A female Marine officer’s video talking about sexual misconduct by another officer went viral on Twitter and Tiktok on Wednesday. The officer said that her perpetrator was a platoon sergeant in her unit and a uniformed victim advocate. Defense Secretary says there is a need for immediate answers for sexual assault cases Defense Secretary Lloyd
Staff Writer
Cryptocurrency markets dropped value significantly at the start of the week, with billions of dollars shaved off the cryptocurrency economy’s capitalization. Despite this, cryptocurrency derivatives are surging, with interest in BTC futures commandeering almost $19.1 billion on Tuesday. Bitcoin price continues to show the volatility On Sunday, BTC hit an all-time high of $58,354 per
The cryptocurrency sector continues to grow fast, but some with each network looking to attract more users. Crypto influencer Lark Davis has urged Ethereum network developers to quickly unveil ETH 2.0 to avoid losing users to other networks because of high gas fees. Ethereum developers should expedite ETH2.0 Davis has indicated that Ethereum competitors will
Home prices and sales surged in the past month in Southern California thanks to a surge in demand, record-low mortgage rates, and a limited supply of homes. According to a report by DQ News/CoreLogic, the median home price for all sales in the region was $599,500 in January. Housing demand high than listings pushing prices
The first bitcoin exchange-traded fund (ETF) started strongly on its first trading day and sold $165 million worth of shares on the TSX exchange. Interestingly, the Purpose Bitcoin ETF (BTCC) outperformed on its first day, with investors trading almost 100 million shares of the fund, thus making it among the most active stocks on the
Bond yields continue to be performing well as optimism of an economic recovery starts to grow. The higher bond yields reflect economic optimism and have fuelled the buy-the-dip mentality with investors optimistic that vaccinations will spur an economic recovery. On Tuesday, Boeing Co. (NYSE:BO) borrowed $9.8254 billion in the corporate bond market via three-part financing
According to Goldman analysts, crude oil prices are likely to rise sooner, and her than anticipated thanks to energy demand recovery globally, which had outpaced additional supply from US shale and OPEC. The analysts raised their previous Brent price predictions by $10 per barrel to $70/bbl in Q2 and $75/bbl in Q3. Oil prices to
Elon Musk and Warren Buffett have been moving markets this with Musk’s tweets lifting Bitcoin, Dogecoin, GameStop Corp (NYSE:GME), and other assets. On the other hand, Buffet’s Berkshire Hathaway’s bets on Chevron and Verizon boosted the stocks this week. “Buffet Bump” helped Chevron and Verizon surge Buffett’s decisions have been moving markets considering most investors
During these unprecedented social distancing times and staying at home, having a companion can help alleviate your mood. Although some people prefer pets such as cats and dogs, some don’t. But this should not be a problem as Panasonic has developed a companion robot with more personality that can keep you company at your residence.
Although 6G is years away, Apple Inc. (NASDAQ:AAPL) is already preparing for that to avoid relying on companies such as Qualcomm Inc. (NASDAQ:QCOM) with the next generation wireless tech gathering steam. The company launched its 5G iPhones recently, and already it is planning on developing iPhones using 6G wireless speeds, stating that it wants to
The case against a White Woman who had called police on a black man who was bird watching claiming that he had threatened her in New York City’s Central Park has been dropped. According to prosecutors, the white woman, Amy Cooper, completed a racial bias therapy course and requested for the criminal case’s dismissal. Manhattan
After hitting $50,000 at the beginning of the week, Bitcoin is holding around those levels. Its market capitalization is up to $923 billion. The largest cryptocurrency is on the path to hit the trillion-dollar crypto asset class. With the US dollar ending its winning streak on Thursday as quick economic recovery hopes dampen due to
The cryptocurrency industry is growing very fast, and most countries are looking to provide regulation to govern this rapidly expanding segment. For instance, Kyrgyzstan has moved to formally regulate the industry by laying the framework of licensing of crypto exchanges. Kyrgyzstan wants the crypto sector regulated like Forex Recently the Kyrgyz Republic’s National Bank revealed
US president Joe Biden has extended the ban on housing foreclosures up to June 30 to help renters who are struggling with the impact of the Pandemic. The foreclosures suspension for federally guaranteed loans was expected to expire at the end of March 31. Biden extends housing foreclosure According to data from Census Bureau, around
Chinese asset manager CSOP Asset Management has launched the first exchange-traded fund in Hong Kong to track China’s Star Market. The Shanghai-based science and technology board has been drawing significant interest in the mainland since its establishment 18 months ago. CSOP Asset Management launches ETF to Track China’s Star Market The launch of CSOP Asset
