Bitcoin settled around $23,570 at 5:20 p.m. EST after climbing as high as $24,100 earlier in the day, according to TradingView data. It’s up about 0.4% over the past day following the Federal Re...
Tag: Debt Financing
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
Elon Musk Sounds the Alarm Over a Brewing Automobile Crisis
The auto sector is one of the victims of the aggressive interest rate hikes by the Federal Reserve to crush inflation, which is at its highest in 40 years. According to experts, this monetary policy ...
Core Scientific rallies alongside other industry stocks
Most bitcoin mining stocks tracked by The Block saw price increases on Wednesday. Bitcoin was trading at around $17,800 by market close, according to data from TradingView, after spiking to $18,...
Carvana Defiant in Face of Alarms About Possible Bankruptcy
Carvana undoubtedly is facing the biggest crisis in its 10 years of existence. For several weeks now the online car dealership has been the subject of speculation about its financial condition and th...
Economist Roubini Sees ‘Mother of All Stagflationary Debt Crises’
Debt around the world is growing as governments, businesses and individuals have gone on a spending and borrowing spree during the covid pandemic and as it has eased. Nouriel Roubini, chief economist ...
No Break For Carvana, the ‘Amazon of Used Cars’
Concerns are mounting around Carvana, the “Amazon of used cars.” The online car retailer was an investor darling during the pandemic. They hailed the new economy that wanted consumers to ...
Rout of Carvana, the ‘Amazon of Used Cars,’ Has No End
Concerns are mounting around Carvana, the “Amazon of used cars.” The company was an investor darling during the pandemic. They hailed the new economy that wanted consumers to buy everythi...