December 10, 2021

MicroStrategy CEO Michael Saylor: Gold should be scared of bitcoin

Bitcoin’s rise as an investment could spell long-term doom for gold as an asset class, fancies crypto bull and MicroStrategy founder Michael Saylor. “The only thing that is threatened by bitcoin is gold,” said Saylor on Yahoo Finance Live. “The best thing you could do is sell […]
December 17, 2021

Jobless claims: Another 206,000 individuals filed new claims, rising from 52-year low

New weekly jobless claims ticked up slightly last week to hold near a 52-year low. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless […]
December 17, 2021

Bitcoin, crypto boosted by Fed relief rally, investors ‘bracing for the worst’ get surprised

The Federal Reserve’s surprisingly hawkish policy turn has had a surprise beneficiary: Cryptocurrencies. Digital coins extended gains on Thursday after the Fed stepped up its taper, and laid the foundation for a tightening cycle that could bring as many as three rate hikes in 2022. Normally, cryptocurrency benefits […]
December 20, 2021

BNP Paribas to sell Bank of the West to Canada’s BMO for $16 billion

BNP Paribas said Monday it is to sell U.S. unit Bank of the West to Canada’s BMO Financial Group for $16.3 billion in a deal that will give France’s biggest bank a huge step up in firepower for deals and buybacks. BNP Paribas has been […]