 Your daily source for trading strategies, tech news, and politically incorrect humor. Hey there, Bullets Fans – Your Morning Bullets Brief Updates are here! And that means trivia is, too. On this day in 1965 the man would go on to create Dell Computer Corporation in 1984 was born. What is his name? Think you know the answer? You can check it in the closing area down below!  Image Source: Morning Bullets Stock futures were nothing to write home about this morning, with sagging tech stocks dragging the Nasdaq down about 1.4%. The dip follows yesterday’s nearly 2.5% decline. Meanwhile, the S&P 500 slipped 0.8% yesterday and the Dow Jones Industrial Average managed a slight increase. And the chairman of the Federal Reserve delivers testimony today and tomorrow before the Senate Finance Committee and the House Financial Services Committee, respectively, regarding the state of the economy. Investors are anxiously awaiting this address as their fears about inflation grow. And the world’s largest digital currency fell 12% this morning, with the price of a single coin now less than $50,000 (more on that story, below). Shares of Tesla are also continuing to drop. And, although Home Depot and Macy’s both reported earnings that beat expectations, only shares of Macy’s increased during premarket trading. The CFO of Home Depot made a comment about how the pandemic’s longevity might impact consumer spending, which brought shares down. And finally, the electric car maker known as Lucid Motors goes public. What else do you need to know as you start your day this morning?
Other News That Matters To You: The story behind this obscure 18-digit code could totally change your life
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This morning the value of the world’s largest digital currency fell to less than $900 billion after peaking at $1 trillion last week.
The cost to buy a single coin was, as of 5:30 a.m. this morning, $45,821–a decline of 15% in a single day.
Yesterday Treasury Secretary Janet Yellen called the currency an “extremely inefficient way of conducting transactions.”
“It is a highly speculative asset and you know I think people should be aware it can be extremely volatile and I do worry about potential losses that investors can suffer,” she said.
That said, the currency is still up over 60% since the beginning of 2021, and price swings of this magnitude are common in the crypto world.
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