From Chaos to Crypto: The Crecimiento Movement Igniting Argentina
A month-long pop-up in Buenos Aires is showing how crypto can potentially transform an economy from the bottom-up.
A month-long pop-up in Buenos Aires is showing how crypto can potentially transform an economy from the bottom-up.
Michelle Bond, who once ran a Washington-based crypto advocacy group and had served as a U.S. Securities and Exchange Commission lawyer, was indicted in federal court for taking illegal campaign contributions during her 2022 run for Congress, and court documents detail how a river of cash came through her former FTX executive boyfriend.
Nvidia's (NVDA) stock continues to rally ahead of its highly anticipated quarterly earnings report on August 28th. To discuss the potential impact of the semiconductor giant's results on the broader tech sector (XLK), Bernstein Internet Equity Research Analyst Mark Shmulik joins Morning Brief. Shmulik notes that when it comes to the AI trade, tech giants have made it clear that "the risk of underinvesting is much higher than the risk of overinvesting." He believes that "so long as that momentum continues," the entire tech sector stands to benefit. Regarding tech valuations, Shmulik observes they have cooled and "are not demanding." However, he emphasizes that companies must "deliver on the core business ahead of you today" to fund their ongoing AI investments. Notably, with companies like Alphabet's Google (GOOG, GOOGL) beginning to see returns on their AI investments, Shmulik points out that "it's no longer talk of a theoretical, it's actually showing up in the numbers." When it comes to investment opportunities in the AI space, Shmulik highlights Meta (META) as "one of the cleaner names" for those looking to participate in the AI trade. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Investors should buy protection now as the volatility seen in August is likely to return amid a closely contested U.S. election race, according to a report released Tuesday by BCA Research.
Crypto-centric stocks like NVDA, IBKR, HOOD and SQ are expected to gain once the Bitcoin rally resumes.
Sales of existing homes rose in July as house hunters ventured back with mortgage rates lower than a year ago.
According to BlockBeats, on August 23, European Central Bank (ECB) Governing Council member Kazaks expressed a very open attitude towards discussing a rate cut in September, suggesting that a gradual reduction would be the best approach.Kazaks indicated that even if inflation remains stable, a rate cut is still a possibility.
Sen. Cynthia Lummis (R-Wyo.), a known cryptocurrency and Bitcoin (CRYPTO: BTC) advocate, claimed there is nothing to suggest that Democratic presidential candidate Kamala Harris will support the industry, although fresh developments may suggest otherwise. Don't Miss: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today. 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many people got started through this free crypto faucet?
According to BlockBeats, on August 23, Federal Reserve's Collins indicated that the current timing appears suitable to begin easing monetary policy.
Investors are eagerly awaiting US Federal Reserve chair Jerome Powell's speech at the Jackson Hole symposium.