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Monthly Archives: June 2021

From crypto to crude, markets flatline ahead of today’s monumental Fed meeting

[Fortune, Getty Images] It’s Fed day, investors. Here’s what you’ll need to know. Good morning. Global stocks and U.S. futures are pretty steady ahead of today’s big Fed decision—or, more likely, lack of one. Either way, there will still be plenty of fireworks as Jerome Powell gets grilled on inflation, growth, the labor market and bond-buying. That […]

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China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas

[CNBC, Getty Images] In May, Beijing called for a severe crackdown on bitcoin mining and trading, setting off what’s being dubbed in crypto circles as “the great mining migration.”Texas is an ideal destination for miners, thanks to its abundance of solar and wind power, its unregulated market, and its crypto-friendly political stance.China has long been […]

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The U.S. Averted One Housing Crisis, but Another Is in the Wings

[The New York Times] A moratorium on evictions did little to address the bigger problem: The country is running out of affordable places for people to live. The United States averted the most dire predictions about what the pandemic would do to the housing market. An eviction wave never materialized. The share of people behind […]

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CDC now calls coronavirus Delta variant a ‘variant of concern’

(CNN) The US Centers for Disease Control and Prevention now calls the Delta variant of the novel coronavirus, also known as B.1.617.2, a “variant of concern.” The variant of concern designation is given to strains of the virus that scientists believe are more transmissible or can cause more severe disease. Vaccines, treatments and tests that detect the […]

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Mark Cuban says ‘banks should be scared’ of cryptocurrency-based DeFi

[CNBC, Getty Images] Billionaire investor Mark Cuban is very bullish on the future of DeFi, or decentralized finance, and DAOs, or decentralized autonomous organizations. “There are a lot of financial institutions that should be concerned,” Cuban wrote in a blog post on Sunday. For one, “banks should be scared,” he wrote. DeFi applications aim to recreate traditional financial […]

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Americans’ inflation fears reach a fever pitch as consumer prices rise

[CNBC] Fears of inflation in the year ahead hit its highest level on record, according to a report by the Federal Reserve Bank of New York.  When inflation rises, savers may consider alternatives for stashing cash.As the economy quickly picks up steam in the wake of the Covid pandemic, Americans expect inflation to jump in the months […]

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3 Robinhood Stocks to Buy and Hold Forever

[The Motley Fool, Getty Images] The trading platform’s young traders love some blue chips that they may want to hold for a long time. The narrative that Robinhood traders flock to meme stocks and penny stocks gets old fast. It’s also far from the truth. There are some speculative names among the most popular investments […]

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10 Penny Stocks Robinhood Traders are Buying in 2021

[Insider Monkey, UnSplash] In this article, we discuss the 10 penny stocks Robinhood traders are buying in 2021. Robinhood Markets, the California-based financial technology firm that owns popular stock trading application Robinhood, is expected to debut on the stock market in the coming months, targeting a record market valuation of over $40 billion. Robinhood has […]

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40 Cities That Could Be Poised For a Housing Crisis

[Go Banking Rates, Shutterstock] The lessons of the 2008 housing crisis are a living memory, and the effects of the recession of that era still are being felt. Although today’s housing market is largely hot, experts are bracing for a wave of evictions triggered by pandemic-related disruptions. That, they fear, could be the catalyst for a […]

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Central banks are headed toward digital currencies

[Axios] The U.S. is starting a national conversation arounda central bank digital currency (CBDC). Why it matters: Several other countries have already experimented with or released early versions of CBDCs. Such a pivot could aid underbanked populations, and help make banking and monetary policy more efficient. Driving the news: The Senate Banking Committee held a hearing on CBDC Wednesday, […]

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