Breaking news from around the globe: U

Breaking news from around the globe: U
  • Who Is Smarter Than the Market?

    The past few weeks have made me reflect on conditions that felt somewhat similar to 1998. We have all watched in amazement at how a large group of young investors threw a massive curveball at the hedge fund community by squeezing the shorts on names like GameStop and Nokia….

  • Silver Soared in February

    Silver soared to over $30 an ounce on February 1, 2021 – the highest level in eight years – early Monday on a “Reddit Rally” as investors surged into the market.Since the previous Thursday, when Reddit and Twitter posts began urging small investors to buy silver mining…

  • SPAC Listing Boom Drives Record $63 Billion January for IPOs

    A record month for SPAC listings is helping power the busiest-ever start to a year for initial public offerings, in another sign of the investor frenzy that’s led to overheated markets around the globe.Special purpose acquisition companies completed nearly $26 billion of…

  • 10 Reasons Why the Dow Will Go to 40,000 in the Next 18 Months

    The Dow is composed of more value stocks than growth. Value stocks are positioned for continued growth. Also, 40% of the S&P Company income comes from offshore business activity.There are 7 billion people on earth and 3.5 billion are under 30 and who must buy the products…

  • Debt Deals Loom With $430B in Real Estate Loans Due

    Private credit funds, sitting on $196 billion for U.S. commercial real estate deals, are poised to pounce as struggling property owners seek loans to ride out the pandemic.

  • Cryptocurrency XRP Tumbles After SEC Charges Ripple

    Cryptocurrency XRP tumbled 24% on Wednesday after the U.S. Securities and Exchange Commission (SEC) charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering.

  • Brexit Trade Talks Difficult as EU and UK Still Split on Key Issues

    Britain and the European Union remained divided over competition and fishing on Wednesday as they tried to clinch a Brexit trade deal in time to avoid a turbulent split at the end of the year.

  • Italians Flock to ‘Cashback’ Card Payment Scheme Despite Objections

    More than 5.3 million Italians have signed up for a government scheme offering a 10% refund for card payments in stores in just two weeks, an attempt by Rome to curb tax evasion and help retailers hit by coronavirus restrictions.

  • Ripple Labs, Executives Sued by SEC for Failing to Register XRP

    Ripple, the blockchain payments company associated with the cryptocurrency XRP, said on Tuesday it would oppose a lawsuit against it by the U.S. Securities and Exchange Commission.

  • Oxford Researchers Convert Carbon Dioxide Into Jet Fuel

    Researchers at Oxford University converted carbon dioxide into jet fuel in their lab using a new iron-based catalyst, a method they hope can eventually be used to reduce the carbon footprint of air travel. Oxford chemist Tiancun Xiao and colleagues published their study in…

  • Shale Oil’s Worst Year Could Bleed Into 2021

    U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good.

  • Investors Pump $5B Into Crypto, Up 600% From 2019

    Total investor inflows into cryptocurrency funds and products hit $5.6 billion so far this year, up more than 600% from 2019, according to the latest data from asset manager CoinShares.

  • Aramco to Bring Google Cloud Services to Saudi Arabia

    Saudi Aramco Development Co, a subsidiary of Aramco, has teamed up with Google Cloud to offer cloud services to customers in Saudi Arabia, Aramco said on Monday.

  • Bitcoin Drops 6% as New COVID Strain Jolts Markets

    Bitcoin dropped as much as 6% on Monday, with fears over a fast-spreading new coronavirus strain in Britain hitting assets across wider markets.

  • Trump Cuts Size of Arctic Land Offered for Oil Auction

    In a last-minute change, the Trump administration cut about 30 percent of the Arctic National Wildlife Refuge territory that it plans to auction off for oil exploration. The decision was announced late Friday by the Bureau of Land Management (BLM), the agency managing the…

  • Treasury Seeks Crackdown on Virtual-Currency Transfers

    The U.S. Treasury Department said it is proposing new requirements involving convertible virtual currencies that would require banks and other intermediaries to maintain records and submit reports to verify customer identities for certain transactions.

  • Inflation Fears Push Investors Back to Commodities

    For the best part of a decade, commodities have been deeply out of fashion.

  • Iraq Devalues Its Currency as Economy Unravels

    Iraq devalued its currency by about 20% against the dollar as the cash-strapped government faces an economic crisis brought about by low oil prices and crude-production cuts.

  • 3 Bitcoin Trends You Can Expect in 2021

    BTC is moving out of the early adopter phase, with big players choosing it as a hedge against traditional markets, and consumers beginning to use it for everyday life transactions.

  • Regulators Want Banks to Flag Computer Breaches in 36 Hours

    U.S. banks would have no longer than 36 hours after finding a cybersecurity breach to flag the issue to their regulators, under a new rule proposed Friday.

  • Copper Tops $8,000 as Goldman Points to Commodities Super-Cycle

    Copper topped $8,000 a ton for the first time in more than seven years, with Goldman Sachs Group Inc. and BlackRock Inc. pointing to the start of a new long-term bull market as supply lags an expected demand boom.

  • Goldman Sachs: Bitcoin Surge Won’t Harm Gold

    Gold and Bitcoin can coexist, according to Goldman Sachs Group Inc., which said, while the largest digital currency may be pinching some demand from the oldest of havens, the precious metal’s standing will endure.

  • Gold Bulls Heartened by Fed’s Resolve as Dollar Buckles

    Gold advanced after the Federal Reserve strengthened its commitment to supporting the recovery in the world’s largest economy, and U.S. lawmakers made progress in getting a fiscal stimulus deal over the line.

  • Surging Investor Interest Sends Bitcoin to Peak Past $23K

    Bitcoin rose to a record high on Thursday, just a day after passing the $20,000 milestone for the first time, amid surging interest from larger investors

  • Guggenheim’s Minerd: Bitcoin Should Be Worth $400,000

    As Bitcoin surges to record highs, Scott Minerd of Guggenheim Investments believes the world’s largest cryptocurrency’s fair value still has a ways to go.

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