Category Archive: Cryptocurrency, No picture
US House passes landmark FIT21 crypto bill with bipartisan support
The US House of Representatives has approved the Financial Innovation and Technology for the 21st Century Act (FIT21), a wide-reaching bill that establishes regulations for digital asset markets.The bill passed with a 279-136 vote, marking the crypto industry’s biggest-ever policy win in the US and the first time a major crypto bill has cleared one […]
Is The Fed Driving Us Into Recession?
Image Source: Pexels Chris Casey of WindRock Wealth Management joins to explain the shocking truths about the Fed’s policies and how they might be driving us toward recession.In this episode of Wealthion, host Andrew Brill sits down with Chris Casey, Founder and Managing Director of WindRock Wealth Management, to explore whether or not the Fed is […]
The Meme Stock Mania Is Back; Run
Image Source: Unsplash 2021 saw the emergence of meme stocks as Reddit users orchestrated a short squeeze that skyrocketed the price of GameStop Corp (GME) stock. Now, the OG meme stock is back in action. The price of GameStop stock rose dramatically (74.4%) on Monday, May 13, coinciding with Keith Gill’s (also known as “Roaring Kitty”) […]
Nvidia reports $26 billion Q1 revenue, AI crypto tokens show correlative gains
Chip-making tech behemoth Nvidia has announced its Q1 earnings, showing a record quarterly revenue of $26 billion, up by 5.5% of market expectations. The company has also confirmed that a ten-for-one forward stock split would be implemented by June 7, 2024. At the time of writing, the Nvidia stock ($NVDA) is up 2.6% after market […]
Investing In The Oil And Gas Sector?
Image Source: Unsplash Investing in the oil and gas industry carries a number of significant risks. Three of the primary risks include commodity price volatility, the potential for dividend cuts, and the possibility of accidents such as oil spills. Despite these risks, long-term investments in oil and gas companies can be highly profitable. It is essential for investors […]
The Fed Just Went Nuclear And The Market’s In Denial
Image Source: Pexels While everyone and their mother was waiting for Nvidia’s (NVDA) quarterly earnings, the Fed Open Markets Committee meeting minutes hit the street.Oooh boy…The report wasn’t good at all. Seems plenty of folks at the central bank are feeling really hawkish. Forget about that weak “higher for longer” song ‘n dance we usually get……because […]
Uber/Lyft Vs. The Minneapolis City Council: Denouement
Image Source: Unsplash Last week, I posted about the attempt by the Minneapolis City Council to set higher pay for Uber and Lyft drivers, and the threat by the rideshare companies to withdraw from Minneapolis or from Minnesota as a whole if the law was enacted. The dispute seems settled, at least for now, and I thought […]
Bitcoin’s Recent Spike Indicates Bullish Momentum Towards $90,000
Image Source: Unsplash Bitcoin (BTC) recently made a dramatic comeback into the $70k zone after a bullish reversal pattern was signalled by a spinning top candlestick closed to the downtrend’s bottom on May 20. However, the asset shed off some of its accumulated gains in a 2% daily decline to trade at $69k at press time.According to our data, Bitcoin’s […]
MetaMask reportedly working on native Bitcoin integration
MetaMask, the popular Ethereum wallet with over 30 million monthly active users, is reportedly preparing to support native Bitcoin (BTC) transactions, according to reports citing persons familiar with the matter.While the company has not officially confirmed the rumors or provided a specific timeline, the integration could potentially be available as early as June, with features […]
Q1 2024 U.S. Retail Scorecard – Wednesday, May 22
Image Source: Unsplash To date, 151 of the 201 companies in our Retail/Restaurant Index have reported their EPS results for Q1 2024, representing 75% of the index. Of those companies that have reported their quarterly results, 74% announced profits that beat analysts’ expectations, while 1% delivered on-target results and 25% reported earnings that fell below estimates. […]
