Renowned trader Peter Brandt did not hold back when responding to economist Peter Schiff’s criticisms of Bitcoin. Schiff’s comments on Bitcoin being a “best kept secret” were met with Brandt’s sharp rebuttal, pointing out the vast difference in attendance between Bitcoin and gold conferences. Brandt’s response highlighted the changing landscape of investment preferences, with more
investment
California Governor Gavin Newsom recently issued an executive order aimed at clearing homeless encampments on state properties, urging local governments to utilize state funding to take similar actions. This move comes in response to the U.S. Supreme Court’s Grants Pass decision, which reversed a previous ruling restricting the removal of homeless encampments without adequate shelter
The recent trends in the Nasdaq-100 index have indicated significant profit taking from many investors who have chosen to reduce their exposure to what is known as the “Magnificent Seven.” This includes tech giants such as Nvidia, Meta Platforms, and Alphabet, among others. As we continue to digest the earnings reports of these companies, there
The volatility in the Chinese yuan has sparked concern among investors, with suspected intervention by the People’s Bank causing wild swings in the currency. This uncertainty has added to the already shaky ground that Asian currencies are treading on. The lack of direction in the yuan has left traders on edge, unsure of where the
Lamb Weston, the Idaho-based supplier of frozen potato and vegetable products, faced a major setback as it emerged as the worst-performing stock in the S & P 500 following disappointing quarterly results. The fully diluted earnings per share plummeted over 70% from the same period the previous year, triggering a massive dip in the stock
Investors have recently shown a bullish sentiment towards the Singapore dollar, marking the first time since mid-December. This positive outlook is largely attributed to the city-state’s robust growth and inflation dynamics, which continue to support the local unit. Long positions on the Singapore dollar have reached their highest levels since early April 2023, indicating a
In a recent decision, the Louisiana State Bond Commission made a critical financial move by approving three massive bond issues totaling more than $3 billion. This decision marks a significant milestone in the state’s efforts to enhance infrastructure and public services. The commission approved a $1.33 billion to $2 billion bond, which will be backed
The recent tech sell-off has sparked concern among investors and hedge fund manager Dan Niles. Niles believes that the market’s response to Google parent Alphabet’s quarterly results serves as a wake-up call for investors. The significant drop in shares on Wednesday, by as much as 5%, indicates that there may be growing impatience among investors
Alphabet investors were in for a rollercoaster ride as the tech giant reported its second-quarter earnings. While the company managed to exceed expectations, the news of lower-than-expected YouTube advertising revenue sent shares tumbling by about 5%. This decline was further exacerbated by Alphabet’s announcement of plans to significantly increase capital expenditures in order to meet
In the fast-paced world of technology, the demand for artificial intelligence and cloud computing services is on the rise. Companies like Microsoft are at the forefront of this trend, with a leading position in both AI and cloud computing. As Alphabet recently reported impressive cloud revenue growth, it is clear that Microsoft is poised to