Nigel Green News

global trade it pioneered and furthered over several decades. Trump says the levies will bring jobs back to the United States — but executives in the immediate aftermath were focused on possibly raising prices, reducing shipments to the world's largest economy, or just cutting back investment activity outright. «This is how you sabotage the world's economic engine while claiming to supercharge it,» said Nigel Green, CEO of global financial advisory deVere Group. «The reality is stark: these tariffs will push prices higher on thousands of everyday goods — from phones to food — and that will fuel inflation at a time when it is already uncomfortably persistent.» Trump sees tariffs as a way of protecting the domestic economy from unfair global competition and a bargaining chip for better terms for the U.S.

trade policies, analysts have pinpointed top S&P 500 stocks that are likely to see huge growth in the next 12 months. Technology and energy shares lead the pack. As per S&P Global Market Intelligence data, Micron Technology (MU), Super Micro Computer (SMCI) and Devon Energy (DVN) are some of the firms whose shares are likely to rise more than 30 percent.

Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations, as per a report. On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election, IANS reported. According to Nigel Green of deVere Group, «Bitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office». The bullish prediction from Green comes after the cryptocurrency has experienced a staggering 93 per cent price rise year-to-date.

US Fed Meeting Live Updates: The US Federal Reserve is set to announce its seventh policy decision for 2024 on Thursday, November 7, after a two-day Federal Open Market Committee (FOMC) meeting and is widely expected to slash the benchmark interest rate by 25 basis points (bps) or (1/4) quarter a percentage point, broadly in line with Wall Street estimates.In the September meeting, the US Fed slashed the benchmark interest rate by 50 basis points (bps) or (½) half a percentage point to 4.75 per cent-5 per cent for the first time in four years after policymakers expressed confidence that inflation was consistently on track to come near the four per cent target.US Fed policymakers see the benchmark interest rate falling by another half-point (50 bps) by the end of this year, another full percentage point in 2025, and a final half-point reduction in 2026 to end in a 2.75 per cent-3.00 per cent range. One bps is equal to one hundredth (1/100) of a percentage point.A rate cut could lower borrowing costs, including for mortgages and business loans, giving individuals and companies the incentive to spend and invest.

Following the recent landslide election which saw the UK Labour Party win, Prime Minister Keir Starmer has begun appointing members to the new government.

Tulip Siddiq, reportedly set to become the UK’s City Minister, is expected to support tokenization and digital asset initiatives.

Nigel Green, a long-term cryptocurrency advocate and CEO of the deVere Group, sees the landmark SEC approval of 11 spot Bitcoin ETFs on Wednesday sending the cryptocurrency higher — perhaps to $60,000 as soon as the end of March 2024.

Investors are facing a myriad of uncertainties that pose substantial risks to the stability and performance of global markets – but as ever where there are risks, there are also significant opportunities.

The risk-on mood in markets stretched into another day as stocks climbed and the dollar weakened to a 15-month low. 

After reaching impressive heights in late 2021, the world's largest cryptocurrency, Bitcoin, experienced a steep decline, falling from a record-breaking high of $69,044.77 in November 2021 to $16,400 in November 2022. 

Cryptocurrency markets suffered a major setback in 2022 after experiencing a soaring high in late 2021. Bitcoin plummeted from a record high of $69,044.77 in November 2021 to $16,400 in November 2022, resulting in a decline of over 76% amid the FTX collapse, ongoing bankruptcies, and regulation concerns. With these concerns continuing, is the current rally set to continue, and if so, what are the next big altcoins?

There have been several critics of El Salvador’s policy to accept Bitcoin as legal tender. In the past, the International Monetary Fund (IMF) has made several recommendations against the decision. Now, in a recent release, IMF has said that El Salvador should dissolve its $150-million trust fund incorporated at the time of its policy decision. Further adding,