Overstock.com soared 25% after Hong Kong-based PE firm GSR Capital announced it would invest as much as $375MM in exchange for equity in the retailer, as well as its tZero blockchain subsidiary at a $1.5 Billion valuation.
“To say we were striving for a one-world government is exaggerated, but not wholly unfair...we couldn’t go on forever fighting one another for nothing and killing people and rendering millions homeless. So we felt that a single community throughout the world would be a good thing."
Average returns from the initial token sale price to the first day’s listed market price on a crypto exchange were found to be a staggering 179 percent, with investors’ holding periods averaging just 16 days.
Companies are citing that wages are rising (due to a tight labor market) and prices for raw materials like steel are rising. Both of these are being reflected in companies’ aims to increase prices of goods and services... inflation is coming.