Author: Press Room
NASHVILLE — Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin strategic reserve currency during his Saturday keynote speech at the biggest bitcoin conference of the year.Instead, the Republican presidential nominee pledged simply to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals.”For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump said at this year’s Bitcoin Conference in Nashville.”If I am elected, it will be the policy of my administration, United States of America,…
“Deadpool & Wolverine” barreled through the $200 million benchmark, cementing the blockbuster as the record holder for the highest grossing opening weekend for an R-rated movie. According to studio estimates, “Deadpool & Wolverine” — the 34th movie in the Marvel Cinematic Universe lineup — has grossed $205 million dollars in domestic sales and $438.3 million globally in its debut. The first Deadpool movie set the record for the highest grossing opening weekend for an R-rated film when it was released in 2016 to roughly $132 million, and “Deadpool 2” cinched the second-place spot with $125 million in domestic sales in…
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Donald Trump said he would end the “persecution” of the crypto industry, sack the chair of the Securities and Exchange Commission, and free a convict the community views as a martyr.In a direct pitch to cryptocurrency devotees at the Bitcoin 2024 conference in Nashville, Tennessee, on Saturday, the Republican candidate promised to end the Biden administration’s “crusade” against bitcoin.“I pledge to the bitcoin community, that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” said Trump.“On day one, I will fire Gary Gensler,” Trump said to a massive roar from the…
A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Democrats’ substitution of Vice President Kamala Harris for President Joe Biden on the ballot in November obviously resets the presidential race. It could also have a major impact on House and Senate races. Both chambers of Congress are narrowly divided at the moment; Republicans hold a slim advantage in the House and Democrats narrowly control the Senate. Either chamber could go either way in November. I went to Simone Pathe, a senior Washington editor for CNN Politics and the…
Before converting a traditional IRA to a Roth IRA, residents of states with income taxes should review how their states will treat the transactions. Under federal tax law, the owner of a traditional IRA can roll over some or all of the account to a Roth IRA. The amount rolled over will be included in gross income, to the extent of its pre-tax contributions and earnings, as though it were distributed. But the amount rolled over stays in the Roth IRA to compound tax free, and eventually the account can be distributed tax free to either the owner or the…
Every aspect of homebuying has gotten more expensive in the years since the COVID-19 pandemic. Home prices have been hitting new record highs for most months and mortgage rates are still hovering in the high 6% range. All these factors have added up to pricey down payments. The average down payment needed needed for a median-income family to afford a typical home reached $127,750, according to Zillow. Instead of the typical 20% suggested by many lenders for conventional mortgages, prospective buyers are now saddled with a 35.4% down payment in order to make an average home affordable. This down payment…
“The Big Short” traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. “I just don’t think Americans have enough gold in their portfolio,” Collins said on CNBC’s ” Fast Money ” in an exclusive interview this week . The three investors are known for their successful bet against the housing market ahead of the 2008 crisis. Collins, who is co-founder of Seawolf Capital with Daniel, referred to massive central bank buying around the world and the U.S. budget deficit as reasons to buy gold. “If you just think about that one…
This is a developing story. Refresh for updates.NASHVILLE — Former president Donald Trump headlines the biggest bitcoin conference of the year on Saturday afternoon, as the race to capture the votes and the campaign cash of America’s frontline fintech adopters takes center stage in the 2024 presidential contest.The Republican presidential nominee will also host an accompanying fundraiser in Nashville, with tickets topping out at $844,600. In June, BTC Inc. CEO David Bailey, who organized the conference, pledged to raise $100 million and turn out more than 5,000,000 voters for the Trump re-election effort, as the bitcoin sector increasingly turns to the Trump camp for support.Trump taking the main stage to directly…
President Joe Biden arrived at the White House in 2021 at a time of heightened chaos and uncertainty across a country reeling from the pandemic. Biden used his inauguration address to promote unity, in hopes of delivering a nation that’s “stronger, more prosperous, more ready for the future.” But, as Biden has acknowledged throughout his time in office, there’s more work to be done. That task could now fall to Vice President Kamala Harris, who inherits Biden’s campaign promises to rebuild the middle class, invest in infrastructure, boost domestic manufacturing and lower health care costs. Since Harris kicked off her…
