Bill Gross, the co-founder of Pacific Investment Management Co., shared some of his views on bonds, commodities and forex on Bloomberg Television Tuesday. Gross, who once managed the world’s largest bond fund, expressed seeing a 3% to 4% inflation in the coming months, despite inflation currently sitting below 2%. Gross said he is short on the US 10-year Treasury...
Category: Daily Blog
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Bitcoin Cracked $58,000 as Risk-On Rally Extends
The world’s largest cryptocurrency, Bitcoin, reclaimed its $1 trillion market value as risk-on rally accelerates. The rise in investor optimism was bolstered by the $1.9 trillion stimulus package signed by Joe Biden on Thursday. Intraday saw Bitcoin rose to a high of $58,098 before slightly retrieving down to $56,969 at the time of writing. The high...
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Dating App Bumble Reported Stronger Than Expected Revenues
Bumble (BMBL)’s share price rises more than 5% to$66.5 on late Wednesday after reporting 31% jump in the fourth quarter sales to $165.6 million. According to Refinitiv IBES data, analyst expected a revenue of $163.3 million on average. Bumble has given an upbeat outlook on the next quarter ranging from $163 million to $165 million,...
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Brent Crude Futures Rose Above $70 After Key Saudi Oil Site Attacked
Brent oil(XBRUSD) on Monday rose 1.52% to above $70 per barrel for the first time since the inception of the pandemic in early 2020, while WTI crude is at two years high near $67.3 per barrel after the key Saudi Arabian oil facilities being attacked. According to the chief global markets strategist, Stephen Innes at...
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Kraken CEO said Bitcoin Could Go as High as $1 Million or More
With the increasing inflationary concerns over the past weeks, investors have been eyeing assets that may act as an inflation hedge such as gold (XAUUSD), properties, and cryptos. The CEO of Kraken, the largest Bitcoin exchange, Jesse Powell said in a Bloomberg Television interview that bitcoin could reach $1 million in the next decade, which...