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The group, “Bitcoin Argentina,” previously rejected the idea that regulation was needed in the cryptocurrency industry. Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust. The proposed legal framework was pitched by Bitcoin Argentina’s president Ricardo Mihura at LABITCONF 2023…
It has been an increasingly puzzling week for market watchers and economists alike, as the American economy continues to resist a recession and stymy policymakers hoping to lower inflation and stave off a downturn. A gangbusters September jobs report is putting the efficacy of Federal Reserve interest rate hikes into question, just as falling crude…
California Gov. Gavin Newsom (D) declared that ‘the Biden agenda’ was the true winner of the second GOP presidential primary debate in a Wednesday evening interview with Fox News. “They only identified problems,” Newsom said of the seven GOP hopefuls on the debate stage. “Joe Biden has not only identified solutions, he’s gotten them passed…
According to estimates released today by the U.S. Census Bureau’s American Community Survey (ACS), the median household income in the United States fell by 0.8 percent in 2022. The median household income last year was $74,755, adjusted for inflation. Despite the median household income being adjusted for inflation, the dip is an indication of why…
Since President Biden entered the Oval Office in January 2021, spending for the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, has increased by 27 percent. This giant increase in SNAP funding has unsurprisingly coincided with a steep rise in food prices. According to the U.S. Department of Agriculture, “Average annual food-at-home prices were 11.4 percent…
Federal Reserve Chairman Jerome Powell hammered home the Fed’s 2-percent inflation target on Friday amid speculation that the bank could tolerate a higher annual inflation rate in the post-pandemic economy. “It is the Fed’s job to bring inflation down to our 2 percent goal and we will do so,” he said at a gathering of…
There’s no shortage of issues to address at Wednesday’s Republican presidential primary debate. These include Donald Trump’s absence, Department of Justice corruption, the Russia-Ukraine War and the latest in the culture wars. Small businesses hope these newsy topics don’t overwhelm discussion of pocketbook issues that have a far bigger impact on Americans’ day-to-day lives. Ordinary…
Gross domestic production (GDP) came in hot in the second quarter, growing at a 2.4 percent rate that marked the fourth straight quarter of positive growth and underlining the resilience of the U.S. economy. Economists polled by Bloomberg had been expecting GDP growth of around 1.8 percent, meaning the 2.4 percent growth was a…
Interest rates are now at a 22-year high, and Americans are starting to feel that the Federal Reserve is going overboard with its rate hikes. Despite one of the fastest rate-raising cycles on record, U.S. employment levels have remained high, and a widely predicted recession has failed to materialize. Wages for most workers are about…
Homebuyers are staying on the sidelines as housing prices hit record levels and homebuilding and rental supply isn’t keeping up with the demand. Home prices neared their all-time high last month, eclipsing $400,000 for only the third time on record. Rising prices, mortgage rates push monthly payments to all-time high: report This is due largely to…