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Economy

“US Growth Forecast Slashed By One Percent, and IMF Warns Global Economy Is Not Looking Good”

“EDITOR’S NOTE: The global economic recovery from the pandemic is slowing dramatically, and the International Monetary Fund (IMF) just confirmed that by slashing the U.S.’s economic growth forecast. According to CNN, “the IMF on Tuesday slashed its 2021 growth forecast… Continue Reading…

Business, Economy

“One corner of the auto market is hitting records as used car prices surge”

“A global chip shortage has put the squeeze on car production and driven the price of used cars higher. Used car and truck prices rose by more than 45% in June, according to the most recent read on inflation. That looks to have had a… Continue Reading…

Business

“Amazon Demands One More Thing From Some Vendors: A Piece of Their Company”

“Suppliers that want to land Amazon.com Inc. as a client for their goods and services can find that its business comes with a catch: the right for Amazon to buy big stakes in their companies at potentially steep discounts to… Continue Reading…

Stocks

“One record-breaking stock can rally another 140%, chart suggests”

“The S&P 500 came frustratingly close to a record high but failed to cross that hurdle. Still, several stocks have managed to make new highs this week, including ADP, Target, eBay, T-Mobile and Nvidia… “We’ve been in a massive uptrend since 2015. We don’t show resistance until about $,1650. Nvidia… Continue Reading…

Cryptocurrencies

“Bitcoin plunges 30% to $30,000 at one point amid broad cryptocurrency sell-off”

“Bitcoin plunged to near $30,000 at one point on Wednesday morning, continuing a major sell-off in the cryptocurrency markets that began a week ago. The digital currency was down about 13% for the day shortly before noon ET at $37,490, according… Continue Reading…

Cryptocurrencies

“$1 Dogecoin looks almost inevitable now”

“Dogecoin continued its recent surge Wednesday, hitting new all-time highs and making even the most skeptical admit that the vaulted $1 price goal is looking more and more achievable. The cryptocurrency that no one was meant to take seriously spiked to just… Continue Reading…

Cryptocurrencies

“Bitcoin will eventually hit ‘$1 million a coin,’ CoinDesk editor predicts”

““Bitcoin is going to $1 million a coin,” CoinDesk Learn Editor Ollie Leech said. “I actually believe that it will, at some stage, with just the scarcity aspect alone, it makes it an incredibly exciting asset to hold… Bitcoin is… Continue Reading…

Stocks

“GameStop to Offer Up to $1 Billion in Shares; Stock Declines”

“GameStop Corp. fell early on Monday after the company said it may sell up to $1 billion worth of additional shares in an at-the-market equity offering program. Shares of the video game retailer declined more than 15% to $160.96 as… Continue Reading…

Economy

“Oil prices up more than $1 on growing global economy optimism”

“Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge U.S. stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose… Continue Reading…