Kimbal Musk.Axelle/Bauer-Griffin/FilmMagic Kimbal Musk told Input Magazine that cryptocurrency, as it stands today, is a “nonstarter.” That’s because of the environmental effects of the huge amount of energy crypto mining requires. His brother Elon Musk stopped allowing bitcoin payments for Tesla vehicles for the same reason. Both Musk brothers think […]
Good news nobody cares about
One thing is going right for President Biden. The job market remains hot, with businesses hiring just about anybody they can find. Employers added 678,000 jobs in February, far more than economists expected. The February report was uniformly solid, with gains in nearly every sector. Upward revisions to job growth […]
Stocks rise, oil prices soar as investors eye Russia’s war, Powell’s testimony
Stocks rose on Wednesday to recover some steep losses from earlier this week, with jitters over Russia’s war in Ukraine and its implications for the global economy weighing on risk assets. Investors also monitored fresh remarks from Federal Reserve Chair Jerome Powell, who said the central bank remained on track […]
5 Ways to Build a Powerful Global Marketing Strategy
As the non-US markets pose significant revenue opportunities, e-commerce and trade regulations have led more brands to expand operations to an increasing number of countries. A thriving global marketing strategy gives your team the playbook they need to drive more traffic, leads, and sales wherever they are in the world. […]
The ‘Rug Doctor’ who advises crypto investors against ‘horrifying’ DeFi scams
A self-described “doctor” has a lesson she’d like to teach investors about decentralized finance (DeFi), an increasingly popular lending sector that’s become a battleground against cryptocurrency-related fraud. Even the most experienced DeFi players can find themselves wrong-footed by hacks and fraud. Yet retail investors in the sector are hungry for […]
Biden Reframes Economic Agenda to ‘Building a Better America’ | Politics
President Joe Biden during his first State of the Union address touted several familiar elements of his stalled Build Back Better economic plan, but the central tenets of his revised domestic proposal to target inflation came under a slightly different name on Tuesday evening: “Building a Better America.” After months […]
EV gameplan needs to leverage our internal combustion business
European-based automaker Stellantis (formerly Fiat Chrysler Automobiles) saw the writing on the wall. The automaker that includes such brands as Jeep, Dodge, Peugeot, Fiat, and Alfa Romeo was lagging competitors like GM (GM), Ford (F) and Volkswagen (VWAGY) when it came to announcing big plans for an EV transformation that […]
Russian oil has Europe in ‘stranglehold’: Bill Browder
The sanctions regime slapped on Russia by the US and its allies continues to feature one glaring omission: an embargo on oil and gas, which accounts for nearly half of Russia’s export revenue. When asked on Wednesday about sanctioning Russian oil exports, President Joe Biden said, “Nothing is off the […]
Stocks drop, indexes post weekly losses as Russia-Ukraine concerns outweigh strong jobs data
Stocks fell Friday as investors eyed a much stronger-than-expected report on the labor market’s recovery and continued to monitor for global economic fallout from Russia’s war in Ukraine. The S&P 500 dropped to extend declines from Thursday and posted a weekly loss of about 1.3%. The Dow posted a fourth […]
In China, Fewer Are Willing to Splurge as Economic Worries Mount
HONG KONG—More than two years into the pandemic, China has a problem that would seem very unfamiliar in the U.S. It can’t convince its people to spend more money. From canceled vacation trips to cutting back on dining out, Chinese consumers have remained cautious, refusing to spend like Westerners during […]