GM Shares Tank 8%, Head Toward Worst Trading Day Since Covid, After Earnings Miss
Update 8/4/2021 1133 EST: Shares of GM are heading for their worst day since the beginning of the pandemic in March 2020 and the company is pennies away from hitting a 5 month low. $GM is pennies away from a five-month low. https://t.co/77hRYq45Zk — Carl Quintanilla (@carlquintanilla) August 4, 2021 *** Shares of General Motors […]
Business Wants Congress To Pass The Bipartisan Infrastructure Package: Here Is 5 Ways It Will Help Your Business
The U.S. Senate is currently considering the Bipartisan Infrastructure Deal (BID). There has been a great deal of negotiation to get to this point and we now have a bill that invests $550 billion directly in new spending on the country’s future and supports and empowers entrepreneurship. In a recent conversation with small business owners, […]
A Tense Dinner Leads to a Surprising Insight
Rabo: What The CDC Did Is Blatantly Unconstitutional
By Michael Every of Rabobank I See No Ships US equity markets are at fresh all-time highs; and US 10-year yields are plumbing 1.14% and trending lower. It doesn’t get any more plain-sailing than that – but it is also a harbinger of a storm on the horizon. If markets are saying we are heading […]
Pantera, Coinbase Ventures and Sony back NFT-focused MakersPlace in $30M Series A
MakersPlace, a nonfungible token (NFT) market dedicated to digital art, has secured $30 million in Series A financing, highlighting once again that venture funds are keen to back promising NFT plays. The funding round will be used by MakersPlace to scale business operations and acquire additional talent as it continues to attract new users and […]
I Suspect a Team Member Has a Substance Abuse Issue
Fed Official Says Interest Rate Increases Could Be Warranted in 2023
Richard H. Clarida, the Federal Reserve’s vice chair, said in speech on Wednesday that if the economy meets his expectations, he thinks it will be healed enough by the end of next year for the Fed to start raising rates in 2023 — a meaningful statement coming from one of the highest-ranking members of the […]
Meet Youssof Altoukhi: 16-Year-Old Entrepreneur Aiming To Increase Equality In Decision Making Among Cryptocurrency Projects
Over the last 12 months, we have seen a significant increase in the number of people interested in cryptocurrencies. Many people have gone from novices to learning about the industry very quickly. Historically many of the most innovative industries that bear some level of risk attract a younger demographic. This industry is no different and […]
Gold IRA Investment: What it is & Should You Do It?
If you have already started exploring the topic of retirement and saving for a financially secure future, then you must have heard about some of the new trends that have become quite popular over the years. To be more precise, you have probably heard of gold IRA investments and now you are trying to figure […]
Texas Judge Blocks Governor's Order Halting Transport Of Covid-Positive Illegals
In a short-term victory for the Biden administration, a federal judge in Texas blocked an executive order which restricts the transport of infected illegal immigrants on Tuesday, suggesting that the order itself would have the effect of “exacerbating the spread of COVID-19.” U.S. District Judge Kathleen Cardone of El Paso agreed with the Justice Department, […]
Are there risks to using the same private key for both ECDSA and Schnorr signatures?
Does Liquid block explorer omits range proofs?
