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El Salvador Proved ‘Bitcoin Is Not Destined To Be Money,’ Analyst Says
El Salvador’s attempt to embrace Bitcoin (CRYPTO: BTC) as legal tender has conclusively proven that the cryptocurrency is not viable as a widespread payment system, accord read more
Asia Ex-India And Europe Markets Advance, Gold Retreats From All Time High – Global Markets Today While US Slept
US markets closed mixed, with gains in Coca-Cola and Apple offsetting Tesla’s decline. Fed Chair Powell not in rush for rate cuts. Volatility likely. read more
Lyft CEO Sees Autonomous Vehicles Including Alphabet’s Waymo As Game-Changer For Ride-Hailing, Not A Threat: ‘The More AVs… The Better Lyft Does’
Autonomous vehicles will be a transformational addition to the ride-hailing marketplace, according to Lyft CEO David Risher. read more
US Stocks Set For A Cautious Start Ahead Of Inflation Data: Expert Says ‘Strong Bull Markets Tend To Roar Back To Life After Corrections’
U.S. stock futures fell on Wednesday after a mixed close on Tuesday as Federal Reserve Chairman Jerome Powell Congress testimony. read more
‘Racism Has No Place in Missouri’: State Attorney General Sues Starbucks Over Hiring Policies
Missouri Attorney General Andrew Bailey has filed a lawsuit against Starbucks for violating anti-discrimination laws. Bailey claims the company enforces race and gender-based hiring quotas, leading to higher costs and longer service delays for consumers. read more
Geopolitics And Resource Nationalism Are Choking The Commodity Supply
Building a mine is a difficult, multi-decade process with high costs and risks. Shutting down productive mines for legal disputes leads to supply shortage and higher prices, affecting the industry and economy. read more
‘Investors Seem To Remain Poised For A Good Year In The Markets’ Even As Valuation Remains Elevated, Says Fidelity’s Macro Chief
Jurrien Timmer, Director of Global Macro at Fidelity Investments, expressed concerns about the strength of the S&P 500’s recovery. His insights come amidst a backdrop of soaring valuations and robust corporate earnings. read more
SMCI Stock Jumps Nearly 7% In Wednesday Pre-Market After Company Says It Will Meet SEC Filing Deadline
Super Micro Computer Inc (SMCI) is trading 5.6% higher in pre-market on Wednesday as it announced yesterday that it would meet the SEC filing deadline to avoid delisting. read more