Finance Archives - Egeronix Media https://egeronix-media.com/category/finance/ News, Fame, and Stories That Inspire. Thu, 13 Mar 2025 15:44:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://egeronix-media.com/wp-content/uploads/2024/11/cropped-Untitled-design-1-32x32.png Finance Archives - Egeronix Media https://egeronix-media.com/category/finance/ 32 32 European Wine & Champagne Face 200% Tariff Threat from Trump https://egeronix-media.com/european-wine-champagne-face-200-tariff-threat-from-trump/ Thu, 13 Mar 2025 15:43:31 +0000 https://egeronix-media.com/?p=4533 Washington — President Donald Trump has threatened to impose a 200% tariff on European wine and Champagne, escalating trade tensions with the European Union. The move comes in response to the EU’s decision to increase tariffs on American whiskey to 50%. In a post on Truth Social, Trump announced that if the EU does not […]

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]]> Bitcoin Reaches $100,000 Milestone as Trump Names Crypto Enthusiast to Financial Watchdog Role https://egeronix-media.com/bitcoin-reaches-100000-milestone-as-trump-names-crypto-enthusiast-to-financial-watchdog-role/ Thu, 05 Dec 2024 13:41:45 +0000 https://egeronix-media.com/?p=4147 Bitcoin, the world’s leading cryptocurrency, has surpassed the $100,000 mark for the first time, driven by Donald Trump’s latest addition to his presidential team. As of 4:10 am UK time, Bitcoin was valued at $103,280 , marking a 7.9% increase in the past 24 hours, according to XE.com. This milestone comes amidst a buying frenzy […]

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]]> Gold Reaches Record High Amid Mideast Tensions and US Election Uncertainty https://egeronix-media.com/gold-reaches-record-high-amid-mideast-tensions-and-us-election-uncertainty/ Mon, 21 Oct 2024 11:03:01 +0000 https://egeronix-media.com/?p=3774 (Bloomberg)  Gold surged to a new record on Monday as safe-haven demand continued to bolster prices, with traders closely watching the rising tensions in the Middle East and the narrowing US election race. Bullion increased by 0.3%, reaching an all-time high of $2,729.30 per ounce, slightly surpassing last week’s peak. Silver also benefited from the […]

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]]> Donald Trump: Committed to a Bright Future for Crypto and Bitcoin in the USA https://egeronix-media.com/donald-trump-committed-to-a-bright-future-for-crypto-and-bitcoin-in-the-usa/ Sun, 26 May 2024 21:22:55 +0000 https://egeronix-media.com/?p=3548 Former President Donald Trump has reaffirmed his support for cryptocurrencies, declaring at the Libertarian National Convention that he would ensure the future of crypto and Bitcoin “will be made in the USA.” Trump also expressed his support for “the right to self-custody” and assured the audience that he would “keep Sen. Elizabeth Warren (D-Mass.) away” […]

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]]> Bitcoin Hits $70K, Ethereum Soars 12% Following ETF Approval News: Analyst Predicts 75% Chance of Approval https://egeronix-media.com/bitcoin-hits-70k-ethereum-soars-12-following-etf-approval-news-analyst-predicts-75-chance-of-approval/ Mon, 20 May 2024 21:28:50 +0000 https://egeronix-media.com/?p=3537 Cryptocurrency markets are surging due to strong Spot Bitcoin ETF weekly inflows and a significant development suggesting that spot Ethereum ETFs may have a good chance of being approved. What Happened: Major cryptocurrencies are trading higher at the time of writing. Bloomberg senior ETF analysts Eric Balchunas and James Seyffart sent markets into a frenzy […]

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]]> Bitcoin, Ethereum, Dogecoin Continue to Fall as Regulatory Concerns Dampen Investor Sentiment: Analysts Identify ‘Slight Buy Zones’ for Most High-Cap Cryptocurrencies https://egeronix-media.com/bitcoin-ethereum-dogecoin-continue-to-fall-as-regulatory-concerns-dampen-investor-sentiment-analysts-identify-slight-buy-zones-for-most-high-cap-cryptocurrencies/ Wed, 08 May 2024 17:07:31 +0000 https://egeronix-media.com/?p=3469 The cryptocurrency market slid further Tuesday as market sentiment remained weak amid regulatory potshots taken at cryptocurrency entities. What Happened: Bitcoin, the market bellwether, sank to $62,000, following a 1.63% drop in the last 24 hours. The price drop eroded more than $167 million worth of active positions from the market in the last 24 hours, […]

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]]> Victims of FTX Crypto Fraud to Receive Reimbursements, Including Interest https://egeronix-media.com/victims-of-ftx-crypto-fraud-to-receive-reimbursements-including-interest/ Wed, 08 May 2024 16:52:00 +0000 https://egeronix-media.com/?p=3466 Bankruptcy attorneys representing clients affected by the collapse of the cryptocurrency exchange FTX 17 months ago have announced that the overwhelming majority of those impacted will be reimbursed for their losses, plus interest. This development follows the conviction of FTX co-founder and former CEO Sam Bankman-Fried (SBF) six months ago on seven charges of fraud, […]

