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“# Inflation winds stiffen as Bitcoin ballast on balance sheets proves its value ” It surely hasn’t escaped their notice, after all, that a number of public companies that “joined” Bitcoin (BTC) in a big way over the past year recently broadcast strong Q1 2021 earnings. Square, which holds $472 million worth of BTC, for…
“#Joe Biden is even more of a ‘master of disaster’ than Jimmy Carter” President Joe Biden entered office poised to oversee a record recovery and a return to the booming economy and all-round stability of pre-pandemic life. Instead, he’s turned out to be a master of disaster, with self-inflicted crises across the board threatening to…
“#Beware Joe’s inflation tax and other commentary” Economy watch: Beware Joe’s Inflation Tax “The invisible tax of rising inflation will do far more to harm working and middle-class Americans” than President Biden’s proposed tax hikes, fears Kristin Tate at The Hill. “Inflation has reached its highest point in years, and will likely reach the highest…
“#From inflation to jobs to the border, Biden is flailing — when will the media notice?” If the media could take a break from obsessing over the House Republicans choosing a new conference chair, they might have noticed that Joe Biden’s presidency is falling apart. On every major front, Biden is flailing — even by…
“#Stocks hammered as sell off moves from tech to other sectors” Investors pulled back on stocks Tuesday as a sell-off that began in tech companies broadened to other sectors, sending the major US indices down. The Dow Jones Industrial Average tumbled about 450 points, or 1.3 percent, in mid-day trading. The S&P 500 was 0.8…
“#Consumers to get socked with higher prices in 2021” Americans looking to spend a little money as they emerge from the pandemic are about to get pinched by rising prices everywhere they turn. Consumers can expect to start forking over more — if they aren’t already — at grocery stores, coffee shops, drugstores, gas stations…
“#Janet Yellen clarifies inflation comments after roiling Wall Street” Treasury Secretary Janet Yellen said Tuesday she wasn’t expecting an inflation problem as the U.S. economy rebounds, walking back comments that unsettled markets hours earlier. Yellen had said earlier in the day that interest rates may need to be hiked in order to stave off inflation….
“#Economy is ‘red hot,’ but watch for inflation” Warren Buffett said the US economy is “red hot” — but warned inflation is a rising threat as businesses and jobs come roaring back. “Right now, business really is very good in a great many segments of the economy … It’s almost a buying frenzy,” Berkshire Hathaway’s…
“# Mass adoption looms as South America’s second-largest company accepts crypto payments ” On April 28, MercadoLibre (MELI), the largest Latin American online marketplace, launched a real estate section dedicated to cryptocurrencies. Although the company does not settle property transactions directly, it legitimizes the category as a payment system. The $81 billion retailer is the…
“# Possible Bitcoin treasury adoption as more companies cite inflation concerns ” No fewer than 47 companies have cited the term “inflation” in their earnings calls for Q1 2021. According to a report by financial market data provider FactSet on Monday, the figure represents the highest number of companies to do so in the last…