Tag Archives: trillion

Crypto market cap touches trillion dollar mark for first time since early November

Crypto market cap touches trillion dollar mark for first time since early November

The total market capitalization of cryptocurrencies rose above $1 trillion on Wednesday morning for the first time since November 8. This latest rally in crypto has been led by bitcoin (BTC-USD), which briefly spiked to as high as $21,501 as of 9:15 a.m. ET. Bitcoin is up more than 20% from where it traded just one week ago and has gained roughly 30% so far this year. Shortly after hitting his milestone, crypto prices dropped along with broader markets. Near 12:20 p.m. ET, bitcoin was trading… Source link

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A net-zero world could generate $10.3 trillion by 2050, new report finds

A net-zero world could generate $10.3 trillion by 2050, new report finds

The green transition could spur huge economic gains as the world looks to curb climate change, a new report finds. A study from Oxford Economics and Arup estimated that green industries could add $10.3 trillion to the world’s economy — or 5.2% of global GDP — by 2050 under a net-zero scenario. The report made the case that governments and businesses, under increasing pressure from costly climate-related weather events, may begin to see a rapid transition away from fossil fuels as a net… Source link

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Tesla valuation reaching $4 trillion is ‘quite a bit of a stretch,’ analyst says

Tesla valuation reaching $4 trillion is ‘quite a bit of a stretch,’ analyst says

Elon Musk’s latest lofty prediction for Tesla (TSLA) looks pie in the sky, even by his standards. “I see a potential path to be worth more than Apple and Saudi Aramco combined,” Musk proudly proclaimed on the company’s earnings call on Wednesday. Doing the math, that would put Tesla’s worth at about $4 trillion at some point. Tesla’s current market cap is $652 billion, according to Yahoo Finance data. Analysts say that valuation may not happen for eons, if at all. “That seems quite a bit of a… Source link

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$3 trillion in savings may push the Fed to keep raising rates: economist

$3 trillion in savings may push the Fed to keep raising rates: economist

Americans were sitting on $815.3 billion worth of savings as of April. This may be good news for consumers individually, but bad news for the Federal Reserve, whose efforts to slow inflation could be delayed by this extra pile of cash lying around. “The problem is there is so much cash on household sector balance sheets and corporate sector balance sheets that it’s going to take more rate hikes to slow the economy down, simply because the starting point is a level of cash that is much higher… Source link

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The crypto market has now lost $2 trillion in value. Here are 5 shocking facts from crypto’s Black Monday

The crypto market has now lost $2 trillion in value. Here are 5 shocking facts from crypto’s Black Monday

Investors had nowhere to hide on Monday as both the stock market and cryptocurrencies tumbled. The rout followed yet another report of high inflation on Friday that has investors concerned the Federal Reserve will continue its aggressive interest rate hikes, thereby increasing the odds of a U.S. recession. The cryptocurrency market saw its total market cap drop by roughly 12% on Monday to just $980 billion. The sector as a whole has now seen more than $2 trillion in losses since its November… Source link

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Google Cloud employee calculates pi to 100 trillion digits

Google Cloud employee calculates pi to 100 trillion digits

Google Cloud developer advocate Emma Haruka Iwao has beaten her own record from three years ago for the number of digits calculated for pi. In 2019 she was able to calculate pi to its 31.4 trillionth digit, and now, using the same Google Cloud y-cruncher program Iwao was able to find pi to its 100 trillionth digit, which is zero. After starting the process in October 2021 it took the computers until March 2022 to finish. At 157 days, compared to 121 days spent figuring out a shorter… Source link

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A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs

A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs

(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Most Read from Bloomberg Americans’ collective net worth had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of Covid-19. Households piled up an extra $38.5 trillion from early 2020 to the end of last year, bringing their collective net worth to a record $142 trillion, the Federal Reserve estimates. Just… Source link

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Wells Fargo Sees a $1.5 Trillion Opportunity for Fintech Companies; These 2 Stocks Are Set to Benefit

The digital revolution has changed the world in just the last decade and a half, spawning new technologies, new ways of using technologies, and bringing old businesses into the 21st century. Nowhere is this more obvious than in the financial sector. Banking and financial services have benefited enormously from bringing tech into the mix – and their gains have given us a new word to describe it, fintech. 5-star analyst Jeff Cantwell, of Wells Fargo, lays out the upside case for fintech in no… Source link

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Stock Traders Brace for a $3.5 Trillion ‘Triple Witching’ Event

(Bloomberg) — Wall Street traders are bracing for fresh equity-market fireworks Friday after another week of global turbulence. Most Read from Bloomberg In a quarterly event known as triple witching, roughly $3.5 trillion of single-stock and index-level options are set to expire, according to Goldman Sachs Group Inc. At the same time, more near-the-money options are maturing than at any time since 2019 — suggesting a bevy of investors will actively trade around those positions. And once… Source link

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Why Russia-Ukraine crisis isn't stopping this $10 trillion asset manager from buying stocks – Yahoo Finance

A good buying opportunity into a stock market well off its highs has taken shape, argues BlackRock Investment Institute Global Chief Investment Strategist Wei Li and her team. The rationale: the escalating situation between Russia and the West will likely mean a slower pace of interest rate hikes from global central banks. “We see fast-rising energy prices exacerbating supply-driven inflation, both delaying and raising its peak. We think central banks will need to normalize policy to pre-Covid… Source link

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