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
Potential
With the upcoming change in administration in 2025, traders and investors are left wondering about the impact on the markets and economy. The stark differences in policy platforms between the two parties raise concerns about the future. A hypothetical handbook titled “What to Expect When You’re Electing” could provide insights into the potential economic prospects
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
Bristol Myers Squibb recently announced its second-quarter earnings, which exceeded expectations, indicating a positive financial performance for the pharmaceutical giant. The company reported revenue and earnings that surpassed forecasts, prompting an increase in its full-year guidance. This successful quarter comes as Bristol Myers implements cost-cutting measures to streamline operations and invest in key drug brands
The cryptocurrency market experienced significant growth in premarket trading, with Bitcoin leading the way. Bitcoin, the world’s largest digital asset, surged over 4.7% in the past 24 hours, reaching a price of $67,346.0 as of 09:49 GMT. This upward trend helped Bitcoin recover some of its recent losses, with investors closely watching the market as
Bitcoin price experienced a significant rise on Friday, bouncing back from losses earlier in the week. The world’s largest cryptocurrency surged by 4.2% in the past 24 hours, reaching $67,006.2 by 02:07 ET (06:07 GMT). This recovery came after Bitcoin had dropped to lows of around $63,000 due to a wave of selling pressure in
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
The automotive industry took a hit this week as major U.S. automotive stocks experienced a decline. Ford Motor, in particular, faced a significant drop of more than 17% in early trading Thursday, marking its worst decline since 2009. The company missed Wall Street’s bottom-line earnings expectations, largely due to ongoing warranty problems. General Motors and
In a bold move, Charlie Visconsi and Ron Van Den Handel have departed from Preston Hollow Community Capital to establish V2 Municipal Capital, a firm dedicated to sourcing high-yield municipal deals in partnership with alternative asset manager Fundamental Advisors. This new venture marks a significant shift in the landscape of municipal finance, as Visconsi and
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