Richmond Fed Barkin on US economic recovery, potential scars

[ad_1] Pedestrians walk outside the New York Stock Exchange in the United States Daniel Acker | Bloomberg | Getty Images The US economy is recovering from the Covid-19 recession, but some economic “scars” may take time to heal, Richmond Federal Reserve Chairman Thomas Barkin said. Economic scars refer to the damage left by crises that … Read more

Turkish lira plunges after Erdogan sacked central bank

[ad_1] The currency was trading at around 8.12 per US dollar on Monday, weakening about 12% from Friday. He had slipped even more against the greenback earlier in the morning. The lira’s fall came after Erdogan sacked Turkish central bank governor Naci Agbal by presidential decree early Saturday. Agbal had worked less than five months … Read more

Fed could raise rates before 2023: NABE

[ad_1] Sen. Ron Johnson, R-Wis., Argues that Democrats “ take credit for a good economy ”, but “ won’t take the blame when their tax hikes hurt in the long run. ” The National Association for Business Economics (NABE) ‘s March 2020 economic policy survey found that nearly half of respondents believe the Federal Reserve … Read more

Tesla Motors (TSLA) – Beeple says NFT Art is ‘absolutely’ in a bubble after making $ 69 million in such sale

[ad_1] Artist Mike Winkelmann, better known as Beeple, said on Sunday that non-fungible symbolic art was in a bubble. What happened: Winkelmann made his comments to “Fox News Sunday,” where he said NFT art was “absolutely” in a bubble, Bloomberg reported. “I absolutely think it’s a bubble, to be completely honest. I go back to … Read more

Jeep unveils all-electric Wrangler concept SUV

[ad_1] The Jeep Wrangler Magneto Concept is a fully electric SUV based on a two-door 2020 Jeep Wrangler Rubicon. Jeep EMBARGO FOR 12:01 AM MONDAY March 22. Jeep has unveiled a new all-electric version of its iconic Wrangler SUV, but consumers will likely have to wait at least a few years to purchase one. The … Read more

Bitcoin mining stocks have outperformed BTC by 455% in the past 12 months

[ad_1] Despite the losses of the major publicly traded Bitcoin mining companies, their stock prices have significantly outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital asset strategy Leeor Shimron shared his analysis of the market performance of the four largest publicly traded mining companies – Marathon Digital Holdings, … Read more

Apple to pay $ 308.5 million for technology patent infringement in iTunes

[ad_1] Photo: Lionel Bonaventure / AFP (Getty Images) A years-old fight over the technology Apple uses in iTunes, App Store, and Apple Music has a new development. A Texas federal jury said on Friday that Apple had effectively infringed a patent for digital rights management technology owned by Personalized Media Communications. As a result, he … Read more