Economics

  • by Tyler Durden
    Southwest Caves, Ditches Plan To Put Unvaccinated Staff On Unpaid Leave In Dec One day after hundreds of Southwest Airlines employees protested outside the carrier's Dallas headquarters against the company's pending Covid-19 vaccine mandate, the company has caved. DALLAS TX: Southwest employees chant “LET’S GO BRANDON” in front of the South West headquarters to protest […]
  • by Tyler Durden
    Biden Admin Has Released Over 16,000 COVID-Positive Migrants Into US: Whistleblower A whistleblower within the US Immigration and Customs Enforcement (ICE) claims that the Biden administration has released more than 16,000 Covid-positive migrants into the United States after they were not required to take the jab, according to Breitbart News' Randy Clark – a retired […]
  • by Tyler Durden
    Atlanta Fed Says US Economy Suddenly On Verge Of Contraction At a time when the Wall Street banks are scratching their heads for credible explanations why they are keeping (or raising) their year-end S&P targets at a time when economic growth is in freefall and inflation is soaring (read: stagflation), an unexpected source of honesty […]
  • by Tyler Durden
    LME Takes Action To Counter Copper Market Mayhem Update (1400ET): The London Metals Exchange said it would unleash its tools and it just did "in order to ensure market orderliness" in copper trading. Steps include: Amending certain requirements within the lending rules Imposing a limit on the backwardation for tom-next contracts Introducing a deferred delivery […]
  • by Tyler Durden
    Billionaire Supermarket Owner Warns: Food Prices Will Go Up "Tremendously" Authored by Jack Phillips via The Epoch Times, The owner of a New York City supermarket chain predicted the food prices will increase sharply in the coming months, with some increasing 10 percent in the next two months. John Catsimatidis, the billionaire supermarket owner of Gristedes and D’Agostino […]
  • by Tyler Durden
    Goldman Slashes Its Forecast Of "Build Back Better" Package Again, Now Sees Only $2 Trillion With Congressional Democrats in disarray thanks to the relentless stonewalling of Steve Manchin, and the fate of Biden's multi-trillion stimulus increasingly uncertain, overnight Goldman's political analyst Alec Phillips cut the bank's baseline forecast for the Democratic reconciliation to around $2 […]
  • by Tyler Durden
    Black Monday, 1987: Inside The Birth Of Stock Market Moral Hazard, 34 Years Ago Today Authored by Liam McPherson via Global Macro Monitor, Originally posted October 19, 2020. The following exchange took place between President Reagan and reporters after the market close on Black Monday, October 19, 1987.  Leaving to visit the First Lady in […]
  • by Tyler Durden
    Notorious Haitian Gang Demands $17 Million Ransom For Kidnapped Missionaries A local gang that days ago kidnapped a group of 17 American and Canadian missionaries in Haiti, among them children, is demanding a $17 million ransom to obtain their release, or $1 million for each person. Since the Saturday kidnapping which drove world headlines, the group has […]
  • by Nicholas Say
    Decentralized social network Subsocial creates communities for social networking and allows blockchain-based online activities like web publishing or blogging. In addition, it also has features including in-platform transactions, crowdfunding, and rewarding users. Social media platforms have exploded in popularity over the last decade and serve as a place where social interactions create an online society. […]
  • by Nicholas Say
    Three years ago, NFTs were a dime a dozen, with a total market value of no more than $40 million. However, the figure has already risen to many billions of US dollars. Because the market is expanding on a daily basis, it is hard to know how big the market is. The rapid rise in […]
  • by Oliver Dale
    Once it was clear that cryptocurrencies were not the only use case of blockchain, many new projects in diverse sectors started popping up. One of such sectors is gaming. A blockchain game, Splinterlands has surpassed other dApps to become the #1 decentralized application. Gaming has seen a lot of growth in the last five decades. […]
  • by Nicholas Say
    MojitoSwap, a decentralized exchange (DEX) based on the KCC protocol, has gone live. MojitoSwap was created by a group of KCS community members with the goal of providing easy access to the KCC DeFi ecosystem. Unlike a centralized exchange, a Decentralized Exchange, or DEX, offers people the ability to trade without trusting an exchange. To […]
  • by Nicholas Say
    The NFT boom was easy to spot in early 2021, with a bounce in trading volume and a lot of NFTs launched as the year went on. Applications for NFTs have been found in numerous areas, from fashion, art, to film and music. Just about any NFT that can be promoted is bought up just […]
  • by Nicholas Say
    The online payments supplier NETELLER officially made public today an innovative new service within its digital wallet service. This new feature allows users to withdraw fiat currency and instantly redirect these funds into any existing cryptocurrency address. NETELLER, a business division within the specialized payments-solution platform Paysafe (NYSE: PSFE), from now on is enabling its […]
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