Topline As rapid inflation continues to fuel recession fears, new data showed consumer prices rose 8.5% in the 12 months ending in July—slowing down for the first time in months in a potential sign th...
Tag: Economy
Wendy’s, Coinbase, Buzzfeed and more
Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report bette...
Pandemic’s Impact On China’s Economy Is Only Short Term, U.S. Ambassador Says
Ambassador Qin Gang at the Fourth U.S.-China Business Forum. China’s Embassy to the U.S. The impact of the Covid-19 pandemic on China’s economy is only short-term, China Ambassador to the U.S. Q...
CreatorDAO Raises $20M to Fund Creator Economy
CreatorDAO raises $20 million in VC funding to mentor and fund content creators in return for a share of the creators’ earnings. CEO and co-founder Michael Ma sees the company becoming the Web 3 versi...
Stocks making biggest after hour moves: Coinbase, Roblox and more
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours tr...
Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu
Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands, has argued that on-chain digital property rights are the main aspects of blockchain technology that will drive a more decentralized ...
Is Japan open to travelers? It’s where Singaporeans want to travel
Some 49% of Singaporeans say they are considering Japan for their next vacation abroad, according to the market research firm YouGov. Interest may be even higher among young citizens. Some 68% of Sing...
Wage inflation, used car prices could jump higher: Jim Bianco
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
FAO food price index fell sharply in July but the respite may not last
Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the start of 2022. Olga Maltseva | Afp | Gett...
Stocks making biggest after hour moves: Novavax, Allbirds and more
A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020. Da...
Statistics Are Mixed But On Balance Say The Economy Is Weak
Ambiguous economic chart. (Photo by Daniel ROLAND / AFP) (Photo by DANIEL ROLAND/AFP via Getty … [+] Images) AFP via Getty Images If you listen to the White House, you hear that the economy is s...
Consumers’ expectations of future inflation decreased significantly in win for the Federal Reserve
Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The consumer outlook for inflation decreased significantly in July amid a sharp drop in...
UK cash withdrawals hit a record high as Brits grapple with inflation
Post Office has attributed the record amount for personal cash withdrawals at its 11,500 branches to more staycations in the U.K. and people using cash to manage their budgets. Gannet77 | Getty Images...
Long-time bull Cathie Wood is warning investors about the ‘big problem’ in today’s economy. Here are 3 stocks she likes now
‘We are in a recession’: Long-time bull Cathie Wood is warning investors about the ‘big problem’ in today’s economy. Here are 3 stocks she likes now Real GDP in the U.S. declined at an annual ra...
This play may help investors avoid dramatic lows
It’s a class of exchange-traded funds designed to prevent your portfolio from hitting dramatic lows — but it may require a level of sophistication. The idea: Incorporate short-term levered plays...
Promoting The Free Economy In Brazil
Latin America is going bad – very bad. Many of the region’s large economies have lurched toward leftist populism in recent years. With the election of former guerrilla leader Gustavo Petro to th...
Chainlink Staking: A New Chapter in the LINK Economy
Key Takeaways Chainlink is crypto’s top decentralized oracle network, known for providing price data to power DeFi applications. The network is planning to launch a token staking and node delega...
Jack Ma’s downfall is a symptom of Xi Jinping’s communist economy
Jack Ma china economy – Getty Images Contributor As a Chinese success story, Alibaba is unrivalled. As its founder, Jack Ma soared in power and prestige, acquiring a global reputation that sprea...
Gasoline At (or Under) $2.99 a Gallon: Here’s Where
Gasoline prices continue to fall in a handful of states to $2.99 a gallon, marking the 50th consecutive day of declines and giving consumers a reprieve as high inflation rates have walloped their budg...
Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saph...
Mongolia Targets “Real economy blockchain+” Growth Through Large-scale NFT Land, Assets Initiative
Place/Date: – August 5th, 2022 at 12:01 pm UTC · 3 min read Contact: Business, Source: HeySheep The Mongolia National Blockchain Digital Asset Exchange (MDE) opened to the world in 2022, officia...
What Do Beyonce And Lizzo Have To Do With The Evolution Of The Disability Economy?
Lizzo recognized the usage of ablest language and changed the lyric to a song illustrating the power … [+] of language as central to business and culture. GC Images Culture change can be seen as...
Higher housing costs force more pet owners to surrender their dogs
Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries...
Lyft, Carvana, Warner Bros. Discovery, DraftKings
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angele...
Black workers see rise in unemployment
Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The U.S. job market posted strong growth and a decline in unemploy...
Long-term unemployment tumbles to its pre-pandemic level
Long-term unemployment tumbled below its pre-pandemic level in July, the U.S. Department of Labor said Friday, as an unexpectedly strong showing of job gains buoyed workers broadly across the economy....
Jobs report July 2022: 528,000
Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for ...
Here’s where the jobs are for July 2022 — in one chart
Zoom In IconArrows pointing outwards Bureau of Labor Statistics The U.S. economy added many more jobs than expected last month, and there was an appetite for workers particularly in the service sector...
Is the economy in a recession? Top economists weigh in
‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than...
Hotbit Exchange at Blockchain Economy Summit in Turkey
Advertisement     The Hotbit team attended the Blockchain Economy Summit, which was held in Istanbul on July 27 and 28. The largest cryptocurrency event in Eurasia, th...