Black Thursday

The liquidation in the past 24 hours beats the ones seen during March Crash, aka Black Thursday, and in late Feb. Propelled by Treasury rumors, high leverage, and hash rate taking a hit, BTC went down to $51,300, and Ether touched $2,000. The cryptocurrency market crashed overnight, and the losses…

Peter Schiff, CEO of Euro Pacific Capital and a well-known critic of Bitcoin, went full-on doomsayer mode yesterday with predictions of everything collapsing—the U.S. dollar, the American economy, and, of course, Bitcoin (BTC). “I don’t think these Bitcoin collections are going to be worth anything when the music stops,” Schiff…

Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. JOHANNES EISELE/AFP via Getty Images US shares fell on Monday as technology shares dragged indexes lower. Investors remain cautious over the slew of corporate earnings ahead…

The Federal Reserve Chairman Jerome Powell said he expected U.S. economic growth to be "very strong" in the second half of this year as the country works its way out of the COVID-19 crash and tough lockdown measures. In an interview with CBS News' 60 Minutes aired on Sunday night,…

Ever since March of last year, where most of the world’s markets crashed heavily on the realisation of Covid-19’s impact, the appetite for risky investment has been extremely low. Many have been waiting to see how the global economy recovers from the pandemic, and the signs are starting to show.…

J.R. Gondeck sees the "largest increase in dividends in American history" happening this year. In an interview with Insider, he recommended stocks from the financial and home improvement sectors. He said that he thinks 10-year Treasury yields have peaked in the near-term. See more stories on Insider's business page. If…

This week, the first true headline-grabbing legislative battle of the Biden administration and the Democratic Congress has begun as the $1.9 trillion pandemic relief package takes center stage in the Senate. As with any piece of rock-star legislation, the bill’s movement through the Capitol has been accompanied by backstage maneuvering,…

On December 13, 2019, Britain’s newly elected Prime Minister Boris Johnson welcomed “a new dawn.” The Conservative Party had secured its largest parliamentary majority since 1987. Almost 50 new seats had swung the Conservatives’ way, including many in the so-called “red wall”: working-class constituencies in north and middle England traditionally…

Take a stroll around social media and you’ll see no shortage of people talking about “NBA Top Shot,” a collectible, blockchain-based highlight repository that has been around since July of 2019, but caught fire in the last week with over $50M in revenue hauled in by people still trying to…

Investor concerns about a bubble in stocks are growing amid a euphoric bull market. In an interview with Insider, Chris Zaccarelli said easy financial conditions will lead to a crash. The CIO at Independent Advisor Alliance said inflation will eventually force the Fed to up rates. Visit the Business section…