AXS price gains over 16% as Axie Infinity closes in on 1M daily active users
The price of Axie Infinity’s native token AXS surged on Wednesday despite a lackluster upward momentum elsewhere in the cryptocurrency market. The AXS/USD pair rose to as much as $44.96 following a 16.44% intraday jump. Nonetheless, the strong upside move came as a part of a sideways trend that saw AXS fluctuating inside the $36.48-$56.57 […]
AMC Foolishness Comes At A Dear Cost
Authored by Michael Lebowitz via RealInvestmentAdvice.com, “For one thing, in a world of free money, there’s almost no penalty for being a numbskull. And no reward for prudence. You run your business at a loss? No problem. Just borrow whatever you need.” – Bill Bonner In Undermining Capitalism with Unreal Values and Crass Distortion we discuss how […]
WTI Extends Losses Below $70 After Unexpected Crude Inventory Build
Oil prices are down again this morning as demand anxiety grew amid ‘Delta’-variant outbreaks in key consumer China, which countered improved sentiment in other risk assets. Additionally, for the second week in a row, the recovery in global air traffic has taken a step back, somewhat confirming the anxiety. After API reported a smaller than […]
Personal finance links: part of the equation
Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why retirement savings is so complicated for Americans. Quote of the Day “And yet, nobody wants money. Nobody. We all want what money will provide later. So when you say that an investment is […]
Nursing Homes Confront New Covid Outbreaks Amid Calls for Staff Vaccination Mandates
With the vaccinated elderly susceptible to breakthrough infections, inoculation of workers is becoming more urgent. In late spring, the 142 nursing homes operated by the Good Samaritan Society hit a milestone that was unthinkable just four months earlier: Zero cases of Covid-19 across the whole company, from 900 at the peak of the pandemic. The […]
The Post-Pandemic Job Interview: How Employers Must Step Up
Dwayne J. Clark is the Founder, CEO and Chairman of Aegis Living, a best-selling author and longevity expert. With employee shortages plaguing many industries, I believe the U.S. workforce is in crisis. Four million employees quit their jobs in April 2021 alone, the highest quit level in two decades. A survey conducted by Morning Consult on […]
Bonds Hammered As Unexpectedly Hawkish Clarida Sends Yields Surging
Update: with the 10Y now at 1.21%, we are entering VaR shock territory: * * * It has been a rollercoaster day for bond traders this morning: after yields slid all morning on the continued short squeeze before tumbling to session lows after today’s dismal ADP jobs report and even the Treasury’s benign refunding statement […]
US Services Surveys Signal Stagflation As Prices Soar
After a mixed bag on the Manufacturing side, (ISM at 2021 lows; PMI at record high), the Services sector did the same… but mirrored. Markit’s Services sector survey slipped to its weakest since February (down from 64.6 to 59.9 in the final July print) ISM’s Services sector roared back from weakness in June to a […]
ISM® Services Index Increased to 64.1% in July
by Calculated Risk on 8/04/2021 10:04:00 AM (Posted with permission). The July ISM® Services index was at 64.1%, up from 60.1% last month. The employment index increased to 53.8%, from 49.3%. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: July 2021 Services ISM® Report On Business® Economic activity in the […]
Updating The Spock Market
Stock Market’s Wild Mood Swings Can Be Explained by Mr. SpockThink of the “Star Trek” character and the calm punctuated by fits of euphoria and bouts of despair will be easier to understand. Bloomberg, June 22, 2020 The Spock Market Clients, colleagues, even family members keep asking the same question: “Why have stocks decoupled from […]
A Guide To Selecting SASE Security Vendors
Robert Sturt is Managing Director of Netify, an SD-WAN & SASE security marketplace where you can compare and shortlist vendors. In recent months, our IT conversations have changed from primarily discussing SD-WAN (software-defined networking in a wide area network) to more of a focus on SASE (Secure Access Service Edge) security. While the SASE framework was designed […]
If the Food Supply Chain Collapses Will the Public Finally See Through Brexit?
