal Reserve – and is now worried about inflation more than ever, according to a report. “The traditional role of the Fed is to remove the punch bowl…