The U.S. Federal Reserve should hike interest rates as early as March. Meanwhile, its Chinese counterpart has trekked up monetary easing to support a slowing economy. Hence it is raising worries about possible capital outflows because of the policy divergence. The Deterioration of China’s Currency During the prior round of Fed tightening in 2018, China’s …
The industrial economy still hasn’t seen a substantial recovery because of the global epidemic, deteriorating trade growth, lack of consumer demand, and other factors, Luo Junjie told reporters. Luo said in Mandarin that on top of that, recently, the COVID-19 has spread to many places. In the first quarter of the year, the industrial economy …
China Factories Encounter Large downward Pressures Read More »
Multinational tech conglomerate Meta is reportedly dipping into nonfungible tokens (NFTs) by incorporating a feature that will let users show off their NFTs on their Facebook and Instagram profiles. The report states that Meta works on prototypes that permit users to mint collectible tokens. Meta also wants to potentially launch a marketplace that allows the …
Meta Plans to Integrate NFTs on Fb and Instagram Read More »
Streaming worldwide demand, supply outages, and international political tension have stoked fears around crude supplies. They caused an increase in oil prices to the highest levels in seven years. Some crude prices even hit $100 per barrel. That has brought in more consumers of U.S. oil, rising exports, and decreasing domestic crude stockpiles. U.S. seaborne …
Peloton Interactive Inc. said late Thursday that it is considering resizing its workforce and resetting production levels. The statement came after CNBC reported that the company would temporarily halt manufacturing some connected fitness equipment. According to the publication, Peloton will pause the production of its $1,495.00 lower-end bike from February to March. The stoppage came …
Peloton Plans to Cut Workforce and Reset Production Read More »
The markets had a great year in 2021. Stocks were up to new record highs, driving investors’ wealth further up. However, with the recent developments in the ongoing global health crisis, investors worldwide grew concerned, and markets entered a significant correction. The worry and uncertainty carried on in 2022 and resulted in the markets starting …
4 Things Your Investment Portfolio Needs in 2022 Read More »
Shares of Netflix Inc. slumped 20.28% on Thursday extended trading after it reported weaker first-quarter guidance on subscriber growth. The American streaming giant lost 103.05 points to $405.20 per share, wiping almost all its pandemic-fuelled gains. The downturn also trailed its fall of 1.48% or 7.61 points to $508.25 per share in the regular trading …
Alphabet Inc.’s Google said that it would heighten its enforcement of an age-sensitive ad policy in conformance with UK regulations. The move came after reports found advertisements for sex toys, liquor, and high-risk investments in its search engine. Correspondingly, the tech giant responded to address the issue immediately. It also explained there is a mislabelling …
Google to Refine Pursuance of Children’s Ads Policy Read More »
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