Mon, May 20, 2024

Amanda Hansen

Amanda Hansen is our senior reporter writing on Economy News. Ms. Hansen is a Georgetown graduate specializing in economic and political sciences. Her Ph.D. concentrates on the market impact on the global economy.

paypal bitcoin

PayPal will add a crypto-withdrawal feature soon

PayPal announced a new feature on Wednesday that will allow users to buy, hold and sell cryptocurrencies. Soon, PayPal users will be able to transfer funds to their external digital wallets. The company stated in a press release that its new cryptocurrency service will be launched in the U.S. in the coming weeks and will …

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united states inflation, dollar

A key U.S. inflation indicator rose by 3.1% YoY

According to the Commerce Department, a key inflation indicator increased a faster-than-anticipated 3.1% in April as price pressures built in the rapidly expanding U.S. economy. The core personal consumption expenditures index was anticipated to rise 2.9% after increasing 1.9% in March. Fed officials believe the measure to be the best gauge for inflation, though they …

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google, A man hand holding screen shot of google maps app showing on LG G4.

Google makes it impossible to keep your location private

In May 2020, Arizona Attorney General Mark Brnovich filed a lawsuit against Google. The lawsuit had suggested the Internet giant’s dark strategy to collect the location of Android phones, even when users had disabled it. Furthermore, it revealed that the company deliberately hid some privacy settings to make it harder to find and even pressured …

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Warner Music Group and its plans, stock market

Global Stocks trade mixed with inflation in focus

The Federal Reserve has insisted that the current pace of inflation is unlikely to be sustained after the initial burst of activity associated with the reopening of the economy. Despite considering that the price increase will be “transitory,” several central bank participants begin to discuss a plan to adjust the rate of purchase of assets …

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Bitcoin collapse

Bitcoin’s collapse is excellent news, Robert Kiyosaki states

Bitcoin price will enter its worst month since 2011. The famous investor called Bitcoin’s collapse great news. Robert Kiyosaki, the author of “Rich Dad, Poor Dad,” said that bitcoin’s collapse provides a good buying opportunity on Sunday. Kiyosaki plans to buy again after the price reaches $27,000. He says a lot is depended on the …

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Facebook and Instagram may remove the "like"

Facebook and Instagram may remove the “like”

Users of Facebook and Instagram, owned by Mark Zuckerberg, could open the possibility for Internet users to hide the number of “likes” in the publications they make. These resulted from a debate about the potentially harmful effects on mental health and the intense search for approval on social networks. Also, Facebook and Instagram could suspend …

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The majority of Southeast Asian stock markets closed in red

Southeast Asian stock markets closed higher, except Bangkok

The Southeast Asian stock markets ended their sessions this Friday with rises. It resulted from optimism due to the signs of economic recovery in the United States. Besides, there is still caution in the face of the new wave of the COVID-19 in Asia. Among the Asian stock exchanges that ended the day with gains, …

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Crypto might become a reason for the next financial crisis

Metalla Royal & Streaming CEO of precious metals, Brett Heath, talked about the next financial crisis which cryptos might cause. Metalla Royal & Streaming is a Canada-based company founded in 1983. The company’s current net worth is approximately US$1 billion. The company provides exposure to precious metals through royalties and flows of gold and silver. …

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COVID-19 origins

Intelligence officials have unexamined data on COVID origins

Intelligence officials told the White House that they have a large amount of unexamined evidence related to the origins of the coronavirus pandemic. Remarkably, it is part of what prompted U.S. President Joe Biden to announce publicly he ordered a deep investigation to find the source of the pandemic. Both announcements follow months of growing …

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commodities

China is no longer center of commodities pricing

Goldman Sachs stated it no longer viewed China as the center of commodities pricing, reflecting the pace of demand recovery in developed markets implied Beijing as Western consumers have crowded out buyers. The bullish commodity thesis is neither regarding Chinese speculators nor Chinese demand increase. It is about lack and the DM-led recovery, and the …

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