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'AI Isn't a Bubble, AI Stocks Are': Peter Schiff Warns as SpaceX Drops 46% From Peak

Peter Schiff warns that an AI bubble may have already burst, as SpaceX and other frontier AI models face stiff competition from the newly-launched Kimi K3 model from China's Moonshot AI startup.

International Business Times UK

Bill Ackman Says 'Never Bet Against Elon' Amid SpaceX's Decline, Explains Why Pershing Square Doesn't Own SPCX

Investment firm Pershing Square Inc. (NYSE:PS) founder Bill Ackman has backed Elon Musk and Space Exploration Technologies Corp. (NASDAQ:SPCX), calling the commercial space flight company a “very interesting business.”

Benzinga

Peter Schiff Says AI Stock Bubble Has Popped Amid SPCX's Decline: 'The Chart Is Not Looking Good'

Economist and Echelon Wealth Partners co-founder Peter Schiff thinks that the artificial intelligence-induced bubble in the U.S. has popped amid Elon Musk-led Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) recent stock decline.

Benzinga

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Adam Schiff Accuses Trump of Getting 'Richer Off the Presidency' Amid Reported $100,000 Truth Social Access Plan

Sen. Adam Schiff (D-Calif.) criticized President Donald Trump over a reported plan to sell faster access to his posts on Truth Social, arguing the president could benefit financially from messages that could influence financial markets.

Benzinga

Peter Schiff Leads Chorus of Critics Calling Trump Media's Paid Market Feed a 'Grift' as Senate Democrats Warn of 'Flagrant Corruption'

Economist Peter Schiff led criticism of Trump Media & Technology Group’s (NASDAQ:DJT) planned Truth API, accusing President Donald Trump’s company of selling faster access to market-moving statements.

Benzinga

Peter Schiff Says Scott Bessent Is 'Misinformed' on Gold Certificate Redemption Claim: 'Why Should We Trust' Fort Knox?

Renowned economist Peter Schiff on Wednesday called Treasury Secretary Scott Bessent‘s remarks during an interview about old gold and silver certificates “misinformed,” questioning the secretary’s understanding of U.S. currency history.

Benzinga

Kevin Warsh's Congressional Debut Like a 'Breath of Fresh Air,' Says El Erian, as Schiff Flags Fed Chair's 'False Claim'

Federal Reserve Chair Kevin Warsh‘s congressional debut as Fed chief sparked mixed reactions from economists after he defended the central bank’s independence and cautioned against declaring victory over inflation.

Benzinga

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Peter Schiff Warns Rising Interest Rates Are a 'Much Bigger' Threat With US Debt Nearing $40 Trillion

Renowned economist Peter Schiff has issued a stark warning regarding the trajectory of the United States’ financial health as the total federal debt has officially surged to a record $39.4 trillion. Commenting on the rising interest rates on the multi-trillion-dollar national debt, Schiff cautioned that the country is rapidly “nearing…

Benzinga

Peter Schiff Says SPCX's Decline Could Spell the End of AI Boom, 'Overpriced' US Stock Market: Ross Gerber Is Not Surprised

Economist Peter Schiff, co-founder of Echelon Wealth Partners, thinks that the decline of Elon Musk-led Space Exploration Technologies Corp. (NASDAQ:SPCX) could signal the end of the artificial intelligence (AI) boom.

Benzinga

Peter Schiff Says Conditions Ripe for a 'Huge Rally' in Gold As Iran War Escalates, Here Are Some ETFs to Watch

Veteran investor Peter Schiff on Sunday said traders were drawing the wrong lesson from the gold selloff during the escalating conflict between the U.S. and Iran.

Benzinga

Oil Prices Surge Amid US-Iran Tensions, Elizabeth Warren Slams 'Corrupt' Trump-Linked Deal and More: This Week in Economy

It’s been an eventful weekend in the world of finance and politics. Here’s a quick recap of the top economic stories that made headlines.

Benzinga

Elizabeth Warren Calls Trump's Big, Beautiful Bill 'Legalized Theft' That Takes From the 'Working People' to Reward the Ultra-Rich

On Tuesday, Sen. Elizabeth Warren (D-Mass.) and economist Peter Schiff shared opposing views about President Donald Trump’s signature tax-and-spending package on social media.

