The recent exchange between legendary trader Peter Brandt and renowned Economist Peter Schiff has brought to light the ongoing debate surrounding Bitcoin and gold. Schiff, a known gold bug and cryptocurrency critic, criticized Bitcoin’s perception as the “world’s best kept secret” during a Bitcoin Conference. Brandt, in response, pointed out the difference in attendance figures
In light of the recent political changes and uncertainties surrounding the upcoming administration in 2025, investors are left wondering about the future of the markets and the economy. With contrasting policy platforms from different parties, the economic landscape seems poised for significant changes. A hypothetical handbook titled “What to Expect When You’re Electing” could provide
California Governor Gavin Newsom recently issued an executive order instructing state agencies to adopt policies to clear homeless camps on state properties. This comes as a response to the U.S. Supreme Court’s Grants Pass decision, which reversed a previous ruling that restricted the ability of states and cities to clear homeless encampments. Local Government Involvement
In recent days, the Nasdaq-100 has experienced significant profit taking as numerous investors have decided to reduce their exposure to what is known as the “Magnificent Seven.” This trend has led to a decrease in the value of the Nasdaq-100, which is closely followed by the Invesco QQQ Trust ETF. As we navigate through the
The cryptocurrency market witnessed a significant surge in premarket trading on Friday, following the impressive performance of Bitcoin (BTC). BTC, the leading crypto asset, experienced a remarkable 4.7% increase over the past 24 hours, reaching a trading price of $67,346.0 by 09:49 GMT. This sudden uptick helped Bitcoin recover a portion of its recent losses
Bristol Myers Squibb recently reported second-quarter earnings and revenue that surpassed expectations, showcasing a significant financial success for the pharmaceutical giant. The company raised its full-year revenue forecast to an increase in the “upper end” of the low single-digit range, indicating a positive trajectory in terms of financial growth. Additionally, the adjusted earnings guidance for
As markets continue to react swiftly to economic data and geopolitical events, the foreign exchange markets have been experiencing significant fluctuations. The recent performance of major currencies such as the US dollar, euro, and Japanese yen has been influenced by a variety of factors, including inflation data, central bank decisions, and market sentiment. It is
The Asian currency market has been experiencing significant volatility and speculation in recent times. Chinese yuan, in particular, has been at the center of wild swings due to suspected intervention by the People’s Bank. The uncertainty surrounding the currency has led to cautious trading behavior among investors, with many opting for safe-haven assets like the
Despite facing a wave of selling pressure in global financial markets, Bitcoin managed to rise by 4.2% in the past 24 hours, reaching $67,006.2. This recovery came after hitting lows of around $63,000 earlier in the week. The highly speculative nature of the crypto sector made it particularly vulnerable to the risk-off trend that dominated
Living in a major city in Asia can be quite expensive, especially when it comes to monthly rent. According to data from Numbeo, the cost of renting an apartment in Shanghai’s city-center can reach approximately $2,700. This high cost of housing is just one aspect of the overall expensive lifestyle in major Asian cities. Hong