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The US stock market bounced back in a big way this week. With the US and China agreeing to a 90-day tariff pause, investors flocked to Wall Street as a host of companies saw their shares jump in value. The reversal did reignite one ongoing debate between Amazon (AMZN) and Nvidia (NVDA), as both look on pace to join the $4 trillion club. The companies have emerged as two of the strongest brands within the Magnificent 7. Moreover, with the market’s worst days behind them this year, they have exploded to break through the $3 trillion mark. The question is, which will be the first to jump another $1 trillion and set a new all-time record? Source: REUTERS/Gonzalo Fuentes Also Read: Amazon (AMZN) to Eclipse Nvidia (NVDA) by 2030 Thanks to AI? Amazon & Nvidia Racing to History: Which Will Hit $4 Trillion First? The US stock market has performed well this week after months of volatility in the first few months of the year. Specifically, the S&P 500 has jumped for the fifth consecutiv...

BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why. Love him or hate him, when Arthur Hayes speaks, people listen.  Last week, as a guest on Impact Theory with Tom Bilyeu, Hayes made the case for why he believes Bitcoin (BTC) price will hit $750,000 to $1 million by 2026. Hayes said, “I absolutely agree that there is going to be a major financial crisis, probably as bad or worse than the great depression, sometime near the end of the decade, before we get there we’re gonna have, I think, the largest bull market in stocks, real estate, crypto, art, you name it, that we’ve ever seen since WW2.” Hayes cites the nearly-predictable response of the United States government rushing in to intervene in every economic crisis with a bail out as a key catalyst behind the structural problems in the US economy. He explained that this essentially creates an endless cycle of central bank printing, which leads to inflation and prevents the economy from going throug...

According to local media, Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). The Japanese government reportedly plans to permit start-ups to raise public funds through the issuance of crypto , assets, such as currencies, instead of stocks , local media has reported.  According to Japanese financial news site Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). So far, Japan has lagged behind the rest of the world on embracing digital assets. However, this has been changing in recent months. Japan's primary financial regulatory authority, the Financial Services Agency (FSA), made a significant move on August 31, seeking to amend the tax code related to crypto currencies, thereby taking a more active role in crypto currency regulation. The noteworthy move is aimed at exempting local businesses from the year-e...

Fresh off the introduction of a new bill that bans congress members from trading and owning Stocks , Florida Democratic congresswoman Lois Frankel has revealed that she dumped First Republic Bank stock prior to its collapse. Additionally, she purchased JPMorgan stock before JPMorgan purchased First Republic. Source: CNBC According to a financial disclosure report filed on April 28, Frankel sold between $1,001 and $15,000 in First Republic stock on March 16 and then bought between $1,001 and $15,000 in JPMorgan stock on March 22.  Lois Frankel spoke to CNN about the purchases. She says her account “is managed independently by a money manager who buys and sells stocks at his discretion.” Congresswoman Frankel is not facing any investigations. In January, Virginia Rep. Abigail Spanberger and Republican Rep. Chip Roy of Texas reintroduced the bipartisan Transparent Representation Upholding Service and Trust (TRUST) in Congress Act, which bans members of Congress and...