Cryptocurrency has evened the playing fields and changed investing forever today. People who were once afraid to dive into money markets or stock investments now feel they can, with the tiniest amount of money, get in on a blossoming and flourishing industry that is, to quote, ‘going to the...
While the crypto space is no stranger to new innovations, there is one that is creating a lot of buzz in the industry: BabyElon, a peer-to-peer, open-source digital currency on the Ethereum blockchain. Part of the reason BabyElon is generating so much interest are the times we live in:...
Entrepreneur Hitesh (Neel) Patel, the owner of an investment firm and an expert in Bitcoin after successfully predicting its rise and fall since 2017, is innovating the usage of blockchain technology. “I will launch the world’s first blockchain-based messenger service and social media in the summer of 2021,” Neel...
Mohamed El-Erian said Monday the U.S. economy could experience a double-digit percentage contraction in 2020 due to the coronavirus pandemic. “I think we may be at minus 10% to minus 14% growth for the U.S.,” he said on CNBC’s “Squawk Box.” “I’m a little bit more worried than what...
The spectacular collapse in oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude. What's happening: US oil prices plunged, falling below $0 Monday to $-37.63 a barrel. That's the lowest level since NYMEX...
Oil prices plunged to a record low and into negative territory on Monday as uncertainty mounted about storage for excess supply. WTI crude oil futures expiring in May plunged 321%, to -$40.32 a barrel, while Brent crude slid 9.5%, to $25.41 at intrasession lows. The coronavirus pandemic has torpedoed demand for...
For decades, oil bears have made grand claims about oil prices crashing to $1. It was never really a claim that industry professionals would take seriously, with most observers viewing it either as fear-mongering or hyperbole. On Monday the 20th of April 2020, WTI front-month contracts fell to the $1...
The front-month WTI crude contract crashed by 37 percent early on Monday as the May contract expires on Tuesday and the market fears there is not much storage left in the United States amid collapsing demand in the coronavirus pandemic. At 8:54 a.m. EDT on Monday, the front-month WTI Crude price was...