The government announced a $5 billion package to push the EV industry. The allocated money will be spent over five years in building infrastructure and making EVs, according to reports. The plan is a part of the $1 trillion infrastructure bill passed by Congress in November 2021. The Biden administration had shown interest in the EV industry as it summoned […]

In a Wednesday interview with CNBC, Bill Miller once again laid out his cards on why he had fallen in love with Bitcoin, stating that the cryptocurrency was the best hedge against fiat-induced calamities. According to the Billionaire investor, one reason for his decision to purchase and hold Bitcoin in the long term is because the asset is still in its […]

Shares of The Goodyear Tire & Rubber Company (GT) are falling more than 22% Friday morning despite upbeat fourth-quarter results. However, Richard J. Kramer, chairman, chief executive officer and president of the company said, “Looking ahead, we expect inflationary pressures to persist over the next several quarters. We remain focused on executing strategies to capture value in the marketplace and […]

Shares of automotive protection products maker, XPEL, Inc. (XPEL) are rising more than 14% on Friday at $66.23. XPEL is set to add to the S&P SmallCap 600 index, effective prior to the opening of trading on Tuesday, February 15. XPEL has been trading in the range of $44.11-$103.84 in the past 52 weeks. Source: Read Full Article

Shares of Zillow Group, Inc. (ZG) are up more than 11% in the morning trade on Friday after reporting robust sales in the fourth quarter on strong growth in home segment revenue. Revenue for the fourth quarter increased 392% year-over-year to $3.882 billion. The company reported a net loss of 261.21 million in the quarter, compared with net income of […]

On Wednesday (February 8), legendary American value investor William H. Miller III shared his latest thoughts on Bitcoin. Miller is the Founder, Chairman, and Chief Investment Officer of investment firm Miller Value Partners, as well as the portfolio manager of firm’s mutual funds “Opportunity Equity” and “Income Strategy”. “Bitcoin at this stage is best thought of as digital gold yet has many advantages over the […]

Fitch Ratings, one of the “big three” credit rating agencies, has lowered El Salvador’s long-term issuer default rating (IDR). In a Wednesday report, Fitch pinned the nation’s debt repayment capacity at a mere CCC from the previous B-. The downgrade stems primarily from El Salvador’s big bitcoin bet. El Salvador’s Use Of Bitcoin As Legal Tender Is Fraught With Risks […]

Shares of Credit Suisse Group AG were losing around 5 percent in Swiss trading as well as in pre-market activity on the NYSE after the banking major reported Thursday a sharply wider net loss in its fourth quarter with charges and weak revenues, mainly in the Investment Bank. The results were negatively impacted by the Archegos matter, the impairment of […]

The first real estate transaction conducted using the flagship cryptocurrency bitcoin ($BTC) in Colombia has just been made after a Jeff Bezos-backed Latin American real estate platform secured a deal for an apartment in Natura city, in the northern part of the country. According to Valora Analitik, the deal was mediated by online real estate firm La Haus after it […]