Household debt exceeded $15 trillion for the first time in the third quarter, as increasing prices pushed up balances for homes and autos, the New York Federal Reserve announced Tuesday. Mortgages increased 2.2% to approximately $10.7 trillion, and autos raised $28 billion as a component of an overall $286 billion rise in debt, bringing the …
Youth activists on the frontlines of the climate crisis have arrived at the COP26 summit to force for an end to inaction, forcing politicians and business leaders to do all they can to meet the crucial goal of capping global heating to 1.5 degrees Celsius. Tens of thousands of protesters paraded through the rainy streets …
The COP26 climate summit opened its second and closing week of discussions on Monday. National delegations worked behind closed doors to strike the all-important goal of capping global warming at 1.5 degrees Celsius. Ministers coming to Scotland’s most populous city of Glasgow early this week will attempt to resolve sticking points. Moreover, they should conclude …
USDDKK In September, service-oriented industries skyrocketed buoyed by the resumption of U.S. economic activities. The services purchasing managers’ index increased to 54.9 points, higher than analysts’ 54.4 points consensus estimates. However, it is still lower than August’s 55.1 record. Additionally, the manufacturing PMI came in at 60.7 points, surpassing the 60.5 projections. Yet, slightly below …
Afghanistan is projecting to have trillions of dollars in rare earth metals. Countries are interested in swooping in on the country, such as China, must go by international rules. According to Shamaila Khan, AllianceBernstein’s director of emerging market debt, the Taliban militants have emerged with resources. They are a “very frightening prospect for the globe,” …
Uruguayan senator introduced a bill that will allow businesses to take cryptocurrencies as payments and regulate their use in the country. On Tuesday, Sen. Juan Sartori introduced the bill to provide financial, legal, and fiscal security in the business acquired from the commercialization and production of cryptocurrencies. Country law will recognize and accept Crypto assets. …
Uruguayan Lawmaker Proposes Bill Support Crypto for Payments Read More »
On Thursday, July 22, world stocks remained high as the stock market in the United States, Europe, and Asia held firm on their strengths after yesterday’s bounce from week-lows. The MSCI Global Index increased 1.03%, with a net gain of $30.861. This sent the stocks higher at $3,036.72 per share. Likewise, the MSCI All Countries …
World Stocks Remained High, MSCI Global Index up 1.03% Read More »
Crypto asset companies encounter a tough choice: learn to live with regulators or experience their madness. The Big Crypto industry includes exchanges such as Coinbase and Binance with issuers of stablecoins backed by other assets, like USD Coin backer Circle and Tether. These exchanges process several billions of dollars each month while the market value …
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