Veteran commodities trader Peter Brandt, who has been in the industry since the 1970s, recently shared a pessimistic view on the current state of Bitcoin. In response to the digital currency’s near 6% decline in the last 24 hours, Brandt pointed out that Bitcoin had dropped from $56,500 to $53,200, reaching a low not seen
In the midst of the recent downtrend in the price of Bitcoin, Michael Saylor, the co-founder and chairman of MicroStrategy, has made a bold statement that has caught the attention of the crypto community. He took to Twitter to assert, “You do not sell your Bitcoin.” This message comes at a critical moment when some
The popularity of pickleball has skyrocketed in recent years, with more and more people getting involved in this fast-paced sport. Life Time Group Holdings, an upscale fitness and lifestyle company, has emerged as a major beneficiary of this trend. According to Bank of America analyst Alexander Perry, Life Time is poised to capitalize on the
The automotive industry is making a comeback in advertising during the National Football League (NFL) season after a period of decline. Automakers such as Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are seizing the opportunity to leverage the NFL and its games as primary advertising platforms. Toyota, in particular, is making waves
In the beginning of September, chip stocks faced a significant downturn, marking their worst stretch in over four years. This decline was largely driven by the loss of momentum in artificial intelligence frontrunner Nvidia and growing concerns over U.S. economic growth. The VanEck Semiconductor ETF (SMH) plummeted by 11.7% in a Labor Day-shortened, four-day trading
Boeing’s Starliner spacecraft finally undocked from the International Space Station after being delayed for months, missing its original departure schedule. Despite delivering two astronauts to orbit in early June, NASA test pilots Butch Wilmore and Suni Williams remained on the ISS, extending their stay until February. The undocking process of Starliner worked differently than it
During a speech to the Economic Club of New York, former President Donald Trump suggested the establishment of a U.S. sovereign wealth fund to finance infrastructure projects. Trump emphasized the need for the fund to invest in national endeavors for the benefit of all Americans. He questioned why the U.S. did not already have such
When it comes to investing, there are various options available in the market. One such often overlooked option is municipal bonds. These bonds are debt securities issued by state and local governments to finance public projects. Despite typically offering lower nominal yields compared to corporate bonds, municipal bonds can be tax-exempt for certain investors, making
The real estate market has seen a significant increase in the supply of homes for sale, with active listings growing by 36% nationwide compared to last year. This marks the 10th consecutive month of annual growth in inventory levels. However, despite this rise, the supply of homes is still 26% lower than pre-pandemic levels in
Bybit’s latest Block Scholes Crypto Derivatives Analytics Report sheds light on the decreasing open interest in perpetual contracts, indicating a declining confidence in the market. This trend is concerning, as it suggests that traders are becoming more cautious due to the persistent volatility in the market. The fact that trading volumes have also decreased further