Yves here. I have to confess to not paying much attention to Brexit. That’s mainly because Covid, but also because Brexit has moved into a death of a thousand unkind cuts terrain, except for the wrangling over the commitments made regarding the Good Friday Agreement. Lots of small businesses have suffered. Some have perished. A […]
In crypto, no one cares who you are: Here’s why that’s a good thing
Blockchains provide a trust-free anonymous intermediary for objective transactional actions, putting wealth transfer back in the hands of the individual and out of the hands of centralized control. This, unsurprisingly, has stepped on the toes of a number of governments. To make matters worse, supporting this technology can be misconstrued as taking a stance against […]
Gold & Crypto Spike As Dollar Dumps To 6-Week Lows
The dollar is extending losses that started with last week’s FOMC statement, as this morning’s ADP miss sparked selling (perhaps on the assumption that no taper is coming and more stimmies are all but guaranteed)… On the back of the dollar weakness, gold is spiking, back above $1835… Cryptos are also bid, helped by the […]
How Advances In Technology And Science Could Impact The Dating And Matchmaking Industry
Co-Founder at Ambiance Matchmaking, an exclusive matchmaking service for conscious leaders, creatives, and entrepreneurs. The art and science of matchmaking is a billion-dollar industry. Yet, many pitfalls exist within the current online dating domain such as safety, security and ineffective matching methods. These issues aren’t as prevalent with professional matchmakers, as many conduct in-depth screening, background […]
Bouncing Back
For the last few months, many in the crypto market have wondered if we were entering a bear market. A price surge in late July now has people asking, is the bull market back? In our July monthly report, “Bouncing Back,” Kraken Intelligence examines BTC’s price swing from just below $30k to $42k to see […]
“Activist Athlete” Gwen Berry, Who Turned Her Back To US Anthem, Finishes 11th Of 12 In Olympic Hammer Throw
Gwen Berry, most recently known as a self-proclaimed “activist athlete” because she turned her back to the national anthem and U.S. flag at U.S. Olympic Team trials for the hammer throw looks as though she may have been better served working on her craft than making political statements during her lead up to the Olympics. That’s because Berry […]
Bitcoin hits $39K highs as SEC Chair comments give BTC price 2% boost
Bitcoin (BTC) hit 24-hour highs later on Wednesday as fresh comments from the United States regulatory sphere boosted flagging price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGensler bullish on Bitcoin’s “potential” Data from Cointelegraph Markets Pro and TradingView confirmed local highs above $39,000 on Bitstamp, with BTC/USD jumping more than 2% in an hour. The […]
Wall Street Is Underestimating the Economic Recovery: Conor Sen
The Big Question: Can Data Make You a Better Parent?: Sarah Green Carmichael
Elite Colleges Offer Students Cash, Ski Passes to Ease Campus Housing Crunch
From UK to Asia, coal plant closure plans advance
This week has seen a further blow to the global coal market in both industrialised and emerging economies, as the UK’s coal power phase out entered its end game and some of the world’s top banks revealed plans to accelerate the closure of coal power plants in Asia. Energy giant Uniper today confirmed it is […]
Why You Should HODL Bitcoin For At Least 270 Days
Making Money Using the Crypto Fear & Greed IndexSense and CentsAug 4 · 7 min readPhoto by Andy Beales on Unsplash Bitcoin and the crypto market have made some strong moves recently as Bitcoin went 10 straight green days from July 21st to July 30th, 2021 going from $29,500 to $42,315 for a whopping 43.4% […]
Human Interest Raises $200 Million On Its Path To IPO In 2023
Jeff Schneble knows that most people don’t hear the term 401(k) and get excited — but he does. For the CEO of Human Interest, it’s about the opportunity to give more people access to a retirement savings and investing plan. His startup builds retirement plans catered to small and medium-sized businesses left behind by outsized […]
Bitcoin vs. Bitcoin Cash: What Should You Buy?
