Economy Archives - Page 50 of 59

Bitcoin Will Break above $40,000 by Monday, Crypto Analyst Predicts

Bitcoin will finally break out and return back above $40,000 before Monday, a leading cryptocurrency analyst is predicting. Crypto trader Justin Bennett says Bitcoin looks poised to rally above $40k after sinking to $33,500 on Jan. 24. “If Bitcoin can break above these highs, right around $37,500, if we do…

Americans Far More Concerned about Inflation than Covid, Poll Shows

Americans are far more worried about inflation over the Covid pandemic as a top economic concern for 2022, a new poll has revealed. Inflation has overtaken Covid fears already this year, according to the latest edition of the Argyle-Leger Confidence Report. While many Americans fear that the pandemic will continue…

Biden to Meet Qatar Leader to Discuss Boosting Gas Supplies to Europe

Democrat President Joe Biden is to meet with the leader of Qatar to discuss boosting gas supplies to Europe as tensions escalate between Russia and Ukraine. Biden is hosting Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, at the White House on Jan. 31 for the discussions. The discussions are expected…

Federal Judge Blocks Gulf of Mexico Drilling Lease Sales over Flawed Impact Analysis

A U.S. federal judge has blocked the sale of oil and gas drilling leases for the Gulf of Mexico after ruling that environmental impact analysis is flawed. The ruling prohibits the sale of drilling leases across 80 million acres of the Gulf of Mexico. The judge determine that the environmental…

Lawmakers Grill NBC over Communist China’s Influence on Winter Olympics Coverage

Two Republican lawmakers are demanding to know whether NBCUniversal’s coverage of the 2022 Winter Olympics is being influenced by the Chinese Communist Party (CCP). Reps. Robert Latta (R-OH) and Cathy McMorris Rodgers (R-WA) wrote a letter (pdf) to NBCUniversal CEO Jeff Shell and President of Olympics and Business Gary Zenkel…

Wall Street Firms Turn Bearish on Stocks: ‘Winter Is Here’

More and more strategists and Wall Street firms are turning bearish on the financial markets as the sharp selloff in stocks continues. Stock market bears are claiming victory after anticipating a correction. Over the last week, the leading benchmark indexes have plummeted. On Monday, analysts at Morgan Stanley, including Michael…

Russia Not Banning Bitcoin: Finance Ministry Official Reveals Crypto Regulation Plan

An official in Russia's finance ministry has revealed that the Russian government does not plan to ban Bitcoin and cryptocurrencies, as reported last week. Despite previous remarks from Russia's central bank last week, the Russian director for financial policy could be softening its stance toward crypto. Ivan Chebeskov, a director…

Trump’s New Media Venture Outperforms All Other Special Purpose Acquisition Companies

President Donald Trump’s new media venture is currently outperforming all other special-purpose acquisition companies (SPACs), according to reports. Digital World Acquisition Corp (DWAC) is the SPAC used to take Trump Media & Technology Group (TMTG) public. It is outperforming all other SPACs with shares trading at $73.12 on Friday (currently…

Big Tech Bill Approved by Senate Panel despite Pushback from Silicon Valley

The U.S. Senate Judiciary Committee has voted to pass a major bill placing limits on Big Tech, despite pushback from Silicon Valley lobbyists. This week, the committee voted 16-6 to move forward with the bill that defies the powerful lobbyists of Silicon Valley. Top executives like Apple Chief Executive Tim…

US and UK in Talks to Resolve Dispute over Steel and Aluminum Tariffs

Officials from the United States and the United Kingdom have entered into joint talks in an effort to resolve the trade dispute over tariffs on U.S. steel and aluminum. Representatives agreed to resolve the dispute in a joint virtual conference beginning on Jan. 20. American representatives are keen on removing…