By laying the foundations of the internet of value, cryptocurrency and blockchain will generate more wealth than Web 1 and Web 2, said CEO of Morgan Creek Capital, Mark Yusko, in an exclusive interview with Cointelegraph. “We haven’t even gotten to the parabolic growth part of Web 3, which is going to create untold wealth”,,
Global investor Barry Sternlicht told CNBC on Wednesday he continues to hold a cautious view on investing in China. “We’re not investors directly in China,” the chairman and CEO of Starwood Capital Group said in an interview on “Squawk Box.” “It’s not a China thing, so much as countries where we think the deck is stacked or we can’t
A trader works behind plexiglass on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 28, 2021. Andrew Kelly | Reuters Today is the traditional start of third-quarter earnings. Here’s the good news: Business is good. Demand for most goods and services are high. Here’s the bad news:
In this article PLUG .BBKA DAL BLK HAS JPM Check out the companies making headlines before the bell: JPMorgan Chase (JPM) – JPMorgan Chase reported a profit of $3.74 per share for the third quarter, compared with a consensus estimate of $3.00, while revenue also topped Wall Street forecasts. CEO Jamie Dimon said the quarter
Three-quarters of the way through the year, municipal bond volume has risen 3.1% compared to the same period in 2020. So far in 2021, issuers have totaled $340.99 billion in 9,082 transactions that compares to $330.71 billion in 8,577 deals in the first nine months of 2020. The state of California once again finds itself
The Biden administration has secured pledges from Walmart, UPS and FedEx to extend their working hours in a bid to ease supply chain bottlenecks that are weighing down the US and global economic recoveries. According to a senior White House official, the three companies will on Wednesday announce a move towards a round-the-clock, seven-day-week model
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3% one year from now. In addition to the
Municipals were lightly traded and little changed as participants await new issues while U.S. Treasury yields fell and stocks were in the red in a risk-off trade. Triple-A benchmark yields were little changed while the UST 10-year fell four basis points to 1.564% and the 30 fell nine to 2.083% near the close. The 10-year
Ether (ETH) price is lagging Bitcoin’s (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve
Hollywood Hills is defined as much by geographic location as it is by the people who live there. This more than 10-acre compound in the Los Angeles residential neighborhood boasts generations of celebrity provenance. It’s now for sale at US $35 million. The current owners and sellers are 10-time Grammy-winning singer Justin Timberlake and his
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, June 3, 2021. Mike Blake | Reuters Anyone out house hunting right now knows the pickings are slim, the competition is fierce and the prices are high, but one analyst claims there are actually too many
Bitcoin (BTC) resumed its rally on Oct. 11 and climbed close to $58,000. This marks an almost 100% recovery from the May plunge and shows that any regulatory action by China is having only a temporary effect. The strong rally in Bitcoin in the past few days has boosted sentiment and analysts are back with
A graphic rendering of a Pelican satellite. Planet Earth imaging and data specialist Planet Labs on Tuesday announced a new line of imagery satellites, called Pelican, as the company prepares to go public later this year. The Pelican satellites are meant to upgrade Planet’s existing constellation of 21 SkySat satellites in orbit, with launches beginning
Woman pumps gas outside of Wawa storefront Saul loeb Energy prices are surging, and the economy is already feeling the pinch of higher fuel costs though it is far from stalling out. There is an unusual coincidence of much higher oil, natural gas and coal prices, combined with other rising commodities and supply chain disruptions.
The Senate appears poised to reach a bipartisan deal for a short-term increase of the debt ceiling to avoid a market-roiling U.S. default. Senate Minority Leader Mitch McConnell, R-Ky., Wednesday broke a weeks-long standoff on the issue by saying that Republicans would not filibuster a Democrat-led bill to raise the debt ceiling, assuming he can
The IMF’s executive board has opted to retain Kristalina Georgieva as the institution’s managing director and said it had “full confidence” in her ability to carry out her responsibilities, despite allegations she pressured World Bank staff when she was its chief executive to manipulate data to China’s benefit. The announcement followed marathon meetings of the
Video sharing platform YouTube removed the 251,000-subscriber channel of Anthony ‘Pomp’ Pompliano, co-founder of Morgan Creek Digital and host of The Pomp Podcast, before later restoring it. In an Oct. 11 update on his Twitter account, Pompliano — a Bitcoin (BTC) bull known for his interviews educating skeptics and others on crypto — said he
Amid steady recovery from the effects of the COVID-19 pandemic, Dallas Fort Worth International Airport is advancing its $5.4 billion capital improvement program, with the largest project at $2.3 billion for terminal C renovations and added gate capacity. “The goal is to transform Terminal C, which has stood in service at the airport since the
This newly built house in Toronto’s Lytton Park may be the freshest face on the block, but it looks right at home. The Georgian-inspired three-story is in keeping with the classic styles of existing houses in the community. Once farmland and a rural suburb of Toronto, the neighborhood was originally made up of mostly Georgian
U.S. Bancorp George Frey | Bloomberg | Getty Images The race to cater to institutional investors who want to wager on cryptocurrency is heating up. U.S. Bank, the fifth biggest retail bank in the nation, is expected to announce Tuesday that its cryptocurrency custody service is available to fund managers, CNBC has learned. The offering