Brain Armstrong, CEO and Co-Founder of Coinbase, shared his view on layer-2 scaling solutions, the crypto market and NFTs, early this week. During Coinbase’s First Quarter 2022 Earnings Call, Armstro...
Tag: GDP
Coinbase CEO says crypto will heal, take 15% of global GDP
Coinbase founder and CEO Brian Armstrong dismissed the current pessimistic approaches to the market and said crypto would take 15% of global GDP in 20 years. Speaking at Coinbase’s Q1 earnings call, ...
Coinbase CEO Brian Armstrong Predicts Crypto Economy Will Explode to 15% of Global GDP – Here’s His Timeline
Coinbase founder and CEO Brian Armstrong is optimistic about the future of crypto assets despite the current market downturn. In a recent Coinbase first-quarter earnings call, Armstrong says the crypt...
-1.4% GDP Just Reminds Us of the Abject Stupidity of GDP
“Macroeconomics is a tautology and a myth, a dangerous one at that, sustaining the illusion that prosperity is necessarily linked with territory, national units, and government spending in general.” –...
Is China Juicing GDP Data? Economists Can’t Help But Wonder
Security guards wear protective clothing as office workers queue for Covid-19 nucleic acid tests at a makeshift testing site on April 28, 2022 in Beijing, China. Kevin Frayer/Getty Images It’s both th...
The Markets Watch For A Future Recession, But Is It Already Here?
NEW YORK, NY – MAY 6: Traders and financial professionals work at the opening bell on the floor of … [+] the New York Stock Exchange (NYSE), May 6, 2019 in New York City. The Dow Jones Ind...
U.S. GDP falls 1.4%: ‘I think Powell can navigate a soft landing’
Gross Domestic Product fell at an annualised pace of 1.4% in the first quarter of 2022, reported the U.S. Commerce Department on Thursday. This compared to about a 1.0% growth expected. Jim Cramer: so...
U.S. Economy Shrank 1.4% Last Quarter In Worst Showing Since Covid Recession, New GDP Estimate Shows
Topline The economy last quarter posted its worst annualized showing since the pandemic-induced recession in 2020, the government said Thursday, blaming an unexpected decline in economic activity on t...
Europe Faces Higher Recession Risks Than U.S.A.
TOPSHOT – A recently painted mural by British graffiti artist Banksy, depicting a workman chipping … [+] away at one of the stars on a European Union (EU) themed flag, is pictured in Dover...
China Q1 GDP Beats Expectations, Unemployment Rate Rises
The GDP China recorded in Q1 exceeded analysts’ expectations to rise 4.8% despite COVID-induced economic contraction affecting employment. Despite the impact of lockdowns caused by the Covid outbreak,...
Q1 GDP beats expectations to grow 4.8% YOY
A traffic police officer prepares to check a truck at a service station near Shanghai, which has ordered tighter restrictions on travel in and out of the city as China battles its most severe Covid ou...
Citi raises its forecast for China’s GDP growth
Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much...
GBP/USD forex signal: Sterling crashes ahead of UK GDP data
The GBP/USD crashed to the lowest level since November 2020 after the strong American consumer inflation data. It is trading at 1.3088, which is about 8% below the highest level in 2021. UK GDP data ...
USD/JPY forecast: More upside after disappointing Japan GDP data
The USD/JPY price tilted higher on Wednesday morning after the latest Japan GDP numbers. The pair is trading at 115.83, which is about 0.25% below the highest level this year. Japan GDP data The Japan...
Closing gender gap could boost global GDP by $2 trillion, Citi says
Damircudic | E+ | Getty Images Women receive a small fraction of venture capital funding and closing the investment gender gap could drive economic growth, according to a new report from Citigroup. Fe...
Russia Leads To Risk-Off, Proactive Policies Announced From Dual Sessions
China Last Night KraneShares Key News Asian equities were firmly in the risk-off camp due to the Ukraine/Russia situation, rising oil prices, and potential Fed rate hikes. China and Hong Kong were not...
PwC: Blockchain Tech Could Add $1.76 Trillion to Global GDP by 2030
PricewaterhouseCoopers’ (PwC) recently published Time for Trust report indicates that the firm’s economists have a great deal of optimism for blockchain technology. The analysis suggests that the tech...
China Sets Slowest GDP Growth Target In More Than 30 Years As Challenges Mount
A woman wearing a face mask walks near the CCTV building at the international trade area of Beijing. … [+] SOPA Images/LightRocket via Getty Images China aims to grow its economy by around 5.5% ...
China on deck to reveal its 2022 GDP target
Workers weld at a workshop of an automobile manufacturer in Qingzhou, East China’s Shandong Province, on March 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is sl...
So How High Will Interest Rates Go? Not Really That High
Rates are on the rise. getty It’s axiomatic that higher interest rates are no friend of stock prices, especially those of tech firms. But how onerous will those rate hikes be? Not very. Right now, the...
Jobless claims GDP:
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported, according to government data released Thursday. Initia...
El Salvador’s GDP Soars By Double Digits For The First Time In Its History
Advertisement     El Salvador’s GDP grew by over 10% in 2021 which is a first for the small country. The President thinks the country is on course to break an even big...
USD/SGD forms a descending triangle after Singapore GDP data
The Singapore dollar continued strengthening against the US dollar after the latest GDP and trade numbers. USD/SGD is trading at 1.3430, which is about 2.3% below the highest level in December last ye...
Yen crawls higher after weak Japan GDP data
The USD/JPY price retreated slightly even after the relatively weak Japan GDP data. The pair is trading at 115.35, which is about 0.85% below its highest level last week. Japan GDP data The Japanese ...
GBP/USD prediction ahead of the UK GDP data
The GBP/USD price remained under pressure as investors reflected on the strong American inflation data and the upcoming UK GDP numbers. It is trading at 1.3550, which is about 70 basis points below th...
GDP Surged But Americans Are Struggling With Inflation—Record 79% Say It Will Get Worse
Topline Despite solid economic growth, a record number of Americans predict higher inflation, according to a … [+] new Gallup poll. Joe Raedle/Getty Images Key Facts The U.S. economy grew 6.9% i...
GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread
The U.S. economy grew at a much better than expected pace to end 2021 though the acceleration likely tailed off as the omicron spread put a damper on hiring and further hindered the global supply chai...
AUD/USD forecast after the strong China GDP data
The AUD/USD price tilted higher after the strong China GDP numbers. The pair is trading at 0.7200, which is about 0.15% above the lowest level last week. China GDP numbers Australia and China have a c...
GDP for December and full year 2021
Volunteers wearing personal protective equipment (PPE) arrange food deliveries on Nov. 26, 2021, for a Shanghai residential area that’s under restrictions to halt the spread of Covid-19. Yin Liq...
Goldman cuts China GDP for 2022 amid lockdowns, omicron
Traffic police and epidemic prevention personnel work together to check vehicles at a highway entrance in Zhengzhou, the capital of Henan province, China, on the afternoon of January 8, 2022. Costfoto...
Do Good By Investing Well In 2022
NEW YORK, NY – DECEMBER 20: A view of the 2022 New Year’s Eve Numeral upon arrival in the Times … [+] Square (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency v...