News

Economists are sounding the alarm over the threat of a recession in the U.S. as uncertainty reigns over tariffs and the job market begins to feel pressure from layoffs.

Strategy has outperformed every other company in the S&P 500 since August 2020. As seen in the chart, even tech superstar Nvidia (NASDAQ: NVDA), up a staggering 855%, has been unable to keep up with Strategy. Strategy's impressive gains, of course, have coincided with its decision to embark on a massive Bitcoin buying binge that started in August 2020.

Polymarket traders are betting against Bitcoin reaching $200,000 by March 31, with odds falling below 1%.

XRP rose 5% following a strong week for closely-related Ripple Labs, which bagged a payments license in the UAE and, per sources, is said to be on track for a close of its long-running court case against the U.S. Securities and Exchange Commission.

Goldman Sachs, an American multinational bank, has acknowledged cryptocurrencies for the first time in its annual shareholder letter. While skeptical of crypto, the firm has raised its Bitcoin investment by 15%.

China's securities watchdog will step up monitoring fake information in the stock market and work with the police and cyberspace regulators to crack down on those who disseminate false news, which is being made easier by AI, official media reported on Saturday. Regulators will "hit early, hit hard, and hit at the heart" of the issue, the Securities Times said. Artificial intelligence has become a new tool for creating and spreading misleading information to con investors or manipulate stocks, luring investors with the prospect of getting rich quickly, the Shanghai Securities News said in a separate article.

Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla.