At the beginning of August, the spot price of gold reached another all-time high. Since the 1930s, the US dollar has lost 99% of its value against the precious metal. A world reserve currency is supposed to be higher at storing value. However, even through unlimited money printing, the US dollar has been unable to …
The Securities and Exchange Commission (SEC) issued warning about unauthorized groups masking as foreign exchange traders, attempting to solicit investments from people without a license. The SEC has identified Juan Savings and 1 Heal 1 World Trading as groups that offer illegitimate investment opportunities. The regulator agency published the information on its website. The SEC …
SEC warns not to invest in two unauthorized forex traders Read More »
When Albion College announced it would re-open in June, it said that it would put health measures in place. This is to help reduce the spread of COVID-19. This includes reduced lecture sizes and virus tests for staff and students. It has introduced a mandatory contact-tracing app with a number of privacy issues. The report …
Mandatory Contact-tracing App Shows Security Problems Read More »
On Thursday, the International Energy Agency (IEA) lowered its global oil demand forecasts for the first time in several months. The coronavirus pandemic, as well as problems connected with the aviation sector affected its forecasts. A monthly report from the agency shows expectations of the global oil demand for 2020 to reach 91.1 million barrels …
International Energy Agency Lowered its Global Oil Forecasts Read More »
Oil prices escalated to a five-month high on Thursday in response to warnings from the US Federal Reserve on oil demand recovery. The price of oil trading in the New York market fell by one percent and reached $42 per barrel following the widespread fall of stock markets. The US Federal Reserve released a report …
Oil prices dropped after the Fed statement’s release Read More »
Children’s Health Defense, a notorious anti-vaccine group, spearheaded by Robert F. Kennedy Jr. is suing Facebook and its fact-checking partners. The suit was for rejecting ads and labeling debunked claims about vaccines and 5G networks. In the federal court in California, it alleged Facebook’s fact-checking program for false scientific or medical misinformation violates constitutional rights. …
CHD Sues FB, Politifact, Science Feedback, Poynter Institute Read More »
Iran has a long-standing problem when it comes to foreign currency exchanges. However, many analysts criticized the Central Bank of Iran (CBI) policies in controlling the forex market after the recent increase in inflation indices. They claimed that the rising exchange rates were the main reason for the inflation hike. Analysts consider foreign currency rate …
Does launching FX bourse answer Iran’s currency dilemma? Read More »
Major U.S. stock indexes finished Tuesday for the most part on record highs. Despite the never-ending debate in Congress over further COVID-19 aids, worries about how the economy will fare when a raft of fiscal stimulus eventually burns off do not stop. The S&P 500 scored a new record close on Tuesday, setting another high-water …
Last July, gold surpassed its record price, set at $1,921 an ounce in 2011. Since then, it has continued to rise and has suffered a correction, keeping it above that record for nine years. The question everyone is asking now is whether the price will continue to increase or fall. Sebastian Bowen explains in the …
Factors that will allow the price of gold to continue rising Read More »
Students in the UK (England and Wales) will no longer receive exam results based on a controversial algorithm. This was after accusations that the system had a bias against students from poorer backgrounds, said reports. The announcement came after a weekend of demonstrations. Student protesters were chanting “fuck the algorithm” outside the country’s Department for …
UK Students Protests Ofqual’s Algorithm Grading System Read More »
Oil prices fell slightly on Tuesday after OPEC Plus Group members said they had almost fully complied with the terms of their production cut agreement. Due to the coronavirus outbreak, the demand for oil consumption is declining. Brent crude dropped by 17 cents, or 0.37%, to $45.20 a barrel. The benchmark was up by 1.3% …
On August 12, a ridesharing company, Lyft, reported its second-quarter earnings. It is worth mentioning that the revenue in the second quarter fell by 61% in comparison to the same period of time last year. According to the president and co-founder of Lyft, John Zimmer, the company may need to suspend its ride-hailing operations in …
Ridesharing Company Lyft Reported Second-Quarter Earnings Read More »
The U.S., the world’s largest economy, is struggling to cope with the economic impact of the coronavirus pandemic. Thankfully, first-time jobless claims fell below 1 million for the first time since mid-March. This means the labor market is continuing its recovery from the coronavirus pandemic. Interestingly, there were total claims of around 963,000 for the …
First-Time U.S. Weekly Jobless Claims Fell Below 1 Million Read More »
The dollar climbed up on Friday, supported by strong U.S. jobs data and firmer global demand for safe-havens amid concerns about the coronavirus recovery. However, moves were modest in the Asian session as investors awaited Chinese trade data. They expect the data to show a rise in industrial output and a solid rebound in retail …
The U.S. Dollar Edged Up Against the Aussie and Kiwi Read More »
Liam Porr, a College student, used the language-generating AI tool GPT-3 to create a fake blog post. This recently landed in the No. 1 spot on Hacker News. Porr demonstrated that the content produced by GPT-3 could fool people into believing it was written by a human. He said it was very easy which was …
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