Crypto News and Business Insights from Mario Nawfal
Silver falls to $49.10 per ounce, Mario Nawfal notes
Silver has declined to $49.10 per ounce, approaching its major peaks of $49.45 reached in 1980 and $47.91 in 2011. Mario Nawfal pointed out that, unlike at those historic highs, the 14-week RSI ...
Mario Nawfal: Chris Martenson estimates derivatives market at $2 quadrillion
Chris Martenson has estimated that the global derivatives market is around $2 quadrillion in size. He also points to bankruptcy rules that put derivatives payouts ahead of other claims. Mario ...
Alphabet posts its worst ever one-day loss, Mario Nawfal notes
Alphabet shares fell more than 12 percent on Thursday, wiping out roughly $500 billion in value in what was the largest single-day decline in the company’s history. Mario Nawfal reported that ...
Mario Nawfal: Companies may replace office jobs with AI during U.S. recessions
Companies may accelerate the replacement of office jobs with artificial intelligence during U.S. recessions, according to Mario Nawfal. Nawfal, identified as Founder & CEO of IBC Group, added that ...
North Korean hackers linked to $6.36 billion Binance theft, TRM Labs states
North Korean hackers carried out the largest cryptocurrency theft in history, stealing about $6.36 billion from Binance in just 20 minutes. Mario Nawfal, who leads IBC Group, shared that ...
Mario Nawfal: Ukraine debt falls for first time since May, Fitch expects increase
Ukraine's total debt decreased in September, its first decline since May, bringing the figure to about $212.6 billion. Fitch, which rates Ukraine as a very high credit risk, anticipates that the ...
European investment could surge in Hong Kong and China amid unrest, Mario Nawfal notes
European investment in Hong Kong and mainland China could increase as political unrest across Europe and the U.S.-Israeli war with Iran lead people to reconsider where they put their money. ...
Mario Nawfal: Fed keeps rates at 3.75%–4.00% ahead of U.S. midterms
The Federal Reserve has kept its benchmark interest rates unchanged at 3.75%–4.00%, just days before Americans are set to vote in midterm elections that could alter U.S. President Donald Trump's ...
Inflation at 3.7% expected to keep Fed on hold before midterms, Mario Nawfal notes
U.S. inflation has reached 3.7%, and the Federal Reserve is expected to take no action at its meeting on Wednesday, as raising rates just six days before the midterm elections may appear less ...
Mario Nawfal: Typical U.S., German, and British wealth fell since 2020 while Japan saw gains
Median wealth per adult in the U.S., Germany, and the United Kingdom is now lower than in 2020, while the typical Japanese adult is over 50 percent richer, according to the latest Global Wealth ...
Next financial crisis may hit before AI boom rewards people, Peter Schiff warns
Peter Schiff warned that the next financial crisis could hit before the AI boom delivers significant returns. Mario Nawfal spoke with Schiff about rising oil prices, higher borrowing costs, and ...
Mario Nawfal: Brent crude falls 1.3 percent to $115 amid trader caution
Brent crude slipped 1.3% this morning to around $115 after a volatile Friday that sent prices to $117 and marked the highest weekly close in more than 4 years. Mario Nawfal noted that despite the ...
AI may bring prosperity but global risks loom, Mohamed El-Erian discusses
Economist Mohamed El-Erian has discussed the significant risks facing the global economy, including those posed by the rapid advancement of artificial intelligence, increasing debt levels, and the ...
Mario Nawfal: China not expected to surpass U.S. economy soon
China is no longer expected to overtake the United States as the world's largest economy in the near term, reflecting a significant change from forecasts made over the past twenty years. Mario ...
Iran may drive oil to $200 a barrel with Gulf strike, Cenk Uygur warns
Oil prices could rise to $200 a barrel if Iran responds to attacks on its oil fields by targeting fields in the Gulf, according to a statement referenced by Mario Nawfal, founder and CEO of IBC ...
Mario Nawfal: Wall Street shifts from AI stocks to U.S. government bonds as chip shares drop
Wall Street moved away from AI stocks toward U.S. government bonds amid a notable market shift. Mario Nawfal, founder and CEO of IBC Group, highlighted that the Nasdaq 100 fell 2.9% yesterday ...
U.S. to take non-voting stake in Helion with $175 million investment, Mario Nawfal notes
The U.S. government plans to invest $175 million in the fusion startup Helion, which is backed by Josh Kushner’s investment firm and a fund linked to Peter Thiel. Mario Nawfal reported that ...
Mario Nawfal: Foreign investors increased U.S. Treasury holdings by $83 billion in August
Foreign investors raised their holdings of U.S. government debt by $83 billion in August, bringing total foreign holdings of U.S. Treasuries to $9.33 trillion, the sixth-highest level on record. ...
Panel explores Solana future and AI investment boom, Mario Nawfal notes
A recent panel discussed Bitcoin’s market recovery, the AI investment boom, Solana’s future prospects, and the potential for tokenized real-world assets and new blockchain use cases to ...
Mario Nawfal: Fear gauges plunge as chip stocks lose 15.7 percent in eight sessions
Chip stocks lost 15.7 percent over eight sessions, and by Friday CNN's Fear & Greed Index had dropped to 18, deep in 'Extreme Fear,' after the Nasdaq experienced its worst week since June. Mario ...
Online sellers risk losing both product and payment, Mario Nawfal notes
Online merchants may face situations where customers receive a product, dispute the charge, and are refunded, leaving sellers without both the product and the payment. Mario Nawfal, founder and ...
