Does high US consumer debt benefit Bitcoin price?
Cryptox analyst and writer Marcel Pechman breaks down consumer debt
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Consumer
EU consumer protection groups urge governments to investigate AI
Consumer protection groups from the European Union (EU) have urged regulators to conduct investigations on artificial intelligence (AI) models behind popular chatbots. According to a report from the AP on Tuesday, 13 watchdog groups issued a warning to their national consumer, data protection, competition and product safety authorities regarding concerns about
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Social Media Targeted in EU Consumer Group Complaint About Crypto Ads
BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto Source
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Walmart Q1 2023 Results Sees Retail Giant Beat Expectations on Earnings & Revenue despite Prudent Consumer Spending
Walmart “leveraged expenses and expanded operating margin” in Q1 2023 and now expects a 3.5% increase in consolidated net sales for the year. Walmart Inc (NYSE: WMT) has raised its 2023 full-year guidance following its stellar Q1 earnings report. On Thursday, the multinational retail corporation reported better-than-expected revenue, which was boosted by grocery and
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Consumer Debt in United States Spikes to New ATH $17.05T in Q1 2023
The announcement of high United States consumer debt comes as the debate for the national debt ceiling raises concerns over high inflation. The New York Federal Reserve reported on Monday that the total consumer debt hit a new ATH of slightly above $17 trillion during the first quarter of 2023. According
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Sam Altman’s Crypto Project, Worldcoin, Releases First Major Consumer Product
A Beta version of the World App has already been available to World ID holders for several months. “Since its initial debut, 1.5 million people have joined the beta, more than 500,000 of which use it every month,” Tools for Humanity said in a statement. “On a typical day, it
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Johnson & Johnson’s Consumer Health Spinoff Kenvue Becomes US Largest IPO since 2021
Despite the success of Kenvue’s IPO, Johnson & Johnson remains under allegations that some of its talc products are cancerous. Kenvue, the consumer-health spinoff announced by Johnson & Johnson (NYSE: JNJ) last year, has become the largest US IPO in over a year after going public on Thursday. The Kenvue brand
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Regulation Clarity Will Bring on More Consumer Web3 Users, PepsiCo’s Executive Says
PepsiCo Head of Next Gen DTC Connections and Innovation Kate Brady talks about the urgency in regulatory clarity in the customer web3 space at CryptoX Consensus 2023 conference. Source
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True Consumer Protection in Crypto Lies Between Centralization and Decentralization
Narratives about crypto regulations and compliance, or lack thereof, are increasingly missing the point. The general purpose of financial regulation is to maximize consumer protection, prevent fraud and abuse, and ensure well-ordered markets. Broadly speaking, the mission is the same in any jurisdiction, and for any financial regulator. Source
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US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year – Bitcoin News
On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal
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