The UK is in the throes of the kind of labour unrest not seen for decades. This is visible in the railways, London Underground and British Airways. Teachers and other public sector workers may join in. The explanation for this is clear. Unanticipated inflation delivers losses everybody wants to recoup. This triggers social conflict. Yet
Month: June 2022
The video game market is growing at a staggering pace. As investors sour on video and music streaming firms, both of which are now worth less than the gaming market, big tech has been setting their sights on gaming, and it’s not a mystery as to why. Graphical capabilities are getting better with time, and
Sharing is Caring! by confoundedinterest17 Alarm! No problemo, says James “Bully” Bullard, President of the St Louis Federal Reserve. Bullard said that US recession fears are overblown with consumers “healthy.” Really Jim? Inflation is so bad they REAL average hourly earnings growth keeps falling and is now -3.34% YoY. Apparently, real GDP growth of ZERO doesn’t
Yuga Labs has finally broken its silence over the conspiracy theory that alleges the team embedded alt-right and Nazi memes/imagery into the artwork and branding behind the Bored Ape Yacht Club (BAYC). As Cointelegraph previously reported, the BAYC conspiracy theory was once again brought into the limelight on June 20 after YouTuber Philion published a
While he was President, Gerald Ford was often mocked for alleged physical ineptitude. He acquired a reputation as a clumsy, likable and simple-minded everyman; an incident in 1975, when he tripped while exiting Air Force One in Austria, was famously and repeatedly parodied by Chevy Chase on Saturday Night Live, cementing Ford’s image as a
As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. Black Market in Fuel Driving Inflation The inflation rate in crisis-torn Lebanon
Municipals were little changed in a quiet summer Friday session ahead of a larger new-issue calendar and the final week of a volatile month, while U.S. Treasuries were weaker and equities rallied. Triple-A yield curves were mostly flat to a basis point or two stronger in spots while UST were weaker with larger losses on
BUDAPEST — The U.S. shattered the record for world swimming championships medals, winning eight more on the final day to finish with 45. It held the previous record of 38 from 2017. The U.S. closed out competition Saturday with gold in the men’s 50m backstroke (Justin Ress, who was disqualified, then had it overturned on
Gold should rally, especially since… by Arkadiusz Sieron of Sunshine Profits Last week, the Fed provided the steepest rate hike in three decades. Although it was an extremely hawkish move, gold prices… increased! It was the historic FOMC meeting! Despite Powell’s earlier rejection of such a scenario, the US central bank raised the federal funds rate by 75 basis points last week
The sports betting industry rakes in hundreds of millions of dollars each year, thanks to a loophole in the law against gambling. While there are several different fantasy sports sites out there, two startups have capitalized on the growing number of sports fans looking for a quick and easy way to get involved with fantasy
There was a second explosive charge hidden within the bombshell Supreme Court ruling that gutted abortion rights across America. “In future cases,” wrote Clarence Thomas, the 74-year old conservative justice, “we should reconsider all of this Court’s substantive due process precedents.” With that single phrase, Thomas raised the fears of liberal America that the country’s
As this week’s Wimbledon tennis championship has neared there has been a lot of fretting about Rafael Nadal. Have doctors fixed the Spanish star’s dodgy left foot? Would he be distracted by his wife’s pregnancy with their first child? Could he really repeat his wins at this year’s French and Australian Opens? Happily for Nadal
Every day seems to offer more turmoil in the crypto space and now crypto hedge fund Three Arrows Capital’s (3AC) troubles have spilled further afield. On Wednesday, shares of Voyager Digital (VYGVF) nosedived by 53% after the crypto platform revealed the extent of its exposure to 3AC – around $660 million in loans apparently. Voyager
Sharing is Caring! By and large, market commentators now begrudgingly concede that the odds of a US recession occurring over the next 12 to 24 months are very elevated. Generally speaking, though, they stubbornly insist any downturn will be mild. Such wishful thinking is “a spurious landmark we pass at this stage in the cycle
The prerequisites to run a Bitcoin Lightning node include an amount of Bitcoin to fund your Lightning channel, fiat money to buy the hardware equipment(s), and a Lightning-compatible wallet. Remember that Lightning nodes are non-mining nodes, which means you aren’t mining Bitcoin but are vital to validating Bitcoin blocks. Validation Nodes are the most common
Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than originally planned.
