JPMorgan CEO Warns of Recession Threat, Higher Inflation, Stagflation
JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie […]
Bitcoin trades under $57K, but data suggests pro traders are not bearish
Bitcoin price fell closer to $56,000, leading traders to question whether the bull market is coming to an end. US job market data could hold the answer.This post was originally published on this site
Dubai Court Recognizes Cryptocurrency for Salary Payments
In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital currencies. The 2024 ruling, case number 1739 of 2024, contrasts with a 2023 decision where a similar claim was rejected […]
Wharton Professor Calls for Emergency Rate Cut Following Market Downturn
Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing […]
Hive Digital to expand operations to Paraguay for the first time
Bitcoin miner Hive Digital has plans to build a 100-megawatt mining facility in Paraguay powered by the nation’s Itaipu hydroelectric dam.This post was originally published on this site
Are Bitcoin traders losing hope? Top traders' metric hits two-week low
Bitcoin derivatives markets show less appetite for bullish positions. Is BTC price at risk?This post was originally published on this site
‘Extended reality’ to create 860K jobs by 2025: EU Commission
The European Commission has laid out its plans for becoming a “world leader” in Web 4.0 and the Metaverse. This post was originally published on this site
Can artificial intelligence create more jobs?
Despite negatively impacting the labor market, there are many reasons to think AI will eventually contribute to creating new jobs and economic growth.This post was originally published on this site
Over half of Americans fear ‘major impact’ by AI on workers: Survey
More respondents said AI will “hurt” American workers more than it will “help” them over the next 20 years.This post was originally published on this site
What is fiscal policy, and why does it matter?
Fiscal policy shapes economies through government spending, taxation and borrowing.This post was originally published on this site