Bitcoin’s price rose above $54,000 on Tuesday, marking a day-by-day growth of more than eight percent, according to data tracked by Coinbase. Its market capitalization first topped the $1 trillion milestone on February 19, holding at that level for a few days before retreating. While still hovering below its all-time-high …
Read More »‘We turned essential services into a casino,’ energy market expert tells Max Keiser after Texas power-grid failure
The Texas energy market is largely not under federal oversight and relies entirely on market forces to have an impact on energy companies’ and power plants’ behavior, the analyst said, on the latest episode of RT’s Keiser Report. “This complete failure to have any sort of regulations or mandates tied …
Read More »Telegram deletes ‘Skin Market’: Popular & scandalous channel specializing in exposing & extorting Russian ‘escorts’ is taken down
In recent months, the Russia-made messaging app has grown as a source of alternative media. For those seeking to read personal blogs, looking to find like-minded people, or simply searching for news outside the mainstream, it has become one of the market leaders. In Russia itself, the application was banned …
Read More »Bitcoin’s HUGE daily drop sends cryptocurrency market crashing
Despite the nearly 16-percent drop, the cryptocurrency is still up around 500 percent in the past year. The decline triggered a major sell-off across cryptocurrency markets due to growing concerns over volatility, jeopardizing the jaw-dropping rally. The second-biggest cryptocurrency by market value, ether, also plunged by more than 20 percent …
Read More »Market fundamentalism should never apply to utilities, as Texans are learning the hard way
The United States is in the grips of a winter storm that has left millions without power along its Gulf Coast. In particular, the state of Texas, the so-called energy capital of the world, is being ravaged and many are wondering how and why such a thing is happening when …
Read More »‘I am become meme, destroyer of shorts’: Musk fires off market-wrecking omens & random thoughts, ending brief Twitter absence
The world’s richest man returned to his virtual soap box around 48 hours after he announced on Tuesday that he would be practicing Twitter abstinence. The social media relapse began innocently enough, with Musk retweeting a video of a SpaceX satellite launch – but he soon began flooding Twitter with …
Read More »Market makers didn’t force my hand to save their hides from Reddit investors, Robinhood CEO tells Elon Musk in interview
Robinhood’s Vladimir Tenev has become one of the most sought-after interviewees for outlets covering stock market news, due to the role he played in the stand-off between large short-selling hedge funds and a crowd of small-dollar investors from the Reddit community WallStreetBets. But Elon Musk is arguably the most unusual …
Read More »Is trust in the free market system shot after Robinhood cut off GameStop trading? RT’s Boom Bust digs into a Wall Street scandal
The restrictions came after the platform’s users reportedly coordinated on social media to inflate the value of GameStop and other companies’ stock and inflicted billions of dollars of losses on financial giants that had taken short positions against the struggling companies. The host of RT’s Boom Bust, Sara Montes de …
Read More »That AOC cares more about slamming Ted Cruz than Wall St trying to rig the market shows Democrats aren’t about the little guy
The decision by the brokerage Robinhood to block all purchases of GameStop stock by retail investors – but leave sales open and let hedge funds trade unhindered – temporarily united Ocasio-Cortez (D-New York) and Cruz (R-Texas) on Thursday. AOC had called Robinhood’s decision “unacceptable” and floated the idea of a House …
Read More »Stocks for me but not for thee: Redditors playing the stock market is problematic but, if a Democrat does it, no big deal
People have been bidding money in the stock market for over a hundred years. There have been many stories about people substantially increasing their wealth by doing so. Despite some people’s issues with Wall Street and the culture surrounding it, there’s nothing illegal about getting involved in stock trading. In …
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