Honda and Sony Team Up to Tackle Tesla

Honda and Sony Team Up to Tackle Tesla

There’s probably nothing more stress-inducing for Americans right now than going to the gas station. For those who have invested in electric vehicles already, the sting of inflation-driven fuel costs is not a problem (although EV owners certainly have some other issues). But many feeling the crunch are looking to electric vehicles as a potential … Read more

Bill Gates on crypto and NFTs: ‘100% greater fool theory’

Bill Gates on crypto and NFTs: ‘100% greater fool theory’

(Kitco News) As crypto investors watched their market dramatically crash this week, Microsoft co-founder Bill Gates compared NFTs (non-fungible tokens) to “greater fool theory.” Here’s what he meant. Digital assets like NFTs are “100% based on the sort of greater fool theory that someone is going to pay more for it than I do,” Gates … Read more

Global markets and US stock futures turn lower after Fed rate hike

Global markets and US stock futures turn lower after Fed rate hike

US stocks had closed higher on Wednesday after the Federal Reserve hiked interest rates by an aggressive three-quarters of one percent. Asian markets had also mostly risen on Thursday. However, the rally did not last long, as investors worried about the impact the big jump in interest rates will have on economic growth. Japan’s Nikkei … Read more

Gold price, Bitcoin price react as Fed’s Powell says another 75bps hike possible in July, ‘softish landing’ depends more on external factors

Gold price, Bitcoin price react as Fed’s Powell says another 75bps hike possible in July, ‘softish landing’ depends more on external factors

(Kitco News) All eyes were on Federal Reserve Chair Jerome Powell after the US central bank raised rates by 0.75% — the biggest increase since 1994. And he did not hold back – stating that another 0.75-percentage-point hike is possible in July and that the so-called ‘softish landing’ will now depend more on external factors … Read more

What’s next for crypto after ‘perfect storm’ crashes prices? Ethereum’s market cap is ‘orders of magnitude higher’ than Bitcoin — Messari

What’s next for crypto after ‘perfect storm’ crashes prices?  Ethereum’s market cap is ‘orders of magnitude higher’ than Bitcoin — Messari

(Kitco News) Following the latest massive selloff, the overall crypto market cap is now below $1 trillion — that is billions of dollars vanished in the last few days. And even though the macro-environment remains unsupportive for risk-on assets until inflation slows down, the focus remains more long-term, according to Messari senior research analyst Tom … Read more

5 Midstream Oil Stocks With Perfect Exposure To Soaring Oil Prices

5 Midstream Oil Stocks With Perfect Exposure To Soaring Oil Prices

After a brief hiatus, the oil price rally is back on track. Crude oil closed with its seventh straight weekly gain thanks to tight fuel supplies sustaining bullish sentiment. After a brief fall on Friday following news that US inflation surged to a fresh 40-year high, WTI crude rebounded to end the week with a … Read more

Markets in Asia fall after rough week on Wall Street; Japan’s yen slides to two-decade-low

Markets in Asia fall after rough week on Wall Street;  Japan’s yen slides to two-decade-low

Japan’s Nikkei tumbled 2.9%, as the Japanese yen weakened to the lowest level in more than 20 years. The Japanese currency has declined rapidly in recent months because of a strong greenback and ultra-loose Japanese monetary policy. The Japanese central bank and government warned in a rare joint statement on Friday that they are concerned … Read more

Entire financial system is ‘a black hole,’ crypto will become the dominant force – Garry Kasparov

Entire financial system is ‘a black hole,’ crypto will become the dominant force – Garry Kasparov

(Kitco News) The US dollar will inevitably come to a clash with crypto for the reserve currency status, said Chess Grandmaster and Avast Security Ambassador Garry Kasparov. Kasparov sees the US dollar losing its reserve currency status with time as more people embrace crypto for its independence. He spoke at the Consensus 2022 conference being … Read more

How soon will the Fed flinch? This is when the next Bitcoin price rally will kick off, says Galaxy Digital’s Novogratz

How soon will the Fed flinch?  This is when the next Bitcoin price rally will kick off, says Galaxy Digital’s Novogratz

(Kitco News) The crypto space won’t see a break in the bear market until the Federal Reserve is forced to pause its aggressive rate hike cycle that is meant to bring inflation under control, said Mike Novogratz, founder and CEO of Galaxy Digital. “Bitcoin and crypto won’t trade well until the Fed flinches,” Novogratz said … Read more