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“# Crypto community divided on whether Bitcoin is an inflation hedge ” Amid a massive spike of the United States’ Consumer Price Index (CPI), the cryptocurrency community has divided on whether Bitcoin (BTC) is really a hedge to inflation. The CPI, an indicator measuring the average change in prices that consumers pay for a basket…
“# Bitcoin rebounds from $33K-support as US dollar inflation comes back into focus ” Bitcoin (BTC) prices steadied on Tuesday after closing the previous session at a 3.41% loss, supported by a weakening dollar sentiment ahead of a key United States’ inflation report due later today. Spot BTC/USD exchange rate rose by a modest 1.31%…
“#Inflation fears hit record high in June, warns NY Fed” Americans recently polled by the Federal Reserve Bank of New York said they see inflation rising to 4.8 percent over the next 12 months, a survey record. The Fed’s Consumer Expectations study, which samples a rotating panel of 1,300 households, showed that Americans in June…
“#Cubans take to the streets in massive anti-government protest” Thousands of Cubans took to the streets Sunday in protest of the country’s food shortages and high prices amid the coronavirus pandemic. The anti-government protest in the capital of Havana lasted about 2 ½ hours before it was broken up when a few protesters tossed cobblestones…
“#Biden’s anti-competitive ‘competition’ order” Not content with record inflation sparked by his added trillions in spending and stubborn unemployment rolls thanks to his extended benefits, President Joe Biden has delivered more economic poison by issuing a sweeping executive order that claims to be “a whole-of-government effort to promote competition in the American economy” when it’s…
“#Workers choosing pets over returning to office” As companies across the country begin to return to the office, workers are finding it impawssible to leave their furry friends home alone. An estimated 12.6 million households adopted new pets during the pandemic, according to a study by the American Pet Products Association. But now, as the…
“#63 percent rise in earnings expected following COVID-driven skid” Wall Street is gearing up for a slew of blockbuster earnings over the next few weeks as companies issue their results for the April-June quarter. The heightened expectations reflect companies’ improving fortunes this year versus the second quarter of 2020, when much of the economy ground…
“#Pandemic destroyed 22M jobs and many aren’t coming back” Around 22 million jobs were lost in 2020 due to the COVID-19 pandemic across the 37 member countries that are part of the Organization for Economic Cooperation and Development, the group said in its annual employment outlook report. Of the 22 million jobs lost in 2020…
“#Patio furniture shortage tells US economic tale” People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture. This year is different. After a record burst of sales in March, the showroom floor is almost empty of outdoor chairs, tables and chaises for people to…
“#Lockdowns were a gift to Big Biz designed to kill small biz” Lockdown proponents across the media are smugly patting themselves on the back, proclaiming that stay-at-home policies didn’t harm the economy. Try telling that to the millions of small-business owners who were irreparably damaged by prolonged and irrational restrictions. With many big corporations deemed “essential,”…