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Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S.
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The US Consumer Index has risen by 5.4% in June from a year ago This increment is the highest annual rate increment since August 2008 The US consumer is paying more for goods and services as inflation bites News of the increased Consumer Index has caused Bitcoin to once again lose its $33k
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The U.S. Consumer Financial Protection Bureau is probing the social payments app, according to Reuters. Source
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Chief among EY blockchain lead Paul Brody’s predictions for 2021: Financial institutions will bring decentralized finance (DeFi) to a consumer audience.“If I had to make a bold prediction,” Brody told CryptoX last week, “I think by the end of 2021, at least one major financial institution will up the game
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For the past three years, crypto developers have been fighting a shared enemy, a three-headed beast known as the blockchain trilemma. For every gain made on one front – security or decentralization – territory was ceded on another, such as scalability.Eventually we learned what in hindsight should have been obvious:
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The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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Consumer Reports doesn’t think Tesla’s Full Self-Driving Capability option is worth its asking price. The nonprofit reviewer noted several shortcomings during a test of the latest software and hardware. In 2019, Elon Musk promised to release one million robotaxis by the end of this year. When announcing first-quarter results this year, Tesla CEO
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Consumer spending continues to rebound from March lows. There’s been a growing divergence between spending and small business revenue. Consumers are spending more at big, publicly-traded businesses. After dropping over 30% from its peak, consumer spending has nearly recovered. Now it’s down just 5% from its February highs. As with most of the
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Consumer advocacy group Public Citizen is trying to stop Canadian bitcoin miner DMG Blockchain from plugging its mining rigs into the American power grid. In a letter published Thursday, the nonprofit implored the U.S. Department of Energy (DOE) to scrutinize, if not outright reject, DMG Blockchain’s bid to export U.S. electricity
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The stock market is expecting the economy to improve in 2021, but unemployment estimates suggest it won’t. A sharp drop in consumer spending will likely continue well into next year as high unemployment persists. The stock market is in for a rude awakening in August when consumers pull back once again. The U.S.
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