George Soros Trims Rivian Stake & Exits Tesla Amid Slump in EV Stocks

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Once a hot investment theme, EV (electric vehicle) stocks have fallen out of favor with investors and several fund managers have shunned the sector. Recent 13F filings show that billionaire investor George Soros… Continue reading George Soros Trims Rivian Stake & Exits Tesla Amid Slump in EV Stocks

Federal Reserve Announces Integration of FedNow With Metal Blockchain for Instant Payment

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The Federal Reserve’s upcoming instant payment system, FedNow, is set to be integrated with the Metal Blockchain Network. The new service, which is supposed to launch in July, has also attracted criticism from… Continue reading Federal Reserve Announces Integration of FedNow With Metal Blockchain for Instant Payment

Goldman Sachs Survey Reveals Waning Crypto Enthusiasm Among Ultra-Wealthy

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Majority of family offices, 62%, have shown disinterest in cryptocurrency investments, as per a recent Goldman Sachs survey. However, the study also revealed that 26% of family offices now hold cryptocurrency investments, an… Continue reading Goldman Sachs Survey Reveals Waning Crypto Enthusiasm Among Ultra-Wealthy

SEC Chair Gary Gensler Raises Concerns Over Potential US Debt Default

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. SEC Chair Gary Gensler has expressed concerns regarding the possibility of a U.S. debt default. In a recent speech, Gensler highlighted the significant and lasting impact such a default would have on investors,… Continue reading SEC Chair Gary Gensler Raises Concerns Over Potential US Debt Default

Disney Stock Falls as Streaming Subscribers Fall for Second Consecutive Quarter

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Disney (NYSE: DIS) stock is trading lower in US pre-market price action today despite posting better-than-expected revenues. Its streaming subscriber count however fell for the second straight quarter and missed analysts’ estimates. Disney… Continue reading Disney Stock Falls as Streaming Subscribers Fall for Second Consecutive Quarter

Biden Accuses Republicans of Protecting Rich Crypto Investors

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. President of the United States, Joe Biden, has called for the closure of “tax loopholes” that allegedly benefit wealthy cryptocurrency investors. He suggested that Republican lawmakers were defending affluent cryptocurrency investors by emphasizing… Continue reading Biden Accuses Republicans of Protecting Rich Crypto Investors

Russia Poised to Capture 18% of Bitcoin Hashrate Amid Major Crypto Miners’ Migration, Experts Predict

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Russian analysts predict that the cryptocurrency mining industry could experience a second major migration due to the increasing regulatory pressures, taxation, and energy costs in countries such as the United States and Kazakhstan.… Continue reading Russia Poised to Capture 18% of Bitcoin Hashrate Amid Major Crypto Miners’ Migration, Experts Predict