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“Tesla hikes car prices after Elon Musk issues inflation warning” Tesla is raising prices for its entire electric car lineup – a move that came days after CEO Elon Musk warned the firm was under “significant” inflationary pressure given the rising cost of key commodities following the Russian invasion of Ukraine. The price hikes amount…
“Russia-Ukraine war likely pushes inflation to 10%: economist” US inflation will likely hit double digits this summer as the ripple effects of the Russian invasion of Ukraine lead to further financial pain for American households, according to famed economist Mohamed El-Erian. El-Erian issued the dire warning just days after federal data showed inflation hit a…
“Uber and Lyft drivers get squeezed by high gas prices: ‘I barely broke even’” Uber and Lyft drivers are getting hammered by sky-high gas prices — and some are saying that they’re going to quit altogether. The news comes as Russia’s invasion of Ukraine, as well as increased commuting and travel, send gas prices soaring…
“Apple, Toyota and Volkswagen close factories” New coronavirus lockdowns in China are snarling production for everything from Apple iPhones to Toyota SUVs — and threatening to make already red-hot global inflation even worse. Key Apple suppliers including Foxconn have been forced to shut down factories in Shenzhen, where iPhones, iPads and Mac computers are produced,…
” Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity “ As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially for the general public across the world. Joining this discussion…
” Cryptocurrencies against the ‘silent thief.’ Can Bitcoin protect capital from inflation? “ The world is becoming increasingly volatile and uncertain. The assertion that “inflation is the silent thief” is becoming less relevant. In 2021, inflation has turned into a rather loud and brazen robber. Now, inflation is at its highest in the last forty…
“Uber to roll out fuel surcharge in United States amid high gas prices” Uber Technologies Inc said on Friday US customers, excluding New York City, will have to pay a fuel surcharge starting March 16 as the ride-hailing firm tries to address concerns of drivers and couriers hit by record-high gasoline prices. Customers will have to pay a…
” Crypto education can bring financial empowerment to Latin Americans “ In October 2021, it was estimated that approximately 15% of the world’s supply of Bitcoin (BTC) was in circulation in Latin America. According to a recent report released by Crypto Literacy, however, 99% of Brazilian and Mexican respondents failed a basic assessment on crypto…
” Bitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen “ Bitcoin’s (BTC) last daily close above $45,000 was 66 days ago, but more importantly, the current $39,300 level was first seen on Jan. 7, 2021. The 13 months of boom and bust cycles culminated with BTC price hitting $69,000 on Nov. 10,…
“US faces 35% risk of recession: Goldman Sachs” The US economy is at greater risk of falling into a recession over the next year due to higher oil prices and the specter of a prolonged Russian invasion of Ukraine, according to experts at investment banking giant Goldman Sachs. The analysts at the bank peg a…