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Shocking economic data shows the U.S. economy has sunk, and real inflation has shot up. The U.S. stock market may be beginning to price in the terrible state of the real economy. Yelp released a damning report on Wednesday, revealing business closures across the U.S. have soared because of the pandemic. Meanwhile,
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Goldman Sachs has cut its GDP forecast from 4% to 2%.The lack of additional stimulus is the problem.The investment bank doesn’t see additional stimulus until 2021.The economic recovery is set to stall. That’s the view of Goldman Sachs, who sees the lack of further stimulus as holding the economy back.
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A provider of an ecosystem for the "sharing and rental economy," ShareRing will join China’s government-backed blockchain initiative. Source
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The percentage of companies that can’t afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention. Our main discussion: The rise of zombie firms.A zombie firm is a company that can’t afford to service its debt from operating income. These
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Despite growing support, cryptocurrencies have yet to see mainstream implementation in the US economy. Many people and regulatory agencies are unsure of what to do with crypto, stalling its adoption. California has made some significant strides in this regard recently, setting an example for the rest of the nation. California is
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Copper is at a two year high, and rising prices generally bode well for the economy.Chinese demand is robust, signaling a growing economy there.A weak dollar is also playing a role.Copper, the metal that used to be in pennies, is on a tear. Economists refer to the metal as “Doctor
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From COVID-19 relapses to election insecurity, these factors drive defensiveness up and demand down. We live in an economy organized around consumption and perpetual growth. In that context, factors that cause consumers to be fearful, reduce spending, increase savings, move less and generally slow down can wreak havoc. In this episode, NLW
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11 August 2020: Saudi Arabia has revealed ambitious plans to transform the Middle East’s technology sector and position the Arabian Gulf nation at the global forefront of a bold, new era of futuristic technology adoption.LEAP, a landmark technology event of national importance that supports the Kingdom’s Vision 2030 for a
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Quick take:The US economy shrunk by 32.9% in the second quarter of 2020. This is the deepest decline since the US government started keeping records in 1947.Bitcoin’s fate tied to that of the stock markets, and the news of a contracting US economy might pause BTC’s rally. During the second quarter of
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The experts believe that blockchain technology has a promising future and it may be integrated into a lot of industries. TimeCoinProtocol is designed to enable the creation of decentralized sharing economy apps.Sharing is not an entirely new way of life. Shared goods have been around for ages, with the simplest
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