Thanks Trump? President Joe Biden had a superb first 100 days in the White House since the Second World War, at least from the perspective of the financial markets. According to the Business Insider, S&P 500 returns were 25 percent, beating the previous record of 20 percent controlled by former President John F. Kennedy. President […]
Here’s the steel deal: Biden keeps Trump’s tariffs on steel
By: Andrew Moran Despite calling his predecessor the worst president America ever had, President Joe Biden has copied or maintained many of his policies. Be it plagiarism of the Made in America initiative or Abraham Accords in the Middle East, the Biden administration is conceding that a lot of former President Donald Trump’s measures may not have been liked […]
80% tax for bitcoin? Reports suggest new regulations coming for crypto market
Are new regulations coming for bitcoin? Analyst Charles Gasparino wrote in the New York Post on Saturday warned that the $2 trillion cryptocurrency market could face some “serious regulations that will quash exuberance over crypto. “Ask Wall Street’s C-suite types about cryptocurrencies, and they all admit they’re getting into them one way or another. But keep […]
Despite calling it fraud, JPMorgan Chase to let clients invest in a bitcoin fund
Wall Street’s love affair with bitcoin is continuing as more and more financial institutions try to tap into the crypto realm. The latest? JPMorgan Chase. One of America’s biggest banks will let clients invest in a bitcoin fund for the first time. It could happen as early as this summer. It will be actively managed […]
Britcoin? UK exploring central bank digital currency (CBDC)
Years ago, central banks were adamantly opposed to digital currencies. Years later, after realizing their tremendous surveillance powers, central banks and governments have fallen in love with virtual currencies. Nearly every major country on the planet is considering some kind of cryptocurrency. The latest? The United Kingdom. British authorities confirmed that they are exploring the […]