St. Louis Fed’s Bullard: Most cryptocurrencies are ‘worthless’

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A top U.S. central banker warned Monday that investors should be careful when investing in cryptocurrencies.

Federal Reserve Bank of St. Louis President James Bullard said Monday that crypto assets have a use case for facilitating transactions that are difficult to make with fiat currencies. But he suggested that there may be too many types of private cryptocurrency projects out there.

“We have a couple of thousand of these around, most of them are worthless,” Bullard told Yahoo Finance in an exclusive interview.

[Read the full transcript here.]

Bullard’s remarks come as crypto markets continue to teeter. At the

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How 28-Year-Old Turned $1,200 Stimulus Check Into $1.3 Million

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  • Ellie Diop, known as “Ellie Talks Money” on social media, is a business coach in Los Angeles.
  • She used her stimulus check to start her coaching business, spending on startup costs.
  • In 10 months, her business generated over $1 million in revenue.
  • Read more stories from Personal Finance Insider.

After being laid off from her job in 2019, Ellie Diop applied and was rejected from over 50 jobs. That’s when she realized she needed to be more creative to provide for her kids as a single mom. But after being unemployed for a year, she did not have much to

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Biden’s wind power announcement creates insurance sector opportunities

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Vestas Wind Systems and its partners have developed a new technology for recycling wind turbine blades.
Image Courtesy of Vestas, (V100-2.0 MW, South Plains, Texas, USA).

In the U.S., the Biden Administration has approved the country’s first large-scale wind project in Massachusetts, the first of many with plans to approve at least 16 more along the East Coast. This concerns the application of wind turbines to turn electric generators for electrical power.

The announcement is based on the goal of installing 30 gigawatts of offshore wind capacity by 2030. In Biden’s announcement he states that hitting this target would create

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Market Wrap: DeFi Token Yearn.Finance Pops 76{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} as Bitcoin, Ether Make Double-Digit Gains

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Cryptocurrencies opened the week jumping big, a reversal from a weekend market dive.

  • Yearn.Finance (YFI) trading around $50,951 as of 21:00 UTC (4 p.m. ET). Jumping 76{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} over the previous 24 hours.
  • Ether (ETH) trading around $2,668 as of 21:00 UTC (4 p.m. ET). In the green 34{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} over the previous 24 hours.
  • Ether’s 24-hour range: $1,970-$2,668 (CoinDesk 20)
  • Bitcoin (BTC) trading around $39,801 as of 21:00 UTC (4 p.m. ET). Gaining 19{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} over the previous 24 hours.
  • Bitcoin’s 24-hour range: $33,141-$39,801 (CoinDesk 20)

DeFi tokens explode

Yearn.finance (purple) and uniswap (yellow) performance so far in 2021.
Source: TradingView

The

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Best Seasonal Business Ideas for Warm Weather

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When the cold weather breaks and the sun begins to stay out later, many enterprising people ask themselves the same question: What are the best seasonal business ideas? After all, higher temperatures mean customers are out and about, looking for a bit of sunshine in their lives after a long and dreary winter.

If you’re in a seasonal business, you know exactly what we’re talking about: Your ice cream shop is jammed with customers, or maybe your taco truck’s seeing lines around the block during lunchtime.

But if you’re looking to start a business that’s seasonal during warm weather months

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Berkshire Hathaway company disrupts construction with modular design

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Now, a new venture from a company inside Warren Buffett’s Berkshire Hathaway conglomerate is taking on the challenge of creating and scaling modular architecture. With the big-budget backing of a parent company that’s worth hundreds of billions of dollars, the initiative may just have a chance to succeed at creating cheaper and faster buildings where so many others have fallen short.

[Photo: Ty Cole/courtesy of MiTek/Danny Forster & Architecture]

There are plenty of hurdles to making this type of construction process work, from the high overhead of building and running factories to the regulatory and labor challenges of getting unconventional

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