Benzinga

Peter Schiff Explains Why Michael Saylor Sold 3,588 BTC Instead of More Stock to Fund Dividend Payments

Bitcoin prices were muted despite a surge in trading volume after Strategy sold BTC to pay dividends, sparking market concerns around the sustainability of its preferred dividends.

International Business Times UK

Trump Says 'Something Could Happen' About Bitcoin in 'Trump Accounts' — Peter Schiff Posts Crypto Donors 'Called in a Favor'

Anthony Pompliano, CEO of Professional Capital Management, shared a humorous Oval Office moment on Monday where a reporter spotted him and asked President Donald Trump about including Bitcoin (CRYPTO: BTC) in the “Trump Accounts.”

Benzinga

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Benzinga

Trump Says First 500,000 'Trump Accounts' Are Funded as Economist Warns There Is 'Nothing to Celebrate' as Kids Will Also Inherit the Debt

On Monday, President Donald Trump said the federal government has deposited the first $1,000 into more than 500,000 newly created “Trump Accounts,” launching a program aimed at giving eligible American newborns an early start in investing.

Benzinga

Michael Saylor's Strategy Sold 3,588 Bitcoin at a Loss: What Is Happening?

Strategy Inc. (NASDAQ:MSTR) sold 3,588 Bitcoin (CRYPTO: BTC) for roughly $216 million last week to fund preferred stock dividends, with MSTR falling 5% in pre-market trading after the announcement.

Benzinga

MSTR Stock Stages Relief Rally as Peter Schiff Calls Out Michael Saylor

Strategy (NASDAQ:MSTR) stock rose for four consecutive days, reaching its highest level since June 24. This rebound happened as Bitcoin (CRYPTO: BTC) jumped from the year-to-date low of $57,828 to nearly $63,000, and after Michael Saylor highlighted the strategy to ensure financial stability.

Benzinga

Trump Says 'Everybody's Profiting' in Response to $1 Billion Crypto Windfall: Peter Schiff Comes Back With 'Everybody Named Trump Is Profiting'

President Donald Trump responded on Wednesday to the disclosure of his billion-dollar cryptocurrency income, stating that the investments are handled by institutions with which he has no direct communication.

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International Business Times UK

'I Was Wrong': Robert Kiyosaki Admits Gold Call Failed but Still Predicts $35,000

Robert Kiyosaki admitted he made a mistake in predicting a gold price trend reversal, soon after claiming earlier he had mastered technical chart analysis after learning for years.

International Business Times

Michael Saylor Signals Another Bitcoin Buy. The Same Week Strategy Filed to Sell $1.25 Billion

On Sunday, June 29, Michael Saylor posted Strategy's Bitcoin acquisition tracker to X with the caption "We're gonna need more charts,"

International Business Times UK

Why is Bitcoin Falling? $3.5 Billion of BTC Outflows Across Major Exchanges and Funds in Two Hours

Bitcoin prices dropped significantly as $3.5 billion worth of BTC wallet outflows were recorded on Wednesday in a span of two hours amid the tech sector selloff.

International Business Times UK

Peter Schiff vs. Michael Saylor: Gold Bull Calls Strategy's $STRC a 'Ponzi Scheme'

Economist Peter Schiff criticises Michael Saylor for allegedly misleading retirees about STRC stock's volatility, highlighting its significant price drop and questioning the sustainability of its dividends.

International Business Times UK

Gold Drops Below $4,000 After Sharp Selloff: Experts Urge Investors to Buy

Gold and silver prices have sharply declined due to a stronger US dollar, changing interest rate expectations, and easing geopolitical concerns, with gold falling below $4,000 per ounce.

International Business Times UK

'Bitcoin Should Crash': Peter Schiff Warns as Tech Rally Cracks and Investors Rush to Gold

Financial expert Peter Schiff predicts a tech stock downturn may trigger a Bitcoin crash, while gold prices are set to rise as investors turn to safe-haven assets.

International Business Times UK

Bitcoin Dips Below $66,000 Amid AI Rally — Why Some Analysts Eye $50,000 Next

Bitcoin prices fell below $66,000 on Wednesday, with analysts warning of further declines amid shifting sentiment and upcoming IPOs.

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