Global debt has skyrocketed to an unprecedented $307 trillion, a jaw-dropping increase of $100 trillion over the past decade, now accounting for 340% of global GDP. This immense burden is why a straightforward escape from a looming recession is virtually impossible. Historically, the remedy for reviving economies after economic contractions has been for governments to…
QQQ big sell off after big rally Wednesday. 100 MA holds for up again for now but chart is vulnerable. Follow me on X/Twitter for real time trading setups @szaman and on StockTwits @szaman. Watch us trade these stocks LIVE, in real-time. Click here to get started! Check out our watch list and game plan: If…
MicroStrategy adds 169 Bitcoin worth $11.4M in July 2024: Report Source link
Semiconductor stocks were back at centre stage this week as shares popped across the board. There were a variety of reasons, ranging from trade exemptions in the United States to more earnings. So let’s get into those events – and one Canadian stock that stands to benefit. U.S. trade exemptions The Biden administration is preparing…
MicroStrategy Incorporated (Nasdaq: MSTR) reported its financial results for Q2 2024, revealing an increase in its Bitcoin holdings. The company acquired 12,222 bitcoins since the beginning of the quarter, at an average price of $65,882 per bitcoin, bringing its total holdings to 226,500 BTC, purchased for $8.3 billion at an average cost of $36,821 per…
da-kuk/E+ via Getty Images The bull market powered through the second quarter, fueled by investor enthusiasm for artificial intelligence (AI) themed stocks. This narrow, momentum-driven, rally helped the S&P 500 eke out a modest gain, even as Mid- and Small-Cap companies declined. The resulting bifurcation has been extreme, as the non-AI companies in the S&P…
By Nora Eckert DETROIT (Reuters) – General Motors (NYSE:) is changing the way it rates the performance of its salaried employees in the U.S. in a move to better reward high-performers and put pressure on low-performers to improve or leave. According to an internal memo viewed by Reuters, the Detroit automaker is now rewarding its…
CleanSpark said in a press release on Thursday that it has acquired its first Bitcoin mining site in Wyoming. The company executed 75 megawatts of power contracts, with 30 MW for the first site expected online by end of 2024. A second site will bring the next 45 MW to CleanSpark’s Wyoming hashrate. CleanSpark has…
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The BBC’s director general, Tim Davie, has said the corporation will “look at all options” for recovering pay from the disgraced newsreader Huw Edwards. Davie said the corporation was exploring the possibility of legal action to claw back some of its payments to Edwards, who continued to be paid for five months after his arrest….