At the World Economic Forum (WEF) event, a panel of blockchain experts asserted that the economy is rapidly moving toward tokenization in the future. Carbon credits, housing and electricity assets, go...
Tag: Economy
Gen Z is driving luxury sales as wealthy shoppers get younger
Peter Cade | Stone | Getty Images Luxury shoppers are getting wealthier and younger, with purchases by some of the newest consumers expected to grow three times faster than older generations over the ...
Smart Contract Tokens, Defi Economy See Strong Growth, Market Capitalization Swells by $78 Million in 30 Days – Defi Bitcoin News
Smart contract tokens and the decentralized finance economy have been on a tear during the last month, gaining against the U.S. dollar. The market capitalization of the smart contract platform token e...
Fed directs big banks to disclose how they are preparing for climate change risks
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. ...
Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more
Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Goldman Sachs — Shares of the Wall Street investment bank shed more than 7% after it reported its worst earnings ...
Goldman, Pfizer, Cheesecake Factory, Alibaba and more
A Cheesecake Factory restaurant in Louisville, Kentucky. Andy Lyons | Getty Images Check out the companies making the biggest moves midday: Goldman Sachs — The bank slid more than 2% after reporting e...
Shift to low-carbon economy will happen, but too late: John Kerry
John Kerry photographed at the World Economic Forum in Davos, Switzerland, on January 17, 2023. Fabrice Coffrini | AFP | Getty Images The world will eventually move to a low-carbon economy, but it may...
MIT & Mass General Hospital Have Developed An AI System That Can Detect Lung Cancer
Lung cancer is a devastating disease. According to the World Health Organization, lung cancer is one of the most common causes of death worldwide, accounting for nearly 2.21 million cases in 2020 alon...
Food fraud secretly infiltrates America. Here’s how you can avoid it
The food in your kitchen cabinets may not be what it seems. “I guarantee you any time a product can be passed off as something more expensive, it will be. It’s that simple,” Larry Ol...
Tesla price cuts accelerate EV market’s first recession stress test
Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As elec...
Bank of Thailand To Legalize Virtual Banks by 2025 To Boost Economy
By the end of 2023, applications will be ready for virtual banks to get licensed. By the year 2024, the Bank of Thailand plans to have issued three distinct licenses. The Bank of Thailand has announce...
Bitcoin Is On the Rise as Bulls Return
Bitcoin evangelists may breathe. They must tell themselves that their wildest predictions will probably come true. For several days now, prices of the most popular cryptocurrency have been on the ri...
Tesla Gives Consumers a Good Reason to Buy EVs
U.S. consumers wanting to buy electric vehicles can smile. Tesla (TSLA) – Get Free Report and Chief Executive Elon Musk have just made a decision that will put them back in the driver’s s...
If a stablecoin collapses, the US bond market and the economy will suffer
In 2022, the crypto industry saw nearly $1.4 trillion lost in collapses. Stablecoin shares a $145 billion market cap. A collapse would affect the non-crypto market due to its pegging system. Every fi...
Elon Musk and Tesla Give Consumers a Good Reason to Buy EVs
U.S. consumers wanting to buy electric vehicles can smile. Tesla (TSLA) – Get Free Report and Chief Executive Elon Musk have just made a decision that will put them back in the driver’s s...
JPMorgan Chase, Wendy’s and more
A sign is posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. JPMorgan ...
Recession Now Seems More Likely Than Not—Here’s What Big Bank Earnings Revealed About The Economy
Topline Fourth-quarter earnings season kicked off Friday morning with a slew of big banks reporting a mixed bag of results—with some doing better than expected while others saw profits cut in half ami...
Licensed Spectrum Boosts The Economy And U.S. Wireless Standing
The passage of 2021’s Infrastructure Investment and Jobs Act, which allocated $1.2 trillion of new money for rebuilding and expanding America’s roads, bridges, tunnels, and transit systems, was the cu...
President Biden Makes His Feelings Clear on House Republican Bill to Abolish IRS
A controversial proposal introduced by the newly elected, Republican controlled, House of Representatives has been making some headlines. It involves a scheme to get rid of the income tax in favor of ...
JPMorgan, Virgin Galactic, Tesla and more
A person enters the JPMorgan Chase headquarters in New York, June 30, 2022. Andrew Kelly | Reuters Check out the companies making the biggest moves in the premarket: JPMorgan — The bank reported fourt...
Europe Economy to Take Spotlight in 2023, Not US
Economic strategists predict that the economy of Europe is in a better position to outperform its US counterpart in 2023. Several analysts believe that the US economy and stocks could face a challengi...
Why Singapore isn’t singling China out
Singapore’s Minister for Health Ong Ye Kung told Parliament Monday that the government is not imposing new restrictions on travelers from China because limited flight capacity, combined with its...
Republicans Want to Abolish the IRS; How That Would Hit Your Wallet
While House Speaker Kevin McCarthy, R-Calif., was captivating a live audience with coverage of historically numerous votes for his new title, it was no secret he was making concessions to win votes fr...
Time for the Fed to declare victory on inflation? Not yet
A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022. Michael Nagle | Xinhua News Agency | Getty Images December’s monthly decline in the consum...