Everything Going Down the Inflation Drain?
Published by ValueWalk The inflation scare amplified by CPI data caught the mainstream off guard, and the S&P 500 made no attempt at the opening gap. Both the VIX and put/call ratio sharply rose to levels unseen in quite a…
Musk decries bitcoin’s ‘insane’ energy use after Tesla payment U-turn
Published by Reuters By Hyunjoo Jin and Subrat Patnaik (Reuters) – Tesla Inc boss Elon Musk denounced the “insane” amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means…
Tesla suspends Bitcoin transactions
Published by BANG Showbiz Tesla is no longer accepting Bitcoin for vehicle purchases due to concerns over climate change. CEO Elon Musk opened up about the decision this week, which comes after an announcement in March that the cryptocurrency would…
Bitcoin recoups some losses after Musk-triggered tumble
Published by Reuters By Kevin Buckland and Alun John TOKYO/HONG KONG (Reuters) -Bitcoin popped back above $50,000 in Asian trade on Thursday, clawing back some of the 17% plunge that followed Elon Musk’s tweet that Tesla Inc would stop accepting…
Tesla’s Musk halts use of bitcoin for car purchases
Published by Reuters By Hyunjoo Jin and Kanishka Singh (Reuters) -Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on…
Asia shares spooked by U.S. inflation scare, hope for Fed calm
Published by Reuters By Wayne Cole SYDNEY (Reuters) – Asian shares slipped to seven-week lows on Thursday after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to…
Climate harm puts brakes on buying Teslas with bitcoin
Published by AFP San Francisco (AFP) – Tesla hit the brakes Wednesday on letting people pay for electric cars with bitcoin, saying the computing-intense mining process of creating new cryptocurrency spews climate-harming emissions. “We are concerned about rapidly increasing use…
Dead Or Dip: Where Does Doge Go From Here?
Published by ValueWalk Following one of the most controversial and unorthodox retail run-ups in crypto history, Dogecoin was a classic “sell the news†case when Elon Musk took the stage in the highest anticipated Saturday Night Live show of the…
Bulls Coming To Terms With Inflation
Published by ValueWalk Bulls had to fight hard to recover from intraday downside, and hadn‘t managed to close the menacing gap at the open. The VIX gap remained unchallenged too, but the volatility metric soundly retreated from its daily highs,…
Bulls Getting Caught in the Whirlwind
Published by ValueWalk Seemingly uneventful and tight range day in S&P 500 gave way to extraordinary selling once the 4,220 intraday support broke – extraordinary by recent standards. The bulls obviously have quite some damage to repair before thinking about…