The Market Marauder Show

An early stock market rally on Wall Street went thud on Wednesday following confirmation of the first case of COVID-19 linked to the newly discovered variant Omicron in the U.S. The Dow had been up more than 500 points, or almost 2%, by late morning Wednesday, but reversed course on the latest pandemic news and dropped 900 points to end the day down 1.34%, at 34,022. Six more U.S. states confirmed...

Federal Reserve Chairman Jerome Powell indicated Tuesday that the central bank could step up the removal of its efforts to boost the economy as it battles escalating inflation pressures. In an appearance before a Senate committee, the Fed chief said he thinks reducing the pace of monthly bond buys can move more quickly than the $15 billion-a-month schedule announced earlier this month. Tapering re...

JPMorgan has taken a dive straight into non-fungible tokens (NFT). The megabank gave away NFTs to attendees of its first “Crypto Economy Forum for TradFi Investors” event, which was held at the Wall Street giant’s New York headquarters earlier this week. Riot Blockchain (RIOT), one of the world’s largest bitcoin miners, raised its 2022 guidance for its mining power to 9.0 exahash per second (EH/s)...

The Biden administration is tightening travel rules to and within the U.S., requiring all in-bound international passengers to test for Covid within 24 hours of departure starting on Monday and extending its mask requirement on planes and public transportation through March 18. Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce...

Crypto investment firm Hashed has raised $200 million for a fund dedicated to growing the Web 3 ecosystem, the company announced Wednesday. The fund is a sequel to the company’s $120 million fund announced last December. While the South Korea-based company did not disclose investors, it said the raise included investment from “the largest Korean IT companies, multi-discipline conglomerates and glo...

The CDC said Wednesday it has confirmed the first U.S. case of the new, heavily mutated coronavirus variant called omicron, which was detected in Northern California. White House chief medical advisor Dr. Anthony Fauci said the patient, who was fully vaccinated, had just returned to the San Francisco area Nov. 22 after traveling in South Africa and tested positive Nov. 29. The Dow Jones Industrial...

Web 3.0 is  the new buzz word in the crypto space. Web 3.0 is the upcoming third generation of the internet where websites and apps will be able to process information faster then before using machine learning and big data. Web 3.0 will be used to connect everyone to there devices and to the rest of the world. Web 3.0 is most closely related to Siri, Alexa and Bixby that are currently out now...

El Salvador Buys 100 more Bitcoin as Crypto Market Falls. They bought as the price dips to about 54k per coin. El Salvador’s President Nayib Bukele said in a tweet that he bought the coins at “a discount.” A plot of land in Axie Infinity, an animated, metaverse pet-training game, sold for $2.5 million on Thursday, according to a tweet on the game’s Twitter account. The 550 ETH sale was the highest...

The New Variant called Omicron has began to spread in South Africa. Once news of the new variant spread the market began to tank. The world’s major manufacturers of Covid-19 vaccines said Friday that they are working to quickly investigate and adapt their shots to a new and highly mutated strain of the virus. The World Health Organization on Friday said the new strain, named omicron, is a “variant...

Pfizer on Tuesday submitted its application to the Food and Drug Administration for emergency authorization of its Covid-19 treatment pill, saying it reduces hospitalization and death by 89% when administered with a common HIV drug. If authorized by the FDA, the pill could help revolutionize the fight against Covid by allowing high-risk people infected with the virus to take an oral antiviral drug...

What started as a pie-in-the-sky dream last Thursday to form a DAO to bid on a copy of the Constitution has since become a full-on movement that’s attracted nearly $4 million in donations. “ConstitutionDAO” insiders now believe they have a real chance at actually winning the forthcoming auction at Sotheby’s. Canadian crypto miner Hive Blockchain reported record revenue of US$52.6 million in its fi...

President Joe Biden signed the more than $1 trillion bipartisan infrastructure bill into law on Monday, checking off the first piece of his party’s sprawling economic agenda. The package will put $550 billion in new funds into transportation, broadband and utilities. Biden’s signature follows years of failed efforts in Washington to overhaul physical infrastructure, improvements that advocates hav...

