The crypto market became the subject of intense scrutiny across the world after it grew into a huge industry, with entire regions being used for mining, crypto exchanges filing for IPOs, and big investors making a sudden U-turn towards crypto trading. However, while gaining legitimacy with consumers, the rise of …
Read More »Tesla’s $1 trillion market cap valuation is not just a bubble, it is a market mania of biblical proportions
Tesla is all about its CEO, Elon Musk. Musk is an epic showman and a slick salesman who can sell anything to anyone. Tesla, with its questionable profitability, still has a market capitalization that exceeds $1 trillion. In fact, Holon Global Investment’s Whitney Tilson predicts Tesla’s market capitalization is headed …
Read More »Brexit has been a ‘catastrophe’ for UK, says EC internal market commissioner amid fuel shortages and reports of empty shelves
Speaking to BFMTV on Tuesday, Thierry Breton, the French politician who is also the European Commission’s internal market commissioner, said Britain’s decision to leave the EU was regrettable, and its impact had been less than positive. “Look at what is happening on the supermarket shelves. Look at what is happening …
Read More »Tesla’s market value breaches $1 TRILLION for first time, after rental car giant Hertz orders 100,000 EVs
The shares rose by as much as 15%, changing hands at $1,045 in Nasdaq trading on Monday. The latest surge came on the first day of regular trading after Tesla’s stock closed above $900 for just the second time. With about 1.083 billion shares outstanding, the company’s market cap was …
Read More »Russia is NOT manipulating gas market to drive up costs, European Commission says in response to claims Moscow plotted price rise
Speaking to Bulgarian broadcaster bTV on Friday, Frans Timmermans, the Commission’s deputy head, said, “Russia is fulfilling its gas supply contracts.” He added that “we have no reason to believe it is putting pressure on the market or manipulating it.” However, Timmermans went on to say that “the demand for …
Read More »Bolivian police retreat after coca leaf farmers storm market in La Paz (VIDEOS)
Riot police fired volleys of tear gas, while protesters hurled stones and firecrackers, and used large garbage containers to set up makeshift barricades. Security forces were ultimately forced to retreat as farmers from a group called the Self-Defense Committee took over the market in the Villa Fatima neighborhood, where 90% …
Read More »Bitcoin leads cryptocurrency market meltdown amid concerns over global equity markets
The digital asset lost as much as 10% during the day’s trading, falling to $43,692.57, according to Coin Metrics. Other cryptocurrencies were also in the red, with ether losing 9% to $3,038.74 and XRP becoming the worst performer, down 14% on Monday. “This sell-off is the continuation of a well-established …
Read More »Early launch of Nord Stream 2 could ‘balance’ EU gas market & stop price surge – Kremlin
“Undoubtedly, the early commissioning of Nord Stream 2 will significantly balance the price parameters for natural gas in Europe, including on the physical market; this is obvious,” the official said, commenting on the unprecedented rise in European gas prices over the past 24 hours. He stressed that given the current …
Read More »How does the stock market work?
Let’s consider the trends of the modern stock market. If you have tuned into the financial media, you might have noticed that some experts point to the fact that the stock market is noticeably ahead of itself, when others notice that it is keeping pace with the economy. Who is …
Read More »Crypto market cap returns to $2-trillion level as bitcoin rallies to three-month high
The crypto market cap dropped to $1.19 trillion on July 20, according to CoinMarketCap, showing that the sector has nearly doubled in value in less than a month. The price of the world’s most popular digital asset, bitcoin, reached $48,126 early Monday, the highest level seen since May 17. It …
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