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” UAE Ministry of Economy opens up new headquarters in the Metaverse “ The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse. According to Gulf News, the announcement was made on Sept. 28 by UAE Minister of Economy Abdulla bin Touq…
“Americans increasingly unhappy with Biden’s handling of economy: poll” An increasing number of Americans are unhappy with how President Biden is handling the economy compared to when the president first took office, according to a new poll. The ABC News/Washington Post poll released on Sunday shows 74% of Americans say the economy is in bad shape, up from 58%…
“Elon Musk says it’s ‘obviously correct’ that Fed is tanking US economy” Billionaire Elon Musk backed a prominent Wharton economist who accused the Federal Reserve and its chairman Jerome Powell of completely botching their response to the current economic slump. Musk reacted to a fiery rant from Wharton professor Jeremy Siegel, who told CNBC’s “Halftime…
” ‘The bond market bubble has burst’ — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years. As risk assets across the global economy take a hammering and the U.S. dollar surges, the…
“Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec” A top Costco Wholesale executive confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation. Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would…
” Why is the crypto market down today? “ Crypto prices keep falling, but why? This year’s market crash has turned most winning portfolios into net losers, and new investors are probably losing hope in Bitcoin (BTC). Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting…
” Jerome Powell is prolonging our economic agony “ Can we all agree that the Federal Reserve has a plan to combat runaway inflation? They do. Chair Jerome Powell has all but admitted it. After tempering his comments before previous rate hikes, allowing wiggle room which gave way to market rebounds, Powell has left no…
“CNBC’s Joe Kernen challenges Buttigieg on inflation” CNBC anchor Joe Kernen took Transportation Secretary Pete Buttigieg to task on Friday for the Biden administration holding a celebration on the same day that a worse-than-expected August inflation report caused stocks to tank. President Biden held a party on the White House’s South Lawn on Tuesday to…
“Stop playing chicken, Gov. Hochul, and agree on Lee Zeldin debate dates” Election Day is eight weeks from next Tuesday; early voting starts six weeks from Saturday — yet Gov. Kathy Hochul has yet to agree to a single date for even one debate with her opponent, Rep. Lee Zeldin. In her characteristic never-take-a-real-stand approach…
“Inflation hits 8.3% in August as Fed mulls super-size rate hike” US inflation rose by a higher-than-expected 8.3% in August despite falling gasoline prices — adding pressure on the Federal Reserve as it decides whether to impose another super-size interest rate hike. The August reading of the Labor Department’s Consumer Price Index, a closely watched…