Industrial-scale bitcoin mining facilities in the US create as much carbon pollution as 3.5 million gas-powered cars, and Texas, which boasts the largest number of mining facilities in the country, will see the cost of electricity rise nearly 5% by mid-2023 due to cryptocurrency mining.
Those stunning figures come from...
The United States has been grappling with a global pandemic, an economic meltdown and massive protests — and yet, until recently, the stock market basically shrugged it all off. Between March 23 and late last week, the market surged 45%, erasing the drop it had seen at the start...
The market may be in better shape than Wall Street thinks.
The Leuthold Group’s Jim Paulsen believes investor angst over the coronavirus pandemic is overdone.
He predicts stocks will return to all-time highs sooner than it takes for the economy to recover.
“Fear is on steroids,” the firm’s chief investment strategist told...
When the coronavirus crisis first started, market watchers were eager to see if Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) would make a big move. The Berkshire chief has lamented for years that stocks and companies are too expensive, and he hasn't "bagged an elephant" since his 2015 acquisition of...
European stock markets closed higher Friday, with the Stoxx 600 logging gains of 7.05% in the first quarter despite a volatile few weeks of trade in the banking sector.
The European benchmark closed down 1.36% for the month.
On Friday, the Stoxx 600 index closed up 0.6% from the previous session after euro zone consumer price...
The U.S. government's massive stockpile of Bitcoin seized from busting criminal activity has served as a revenue generator to pay victims of fraud, but the timing of its sales have been dubious and officials often struggle to keep up with the criminals on the cutting-edge technology.
"The government is usually...
For years, Chinese automobile makers have failed to enter the European market, known to be mature and conservative. But last year's unexpected boom in sales of electric vehicles in Europe is expected to change the game.
One of China's major EV makers, Xpeng, announced late December that it would start...
Billionaire investor Warren Buffett said Monday he finds stocks attractive for the long haul and that he almost made a huge acquisition last quarter. He also called bitcoin a “delusion.”
Buffett, 88, made his comments in a wide-ranging interview with “Squawk Box” co-host Becky Quick from Omaha, Nebraska.
He explained why...
As the U.S.-China trade war intensifies, investors are scrambling to find stocks that offer shelter from the storm.
These traders have four stock picks that could provide insulation from those trade concerns.
A bite to eat
Mark Tepper, president and CEO of Strategic Wealth Partners, said domestically focused companies with a consumer...
Guangzhou, CHINA — Chinese financial technology giant Ant Group, which was gearing up for the world’s biggest IPO, could see its valuation come crashing down after its public listing was suspended, experts said.
It comes as Beijing announced there will be proposed regulations on micro-lending — a move that could...
