Bitcoin bull Mark Yusko sees trouble at $60,000, calls the cryptocurrency ‘overbought’ right now

A bitcoin bull is on pullback watch. Hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks. “There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow model says we should,” the … Read more

Op-ed: Why the U.S.-China duo is the most significant, and potentially the most perilous, bilateral relationship in human history

The U.S. and China represent the most significant – and potentially most perilous – bilateral relationship in human history.  Given that reality, neither side is managing their rising tensions with adequate skill or durable strategy. That’s the way Stephen Heintz of the Rockefeller Brothers Fund put it in a conversation with me a couple of … Read more

Scientists question FDA on ‘scant’ J&J booster data and speedy review

Syringes and a box of Johnson & Johnson vaccine. Paul Hennessy | SOPA Images | LightRocket | Getty Images Members of the Food and Drug Administration’s key advisory committee on vaccines criticized the speed with which the agency was reviewing Johnson & Johnson’s Covid booster trials as well as the lack of verified data presented … Read more

Foreclosures are surging now that Covid mortgage bailouts are ending, but they’re still at low levels

A foreclosure sign in front of a house in 2007. Getty Images Foreclosures are starting to surge as government and private sector programs designed to help homeowners deal with the economic fallout of the Covid-19 pandemic have begun to expire. Mortgage lenders began the foreclosure process on 25,209 properties in the third quarter, a 32% … Read more

Social Security cost-of-living adjustment will be 5.9% in 2022

The Social Security cost-of-living adjustment will be 5.9% in 2022, the Social Security Administration announced on Wednesday. The 5.9% COLA will be the biggest boost to Social Security beneficiaries’ checks in about 40 years. In 2021, the Social Security COLA was 1.3%. More than 64 million Social Security beneficiaries will see the increases in their … Read more

House approves debt limit increase that will last through part of December, sends bill to Biden

U.S. House Speaker Nancy Pelosi (D-CA) speaks to reporters during her weekly news conference on Capitol Hill in Washington, September 23, 2021. Elizabeth Frantz | Reuters The House of Representatives on Tuesday approved legislation to raise the U.S. debt limit, the final legislative hurdle to averting a first-ever national default that was otherwise expected to … Read more

IMF cuts its global growth forecast, citing supply disruptions and the pandemic

A man passes by a poster of the annual World Bank Group and International Monetary Fund meetings October 11, 2021 in Washington, DC. Alex Wong | Getty Images News | Getty Images The International Monetary Fund is now less optimistic about the global economy for 2021, but still sees reasonable growth over the medium term.  … Read more

Toymaker Hasbro’s CEO Brian Goldner to take immediate medical leave

Brian Goldner attends the Global Premiere of “Transformers: The Last Knight” at Cineworld Leicester Square on June 18, 2017 in London, England. David M. Benett | WireImage | Getty Images Toy and entertainment company Hasbro has announced that Brian D. Goldner is taking a medical leave of absence from his CEO role, effective immediately. The … Read more

China presses U.S. to cancel tariffs in test of bilateral engagement

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a test of … Read more

U.S. appeals court lets Texas temporarily resume abortion law

A federal appeals court Friday night quickly allowed Texas to resume banning most abortions, just one day after clinics across the state began rushing to serve patients again for the first time since early September. Abortion providers in Texas had been bracing for the 5th U.S. Court of Appeals to act fast, even as they … Read more