Business Finance News USA Edition

2021-08-01 15:54:01 It's been a week with hype Amazon and Bitcoin holds above $41k

By the way, we have released a new digest: Ethereum's birthday, Vincent van Gogh in NFT, Chinese repression and the number of crypto users.

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2021-08-01 12:21:49 #Bitcoin

The dollar volume of bitcoin received by users in Nigeria in May was $2.4 billion, up from $684 million last December.

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2021-08-01 10:43:02 ​​“An August August for Gold?”

Ah, August. In a word, the Oxford English Dictionary defines “august” as “impressive”: as has historically been the month of August for Gold. Recall what we penned a week ago: “…with August on the horizon, that month has finished higher for Gold in eight of the past 11 years…” Open / Comment

2021-07-31 13:23:48 ​​#GOV

Chinese and Hong Kong stocks have lost over $1.5T in market value since Tuesday.

Crazy Money @ouchcrazymoney Open / Comment

2021-07-31 11:03:29 ​​#Crypto

iPhones are getting cheaper every year for #bitcoin holders.

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2021-07-31 10:39:31 ​​Inflation Climbs Higher, but Gold Closes Sharply Lower

The inflationary rate according to the PCE (Personal Consumption Expenditures Price Index), the preferred inflationary index that the Federal Reserve uses rose sharply to a 13 year high in June. Open / Comment

2021-07-30 10:09:38 BUY AUD/USD

Entry @ 0.7390
SL @ 0.7340
TP1 @ 0.7440
TP2 @ 0.7490
TP3 @ 0.7540 Open / Comment

2021-07-30 08:48:35 ​​#GOV

Germany to Allow Institutional Funds to Hold up to 20% in Crypto

Germany plans to allow institutional funds to invest billions of dollars in crypto assets for the first time.

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2021-07-30 08:06:59 ​​Federal Reserve’s Monetary Policy Moves Gold Substantially Higher

The Fed vowed to continue to provide the support necessary to rebuild the U.S. economy. Open / Comment

2021-07-30 08:04:38 Robinhood’s Market Debut

Today was Robinhood’s IPO, the day we’ve all been waiting for… and it was one of the worst IPOs of 2021. The stock plunged from its offering price of $38.

$HOOD’s unfortunate debut has made for juicy gossip, but it’s hardly a surprise. After all, the company’s role in halting shares of GameStop and other securities during January’s Memestock Madness made it a villain among retail investors.

That hasn’t stopped Robinhood though, which now boasts over 18M users. It’s an astonishing figure when weighed against broker giants Fidelity and Schwab, competitors that have existed far longer than the eight-year-old broker-dealer. Robinhood also reserved 35% of its shares for its 18M users, if they wanted them. But it looks like they didn’t.

Robinhood generates revenue through a controversial practice called Payment for Order Flow (PFOF). PFOF helped power commission-free trading, but the practice could suffer regulatory blows in the near future as reviews of the broker-dealer industry continue.

$HOOD fell 8.3% today to close at $34.82. That price values the company at around $29B. Open / Comment