Economics And Finance
Apartment Demand Hits Five-Year High As Home Sales Decline (#GotBitcoin?)
Demand grew particularly in Chicago and Houston. Apartment Demand Hits Five-Year High As Home Sales Decline (#GotBitcoin?) Demand for rental apartments reached a five-year high this spring, spurred by new household formation and lagging home sales. The number of new apartment move-ins in the second quarter of 2019 increased 11%…
Deutsche Bank Considers Up To 20,000 Job Cuts (#GotBitcoin?)
Job losses would likely take place over more than a year, with the pain and costs spread across regions and businesses. Deutsche Bank Considers Up To 20,000 Job Cuts (#GotBitcoin?) Deutsche Bank AG is weighing whether to cut 15,000 to 20,000 jobs, or more than one in six full-time positions…
Companies Dodge Trump Tariffs On China By Rerouting
Data from Vietnam show surges in both imports from China and exports to the U.S., highlighting how transshipment circumvents levies. Companies Dodge Trump Tariffs On China By Rerouting Goods Billions of dollars worth of China-made goods subject to tariffs by the Trump administration in its trade fight with Beijing are…
Sagging Trade Flows Spark Alarm Before G-20 Meeting (#GotBitcoin?)
If tit-for-tat measures continue, tariffs could rise back to 2003 levels, economists warn. Sagging Trade Flows Spark Alarm Before G-20 Meeting (#GotBitcoin?) World trade flows have sagged again in 2019, a sign that higher U.S. tariffs and other trade barriers are cooling growth as leaders from the Group of 20…
How Facebook Coin’s Big Corporate Backers Will Profit From Crypto
To understand how early investors in Facebook’s new Libra blockchain will make money over time, it helps to dig into a new lottery going live on ethereum mainnet Monday. How Facebook Coin’s Big Corporate Backers Will Profit From Crypto (#GotBitcoin?) It’s a lossless lottery called PoolTogether and tickets are now…
Using Smartphones To Pay? That’s So Yesterday In China (#GotBitcoin?)
Chinese consumers can pay at some retail stores by simply looking into facial-recognition machines at checkout. Using Smartphones To Pay? That’s So Yesterday In China (#GotBitcoin?) Chinese technology giants have leapfrogged U.S. companies in popularizing mobile payments. Now, they are trying to get people to bypass their smartphones and make…
People Fleeing Global Economic Oppression Reaching A Staggering 71 Million (#GotBitcoin?)
According to a new U.N. report, nearly 1% of the world’s population was displaced at the end of 2018. People Fleeing Global Economic Oppression Reaching A Staggering 71 Million (#GotBitcoin?) The number of forcibly displaced people in the world reached almost 71 million at the end of last year, the…
Howey Schmowey – The Real Answer Is To Update Securities Regulations (#GotBitcoin?)
This month there have been two SEC enforcement actions that made headlines in the crypto community. One was the case against messaging platform Kik and their Kin token sale; the other was the action against holding company Longfin. In the first case, while investors lost money, it is unclear that…
Bond-Yield Plunge Confirms Imminent Recession (#GotBitcoin?)
Investors, companies and central banks are adjusting to the sudden drop in bond yields. Bond-Yield Plunge Confirms Imminent Recession (#GotBitcoin?) Negative interest rates have spread throughout Europe during the second quarter as growth concerns intensify. The collapse in bond yields since this spring has been stark, swift and global, upending…
Factory Output Slowdowns Cast A Dark Cloud Over Global Economy (#GotBitcoin?)
Slowdown in factory output worries policy makers at central banks. Factory Output Slowdowns Cast A Dark Cloud Over Global Economy (#GotBitcoin?) Manufacturing is faltering in the U.S. and a number of key economies around the world, darkening the outlook for the global economy and increasing the likelihood that central banks…
Rep. Waters Says Facebook’s Crypto ‘Can’t Compete With Dollar
The chair of the U.S. House Financial Services Committee is doubling down on her calls for Facebook to pause development on its new blockchain, Libra. Rep. Waters: US Can’t Let Facebook’s Crypto ‘Compete With The Dollar’ (#GotBitcoin?) Two days after calling for a hearing, Rep. Maxine Waters (D-Calif.) appeared on…
Smart-Home Tech As A Selling Point, Not A Cost Cutter
Smart thermostats, window blinds and kitchen appliances might not save buckets of money in the long run, but they can bump a home’s resale value. Smart-Home Tech As A Selling Point, Not A Cost Cutter (#GotBitcoin?) Homeowners Rick Alsagoff and Bruce Alton cut energy costs by the clock—and keep track…