Federal Reserve Chair Jerome Powell said inflation had picked up but should move back toward the U.S. central bank’s 2% target once supply imbalances resolve. “Inflation has increased notably in recent months,” Powell said in written remarks prepared for his Tuesday testimony before the House Select Subcommittee on the Coronavirus Crisis, citing increases in oil
Questions are swirling around the future of Texas after Gov. Greg Abbott vetoed funding for the state legislature while raising funds for a border wall and calling for a special session. “Funding should not be provided for those who quit their job early, leaving their state with unfinished business and exposing taxpayers to higher costs
Hong Kong’s pro-democracy tabloid Apple Daily is on the verge of closure after its assets were frozen by the government last week, restricting its ability to operate. The asset freeze follows the arrest of two of the newspaper’s senior executives who were charged under China’s tough national security law after a raid by 500 police
In a recent interview with Lex Fridman, Charles Hoskinson, the founder of Cardano and co-founder of Ethereum offered his views on Bitcoin. The 33-year-old was less than complimentary, calling it “slow” and in desperate need of an upgrade. Hoskinson also took issue with the recent Bitcoin conference in Miami, comparing the whole thing to a
CNBC’s Jim Cramer said Monday he’s offloaded most of his bitcoin holdings, expressing concerns around the recent crackdown on crypto mining by the Chinese government and bitcoin’s role in some ransomware attacks. “Sold almost all of my bitcoin. Don’t need it,” Cramer said on “Squawk on the Street,” more than two months after he first
Take a look at some of the biggest movers in the premarket: MicroStrategy (MSTR) – MicroStrategy shares tumbled 8.7% in premarket trading amid a slide in bitcoin prices following the expansion of China’s crackdown on bitcoin mining. The business analytics company is among the biggest corporate investors in bitcoin, with several billion dollars in holdings
Federal Reserve Bank of Minneaopolis President Neel Kashkari took a jab at Dogecoin (DOGE) last week by referring to the meme coin as a ponzi, upping his rhetoric against cryptocurrencies. Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary at Coinbase, asking his connections about
This traditional Spanish-style villa in the town of Rocafort in Valencia, Spain, looks as though it rose from the mass of rocks below. In fact, stones extracted from the property between the 14th and 16th centuries were used to construct landmark buildings in the nearby city of Valencia. The lower portion of the property displays
Resident works with desk top computers and laptops at Google Inc.’s tech campus at East London’s Tech City. Bloomberg | Bloomberg | Getty Images LONDON — Google is closing its dedicated start-up space in London known as Campus. The Silicon Valley tech giant announced on Monday that it has decided “not to reopen” Campus in
What is Volatility? -The magnitude of the change -It is independent of direction, it refers to the change of ups and downs Why is it Important? -The more volatile the market is, the crazier it gets -Trends are harder to spot when they are more volatile -Swing trading becomes riskier -It is better to stick
Here is what investors need to know about Exchange Traded Notes (ETNs) before investing in them. JPMORGAN ALERIAN MLP INDEX ETN: https://www.zacks.com/funds/etf/AMJ/profile?cid=CS-YOUTUBE-FT-VID IPATH SP 500 VIX SHORT-TERM FUTURES ETN: https://www.zacks.com/funds/etf/VXX/profile?cid=CS-YOUTUBE-FT-VID IPATH SP GSCI CRUDE OIL TR INDEX: https://www.zacks.com/funds/etf/OIL/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
In this video David Jones explains what is the strategy price action trading and how to use it. At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
Inflation risks may warrant the Federal Reserve beginning raising interest rates next year, St. Louis Fed President James Bullard said, backing an even-earlier liftoff than penciled in by many of his colleagues. “I put us starting in late 2022,” Bullard said Friday during a TV interview on CNBC, referring to interest-rate projections published Wednesday by
A new opinion issued by the Justice Department says Puerto Rico’s admission as a state could legally include a transition period to temporarily continue the special bankruptcy provisions under PROMESA. That’s good news for the ongoing restructuring of the territory’s debt because it provides an assurance that statehood would not necessarily involve an abrupt dissolution
The Delta coronavirus variant that swept the UK has become dominant in Portugal and appeared in clusters across Germany, France and Spain, prompting European health officials to warn further action is needed to slow its spread. While the new strain, which first emerged in India, still only accounts for a fraction of the total coronavirus
On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Hawkish Fed comments push Bitcoin price and stocks lower again
Stewie the Yorkie Chihuahua is seen outside the New York Stock Exchange ahead of the IPO for Chewy Inc., June 14, 2019. Andrew Kelly | Reuters Given the current financial landscape, how can investors spot compelling plays? One strategy is to look for stocks that boast strong upside potential through 2021 and beyond. The names
Traders on the floor of the New York Stock Exchange. Source: NYSE The Federal Reserve’s signal that it is looking to step away from some of its easy policy is expected to continue to be a dominant trading theme in the week ahead and likely for the rest of the summer. In the past week,
If you’re planning to stay home this summer or just taking local trips, an online marketplace called The Nopo might just satisfy a bit of your wanderlust. While shopping online doesn’t exactly expose you to the same sights, sounds, and tastes, this platform allows consumers to purchase a variety of items including home decor, rugs,