Topline The share prices of U.S. gun- and ammunition makers shot up Thursday after the Supreme Court struck down a New York law restricting concealed carry, the widest expansion of gun rights in over a decade that could lead to further rollbacks across the nation. Key Facts In a 6-3 ruling on Thursday, the U.S.
Puerto Rico bankruptcy Judge Laura Taylor Swain this week approved key Puerto Rico Highways and Transportation Authority bankruptcy documents and dates, moving the plan closer to confirmation with a final hearing set for mid-August. Swain filed her order Wednesday in the U.S. District Court for Puerto Rico, approving the Oversight Board-proposed disclosure statement, ballots, and
Sydney McLaughlin broke the world record in the 400m hurdles for the third time in the last year, this time at the USA Track and Field Outdoor Championships. The Olympic champion clocked 51.41 seconds in Eugene, Oregon, bettering her previous record of 51.46 from the Olympics. In all, McLaughlin has brought the record down from
It would be difficult to overstate the seriousness of this problem… by Michael Snyder of The Economic Collapse Blog Almost everyone has heard about the rapidly growing global energy crisis by now, but most people assume that this crisis will eventually go away because they think that authorities have everything under control. Unfortunately, that is
Bonds are loans to corporations, municipalities, or other entities. Investors loan their money to the entity and later receive interest on their principal. Bond exchange-traded funds (ETFs), unlike stock ETFs, are fixed-income funds that let investors earn income from interest payments. Many bond ETFs focus on municipal, corporate, government, and international debt, while others track
Iran and the EU said talks to revive the 2015 nuclear accord between the Islamic republic and leading global powers would restart “in the coming days”, beginning with indirect talks between Tehran and the US. “We are ready to resume the talks,” Hossein Amirabdollahian, Iran’s foreign minister, said on Saturday at a joint press conference
Russia launched a barrage of missile strikes on Ukraine early on Saturday, stepping up hostilities a day after Ukrainian troops retreated from the embattled city of Severodonetsk. As Russia’s full-scale invasion of Ukraine entered its fifth month, regional governors reported strikes on military bases in western Ukraine’s Lviv region, in Zhytomyr west of Kyiv, and
Add Napa wineries, tours of Petra and a stay in a Versailles hotel to the list of perks Bank of America’s biggest spenders can now expect. In the high-stakes battle for affluent clients, the bank is rolling out a host of travel sweeteners to ultra high net worth customers. It has partnered with luxury travel
Following a pandemic-driven two-year hiatus, this week (June 21-24), Amazon (AMZN) re:MARS, the company’s global event for machine learning, automation, robotics, and space (MARS) event is back. This event differs from AWS re:Invent in that it centers on innovations with a longer-term timeframe rather than more in the here and now. “However,” says Monness analyst
In this article KBH OXY RAD CSA-FF DRI FDS Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut
Conversational AI systems in the metaverse resemble human-to-human communication. Voice assistant AI has found its way to the metaverses of the new era, powering use cases like lifestyle assistance and personalized recommendations. For instance, rather than driving to a travel agency’s office or talking to their overburdened customer service, users can hop on the metaverse
Bordered by the Pacific on one side and forested mountains on the other is Mexico’s Riviera Nayarit. The nearly 200-mile stretch of coastline north of Puerto Vallarta is dotted with resorts and sandy beaches. A small set of waves rolls past a heavily wooded headland in Lo de Marcos Mexico. getty The wedding and travel
While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend. Defi TVL Improves, Cross-Chain
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