In a note to clients, JPMorgan has indicated that the curb on US investors owning securities from various Chinese firms will affect bonds worth $60 billion and led to huge outflows due to forced selling. Ban of US Investors on Chinese securities to affect $60 billion in bonds The Trump administration issued an executive order
The House Financial Services Committee is investigating the coordinated effort from Reddit’s equity trading community to drive the surge in GameStock Inc.’s (NYSE:GME)stock price and other shares thus squeezing hedge funds such as Melvin Capital who had bet against it. The committee will hold a hearing on February 18 entitled “Game Stopped? Who Wins and
Currently, Wall Street is moving from one craze to another from GameStop Corp (NYSE:GME) to Bitcoin and now special purpose acquisition corporations (SPACs), which are also called blank check companies. The SPACs space was once an odd security backwater, but it is now raging with a lot of interest. Kaepernick forms a SPAC The segment
Tesla Inc. (NASDAQ:TSLA) lit up the market after confirming a $1.5 billion stake in high flying cryptocurrency Bitcoin. The investment came hot on the heels of Square confirming a $50 million bet and MicroStrategy investing more than $200 million. As it stands, mainstream investments on Bitcoin looks set to edge higher eve further. Morgan Stanley
Walmart Inc (NYSE:WMT) is spearheading the vaccination drive against the havoc-causing COVID-19. The nation’s largest retailer has expanded the number of locations where the vaccines are available in Georgia, from 10 to 60. Retail Chain Vaccination Drive Similarly, the number of Sam’s Club locations offering the vaccine has increased from two to six, including 14
Interest in bitcoin refuses to fade off even with the crypto appearing overvalued at record highs above the $40,000 mark. The meteoric rise has come at the back of increased investment interest worldwide. Indian cryptocurrency exchanges are the latest to register a four-fold increase in Bitcoin interest in recent weeks. Cryptocurrency exchanges and trading platforms
This is the viral moment when a Texas lawyer turned up to argue a forfeiture case but struggled to remove a filler of a kitten on the Zoom call. Rod Ponton is the county attorney who sent shockwaves on social networks for struggling to turn off the filler during a hearing in the Texas 394th
Growing cryptocurrency popularity is increasingly presenting challenges on the world stage. For the longest time, there have been concerns that cryptocurrencies are being used to fuel illegal activities such as money laundering and terrorism. However, it is only now that the same is being felt. Reports that North Korea is circumventing sanctions with the help
Real Estate has remained resilient even as the COVID-19 pandemic continues to disrupt the global economy. Transaction and activities in the sector have been building up over the past year at the back of new projects and strong demand for new homes. PGIM Real Estate conforming it completed nearly $30 billion in transactions in 2020,
The Exchange Traded Fund frenzy does not show any signs of cooling off even with equities at all-time highs and amid fears of an imminent correction. With social media emerging as a powerful tool capable of influencing actions in the equity markets, ETFs targeting the social media frenzy could be the way forward. Investment firm
Apple Inc. (NASDAQ:AAPL) and Alibaba Group Holding Ltd (NYSE: BABA) have affirmed it is the perfect time to tap the debt market and raise capital. The two tech giants have carried out a series of bond issuance, taking advantage of record-low interest rates to raise cheap capital to finance buybacks as well as working capital.
Tesla Inc. (NASDAQ: TSLA) is the latest mainstream power play to affirm Bitcoin is here to stay and could be the currency of the future. The tech giant has confirmed the purchase of $1.5 billion worth of the flagship cryptocurrency. According to regulatory filings, the EV giant says it bought the coin for more flexibility
Apple Inc. (NASDAQ:AAPL) has shelved plans to partner with Hyundai and Kia motors in the development of autonomous electric cars. The confirmation comes barely a month after reports emerged; signaling that the two were close to finalizing a deal that would see the iPhone maker venture into the auto business. Apple Project Titan Initial reports
Alphabet Inc. (NASDAQ:GOOGL) backed insurance start-up, Oscar Health has filed for an initial public offering seeking cash following the telehealth market demand surge during the pandemic. The start-up founded in 2012 by Kevin Nazemi (no longer with the company), Mario Schlosser, and former President Trump’s adviser Jared Kushner’s brother Josh Kushner listed the size of
The US FDA has approved Bristol-Myers Squibb’s Co. (NYSE:BMY) CAR T drug liso cel, Breyanzi in the treatment of certain B-Cell lymphomas in patients that have relapsed or have not responded to two other systemic treatments. Breyanzi approved for the treatment of B-cell lymphoma Bristol Myers will market the chimeric antigen receptor therapy, which is
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