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Economics And Finance

Personal-Finance Lessons From The Ultra-Wealthy

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High-net-worth individuals in Tiger 21 investment group share advice on maintaining their fortunes. Personal-Finance Lessons From The Ultrawealthy [caption id="attachment_23762" align="aligncenter" width="600"] Perry Lerner, The 73-Year-Old Co-Founder Of Crown Global Insurance Group, Recently Got Personal-Finance Advice From His Ultrawealthy Peers At His Tiger 21 Portfolio ‘Defense.’ Among The Takeaways: Consolidate…

When Crypto And Traditional Investors Forget Fundamentals, The Market Is Broken

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Best explanation for how cryptos and stocks have moved so far this year is the raw price of the asset, an almost meaningless number. When Crypto And Traditional Investors Forget Fundamentals, The Market Is Broken Guggenheim CIO Says Bitcoin's Fundamental Value is $400k Guggenheim CIO Scott Minerd, in an interview…

Mega-Bullish News For Bitcoin As Elon Musk Says, “Pay Me In Bitcoin” And Biden Says, “Ignore Budget Deficits”!

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Elon Musk, The World’s Richest Man, Wants To Be Paid In Bitcoin. Mega-Bullish News For Bitcoin As Elon Musk Says, "Pay Me In Bitcoin" And Biden Says, "Ignore Budget Deficits"! Wake-up Sunshine! We Gettin’ Ready To Get Even Mo Riatch Biatch! Grab Yo Ass And Hold On!   Elon Musk,…

Tesla’s Crypto-Friendly CEO Is Now The Richest Man In The World

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His last reported Bitcoin holdings were 0.25 BTC. Tesla’s crypto-friendly CEO Is Now The Richest Man In The World Elon Musk, CEO of SpaceX and Tesla, has surpassed the net worth of Amazon founder Jeff Bezos. “Elon Musk has become the world's richest person, as his net worth crossed $185bn…

Cash-Strapped Americans Are Drawing Down Savings As Pandemic Divisions Widen

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Survey shows one in four consumers pulled money from their savings in December, the most so far during the Covid age. Cash-Strapped Americans Are Drawing Down Savings As Pandemic Divisions Widen The second round of stimulus checks can’t come fast enough for increasingly cash-strapped Americans. Related: People Are Using Stimulus…

Financial Inequality Grouped By Race For Blacks, Whites And Hispanics

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World Economy Faces Debt Doom Loop, More Inequity Post Pandemic. Financial Inequality Grouped By Race For Blacks, Whites And Hispanics The world economy will be exiting the pandemic weighed down by much bigger debts and increased inequality that could hobble growth in the longer term. That was one of the…

Google Staff Launch Union, Escalating Tension With Leaders

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Employees of Google and parent company Alphabet Inc. announced the creation of a union on Monday, escalating years of confrontation between workers and management of the internet giant. Google Staff Launch Union, Escalating Tension With Leaders The Alphabet Workers Union will collect dues, pay organizing staff and have an elected…

China Tells Inefficient Firms To Toughen Up Or Prepare To Fail

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China is turning the screws on the nation’s companies as authorities seek to take advantage of the global pandemic to strengthen its industrial might. China Tells Inefficient Firms To Toughen Up Or Prepare To Fail After letting inefficient firms survive for years, Beijing is now allowing them to fail. Bond…

Treasuries Inflation Gauge Exceeds 2% for First Time Since 2018

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Traders see U.S. inflation averaging at least 2% per year over the coming decade, the first time expectations have climbed that high since 2018. Treasuries Inflation Gauge Exceeds 2% for First Time Since 2018 The move came as real yields plumbed record lows. The 10-year breakeven rate -- a measure…

FinCEN Wants US Citizens To Disclose Offshore Crypto Holdings of $10K+

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The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department wing tasked with monitoring potential legal violations of domestic financial laws, wants Americans to report if they have more than $10,000 in cryptocurrencies with foreign financial or virtual asset service providers. FinCEN Wants US Citizens To Disclose Offshore Crypto Holdings…

Nigerian Stocks Head For Best Annual Run Since 2013

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Nigerian stocks are headed for their highest annual gain in seven years riding on low yields in the country’s fixed-income market. Nigerian Stocks Head For Best Annual Run Since 2013 The equities benchmark index in Africa’s largest economy recorded its highest return, rising 45.7% this year, the most among 93…

The Goldman Sach’s Solution Could Work Out Fine For Alibaba’s Jack Ma

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Ma may need to give up some of his bigger ambitions, but making Ant a financial holding company could bring absolution and profits. The Goldman Sach's Solution Could Work Out Fine For Alibaba's Jack Ma Attempting to regain the good graces of Chinese authorities, Jack Ma’s Ant Group is considering…