Support Intelligent, In-Depth, Trustworthy Journalism.
It's been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value.
The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst of rising costs and an ongoing virus pandemic.
Fewer Americans applied for unemployment benefits last week, as layoffs continue to decline amid a strong job market rebound.
U.S. House lawmakers are threatening to seek a criminal investigation of Amazon, saying the tech giant has one "final chance" to correct previous testimony by executives on its competition practices.
The International Energy Agency said worldwide energy-related carbon dioxide emissions are on track to surge by 1.5 billion metric tons this year, following last year’s decline due to the coronavirus pandemic.
The same Bitcoin just one year ago would have cost $10,000. The price is up almost 200% in the last three months alone.
A closely-watched gauge for U.S. consumer confidence tumbled to a reading of 88.6 in December as rising coronavirus cases dragged American optimism to its lowest level since summer.
Consumer spending accounts for 70 percent of economic activity in the U.S., so a decline in confidence gets a lot of attention from economists, especially as the U.S. heads into the crucial holiday shopping season.
The U.S. will ban the use of WeChat Sunday to “safeguard the national security of the United States.”…
MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people.
Support Provided By:
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.
Thank you. Please check your inbox to confirm.