Leading cryptocurrency exchanges Coinbase and Binance are no strangers to controversy, as they tower over the battered crypto sector. Coinbase leadership was recently accused of insider-trading $1 billion of company stock, according to Bloomberg News, on top of the company’s previous receipt of an SEC “Wells Notice” for potential securities law violations, as reported by… Continue reading SEC Sues Coinbase and Binance, World’s Two Largest Cryptocurrency Exchanges
The US will face a mild recession, but the risk of a ‘hard landing’ is currently low, Bank of America’s chief economist says
The US economy is currently resilient but will face a mild recession, Bank of America’s Michael Gapen said. The bank’s chief economist said a labor-market correction is needed for inflation to decline to the Fed’s 2% target. “Unless bank stress gets worse and a credit crunch is revealed, it’s harder to see where that hard… Continue reading The US will face a mild recession, but the risk of a ‘hard landing’ is currently low, Bank of America’s chief economist says
China stretched its gold-buying spree into the 7th straight month in May, signaling more central bank de-dollarization
China extended a gold-buying streak through May, adding an additional 16 tons. It’s not alone in boosting its gold holdings, as central banks shed dollar reserves. China’s foreign currency holdings fell in May to $3.18 trillion. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading China stretched its gold-buying spree into the 7th straight month in May, signaling more central bank de-dollarization
The stock market could surge 14% as companies adopt AI to boost productivity and profits, Goldman Sachs says
The stock market could see significant upside as more companies adopt artificial intelligence, according to Goldman Sachs.The proliferate of AI technologies should help productivity and profits rise, the bank said.”We estimate the benefit to S&P 500 fair value could be as small at +5% and as large as +14%,” Goldman said. Loading Something is loading.… Continue reading The stock market could surge 14% as companies adopt AI to boost productivity and profits, Goldman Sachs says
Apple could be a $4 trillion company by the end of 2025 as the tech giant is ‘playing chess while others play checkers,’ Wedbush says
Apple could be valued at $4 trillion by the end of 2025, Wedbush estimated. That’s due to key developments, like its next iPhone cycle and the new Vision Pro headset. It’s a sign Apple is “playing chess” while others in the industry are playing checkers, the research firm said. Loading Something is loading. Thanks for… Continue reading Apple could be a $4 trillion company by the end of 2025 as the tech giant is ‘playing chess while others play checkers,’ Wedbush says
Real-estate billionaire Jeff Greene warns the US economy is headed for trouble – and house prices may tumble
Billionaire investor Jeff Greene expects a painful downturn and a potential slump in house prices. The real-estate tycoon says the Fed’s rate hikes will deal heavy blows to several industries. Greene expects an economic slump, AI, and remote working to weigh on commercial real estate. Loading Something is loading. Thanks for signing up! Access your… Continue reading Real-estate billionaire Jeff Greene warns the US economy is headed for trouble – and house prices may tumble
Want to Hedge Against Inflation? Consider Commercial Real Estate
What Lawyers Often Fail to Tell Clients About Litigation A client learns the hard way that litigation takes time and can get expensive, especially if the lawyer is piling on unethical fees and vague ‘costs.’ By H. Dennis Beaver, Esq. • Published 6 June 23
SEC Sues Binance, World’s Largest Cryptocurrency Exchange
Binance, the world’s largest cryptocurrency exchange, has long been dogged by allegations of shady corporate behavior. A lengthy string of eyebrow-raising episodes catalogued by Axios include a market manipulation warning from the NY attorney general and a leaked document allegedly detailing an elaborate plan to deceive regulators. Despite all the smoke, U.S. authorities have been… Continue reading SEC Sues Binance, World’s Largest Cryptocurrency Exchange
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