Congress passed a $1.2 trillion bipartisan infrastructure bill known as the Infrastructure Investment and Jobs Act (the Bill).1 The Bill includes $550 billion in new spending on infrastructure over the next five years.2 The Bill was initially passed by the Senate in August, but was stalled in the House of Representatives for months as House Democrats worked through disagreements over whether to ti...

AMC Theatres, the largest movie theater chain in the U.S., will now accept bitcoin, ether and other cryptocurrencies for online payments, CEO Adam Aron said. Following reports in August that AMC would be accepting crypto for tickets and concessions later in the year, Aron confirmed that the service is now in operation. “As promised, many new ways NOW to pay online at AMC. We proudly now accept: dr...

Health-care conglomerate Johnson & Johnson announced plans Friday to split its consumer products business from its pharmaceutical and medical device operations, creating two publicly traded companies. The news sent shares higher in premarket trading. The separation will sheer off its household products unit, maker of Band-Aid bandages, Aveeno and Neutrogena skin care products, and Listerine, f...

Twitter has tapped Tess Rinearson to lead its new cryptocurrency team. Prior to joining Twitter, Rinearson worked at Tendermint on the consensus engine Tendermint Core, and previously worked at the software payments firm Interstellar. The Terra community on Tuesday night passed a popular proposal to burn about 88.7 million terra (LUNA) tokens, worth roughly $4.5 billion at current prices, and mint...

Elon Musk is selling a block of Tesla shares via a plan that he set in motion on September 14 this year. The sales amount to more than 930,000 shares worth over $1.1 billion. He still holds more than 170 million shares. Musk sold these shares in part to satisfy tax obligations related to an exercise of stock options. Before the sale plan was made public, Elon Musk asked his 62.5 million Twitter fo...

Bitcoin, the oldest cryptocurrency, on Monday blew past $67,000 for the first time, hitting $67,523.28 in recent trading. The markets have been in a bull mode since the beginning of the October, as the crypto market in total has added nearly $1 trillion to its total value in just a month. Mastercard has formed partnerships with digital asset service companies Amber Group, Bitkub and CoinJar in ord...

Macy’s is the latest retailer to sweeten its benefits and wages in a bid to attract talent in a tight labor market. The department store chain said Monday it will raise its minimum wage, for new and current workers, to $15 per hour by next May. Once the higher pay is in effect, Macy’s average base pay will be above $17 per hour, and average total pay will be $20 an hour, the company said. Roblox w...

Payments firm Square said in its third-quarter earnings letter Thursday that its peer-to-peer payment service, Cash App, generated $1.82 billion of bitcoin revenue in the quarter and $42 million of gross profit, up 115% and 29% year over year, respectively. Bitcoin revenue and gross profit decreased in the third quarter versus the second quarter, however, Square said, citing the “relative stabilit...

Electric vehicle start-up Rivian Automotive raised the expected IPO price of its shares on Friday. Rivian now plans to offer 135 million shares priced between $72 and $74, up from $57 to $62, according to an updated securities filing. At the top end of that current range, and assuming underwriters exercise an option to purchase 20.25 million additional shares, Rivian would be worth more than $65 b...

Last week Facebook changed there name to Meta and announced that they will be building out the metaverse. Coins dealing with the metaverse are starting to rally after the news. In this video I will be explaining the metaverse, how it works and projects that have already built metaverse projects. The metaverse is an ever growing ecosystem that will revolutionize the way we look at technology. With...

Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with rental car company Hertz. The tweet from Musk seemingly contradicted a prior announcement and advertisement released by Hertz on Oct. 25. Hertz says Tesla has already started delivering cars into its rental fleet, even though Tesla CEO Elon Musk tweeted Monday night that the automaker hasn’t...

An investor put his $28,000 life savings into a crypto called SQUID named after the popular Netflix series "Squid Game". The coin hit a high of $2,860 per coin right before being rug pulled by the founders. OLB Group trading under the ticker ($OLB) said that they will be immediately ready to accept bitcoin payments from payment provider Mastercard. Mastercard earlier last month announced that they...

Electric vehicle start-up Rivian Automotive is targeting a market valuation of as much as $54.6 billion in its upcoming initial public offering, according to its amended prospectus filed Monday. The company said it plans to offer 135 million shares priced between $57 and $62, with an option for underwriters to purchase up to 20.25 million additional shares. At the high end of that range, Rivian wo...