Author: bitlyfool
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Bitcoin stands to gain from U.S. fiscal dominance, Trump victory: StanChart
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Da-kook/E+ via Getty Images There is a growing risk of financial dominance in the US, with rising debt and deficits likely to be on an unsustainable path, and that should be good news for Bitcoin (BTC-USD), according to Jeff Kendrick of Standard Chartered Bank. Donald Trump wins the presidential election…
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The godfather of quants dies: Jim Simons dead at 86
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Jim Simmons One of the greatest investors in history died today at the age of 86 His foundation. I was talking about Simmons earlier today in a webinar, so it’s a terrible coincidence that he died on the same day. Simons didn’t start investing until the second half of his…
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Argentina to Mine Bitcoin with Stranded Gas
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Argentina’s energy sector is increasingly turning to bitcoin, this time through a state-owned facility that uses natural gas extracted from oil fields that would otherwise go to waste. JUST IN: ?? Argentina’s state-owned subsidiary will do the mining $ Bitcoin With lingering gas: Forbes Eventually, every country will mine #Bitcoin…
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Trump is fighting an audit that could cost him over $100 million because he claimed 2 tax breaks for the same Chicago building
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A massive trove of tax information obtained by ProPublica, covering thousands of America’s wealthiest individuals, reveals what’s inside the billionaires’ bag of tricks for minimizing their personal tax bills — sometimes to nothing. Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled…
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Latham Group reports resilient Q1 despite soft market By Investing.com
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Latham Group, Inc. (SWIM) kicked off the first quarter of 2024 with results that surpassed their own forecasts, showcasing the company’s resilience in a challenging market for the pool industry. The company’s strategic cost reductions and efficiency improvements have led to a stronger margin profile, despite a decline in net…
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‘Jeo Boden’ Meme Coin Soars 25% After Trump Diss
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The memecoin “Jeo Boden” has taken the cryptocurrency world by storm, benefiting from a lukewarm comment from former US President Donald Trump. the strange cryptocurrency, Hilarious misspellings of President Joe Biden’s name have seen a spike after Trump mentioned it at an NFT event in Florida. What was once a…
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Motorcycles to cost more on 10 percent excise tax
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Imported motorcycles costing Sh130,000 and above are set to become more expensive after National Treasury proposed raising customs duties on a two-tier system characterized by the current flat rate of Sh12,952 or a new proposed rate of 10 percent of unit value, whichever is higher. The proposal to introduce the…
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TD Markets to Spotlight FMAS:24 This May
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The Finance Magnates Africa Summit (FMAS:24) attracts the finest brands and venues in the industry. This includes one of the most trusted brokers in Africa, TD Markets, whose mission is to provide transparent, secure and accessible financial solutions. Ahead of the event, Finance Magnates spoke with TD Markets CEO Amar…
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Are NFTs Dead? Whats Happening To Digital Art Tokens
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In the face of market volatility and uncertainty, one big question looms: Are NFTs dead? This article examines speculation to examine the current state and emerging trends within the NFT ecosystem, revealing a landscape where innovation continues amidst challenges. Main sockets The NFT market is facing decline and saturation, but…
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Bank of England expects inflation to fall faster than previously predicted
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The Bank of England now expects inflation to fall more quickly than previously expected, falling below the central bank’s 2 per cent target for an extended period. This forecast indicates the need for interest rates to fall faster than what financial markets are currently pricing in. According to the bank’s…
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Chicago Fed Pres. Goolsbee: Feds inflation target acts as an anchor on expectations
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President of the Federal Reserve Bank of Chicago. Goolsbee speaks ahead of his moderated discussion with CNBC Liesman. The Fed’s inflation target is 2% after that as it is based on expectations Short-term inflation expectations are not what matters Unsurprisingly, the one-year forecast was higher At the moment there is…
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Arbelos Markets, ZKM, Volta, Hemera score funds
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In a whirlwind of financing activities, several projects in the blockchain and cryptocurrency space have recently received venture capital backing to drive growth and development. Arbelos Markets received $28 million Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently… Believer Major financing of $28 million.…
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Arbelos Markets, ZKM, Volta, Hemera score funds
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In a whirlwind of financing activities, several projects in the blockchain and cryptocurrency space have recently received venture capital backing to drive growth and development. Arbelos Markets received $28 million Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently… Believer Major financing of $28 million.…
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A $600 Billion Wall of Debt Looms Over Market’s Riskiest Stocks
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Breadcrumb links BMN Business US small-cap stocks are as cheap as they have been in decades, but with a debt mountain of more than half a trillion dollars looming over the next five years, it will take a big risk-off signal from the Federal Reserve to attract investors. Article writer:…
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Credicorp reports strong Q1 with digital growth and stable ROE By Investing.com
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Credicorp Limited (NYSE: NYSE:), a leading financial services holding company in Peru, has reported robust first-quarter results for 2024, with CEO Gianfranco Ferrari (NYSE:) highlighting the company’s strong return on equity (ROE) and the positive economic outlook for Peru. Despite challenges such as a recent sovereign credit rating downgrade and…
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Mark Cuban Joins Calls Against Anti-Crypto Biden Administration, Slams the SEC
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On May 11, the American businessman and TV personality said that if Joe Biden loses the presidential election, “there’s a good chance you can thank Gary Gensler and the SEC.” “Cryptocurrencies are a mainstay for younger, independent voters,” he said, before adding that SEC Chairman Gensler “did not protect a…
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Mark Cuban Joins Calls Against Anti-Crypto Biden Administration, Slams the SEC
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On May 11, the American businessman and TV personality said that if Joe Biden loses the presidential election, “there’s a good chance you can thank Gary Gensler and the SEC.” “Cryptocurrencies are a mainstay for younger, independent voters,” he said, before adding that SEC Chairman Gensler “did not protect a…
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Fiscal deficit widens beyond government’s target
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Israel’s fiscal deficit continued to widen in April, reaching 7% of GDP over the past 12 months, or NIS 132.2 billion, according to Finance Ministry Accountant General Eli Rotenberg. Israel’s fiscal deficit continued to widen in April, reaching 7% of GDP over the past 12 months, or NIS 132.2 billion,…
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PEPE Coin Gains Momentum, Eyes Continued Growth
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Despite the current downturn in the cryptocurrency market, baby The coin has been one of the tokens that is still going strong as its price is still trading above the 100-day simple moving average (SMA) and trend line. The token with a total liquidity value of over $38 million and…
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Financiers fret over ‘leverage on leverage’ in private credit By Reuters
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Written by Paritosh Bansal (Reuters) – For some elite financiers gathered in Los Angeles for a Milken Institute conference, excessive debt in private markets reminds them of the risk-taking days before the 2008 financial crisis. In the halls of the Beverly Hilton Hotel and in meetings across the city last…