Bitcoin mining is the next big energy industry, says Kadena exec
Kadena’s Evan Owens says Bitcoin miners will evolve into major energy providers — not just operators.
Kadena’s Evan Owens says Bitcoin miners will evolve into major energy providers — not just operators.
(Bloomberg) -- In public, the US oil and gas industry has been supportive of President Donald Trump. But in private, some industry executives are expressing a negative view, highlighting a growing tension between Trump’s energy agenda and the impact of his trade policies.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feel
The House version of stablecoin legislation was released publicly as another bill on crypto clarity was reintroduced and the Senate weighed its crypto IRS effort.
American companies are investing more in their future and getting a better return on their investments than overseas peers, Goldman Sachs said.
Corcept currently trades at $58.76 and has been a dream stock for shareholders. It’s returned 434% since March 2020, blowing past the S&P 500’s 117% gain. The company has also beaten the index over the past six months as its stock price is up 35.8%.
It was really only a matter when, not if, tariff fears cast a pall over Wall Street and global markets again, and so it proved on Wednesday as investors braced for U.S. President Donald Trump's latest announcement on auto tariffs. Earlier, British finance minister Rachel Reeves delivered an update on the country's fiscal and economic health, and as I will explore below, it's a challenging outlook for sterling and UK bonds. Tech is the worst-performing sector inthe S&P 500, losing 2.5%, and with tariff and inflation fearsflaring up, consumer cyclicals lose 1.7%.
The S&P 500 fell 1.1% on Wednesday, March 26, 2025, as tech stocks faltered and the White House prepared to announce tariffs on car imports.
Barclays analysts on Wednesday became the latest to cut their projection for the S&P 500, citing the uncertainty around the Trump administration's tariffs and their potential impact on the U.S. economy.
Investing $100 in Dogecoin in 2014 would be worth $98,400 now, highlighting the force of meme culture, early adoption, and internet-fueled market movements.
In the cryptocurrency sector, the variety of animal-inspired meme tokens continues to grow. Today, these three tokens are up 2%, 4.3%, and 5.8%, respectively, over the past 24 hours as of 3:30 p.m. ET.