Crypto bank Silvergate ranks as the second most-shorted stock on Wall Street
Over 72% of Silvergate Capital Corp stocks were shorted as of Jan. 31, shows FINRA's latest data.
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‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023
Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along…
Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September
The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows…
Crypto Stocks Take Steep Hit Compared to Wall Street in End of Week Drawdown
Stocks started off the week in a rally, with wide benchmarks like the S&P 500, NASDAQ Composite, and Dow Jones posting gains. But the rally fell off with a sharp…
Fidelity, Charles Schwab, and Other Wall Street Giants to Launch Crypto Exchange
A group of Wall Street titans, including Fidelity, Charles Schwab, and Citadel, among others, are collectively launching a cryptocurrency exchange called EDX Markets. Fidelity, Others Launch EDX Markets A Wall...
US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’
On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and…
‘A Dangerous Looking Moment in Global Economics’ — Veteran Investor Jeremy Grantham Warns S&P 500 Could Plunge Another 26%
Jeremy Grantham, the co-founder of the Boston-based asset management firm Grantham, Mayo, & van Otterloo (GMO) believes Standard and Poor’s 500 (S&P 500) could drop another 26% during the next…
Crypto ATM Operator Bitcoin Depot to Go Public Via $885 Million SPAC Deal
Popular cryptocurrency ATM operator Bitcoin Depot is reportedly planning to become a publicly-traded company through a partnership with SPAC GSR II Meteora Acquisition Corp. A special-purpose acquisition company (SPAC) is…
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020
The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro dropped below the USD for the second time in 20…
Russia’s GDP Decline Less Severe Than Expected, Wall Street Returns to Russian Bonds, Putin Criticizes US ‘Hegemony’
While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic…