Bitcoin Returns Above $30K; Resistance at $35K

Lower support is seen at the 200-week moving average, which is currently at $21,954. A break below that level would yield a downside target toward $17,673, which would be a 74% drop from the all-time high of nearly $69,000 achieved last November. Bitcoin fell 83% … Read More

This is the most valuable car in the world

Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG, and Renata Jungo Brüngger, Member of the Board of Management of Mercedes-Benz Group AG with the Mercedes-Benz 300 SLR Uhlenhaut Coupe. A unicorn in the collector car world just went under the hammer, … Read More

Elon Musk Meets With Brazil’s Jair Bolsonaro

Brazilian President Jair Bolsonaro arrives to a resort hotel where he is expected to meet with Elon Musk in Porto Feliz, Brazil on Friday.Photo: Andre Penner (AP) There’s a lot of scandals hitting Tesla CEO Elon Musk all at once, but at least he knows … Read More

Demand destruction is the only way to stop increases, says trader

Gasoline prices will stop rising once consumer demand destruction kicks in, according to one energy trader. “It’s become really evident that the only thing that is going to alleviate these price rises is demand destruction,” CIBC Private Wealth U.S senior energy trader Rebecca Babin told … Read More