Maximilian PerkmannAug 4 · 7 min read Crypto enthusiasts are discussing whether Bitcoin or Bitcoin Cash is the real deal. Some even think it is the same. In the following, the article will explain the differences and advantages of both coins. Twins! — Photo by Nathaniel Kohfield on Unsplash, edited by the authorBitcoin Bitcoin is […]
Top 5 Coins That Could Change Your Life By 2025
The Crypto market is hotting up once again. Bitcoin prices are being bid up, which means the entire space benefits, what’s happening concerning the top cryptos in august. Here’s a look at the big moves in five top coins.Frederick IrwinAug 4 · 11 min read
Circle and Unstoppable Domains to introduce username-based USDC payments
The bid to introduce human-readable addresses as an alternative to the usual lengthy alphanumeric crypto wallet address system is set to achieve another milestone following the recent partnership between Circle and Unstoppable Domains. According to an announcement issued on Wednesday, Unstoppable Domains, a blockchain domain name provider, and USD Coin (USDC) stablecoin issuer Circle are […]
How QR Codes Can Be The Perfect Match For Small Businesses
Jay Bean, CEO of FreshLime, is a tech entrepreneur with over 20 years of experience empowering SMBs to grow through emerging technologies. A quick response (QR) code is a type of barcode that any smartphone user can easily scan, using their camera, to be directed to a website, article or anywhere else the QR code creator […]
How Much I Should Invest To Earn 1000 USD Per Month
In this article, I’ll show you exactly how I make a couple of hundred dollars per week completely passively and that just by staking a stablecoin.Lukas MooreAug 4 · 9 min read Now, this isn’t my only source of passive income, but I like this particularly well because you need a lot less capital than […]
Tesla Stock Prediction & Analysis
CRYPTOCURRENCYIn this article, we’re going to discuss exactly what we can expect from Tesla stock during earnings. If we should buy now or wait till after.Tom HollandAug 4 · 10 min read We’re also going to discuss multiple catalysts for Tesla that not many people realize or talk about that you’re not going…
July Vehicles Sales Decreased to 14.75 Million SAAR
by Calculated Risk on 8/04/2021 08:40:00 AM The BEA released their estimate of light vehicle sales for July this morning. The BEA estimates sales of 14.75 million SAAR in July 2021 (Seasonally Adjusted Annual Rate), down 4.1% from the June sales rate, and up 0.3% from July 2020. This was well below the consensus estimate […]
One Rule To Rule Them All: A Straightforward Take On How To Lead
Practicalspeak CEO/Founder, Pankaj Srivastava helps organizations punch through the status quo, unlock growth and create lasting advantage. Leading is hard. Why make it more complicated? An overwhelming amount of material has been produced that aims to decipher good leadership: books, manuals, online courses, TED Talks and even graduate programs on leadership. If you look closely you’ll find that […]
Amazon bolsters second-hand product offering with fresh reseller initiatives
Amazon has opened the door to more second-hand products being offered by sellers on its site, yesterday announcing two initiatives which it said would make it easier for businesses to resell customer-returned items or overstock inventory. The two new Fulfillment by Amazon (FBA) programmes aim to provide small businesses with another way to profit from […]
Buying 1000 Cardano Here. So How Much You Should?
Lukas MooreAug 4 · 12 min read Owning a thousand Cardano tokens could be your ticket to a wealthy future and potentially early retirement. İn this article, I’ll discuss why I am buying at least a thousand Cardano tokens ada. First, i̇’ll talk a little about what Cardano is and what makes it so great, […]
Mike Novogratz blasts US officials for poor grasp of crypto industry
Amid the chorus of stringent crypto regulations among several United States leaders, proponents such as Galaxy Digital CEO Mike Novogratz look to counter anti-cryptocurrency sentiments circulating in Washington. Tweeting on Tuesday, Novogratz described crypto as the “future of our financial systems” while adding politicians and regulators ought to do their homework before devising policies to […]
Kirobo Launches a “P2P Swap Button” Smart Contract-Powered Tool
Kirobo–a blockchain technology company that aims to be the enabler of DeFi, granting people control over their cryptocurrencies–has launched a smart contracts-powered ‘P2P Swap Button’, per a press release on July 27. The P2P Swap Button The button allows for direct peer-to-peer swapping of tokens without the need for a middleman. Typically, the intermediary is […]
ADP: Private Employment increased 330,000 in July
by Calculated Risk on 8/04/2021 08:21:00 AM From ADP: Private sector employment increased by 330,000 jobs from June to July according to the July ADP® National Employment ReportTM. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. […]