Tag Archives: payments

(Bloomberg) — Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency. In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won’t be selling any of the Bitcoin it… Source link

Tesla CEO and self-dubbed Technoking is back-peddling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency. The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “Master of Coin” Zach Kirkhorn said the company believes in the longevity of bitcoin, despite its volatility. The tweet from Musk sent the price of bitcoin down more than 4% (and falling). The price of bitcoin is down more than 7%… Source link

TipRanks 3 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ Investing is all about profits, and part of generating profits is knowing when to start the game. The old adage says to buy low and sell high, and while it’s tempting just to discount cliches like that, they’ve passed into common currency because they embody a fundamental truth. Buying low is always a good start in building a portfolio. The trick, however, is recognizing the right stocks to buy low. Prices fall for a… Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

Google is enabling cross-border payments within the Google Pay app through integrations with Western Union and U.K.-based remittance firm Wise. In the rollout’s first phase, U.S.-based Google Pay users may initiate transfers from the U.S. to India and Singapore by tapping “Pay” and choosing Western Union or Wise, with other countries to be added soon, the companies announced Tuesday. U.S. Google Pay users will be able to send funds through the app to 200 countries via Western Union and 80… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

Bloomberg FX Investors See Metals as a Way to Get In on Biden’s Trillions (Bloomberg) — As lawmakers wrangle over President Joe Biden’s latest trillion-dollar stimulus package, currency investors are already picking the winners of the infrastructure spending boom that the plan is likely to unleash.They’re focusing on countries that are major sources of the copper needed to bolster the electrical grid, the iron ore for steel rebar, and nickel for battery-powered vehicles. For those who… Source link

The Internal Revenue Service is on track to send the monthly advanced payments for the Child Tax Credit (CTC) starting in July, according to IRS Commissioner Charles Rettig. The payments are worth up to $300 per child. The agency is also launching a portal where taxpayers will be able to update their information by July 1. “We will launch by July 1 with the absolute best product we are able to put together,” Rettig told the Senate Finance Committee on Tuesday. “We might need to adjust… Source link

The Daily Beast Texas Lifestyle Coach and QAnon-Obsessed Boyfriend Nabbed for Capitol Riot Criminal ComplaintA Texas lifestyle coach and essential oils guru has been charged after storming the U.S. Capitol on Jan. 6 with her QAnon-obsessed boyfriend who documented “patriots [going] to war” on his social media.Elizabeth Rose Williams, a Kerrville, Texas resident, and her boyfriend, Bradley Stuart Bennett, were arrested last week for violent entry and disorderly conduct and knowingly… Source link

More stimulus checks are on the way through direct deposit and the mail. The Internal Revenue Service and U.S. Treasury said Monday that the next batch of Economic Impact Payments will be issued this week with many coming as paper checks or prepaid debit cards. Some direct deposits began processing Friday with an official pay date of Wednesday, March 24. Additional payments are expected to be released on a weekly basis going forward, the IRS said in a news release. “The IRS continues to send… Source link