Monday, California borrowed money from the federal government to make payments on unemployment benefits, the 1st state to go ‘On the Dole’. Illinois and Connecticut may soon follow suit as both received approval for federal loans of up to $12.6-B and $1.1-B, respectively. California borrowed $348-B after receiving approval to draw up to $10-B until […]
The Chinese Communist regime is going to face “a day of reckoning” for the global coronavirus pandemic, not only killed Americans but damaging its economy. The Big Q that is being debated in Washington now about holding China financially responsible for America’s health crisis and corresponding economic impact. When we find evidence and we will find […]
Cash handouts to all American households is gaining support in Congress as the best way to shore up an economy brought to a near-standstill by the coronavirus. Senator Tom Cotton (R:AK) said he is working on legislation that would provide cash stipends to American households. Several House Democrats back sending $1,000.00 checks as the best […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500’s 8-Day Winning Streak Capped in a Fibo Retrace on Volume Tax time is here and the April 15 deadline for individual returns looms, as Americans are facing the full reality of President Trump’s new tax law. The law, better known as the Tax Cuts and Jobs Act, […]
Former Tesla (NASDAQ:TSLA) Employee Charged with Embezzling $9.3-M from the Company $TSLA, $VLKAY A former Tesla (NASDAQ:TSLA) employee was charged by a federal grand jury today of embezzling roughly $9.3-M from Elon Musk’s electric car company over the course of 2 years. The indictment comes as the result of an FBI inquiry. The employee Salil […]
Tesla’s (NASDAQ:TSLA) $1-B+ Debt Payments Loom, Wall Street Bankers Ready to Pounce $TSLA The fledgling niche EV maker has over $1-B in debt that will come due between November and March Bankers are coming to Tesla with financing ideas as debt payments loom, but Tesla officials have indicated that the automaker does not feel the pressure to […]
Tesla (NASDAQ:TSLA) Needs $1-B+ in Cash in the Next 6 Months $TSLA Wall Street is asking: “where it it going to come from?” By the end of Y 2018 Tesla needs to come up with about $1-B to give to creditors, it does not have it. So, forget the libel lawsuits and the Twitter wars, the […]
Crypto Bear Market Hammers Bitcoin Cash $BCHUSD This year’s Bear market in cryptocurrencies has really punished investors who bought Bitcoin (BTC) at the height of cryptomania last year. But, losses have been even more painful for those who invested in promising rival BCH. Bitcoin Cash (BCH), an offshoot of Bitcoin that launched on 1 August […]
On the Cusp of a Digital Payments Disruption $IBM, $PYPL, $S, $V, $BTC, $USD There is a huge, under-served world market for cryptocurrency, the World Bank (WB) statistics that indicate 2-B or more people worldwide are not banked, as well as by FDIC data that shows more than 23-M Americans are either unbanked or under-banked. […]
Bitcoin Tested Support to a 3 Wk Low and Bounced $BTCUSD,$ETHUSD, $CME Bitcoin tested and bounced Monday on the news that a Florida tax collector would accept the cryptocurrency for payments of several services. Currently, Bitcoin is trading at: 8,695.652344,+292.291016, or +3.478256%, as of 3:56a BST, the market is open. Joel Greenberg, tax collector for Seminole County […]
Bitcoin: The Why, The Why Nots! $BTCUSD, $CBOE, $CME Bitcoin has been in the news for the past year, and a clear understanding about how the cryptocurrency actually works and its volatility has kept many professional investors and traders from considering it worthy. There surely is plenty of money to be made, but investors must […]
Bitcoin, Using it as Money to Buy Stuff $BTCUSD, $SQ, $MSFT, $EXPE, $DISH, $ETSY Bitcoin is an investment asset, and it is also ‘Money’. And businesses that accepts Bitcoin payments are becoming closer to the mainstream you than you may think. Most people that I talk to look at cryptocurrencies an investment, a tradable asset, a […]
Blockchain Technology is Driving Innovation in Payments Industry $AXP, $MA, $V, $IBM, $MSFT Blockchain is the innovative technology that is changing payments industry. Industry leaders like American Express, Master Charge and Visa are setting up to use the blockchain technology given its obvious benefits with regard to speed, accuracy, cost effectiveness, security, and more. Companies like […]
