News

It is well over a year since the pandemic took hold. Although it has been a tough time, and it is not over yet, the economy in the United States is poised to recover. However, there are still roadblocks that make reaching this milestone difficult. CNN’s “Back-to-Normal Index” was developed in co-operation with Moody’s Analytics. […]

To say the least, Friday capped what was an up-again, down-gain week for crypto. After China took a second swipe at Bitcoin in less than three days, traders were aggressively selling. At the end of the day, Bitcoin fell by 12 percent, Ethereum by 20 percent, and Dogecoin by 18 percent. The drop in the […]

Wednesday saw the price of Bitcoin fall to near $30,000 at one point, although later in the day the crypto did recover somewhat to a little over $38,000. The drop in value appears to be due to China’s announcement that banks and payment firms in the country are to be banned from providing crypto-related services. […]

Stocks on Wall Street slipped earlier this week. There was a marked slide in oil and other energy companies, and the slide weighed on a market that has been drifting sideways since establishing a record earlier in the month. On Tuesday, the Dow lost 1.4 percent, slipping 474 points on the day. This drop is […]

For the fifth year running, the share of dollar-denominated assets in global foreign reserves sank to 59 percent. The last time the dollar sank to this level was a quarter-century ago. Amid concerns over prospects for the U.S. dollar, emerging economies, including Russia and China are diversifying holdings. Foreign governments have long seen U.S. Government […]

New York State Senators Kevin Parker and Rachel May have introduced a bill calling for a three-year moratorium on Bitcoin mining. The objective of the bill is to allow for an environmental assessment designed to determine greenhouse gas emissions, and the effect such emissions have on wildlife in the state. The bill is currently being […]

The last few weeks have seen the price of Bitcoin rise from just under $50,000 to just over $63,000. The crypto is currently priced at $57, 245 and seems to be moving upwards. The question begs, “What is driving the growth of Bitcoin?” Turns out there is more than one reason. Past Price Resistance Since […]

Tuesday (May 4) saw stocks move slightly lower. Tech stocks led the way down as investors considered recent comments from Treasury Secretary Yellen where she spoke of the possibility of higher interest rates. The S&P 500 dropped more than one percent, trading off the all-time high. By the close of the trading day, the DOW […]

The rapid rollout and wide acceptance of COVID-19 vaccines are starting to pay dividends. The number of people having to be hospitalized, and the number of deaths, are both falling quickly, especially among the older generation. This is good news. The burst of activity as a result of the vaccine program has put the economy […]