Quick Look U.S. consumer confidence dips to 106.7 in February from 110.9 in January. The economy grows at a 3.3% annual pace in Q4, with a strong job addition of 353,000 in January. Despite healthy economic indicators, Americans worry about a potential recession. The global stock index rises slightly, while the U.S. dollar weakens against …
February 2024: US Economic Growth vs. Recession Fears Read More »
Quick look Nvidia’s recent earnings report outperformed Wall Street expectations, sparking a rally in AI-related tech stocks. Despite the company’s success, Nvidia was not listed among The Motley Fool Stock Advisor’s top 10 recommended stocks for investors. The Stock Advisor service, known for tripling the S&P 500’s return since 2002, offers guidance on portfolio building …
Quick Look GOP senators introduced a bill to ban central bank digital currencies (CBDCs) in the U.S., citing privacy concerns. The proposed legislation, “The CBDC Anti-Surveillance State Act,” aims to prevent the Federal Reserve from issuing CBDCs. The Biden administration has shown interest in exploring the potential of CBDCs but awaits Congress’s approval for any …
Explosive Clash: GOP Battles Fed on Digital Dollar Ban Read More »
Quick Look NVIDIA unveils RTX 500 and 1000 Ada Generation Laptop GPUs, targeting professionals needing AI acceleration on the go. Featuring up to 682 TOPS of AI performance, these GPUs enhance a wide range of professional workflows, from content creation to scientific research. Incorporating the latest Ada Lovelace architecture, these GPUs offer significant AI processing, …
NVIDIA Revolutionizing AI-Enhanced Workflows on the Move Read More »
Quick Look GOP senators, led by Ted Cruz, propose legislation to block the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) without Congress’s approval. The legislation aims to prevent potential government surveillance and control over Americans’ financial transactions. The Biden administration prioritizes CBDC research for making payments more accessible and cheaper despite no …
Legislative and Global Efforts Shape the Future of Cryptocurrencies Read More »
Market turmoil expressed by Russia’s Feb. 24 invasion of Ukraine pushed the central bank to shutter trading entirely on Friday. Since then, the U.S. and U.K. have prohibited Russian oil imports. Fitch Ratings warned that default now seems “imminent,” and JPMorgan Chase & Co. and Bloomberg LP removed Russian assets from their indexes. The currency …
The full significance of cryptocurrencies like bitcoin was neutrality. The fact that no government, bank, or entity could stop you from using it, whether you were paying for a pizza, a forbidden book, or a bag of cocaine. That, of course, began changing as soon as crypto’s value made it the perfect medium for illegal …
As stated in data from Coin Metrics, the world’s biggest cryptocurrency by market cap was trading at $46,170.43 as of 8:42 p.m. ET Monday. As posted on its website, the firm is declared the world’s most prominent lending institution in the digital finance industry. It stated that the company has published more than $6 billion …
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