Analysts see Bitcoin at $100,000 soon
May 8, 2025
NatWest Strategist Concurs with Fed that “Hot” Inflation is Only Transitory
NatWest Markets strategist John Briggs has backed Fed claims that the uptick in inflation is temporary, CNBC reports. Comments by Briggs come when consumer price index jumped 5% year over...
Read moreCiti Challenges Market With 5% Cash-Back Credit Card Program
Citigroup Inc. will roll out on Thursday a credit card that will give up to 5% cash back on up to $500 of spending, CNBC reported. Head of U.S. branded...
Read moreChinese Watchdog Probes Veteran Bad-Loan Manager for Corruption
China has initiated an official investigation on China Great Wall Asset Management Co. Vice President Hu Xiaogang over corruption concerns, Yahoo! reported. The Central Commission for Discipline Inspection said Hu...
Read moreBanks Scrambling to Sway Corporate Clients to Park Additional Funds Elsewhere
American banks are now moving to entice corporate clients to park their additional cash in other money-market accounts, the WSJ reported. Lenders in the past months moved customers from deposits...
Read moreUnforeseen Increase in Wages Creates Anxiety of a Likely Prolonged Inflation in the U.S.
Money markets in the U.S. are anxious that high inflation may not go away anytime soon, after an unforeseen 0.5% rise in wages in May. Source: St. Louis Fed SPY ...
Read moreCFTC Commissioner Believes Much of DeFi is Illegal
Commodity Futures Trading Commissioner Dan Berkovitz took a look at decentralized finance and found that it was “probably illegal”, as noted in his public statement. Berkovitz said he searched DeFi...
Read moreFirst Solar to Capitalize on Growing Demand for Alternative Energy to Build a $680 M Solar Facility
Plans are underway for a $680 million First Solar’s third facility in Ohio, according to the company's press release. The solar-panel maker will begin construction once required permits and local...
Read moreCoinbase Denies Involvement in Recovery of Colonial Pipeline Crypto Ransom
Cryptocurrency exchange platform Coinbase Global Inc. has denied any involvement in the recovery of the $2.3 million crypto ransom paid to hackers, an official said in a post. Chief Security...
Read moreSurging Producer Prices in China Cuts into Business Profits
In May, China’s Producer Price Index increased by 9%, raising the cost of production while hurting business profits, according to data released by the National Bureau of Statistics of China....
Read moreHow America’s Rich Sidestep Income Taxes
Multibillionaires Jeff Bezos, Carl Icahn , Elon Musk, Michael Bloomberg, George Soros had at least a year in history, when their federal income tax payment was equal to zero. Information...
Read moreJustice Departments Leads Agencies in Recovering $2.3M Paid to Colonial Hackers
U.S Justice Department and other federal agencies on Monday recovered 64 bitcoin valued at about $2.3 million paid to ransom attackers, according to Yahoo! Finance. The seized bitcoin was paid...
Read moreMajor Websites Resume after 1 hour Outage of Fastly CDN System
Most Major websites, including government and news websites resumed normal operations after disruption of services for almost an hour as Fastly’s CDN system experienced an outage, according to a report...
Read more