Jack Dorsey, “Bitcoin Will Be the World’s Single Currency” $BTCUSD , $TWTR, $SQ Twitter (NYSE:TWTR) and Square (NYSE:SQ) CEO Jack Dorsey recently had very positive remarks about Bitcoin. He predicted the future of finance, suggesting that the “father of cryptocurrencies” is likely to become the world’s only currency within the next 10 years. Mr. Dorsey declared: […]
Bitcoin Exchange Ties-up with Barclay’s for UK Transactions $BTCUSD,$BCS Wednesday, 1 of the biggest Bitcoin exchanges has struck a deal which will allow it to open a bank account with Britain’s Barclays (NYSE:BCS), making it easier for UK customers of the exchange to buy and sell cryptocurrencies, the UK boss of the exchange said in […]
Bitcoin as Money, Is it or Is it Not? $BTCUSD A medium of exchange means people will give you things in exchange for it. And yes there are some places where people will give you real goods and services for Bitcoin, but not many. If Bitcoin is to compete with global currencies it needs a […]
The Big Q: What is a Bitcoin good for? $BTCUSD$V, $MA, $PYPL, $USD, $EUR, $JPY There are 2 answers to that Question: Bitcoin is money, or Bitcoin is a payment system. Then you ask, What is Money. Well, money is metaphysical mystery to be found in modern economics. The best way to think about it […]
Fed: Bitcoin Could Threaten Financial Stability $BTCUSD, $CME, $CBOE Currently Bitcoin is trading at 10,716.3203+1,175.87 (+12.33%) As of 9:06PM GMT. Market open. Cryptocurrencies could pose a threat to financial stability as they gain wider use, a chief Fed banking oversight official said. The remarks from newly-installed Fed Vice Chairman for Supervision Randal Quarles came as Bitcoin’s price […]
Buy Bitcoin on Your Phone, Square says, “Let’s Do It” $SQ, $CME, $CBOE, $BTCUSD Payments company Square Inc. (NYSE:SQ) said it has started allowing select customers to buy and sell Bitcoins on its Cash app, as it looks to tap into a craze that has sent the cryptocurrency up more than 600 % YTD. Bitcoin […]
Obama For America Linked to Fake Trump Dossier US President Donald Trump slammed former President Barack Hussein Obama’s campaign, citing a report that it paid nearly $1-M to a law firm linked to the company behind the controversial and unverified dossier alleging connections between Donald Trump and Moscow. His comments came in a Tweet Monday […]
e-Commerce Boosts China-ASEAN Trade One of the Key solutions is to expanding business in China is online. e-Commerce can add billions of RMB Yuan companies sales every month. An increasing number of companies in ASEAN are seeing e-Commerce as a new growth engine for China-ASEAN trade. e-Commerce giants are also trying to tap into a […]
US Student Loan Debt, the Price to Parents According to US student loan debt statistics, Americans owe a staggering $1.3-T in student-loan debt, and the average Y 2016 graduate owes $37,172. It goes without saying that the burden of debt can be stressful and worrisome. Unfortunately, the headache of paying back a student loan can […]
The Key Reasons Banks Turn Down Small Business Loans Over the last several years, large banks have been reducing the amount of loans that they issue to small businesses. The WS-J reports that it may be because of, “Weak demand, tighter lending standards and high costs have put a lid on small business borrowing” following […]
Obama ‘Airlifted’ $400-M to Iran to Release Americans The Obama White House airlifted $400-M worth of foreign cash to Iran just as Iran released four Americans it had been holding in prison, the WS-J reports Tuesday. The cash was flown in secretly on wooden pallets in an unmarked cargo plane, but none of the cash […]
Does Your Brain Get in the Way of Savvy Money Decisions? When it comes to money, many people make bad decisions. That is not because contributing to a 401(k) requires a PhD economy, it is often because the human brain is hard-wired to prioritize short-term money gains Vs long-term benefits. “Traditional economic theory suggests that […]
Effects of US Embargo Continue To Stress Cuban Economy Cuban President Raul Castro Friday said a “reduction in Oil imports”, falling prices of traditional exports, along with other financial restrictions caused a “tense and stressful” economic situation that will bring limitations in 2-H of Y 2016. Speaking to the lawmakers of Cuba’s parliament, Castro said […]
Iran Files Complaint with ICJ to Recover $2-B Frozen in US $C The assets held in New York are part of the Iranian bank’s foreign currency reserves Iran has filed a formal complaint with the International Court of Justice to recover nearly $2-B in assets frozen in the United States, Iranian President Hassan Rouhani said […]