Trump's Second Presidency Could Spell Gains for Crypto, NFTs
Geoff Kendrick, the head of FX Research and Digital Assets Research at Standard Chartered Bank, suggests that a win by former U.S. President Donald Trump in the upcoming November U.S. presidential election could have a positive impact on Bitcoin.
May 11, 2024 5:22 AM EDT
TikTok Ban on Hold? App Fights for 170 Million US Users
On Tuesday, TikTok and its Chinese parent firm ByteDance filed a lawsuit in a U.S. federal court, attempting to overturn a bill that President Joe Biden had signed that would have required the 170 million Americans who use the short video app to either divest or outright prohibit it.
Equinox’s Ultra-Pricey Program Aims to Extend Your Life
Equinox, a high-end fitness business, is charging for the ultimate luxury: longer life. The business unveiled a subscription on Monday that, at a whopping $36,000 annually, entitles users to more than 100 tests designed to improve health and lengthen life.
Biden and McConnell Under Fire as Rand Paul Denounces Spending on Ukraine Aid
Senator Rand Paul criticized President Biden and Senate Minority Leader Mitch McConnell during an interview aired on Sunday, focusing on the expenditure of "borrowed" money on Ukraine.
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Bond Yields Drop as Job Growth Slows
After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.
May 06, 2024 4:18 PM EDT
Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance
Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.
May 06, 2024 4:18 PM EDT
Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II
The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.
May 06, 2024 4:17 PM EDT
Regulatory Hurdles Remain Despite Cannabis Reclassification
Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T
May 03, 2024 3:16 PM EDT
Is Your Luxury Bag Real? Rising Superfake Quality Threatens Your Investment
Luxury handbag counterfeiting has taken off on social media. The most recent wave of counterfeit handbags, dubbed "superfakes," resembles the real luxury item remarkably well rather than being poorly constructed knockoffs.
May 03, 2024 3:13 PM EDT
Inflation Bites as Low-Income Shoppers Skip Extras
Several of the most well-known companies in America claim that as prices rise, inflation is pinching their customers.
May 03, 2024 3:12 PM EDT
Is it Time to Invest in Weed? Pot Stocks Rise on Reclassification, But Caution Urged
Cannabis company shares shot up on Tuesday afternoon following the U.S. Marijuana was reclassified by the Department of Justice (DoJ) as a less harmful substance.
May 03, 2024 3:04 PM EDT
Protect Your Wallet: FBI Warns of Rising Elder Fraud Targeting Seniors
According to a recently released FBI report, Americans over 60 were the victims of so-called elder fraud crimes more often last year than any other year, accounting for an estimated $3.4 billion in total reported losses.
May 02, 2024 3:08 PM EDT
Is China's Central Bank Gold-Buying Spree A Precursor for War? Part I of II
Since 2009, China has more than doubled its gold reserves. In wartime, particularly in wars perpetrated in violation of international law, the resulting international sanctions can force an invader state to rely on its gold reserves. Thus if a country is preparing to go to war and incur sanctions, it will ensure it has an ample reserve of gold.
May 02, 2024 3:08 PM EDT
Milei's Radical Approach to Overhauling Argentina's Fiscal Deficit
Javier Milei, the libertarian president of Argentina, is intensifying his efforts to reduce the nation's large budget deficit by focusing more on "chainsaw" expenditure cutbacks and "blender" austerity measures that reduce buying power and, he believes, curb out-of-control inflation.
May 02, 2024 3:08 PM EDT
JPMorgan Predicts No Rate Cuts, Potentially Boosting Returns
JPMorgan Chase & Co. President Daniel Pinto suggested that the Federal Reserve might not cut interest rates at all this year due to persistently high inflation.
May 02, 2024 2:59 PM EDT
Can Small Businesses Survive Without TikTok?
As the TikTok ban approaches in the United States, millions of usersâ ncluding owners of small businesses are frantically trying to decide what to do.
Apr 29, 2024 7:50 PM EDT
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