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“Sponsored weddings are the new way influencers are saving money” As soon as Yola Robert got engaged last July, she started house hunting, hitting the gym and scouting out her dream wedding venue. Then, she slid into the DMs of her favorite brands. The 29-year-old was set on having an Instagram-worthy wedding, but when she…
“Congress should raise taxes to fight inflation ‘right now’” Congress is missing an opportunity to combat decades-high inflation by failing to implement tax hikes, former Clinton administration Treasury Secretary Larry Summers asserted on Friday. Summers, a frequent critic of the federal response to inflation, argued that lawmakers should consider raising taxes as another means of…
” Pro Bitcoin traders are uncomfortable with bullish positions “ The previous $19,000 Bitcoin (BTC) support level becomes more distant after the 22.5% gain in nine days. However, little optimism has been instilled as the impact of the Three Arrows Capital (3AC), Voyager, Babel Finance and Celsius crises remain uncertain. Moreover, the contagion has claimed…
“US housing market headed for ‘deep freeze’ as mortgage rates soar” The US housing market is on the cusp of a “deep freeze” as rising mortgage rates and steep home prices conspire to limit buying and selling activity, a prominent economist warned this week. Mark Zandi, the chief economist of Moody’s Analytics, pointed to a…
” BTC miners ‘finally capitulating’ — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes — can the strength continue? The July 17 weekly close may have been practically identical to the last, but BTC/USD…
“Sinking stocks, dicey economy may hand NYC’s Eric Adams major budget crisis” Mayor Eric Adams’ $101 billion budget may be more fiscally responsible than any of his predecessor’s spending plans, but the ailing economy, and market, threaten to trigger a giant shortfall. To keep the city in the black — without raising taxes and fees…
“Larry Summers says the Federal Reserve is wrong about economy” The Federal Reserve “lost its way” last year as inflation gripped American households and still isn’t being realistic about the impact it will have on the economy, ex-Treasury Secretary Larry Summers warned on Friday. Summers, who was far ahead of the Fed in predicting price…
” Two Bitcoin price prediction polls, same outcome: $10K BTC is coming “ Bitcoin (BTC) investors in China plan to buy the dip despite an ongoing market correction and a nationwide crypto ban, a new survey shows. Consensus sees Bitcoin at $10K A survey of 2,200 people conducted on China-based social media platform Weibo found…
” Bitcoin derivatives data suggests bears will pin BTC below $21K leading in Friday’s options expiry “ Most Bitcoin (BTC) traders would rather see a sharp price correction and a subsequent recovery than agonize for multiple months below $24,000. However, BTC has been doing the opposite since June 14 and its most recent struggle is…
“Inflation ‘eating his presidency alive’” Polling data shows that American voters are increasingly fed up with President Biden during the recent surge of inflation, a CNN analyst said Wednesday. The dire forecast from CNN data analyst Harry Enten came hours after federal data showed inflation had surged to 9.1% in June — the sharpest rate of…