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Google says no 'straight line' between generative AI and unemployment — for now
29.4.2024
A new study published by Google highlighted the economic repercussions of generative AI and its probable influence on employment trends and workforce dynamics
U.S. October Jobs Up 150K, Missing Forecasts for 180K; Bitcoin Remains Lower at $34.3K
3.11.2023
Interest rates have fallen sharply this week across the U.S. yield curve, in part as traders place bets the Fed is finished tightening monetary policy
Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Saturday, Despite Recent Bullish Signals
3.6.2023
Bitcoin started the weekend in the red, as markets continued to digest the latest nonfarm payrolls in the United States. Despite payrolls coming in better than expected, the unemployment rate also rose, hitting 3.7%, which is its highest point since last October. Bitcoin Bitcoin (BTC) was mostly...
Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk
20.4.2023
Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be "rugged."
Bitcoin holds $30K, but some pro traders are skeptical about BTC price continuation
11.4.2023
BTC traders are cautiously optimistic due to Bitcoin traditional assets, but there are still some macro headwinds to be aware of
How does the economy work?
26.3.2023
The economy is a system of producing and exchanging goods and services in a society
$20K Bitcoin may return, says analyst as US unemployment hits 54-year low
3.2.2023
Bitcoin buyers may get a chance to "load up" below $22,000 on the back of employment statistics
Tencent Guts Its Gaming News Site, Firing Staff Without Warning
15.9.2022
Today layoffs hit the respected video game and entertainment website Fanbyte, with the site’s editor-in-chief and head of media among the list of staff who are now out of work. According to Fanbyte employees, the layoffs were a total shock, with some reporting that they had just worked with some...
G4TV Hit With Major Layoffs Less Than A Year After Coming Back
14.9.2022
At least somewhere between 15-20 staff were laid off at G4TV today, according to two sources familiar with business. The video game talk show network from the 2000s was resurrected last fall on streaming platforms like Twitch as well as cable TV, but now faces major upheaval less than a year later....
Elon Musk, Cathie Wood sound 'deflation' alarm — is Bitcoin at risk of falling below $14K?
12.9.2022
Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate
Relief Payments Coming? 80 Legislators Press Biden Administration for a Fourth Round of Stimulus
1.6.2021
Rumors of a fourth and possible fifth round of direct stimulus checks have become a hot conversation topic this week, as lawmakers are urging the President to act. Over 80 U.S. legislators have sent letters to President Joe Biden and Vice President Kamala Harris asking the administration to push...
Home Crypto Mining Spikes in Brazil Amid Record High Unemployment
31.5.2021
With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than...
Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs
18.5.2021
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector...
Biden Economics: US Jobs Report Lackluster, Unemployment Extensions Hammer Supply Chain, Americans Want More Stimulus
11.5.2021
Recent headlines in numerous publications claim the U.S. economy is set for rapid expansion and a “post Covid boom” thanks to Joe Biden’s economic plans. However, contradicting reports identify certain struggling elements, such as the supply chain, which have been ravaged...
New Stimulus Checks: Barbara Corcoran Slams Mark Cuban’s Expiry Date Idea, Favors Long-Term Relief
5.10.2020
Famous investor and “Shark Tank” star Barbara Corcoran has criticized Mark Cuban’s “use it or lose it” approach to the second round of stimulus checks for Americans. She also shares her thinking on what’s more important than one-time direct payments. Second...
Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely
27.4.2020
Several economists have predicted where the U.S. economy is heading. One said it would take a miracle to keep the recession from turning into another Great Depression. Some believe that a fast or V-shaped recovery is unlikely. Meanwhile, Apple CEO Tim Cook reportedly told President Trump...
Cash Crisis: National Currencies Plunge in the Wake of Coronavirus
24.3.2020
Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets "in the amounts needed," signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time.
The post...
More Signs the Next Big Financial Crisis May Begin in Germany
3.8.2019
Germany, the locomotive of Europe’s huge economy, is entering a difficult period, various indicators suggest. And when the Federal Republic sneezes, the Old Continent usually catches cold. This time, Germany may infect the rest of the world as well. An economic and financial crisis there...
Australia Faces The Threat Of Unemployment
16.5.2019
The graph of the unemployment rate in Australia has taken a step higher, which has affected the labor market adversely. This mounting unemployment has boosted the chances of an interest-rate cut. As per the statistics bureau reports, the unemployment rate, which stayed at 5.1% in March,...