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]]> How Ripple’s CEO Brad Garlinghouse Foresees the Crypto Market Reaching $5 Trillion by 2024 https://egeronix-media.com/how-ripples-ceo-brad-garlinghouse-foresees-the-crypto-market-reaching-5-trillion-by-2024/ Mon, 08 Apr 2024 14:59:55 +0000 https://egeronix-media.com/?p=3319   On Monday, Brad Garlinghouse, the CEO of Ripple, forecasted that the total market capitalization of cryptocurrencies could escalate to $5 trillion, reinforcing optimistic outlooks for the cryptocurrency market.  Garlinghouse’s confidence stems from key developments in the sector, notably the launch of the first U.S. spot Bitcoin  exchange-traded funds (ETFs) and the anticipated Bitcoin halving event. Having witnessed […]

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]]> Dogecoin’s Value Skyrockets Following a 200 Million DOGE Transfer from Robinhood to an Anonymous Wallet https://egeronix-media.com/dogecoins-value-skyrockets-following-a-200-million-doge-transfer-from-robinhood-to-an-anonymous-wallet/ Sat, 06 Apr 2024 16:32:02 +0000 https://egeronix-media.com/?p=3310 The meme coin Dogecoin  has seen a surge in investor interest and price increases. This resurgence comes after a period of downturns in the broader crypto sphere. A staggering movement of 200 million Dogecoins from Robinhood to an unknown wallet has sparked DOGE’s recent upward price movement. Following this, Dogecoin’s value crossed the $0.18 mark on Saturday, fueling speculation […]

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]]> Disney Shares Surge 50% in Iger-Led Revival: From Mickey to Marvel https://egeronix-media.com/disney-shares-surge-50-in-iger-led-revival-from-mickey-to-marvel/ Thu, 04 Apr 2024 20:09:50 +0000 https://egeronix-media.com/?p=3272 The Walt Disney Co stock has been on a tear the past six months. The stock has returned over 50% to investors, as CEO Bob Iger‘s turnaround plans take the desired effect. So far in 2024, it’s up over 32.50%. Disney stock momentum is due to several catalysts, including: The company’s strong financial performance in the […]

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]]> Warren Buffett Holds $159 Billion in Investments Across Eight Key Artificial Intelligence (AI) Companies https://egeronix-media.com/warren-buffett-holds-159-billion-in-investments-across-eight-key-artificial-intelligence-ai-companies/ Mon, 01 Apr 2024 13:20:00 +0000 https://egeronix-media.com/?p=3225 Warren Buffett said in an interview with CNBC in April 2023 that artificial intelligence (AI) was “extraordinary.” However, Buffett quickly added that he didn’t “know if it’s beneficial.” Whatever the multibillionaire’s opinion of AI is, he has already benefited financially from the technology. Buffett has invested $159 billion in these eight AI stocks — and […]

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]]> Sam Bankman-Fried Sentenced to 25 Years for Fraud and Money Laundering in FTX Case https://egeronix-media.com/sam-bankman-fried-sentenced-to-25-years-for-fraud-and-money-laundering-in-ftx-case/ Thu, 28 Mar 2024 19:43:06 +0000 https://egeronix-media.com/?p=3165 Sam Bankman-Fried, the co-founder and former CEO of cryptocurrency exchange FTX and Alameda Research, received a 25-year prison sentence from Judge Lewis Kaplan of the Southern District of New York, approximately five months after being convicted on all seven charges of fraud and money laundering. Judge Kaplan, with nearly three decades of experience, described Bankman-Fried’s […]

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]]> Traders Predict Rising Bitcoin Dominance, Chart Analysis Shows” https://egeronix-media.com/traders-predict-rising-bitcoin-dominance-chart-analysis-shows/ Thu, 28 Mar 2024 12:18:03 +0000 https://egeronix-media.com/?p=3144 A clear ascending triangle is forming on the Bitcoin dominance chart, signaling a potential surge in Bitcoin’s market share, according to several crypto traders. Some, however, argue it’s going to go the other way. “The BTC dominance train is about to leave the station,” crypto trader and Into The Cryptoverse founder Benjamin Cowen declared to his […]

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]]> Today’s Stock Market Update: S&P 500 Reaches New High, Dow Surges by More Than 475 Points https://egeronix-media.com/todays-stock-market-update-sp-500-reaches-new-high-dow-surges-by-more-than-475-points/ Wed, 27 Mar 2024 20:59:37 +0000 https://egeronix-media.com/?p=3141 US stocks rebounded Wednesday after several days of red closings, as the S&P 500 jumped to a fresh record and the Dow surged more than 475 points. The S&P 500 (^GSPC) was up 0.8% to close at a record of 5,248.50. The blue-chip Dow Jones Industrial Average (^DJI) rose about 1.2%, and the Nasdaq Composite […]

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]]> Shares of Trump’s Truth Social Skyrocket on First Trading Day https://egeronix-media.com/shares-of-trumps-truth-social-skyrocket-on-first-trading-day/ Tue, 26 Mar 2024 16:39:06 +0000 https://egeronix-media.com/?p=3102 Donald Trump’s social media platform Truth Social (DJT) surged more than 30% in its first day of trading on the Nasdaq early Tuesday. Shares of Trump Media & Technology Group, Truth Social’s parent company, were trading above $65 under the ticker symbol “DJT,” Trump’s initials, around mid-morning. The company merged with special purpose vehicle Digital World Acquisition […]

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