As the World Economic Forum brings global leaders together to tackle global issues, a number of cryptocurrency and blockchain events will create a vibrant sideshow in the snowy ski destination in the ...
Tag: Economic
Jamie Dimon is waffling on his economic ‘hurricane’ take yet again. His bank is now calling a ‘mild recession’ later this year
Jamie Dimon is waffling on his economic ”hurricane” take yet again. Now his bank is calling a “mild recession” later this year. JPMorgan Chase released its fourth-quarter earnings report on Friday and...
World Bank Estimates the Global Economic Slowdown will Last Long
Given the global economic conditions over the past few months, the expectations from the world economy to perform better in the near future seems quite low. Many prestigious international organization...
Why Retailers Will Open Stores This Year, Despite Economic Fragility
Interior of Cult Gaia’s pop-up store in Miami. Francois Dischinger Last year was one of the best years for retail real estate. Vacancy rates in Q3 were 4.3%, according to JLL, down from the 6.3%...
World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’ – Economics Bitcoin News
On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 ...
Coinbase Lays Off Nearly 1,000 Employees, CEO Brian Armstrong Cites Crypto Bear Market Plus Economic Downturn
The largest US-based crypto exchange by volume is cutting its workforce to help survive the prolonged crypto bear market. In a new blog post, Coinbase CEO and co-founder Brian Armstrong announced the ...
Coinbase Dismisses 950 People Citing Current Economic Climate
The US-based cryptocurrency exchange Coinbase will reduce its workforce by around 950 people. The firm had previously laid off 18% of its employees due to adverse macroeconomic conditions. Brian Armst...
SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’ – Featured Bitcoin News
Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs the...
Brussels trashes Ireland’s economic model with meddling on Big Tech
Leo Varadkar, @LeoVaradkar, Great to meet with Mark Zuckerberg earlier at , @facebook, HQ in Menlo Park, California. 100s of extra jobs confirmed for Ireland next year. Leo Varadkar and Mark Zuckerber...
World Bank to Warn of Global Recession Risk in Economic Outlook
(Bloomberg) — The World Bank is concerned that “further adverse shocks” could push the global economy into recession in 2023, with small states especially vulnerable. Most Read from Bloomberg Th...
Crypto Giant DCG Shuts Down HQ Subsidiary amid Global Economic Crisis
DCG once appeared to be untouchable but may fast be losing its stability. Digital Currency Group (DCG) has announced that it is shutting down operations at its wealth management division HQ. According...
Amazon Reportedly to Fire 17,000 Employees Amid Economic Downturn
Editors News The worldwide spread of the Covid virus really helped the firm earlier. As of the third quarter of 2022, Amazon had 1.5 million employees. Amid growing economic uncertainty, Amazon froze ...
World Economic Forum Believes Crypto Will Remain Key Technology – Blockchain Bitcoin News
The World Economic Forum (WEF) has reviewed what happened in 2022 in crypto, making several predictions about the future of the ecosystem. Dante Disparte, CSO of Circle, in an article published for th...
World Economic Forum discloses its future vision for crypto
The World Economic Forum (WEF) recently published an article outlining its future vision for crypto. It mentioned JPMorgan and other “major financial institutions” in the context of 180’ing from their...
The Block: Bithumb’s former chair Lee Jung-Hoon found not guilty: Korea Economic Daily
The former chair of the South Korean crypto exchange Bithumb, Lee Jung-Hoon, was reportedly found not guilty by the Seoul Central District Court’s 34th Division of the Criminal Agreement. ...
World Economic Forum outlines future of crypto as 2023 begins
The World Economic Forum (WEF) has suggested that the 2022 cryptocurrency sector winter could mark a turning point for the industry. According to the agency, the market downturn can be equated to the...
Loan Data Shows Exceptional Economic Health, Though HELOCs May Be Cracking
GIBBSTOWN, NJ – JANUARY 23: A truck driven by Rob Sparks of Metropolitan Asset Recovery Solutions … [+] tows a vehicle during reposession January 23, 2003 in Gibbstown, New Jersey. Statist...
The Economic Case For Broader Representation In Commercial Real Estate
Too Diverse and Young to Lead? I was 24 years old when I was asked to lead housing research for Goldman Sachs. Eighteen months later, I was asked to co-lead the Firmwide Black Network for the Global I...
4 economic events to move the FX market in the first week of January 2023
This trading week is slow, given the end-of-the-year holidays and the lack of liquidity in the markets. But things are about to change drastically as soon as next week, as it is full of important econ...
2023 US economic outlook given the Fed-induced economic recession
The US economy is the largest in the world and might enter a recession in the upcoming months. This would be an artificially induced one, a result of the Federal Reserve raising rates in 2022 to fight...
DXY index forecast for 2023 amid an economic triple whammy
The US dollar index (DXY) has plunged in the past few weeks despite the relatively hawkish Federal Reserve. It sunk to a low of $103.44 in December, which was the lowest level since June 28 this year....
Biden Escalates The Economic War With China
Joe Biden and Xi Jinping. Biden on the right. (Photo by Chip Somodevilla/Getty Images) Getty Images President Joe Biden has taken the dispute with China to new levels – far beyond anything done by or ...
Stock Market Closes Higher On Bevy Of Economic Data But No Santa Claus Rally Yet; Oil Stocks Gain
The stock market closed slightly higher Friday after a slew of mixed economic data gave little indication that Santa Claus will be arriving in the market anytime soon. Oil giants ConocoPhillips (COP),...
Economic frailty could soon give Bitcoin a new role in global trade
The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation and heavy national debt loads — seems to signal th...
Mining Industry Boosts Third Quarter Economic Growth In Several States
Two workers with helmet and protective suit using drill-machines in an underground enviroment getty Many economists are predicting a recession in 2023 due to the Fed’s rate hikes to slow inflation, le...
Auto execs less confident in EV adoption amid economic fears: KPMG
A NYC charging station seen in the Yorkville neighborhood of New York City. Adam Jeffery | CNBC DETROIT — Global automotive executives are less confident about the rate of adoption of electric vehicle...
Repeat It Over and Over Again, Economic Growth Is All About Falling Prices
Economists fear falling prices, which means the pundits they interact with fear falling prices. The basis of the nailbiting within the economics profession has to do with their wholly confused belief ...
BlackRock Warns of Recession Triggering Economic Catastrophes
Bitcoin News BlackRock expects that stocks will suffer due to the upcoming recession. The research claims that this recession would be unique in its severity. The investment and asset management firm ...
Dow ends nearly 350 points lower after strong economic data, bearish comments by David Tepper fuel worry about rate hikes
U.S. stocks ended well off session lows but still fell sharply, after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks a...