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‘Crashes are the best times to get rich’ — here’s why Robert Kiyosaki thinks bitcoin’s plunge is great news and how you can take advantage of it Bitcoin is on a wild ride. The world’s largest cryptocurrency soared to $68,990 last November. Now, it’s at around $29,000 — a staggering 58% pullback from the peak. If the downtrend continues, Rich Dad Poor Dad author Robert Kiyosaki says he’s ready to start buying. “BITCOIN CRASHING. Great news,” he tweeted last week. “I am… Source link

Top economists and money managers worldwide are warning that rising consumer prices and falling economic growth are combining to form a deadly recipe for the global economy—stagflation. Some 77% of investment fund managers say they see “below-trend growth and above-trend inflation,” a.k.a stagflation, as the most likely outcome for the global economy over the next year, according to a May survey from Bank of America Global Research. That’s the highest percentage seen since August… Source link

Last year, thousands of pandemic-hit restaurants applied for government aid through the Restaurant Revitalization Fund. But then the program ran dry before everyone in line was taken care of. Now after months of waiting, the Senate has teed up a key vote to replenish the fund with an infusion of an additional $40 billion for restaurants and $8 billion more for other small businesses. The vote is set for as soon as Thursday and faces Republican resistance, but advocates say it could be the… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, May 18, 2022 Getting rid of bots isn’t as easy as it sounds Elon Musk’s $44 billion deal to buy Twitter (TWTR) is in purgatory. The brash Tesla (TSLA) CEO put the purchase on hold May 13, saying, on Twitter, of course, he couldn’t move forward with the acquisition until he can… Source link

Stephen Curry and the Warriors host the Mavericks for Game 1 of the West finals. Seeing the Mavericks maul the Suns on Sunday was one of the most shocking results I’ve ever witnessed. I wonder what will happen in this series because Golden State has had some questionable performances themselves. The Warriors will definitely be the favorite heading in, but this could be the start of something special for Luka Doncic. It does leave us with single-game slates from here on out, but we’re… Source link

Billionaires like Jeff Bezos and Bill Gates are making big bets on farmland — here are 2 effortless ways you can access it, too Fear is taking over. The S&P 500 is down about 16% of its value in 2022, while the tech-heavy Nasdaq has lost 26% over the same period. Investors are worried about rising interest rates, supply chain issues, and an economic slowdown. Billionaires are nervous, too. But they do have access to an asset class that has a proven track record of wealth protection:… Source link

Google’s Russian subsidiary will file for bankruptcy, according to a report from Reuters, with the company stating it can no longer keep the branch. The Russian branch reported making 134.3 billion roubles (about $2.086 billion USD) in Russia in 2021 and employed over 100 workers. “The Russian authorities’ seizure of Google Russia’s bank account has made it untenable for our Russia office to function, including employing and paying Russia-based employees, paying suppliers and… Source link

It doesn’t take a brain surgeon to suss out a host of negatives from the brutal earnings results and conference calls from Target and Walmart this week. All of them come to the same conclusion though: Consumers are being financially battered by inflation and the economy is slowing much quicker than Wall Street economists have factored into their 500-step multi-factor models. “It has been a wild 48 hours in retail,” Jefferies Analyst Steph Wissink said on Yahoo Finance Live (video above). “We… Source link

Placeholder while article actions load Google’s Moscow-based subsidiary plans to file for bankruptcy, a company spokesperson said Wednesday, because Russia’s seizure of its assets has made it impossible to run its business in the country. It has also moved most of its employees out of the country, the company confirmed. The tech giant submitted a notice of intention to declare itself bankrupt, according to Reuters, which cited a filing in Russia’s federal register. Services such as… Source link

Google and Amazon are both set to help build “Project Nimbus,” a mammoth new cloud computing project for the Israeli government and military that is spurring intense dissent among employees and the public alike. Shareholders of both firms will soon vote on resolutions that would mandate reconsideration of a project they fear has grave human rights consequences. Little is known of the plan, reportedly worth over $1 billion, beyond the fact that it would consolidate the Israeli… Source link