Cryptocurrency

Blockchain
Cryptocurrency

Mnuchin Is Investing in Blockchain — Not Crypto: Milken Update

(Bloomberg) — Former U.S. Treasury Secretary Steven Mnuchin said at the Milken Institute Global Conference that he’s investing in blockchain companies but not cryptocurrencies. Investors should know what their money is going toward when it comes to investing in stablecoins, he said Tuesday at the conference in Beverly Hills, California. Mnuchin touted cyber space as […]

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Bitcoin
Cryptocurrency

Why Do Bitcoins Have Value? Bitcoin Explained

Bitcoin (BTCUSD) is often referred to as digital currency and as an alternative to central bank-controlled fiat money. However, the latter is valuable because it is issued by a monetary authority and is widely used in an economy. Bitcoin’s network is decentralized, and the cryptocurrency is not used much in retail transactions. However, it can be […]

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Bitcoin
Cryptocurrency
Ethereum

Bitcoin vs. Ethereum: Which Is a Better Buy?

It’s no surprise that investors are interested in cryptocurrencies. They’re among the best performing asset classes this year. And the crypto community has rallied around the emerging asset class, stirring hype that cryptocurrencies are the next big thing in finance. Bitcoin was first traded in 2009. Back then, you could buy one of the new […]

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Amazon
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Bitcoin
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Globalstar Shares Surge On Report That Apple’s iPhone 13 Will Support Satellite Communications

Plus, Affirm is partnering with Amazon to offer its payment solution to Amazon shoppers spending over $50, Astra shares dropped after the company’s weekend launch attempt failed, and Reddit traders have a new meme stock in Support.com.

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Biopharmaceuticals
Bitcoin
Cryptocurrency
Daily Rundown
Freelance Gig Economy
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Pharmaceuticals
Stock Picks

FDA Grants Full Approval For Pfizer & BioNTech’s COVID-19 Vaccine

Plus, Lyft and Uber shares opened lower after a California court ruled that a ballot measure that exempted gig workers from state labor law was unconstitutional, PayPal said it is opening its crypto service to users in the U.K., and Sir Richard Branson’s Virgin Orbital is going public via a SPAC merger.

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Bitcoin
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Electric Vehicles
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Google
Retailers
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Tesla Shares Drop After U.S. Regulators Announce Formal Investigation Into Its Autopilot System

Plus, Bitcoin jumped above $48,000 over the weekend, Sonos shares are up after a U.S. judge ruled that Google infringed on five patents belonging to the company, and Oatly raised its guidance for full-year revenue.

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Airlines
Cryptocurrency
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Economy
Fintech
Manufacturing
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US Economy

Fintechs Coinbase & Upstart Report Massive Revenue Growth

Plus, Southwest lowered its revenue and profit forecast as the COVID-19 delta variant impacts bookings, Rocket Labs announced a deal to provide three of its photon spacecraft to Varda Space Industries, and the Labor Department reported July’s CPI came in at 5.4% year-over-year.

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Apparel
Athletic Apparel
Banking Sector
Biopharmaceuticals
Biotech
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Daily Rundown
Economic Trends
Economy
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US Economy

U.S. Hiring Rose At Its Fastest Pace In Nearly A Year In July With Payrolls Rising By 943,000

Plus, Virgin Galactic shares are up after the company announced it is reopening ticket sales for its space flights, Novavax said it is delaying submission to the FDA for emergency use authorization for its COVID-19 vaccine until the fourth quarter, and Levi Strauss is breaking into the athletic apparel industry in purchasing Beyond Yoga.

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Banking Sector
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Commercial Banking
Cryptocurrency
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Marijuana
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Stock Picks
Tech Stocks

Big Tech Stocks Slide As President Biden Prepares To Sign Executive Order To Crackdown On Anticompetitive Practices

Plus, Wells Fargo said it is shutting down all personal lines of credit to focus more on its credit card and personal loans business, Pfizer plans to apply for emergency use authorization for a booster shot of its COVID-19 vaccine in August, and Stamps.com has agreed to be taken private by Thoma Bravo.

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China
Cryptocurrency
Daily Rundown
IPO
Payment Processors
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Specialty Retailers
Stock Picks

Dollar General Just Hired Its First Chief Medical Officer & Is Aiming To Become A Health Care Destination For Customers

Plus, Visa said more than $1 billion worth of cryptocurrency was spent through its crypto-linked cards in the first half of the year, DiDi’s app has been removed from WeChat and Alipay in another blow to the company, and Planet Labs is going public via a SPAC merger.

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China
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DiDi Shares Drop Below IPO Price On China Crackdown

Plus, oil rose to its highest level in six years after talks between OPEC+ were postponed indefinitely, AMC said it won’t seek shareholders’ approval to issue another 25 million shares, and Amazon’s Bezos officially stepped down as CEO.

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