[Fortune] Trading will “continue to be range-bound, perhaps at a slightly higher range,” Michael Safai of Dexterity Capital tells Fortune of the Bitcoin, Ether price movement. The cryptocurrency market jumped on Thursday following news that the U.S. economy shrank for the second straight quarter. Bitcoin is trending upward, currently […]
Read More
[Fortune, Solana Spaces] In the expansive world of Web3, there isn’t much use for anything IRL, right? Wrong. Just ask the team behind Solana, which is opening a permanent physical retail space dedicated to all things tied to its cryptocurrency. Located at The Shops, a fancier-than-average mall at Hudson Yards in […]
Read More
[CNBC] KEY POINTS Morgan Stanley’s Mike Wilson believes stocks are on a collision course with more pain due to the economic slowdown. The firm’s chief U.S. equity strategist and chief investment officer said on CNBC’s “Fast Money” that investors should resist putting their money to work in stocks despite the […]
Read More
[Fortune] Last week, Florida Gov. Ron DeSantis announced that low-income families in the state will receive checks worth $450 per child, in an effort to ease the toll decades-high inflation is taking on household bottom lines. Florida joins more than a dozen other states that have implemented some type of relief […]
Read More
[CNN, Lucapa Diamond Company] At 170 carats, this may be the largest pink diamond found in 300 years A170-carat pink diamond discovered in Angola may be the largest such gemstone found in 300 years, according to Australian miner Lucapa Diamond Company. Named the “Lulo Rose,” the diamond was found at […]
Read More
[CNN] Ex-treasury secretary, Larry Summers, says “It’s a great likelihood that we will have a recession.” Is the United States heading for a recession? Or is the economy already in one? It — almost — doesn’t matter. For many Americans, it already feels like a recession. Soaring prices for, well, just about everything, make it tougher […]
Read More
[MarketWatch] Ongoing dispute over whether certain digital assets are actually securities The Securities and Exchange Commission is reportedly investigating Coinbase Global Inc. over whether it has allowed the trading of unregistered securities. Bloomberg News reported late Monday that regulatory scrutiny has increased since Coinbase expanded the number of digital tokens it […]
Read More
[Insider Business] James Howells’ life changed when he threw out a hard drive about the size of an iPhone 6. Howells, from the city of Newport in southern Wales, had two identical laptop hard drives squirreled away in a drawer in 2013. One was blank; he says the other contained […]
Read More
[MoneyWise] It’s been a tough year for Bitcoin. After hitting an all-time high of $68,789 in November 2021, it’s down to about one-third of that value. Some analysts say it’s just a correction for this speculative and volatile asset, while others are much more damning, likening it to a house […]
Read More
[CNN] The job market in America is still healthy. The unemployment rate is just 3.6% and many employers are continuing to hire workers at a steady clip. But some major companies appear to be getting a little nervous. Apple (AAPL) is said to be slowing its pace of new job additions. Microsoft (MSFT), Facebook parent Meta and Google owner Alphabet (GOOGL) are reportedly […]
Read More