In today’s stock market news we talk about the Chinese crypto crackdown, the Delta coronavirus variant, a volatile week and the PSTH stock. No sub yet? No prob:
Today’s stock market news:
Bitcoin continues to fall as China intensifies the crypto crackdown.
A Chinese city with a lot of hydropower clamps down on crypto mining.
Hashrate is declining and regulation becomes harsher.
The CDC says the Delta coronavirus variant could be dominant in the US this summer.
It’s first found in India and has an increased transmissibility.
Total daily new cases in the US are still at a very low level however.
The US dollar faces a volatile week with multiple policy makers talking this week.
Investors will look for indications that the inflation is going to overshoot.
Experts say the Federal Reserve might need to raise interest rates next year.
And Bill Ackman shares more details on the PSTH deal with Universal Music.
The SPAC will become a complicated mixture of three separate companies.
Universal Music will start trading in September 2021 on the Amsterdam stock exchange.
📈 Wanna learn how to read stock charts using technical analysis? Check out https://www.nesami.com/ta
👑 If you’d like to join as a Discord premium member and get access to all of my research, buy/sell alerts and premium videos, check out https://www.nesami.com/discord
👑 If you prefer using Patreon instead of buying directly through my website, you can do so via https://www.patreon.com/nesami
💲 Would you like to earn interest on your crypto AND get a bonus of up to $250 through BlockFi? This is a referral link: if you make an account via this link, I get 0.5% of the amount you deposit in the first 30 days after creating your account.
Nesami provides this video for informational purposes only. None of the information within this video should be interpreted as investment, financial or other advice. The information is of a general nature and does not take into account the circumstances of any particular individual. You alone are responsible for evaluating the benefits and risks associated with the use of any information within this video. Nesami cannot be held liable for any claim for damages arising from any decision you make based on the information within this video.
Tags: bitcoin China, crypto mining China, bitcoin mining China, bitcoin mining hydropower, bitcoin mining hashrate, CDC coronavirus, Delta coronavirus, India coronavirus, inflation Federal Reserve, interest rates Federal Reserve, PSTH stock, Bill Ackman, PSTH Universal Music, PSTH SPAC, stock o’clock, stock news, stock market news, finance news, investing news, business news
Hashtags: #shorts #bitcoin #CDC #coronavirus #FederalReserve #inflation #PSTH #BillAckman #SPAC #stocks #stockmarket #investing
❤️ PS: Like what you’re seeing? Then don’t forget to subscribe!