VanEck CEO Jan van Eck has made waves with a bold forecast: Bitcoin could skyrocket to $300,000 within five to 10 years. This optimistic projection rests on Bitcoin's ability to capture a substantial share of the gold market – a market long valued as a hedge against inflation. Don't Miss: Over the last five years, the price of gold has increased by approximately 83% – Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their saving
Disney Price Levels to Watch as Stock Extends Post-Earnings Surge
Disney shares were rising early Friday, adding to the big gains recorded yesterday after the entertainment giant topped Wall Street’s quarterly estimates and provided an upbeat long-term outlook. Monitor these key chart levels.
Leftist Petro’s Budget Antics Rattle Colombia Bond Markets
(Bloomberg) -- Colombian President Gustavo Petro’s budget antics are again putting global investors on edge, stoking fears over long-term fiscal health and sparking a bond selloff.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsPetro, who has had an uneasy relationship w
From Real Estate and Stocks: Former Premier League Player's New-Found Love of Bitcoin
Soccer player George Boyd made over 100 Premier League appearances and has now joined crypto ETF issuer Jacobi Asset Management as an ambassador.
How To Earn $500 A Month From Apple Stock
Apple Inc. (NASDAQ:AAPL) shares closed higher on Thursday despite an overall decline in the stock market. Consumer group Which? has filed a £3 billion ($3.81 billion) legal claim against Apple, accusing the tech giant of breaching UK competition law through its iCloud service. Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) reduced stake in Apple from 400 million to 300 million shares. Thus, Berkshire has now cut its position in the Cupertino, California-based tech giant by over two-thirds s
‘Rates Will Be a Lot Lower’ in 12-18 Months, Fed’s Goolsbee Says
(Bloomberg) -- Federal Reserve Bank of Chicago Austan Goolsbee said as long as inflation continues down toward the central bank’s 2% goal, interest rates will be “a lot” lower over the next 12-18 months. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsBut Goolsbee agreed
Fed's Collins says tech changes can improve financial system
Federal Reserve Bank of Boston President Susan Collins said Friday the U.S. central bank needs to keep a close watch on technological developments in the financial system. “We must all be attuned to the very real risks and challenges” resulting from technical innovations, Collins said in the text of a speech for an event at her bank. “The optimist sees potential for a virtuous cycle, with the financial system benefiting from technological advances enabled by innovations, and adapting to changes in the economy – while a more efficient financial system, in turn, can boost economic growth,” she said.
General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the decisions early Friday. "This includes operating with efficiency, ensuring we have the right team structure and focusing on our top priorities."
Bitcoin rises above $90,000 on Trump euphoria
Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies. Smaller peer ether has also risen 37% since Election Day, while dogecoin, an alternative, volatile token promoted by billionaire Trump-ally Elon Musk was up more than 150%. "What you've seen since the election is the market hoping or realizing what that could mean for bitcoin in the medium to long term – a pro-bitcoin administration, Senate and potential legislation that not only gives U.S. citizens the right to self-custody bitcoin but potentially for bitcoin to be a strategic reserve asset for the U.S. Treasury," said Damon Polistina, head of research at Eaglebrook.