Inflation continues to rear its ugly head in the lives of Americans, as 64% of U.S. residents are living paycheck to paycheck. Equities futures indicate Wednesday’s trading sessions may see stocks hea...
Tag: Economics
Aleo, Forte to power next generation of gaming economics
TL;DR Breakdown Aleo, Forte partner to provide improved video gaming economics. Howard Wu says partnership, developing gaming economics is about building foundation of future gaming. Aleo, a leading p...
Data Shows Global Financial Conditions Tightest in 2 Years, Shaky Bond Markets Point to Long-Run Inflation – Economics Bitcoin News
At the end of the trading day on Monday, Wall Street was roiled once again as major stocks plunged during the day’s trading sessions. Most news outlets indicate the Russia-Ukraine war is causing the b...
Renowned Investor Jim Rogers Sees the End of the US Dollar — Says ‘Washington Does Not Play Fair Anymore’ – Economics Bitcoin News
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says that “what is happening with the U.S. dollar now is the end of the U.S. dollar.” He explained ...
Poll Suggests ECB May Wait Until Q4 to Raise Rates, Several Banks Expect a Series of Fed Rate Hikes This Year – Economics Bitcoin News
A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten years. The poll’s author detail...
IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’ – Economics Bitcoin News
In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s ...
US Treasury Yield Curve Highlights Recession Signals, Analyst Thinks Fallout Will Be ’10x Worse Than the Great Depression’ – Economics Bitcoin News
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodit...
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’ – Economics Bitcoin News
While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce ...
Rich Dad Poor Dad’s Robert Kiyosaki Advises Investors How to Profit From Inflation – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has given some advice on how to profit from inflation. Bitcoin is part of his strategy. He also praised the Ukrainian gov...
Apple Stock Has Had a Tough Year. That Could Soon Change.
Text size Tech stocks like Apple have had a tough start to the year, but a turnaround could be coming. Sascha Steinbach/Getty Images for Apple Apple stock and the rest of big tech have faced a difficu...
The Worst Is Yet to Come for Russia’s Economy. 50-50 Odds on a Russian Bond Default.
The Kasimovskoye underground gas storage facility, operated by Gazprom, in Kasimov, Russia. Russia is under unprecedented sanctions from much of the global economy. Andrey Rudakov/Bloomberg Text size ...
Analysts Debate Economic Fallout Odds From Russia’s Invasion, Historian Says World May Face Worst Energy Crisis Since the 1970s – Economics Bitcoin News
While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U...
While the Fed Monitors the ‘Ukraine Situation Closely,’ Powell Still Expects a Series of Quarter-Point Rate Hikes – Economics Bitcoin News
Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepare...
Matthew Hennessey’s Very Enjoyable “Visible Hand”
In his endlessly excellent 1981 book The Economy In Mind, the late, great Warren Brookes told the story of an economist clearing customs at JFK Airport in the malaise-ridden, late 1970s. The official ...
Stagflation Is Coming. What You Need to Know.
There is no question that Russia’s invasion of Ukraine is going to push inflation higher, given the amount of energy and food commodities produced by the region and the responses by countries and comp...
Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension – Economics Bitcoin News
Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These meas...
US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike – Economics Bitcoin News
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inf...
Ukraine Crisis Dilemma — A Total Blockade Of Russia’s Banks Would Hurt Europe
A column of Russian armoured vehicles drives in the direction of Gori on the Gori-Tbilisi road on … [+] August 19, 2008. Georgia’s Interior Ministry dismissed a pullback of Russian militar...
Bitcoin Fails Economics 101 As World Markets Quake
A bitcoin coin lies on a screen showing the bitcoin-U.S. dollar exchange rate. Fernando Gutierrez-Juarez/picture alliance via Getty Images In the same month China rolled out the first digital currency...
Crypto Community Discusses Warfare in Ukraine, Importance of Crypto, and the Future of Bitcoin – Economics Bitcoin News
During the course of the early morning trading sessions on Thursday (EST), 24-hour statistics show the crypto economy dropped more than 11% in value against the U.S. dollar. While the leading crypto a...
Many Americans Will Be Getting Smaller Tax Refunds This Year. Here’s Why.
The flood of federal pandemic-relief money was welcome last year, but it is causing disappointment and confusion as taxpayers prepare their 2021 returns. Many will be getting smaller-than-expected ref...
JPMorgan Now Expects Nine Straight Fed Rate Increases Until March 2023
Text size Wall Street banks are predicting more aggressive rate increases by the Federal Reserve. Stefani Reynolds/AFP/Getty Images Economists at JPMorgan Chase said the Federal Reserve would likely r...
Europe Looks Beyond Russia for Natural Gas. These Companies May Benefit.
The European Union will look to cuts it dependence on Russian natural gas. Andrey Rudakov/Bloomberg Text size It takes a brave investor to bet on the outcome of Vladimir Putin’s saber rattling around ...
US Senator Lummis Thinks ‘Bitcoin Is Something That the Fed Should Hold on Its Balance Sheet’ – Economics Bitcoin News
Cynthia Lummis, the U.S. Republican senator from Wyoming, believes the Federal Reserve should consider holding bitcoin on its balance sheet. Speaking on the Orrin G. Hatch Foundation’s crypto webinar ...
St. Louis Fed President Says Central Bank’s ‘Credibility Is On the Line’ as US Inflation Surges – Economics Bitcoin News
Inflation continues to grip American wallets, according to a recent economic analysis from Moody’s Analytics, which shows inflation is likely costing the average U.S. household between $250 to $276 pe...
Inflation Is Surging. Here Are Some Portfolio Changes to Consider.
Market sentiment changes awfully fast these days. Rising concerns about the impact of interest-rate hikes pushed the S&P 500 down more than 5% in January (with the tech-heavy Nasdaq Composite Inde...
US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth – Economics Bitcoin News
Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% h...
Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion – Economics Bitcoin News
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major...
Why Rising Prices Haven’t Stopped Shortages
Shelves are empty at a supermarket. (Photo by Jeremy Hogan/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Demand above supply is causing shortages, but Economics st...