In a recent post on X, financial commentator and Bitcoin critic Peter Schiff provided his insights on the world’s leading digital asset. According to Schiff, the current plunge in Bitcoin price is not expected to crash below the current level, as Bitcoin ETF buyers have not yet panicked. He specifically assessed the trading behavior of
In a surprising turn of events, a dormant Bitcoin wallet was recently reactivated by its anonymous owner after 10.6 years of dormancy. Reports indicate that the value of Bitcoin held in the wallet has surged by an astonishing 8,000%, catapulting its owner into the millionaire club. This resurgence marks the fourth instance of a dormant
Bank of America’s recent analysis highlighted Carnival as a stock with promising potential heading into the second half of the year. Despite facing challenges in recent years due to the global pandemic, Carnival managed to surpass expectations with better-than-expected earnings in late June. Analyst Andrew Didora noted that the company’s cruise spend remains healthy, and
As we head into the second half of 2024, the investment firm BTIG has shared its latest additions to its list of top stock picks. While the year started off with investors expecting a broadening of the market rally, BTIG’s chief market technician, Jonathan Krinsky, is now expressing doubts about this outcome. With the S
Michael Saylor, the co-founder of the business intelligence giant MicroStrategy, known for its significant accumulation of Bitcoin over the past four years, recently made a bullish tweet addressing the crypto community. This comes at a time when the global flagship cryptocurrency has shown a 4.89% recovery in the last 24 hours, moving away from the
The cryptocurrency market has witnessed the rise of meme coins like never before, with Dogecoin leading the pack. Created as a satirical response to the hype surrounding cryptocurrencies, Dogecoin became a cultural phenomenon that surprised everyone with its value appreciation. This success paved the way for other meme coins to enter the market, each aiming
The anticipation of key inflation readings in the upcoming week has sparked discussions about a potential interest rate cut in September. Investors are closely monitoring the situation, particularly after a rocky start to the year. The Federal Reserve’s indication of a possible quarter percentage point cut in 2024 has prompted markets to price in two
The state of Illinois has seen a significant improvement in its financial standings, with the state comptroller reporting a 55% year-over-year increase in the end-of-year general revenue fund cash balance. This improvement comes as a stark contrast to previous years when the state faced massive backlogs of unpaid bills amounting to billions of dollars. A
The semiconductor industry is currently facing a challenging labor market characterized by intense competition for talent. With the dispersion of funding from the CHIPS and Science Act aimed at boosting domestic production, companies in the sector are expediting their recruitment efforts. However, the road ahead is not without obstacles, as projections suggest a looming shortfall
The Washington Metropolitan Area Transit Authority (WMATA) is preparing to issue $625.4 million in second lien dedicated revenue bonds, and there is optimism that the market will respond positively to this offering. The bonds are anticipated to attract interest from local buyers in D.C., Maryland, and Virginia due to the exemption of interest in these