The Federal Reserve Bank of Chicago’s National Activity Index held at minus 0.19 in June, the first back-to-back negative readings since the pandemic started in early 2020. The three-month average, which smooths out monthly volatility, slipped to minus 0.04 in June from 0.09 a month earlier. Periods of economic expansion have historically been associated with
The travel chaos seen around the main Channel ports of England since the end of last week has demonstrated how quickly the arterial link for tourism and trade between the Britain and the EU can clog up. In the first big test for post-Brexit border checks, with thousands of families embarking on their summer holidays,
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Kevin Matras goes over a neutral option strategy that you put on as a credit in your account. Find out now how an Iron Condor strategy works.
Chicago could use fines generated from its automated speed enforcement cameras for public safety pension contributions under legislation proposed by a Republican state lawmaker. “Speed cameras are a function of public safety. It just makes sense that the revenue they generate goes back into keeping our streets safe,” said state Rep. Mark Batinick, R-Plainfield. “This
Puerto Rico general fund net revenue for the first 11 months of fiscal year 2022 was 12.8% above the Puerto Rico Oversight Board’s most recent projection. In the July 2021 to May 2022 period revenue was also 16.8% above the same months a year earlier, according to information released Friday. Puerto Rico’s general fund revenue
Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market. In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of its Bitcoin holdings, according
President Joe Biden has nominated Shailen Bhatt, a former state transportation official with public-private partnership experience, to lead the Federal Highway Administration. The FHWA has been without an administrator since Biden took office. Deputy director Stephanie Pollack, who has been leading the department, reportedly did not want the top spot. If the Senate confirms the
Russia will slash gas supplies through its largest pipeline to Germany to just a fifth of capacity later this week in a move that threatens to leave the continent short of critical supplies ahead of the winter. State-owned energy group Gazprom said it would cut existing flows on the Nord Stream 1 pipeline in half
James Howells, a British man who mistakenly discarded a hard drive containing roughly 7,500 Bitcoin in 2013 has reportedly started looking at having robots and humans work together to retrieve his crypto from a local landfill. According to a Sunday report from Business Insider, Howells has pitched an $11-million idea to locate and recover the
Ukraine hopes to start implementing a deal to export millions of tonnes of grain from blockaded Black Sea ports as soon as this week, even after Russian missile strikes hit the key Ukrainian port city of Odesa and threatened to unravel the agreement. Preparations include demining essential areas for maritime traffic and setting up special
In this article NEM JD RYAAY Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland. Jason Cairnduff | Reuters Check out the companies making headlines in midday trading Monday. Newmont — Newmont shares tumbled 11.9% after the mining company reported a disappointing second-quarter profit. The company reported
Just recently, coinjournal.net published a report that shows the number of cryptocurrency exchanges that have failed during the last eight years. Interestingly, the researcher’s data shows that 42% of failed crypto asset trading platforms disappeared without a trace, giving users no explanation as to why the exchange shut down. During the Past 8 Years, Research
Texas is a hot spot of convention center financing with Dallas, Fort Worth and Austin readying expansion projects on the premise that a bigger venue will attract bigger shows and generate larger revenues and economic benefits. With the impact of the COVID-19 pandemic — which brought trade shows to an abrupt halt in 2020 —
Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance. Bitcoin gives up more key levels Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it consolidated after falling from $23,000 overnight. The pair echoed equities in cool trading prior to the July
Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market. However, the fall of 3AC wasn’t purely a market-driven phenomenon. As more information surfaced, the collapse looked more like a self-inflicted
Wall Street stock markets put in a mixed performance on Monday as cautious investors looked ahead to a week of big tech earnings and a crucial interest rate decision from the US Federal Reserve. The broad S&P 500 equity gauge edged 0.1 per cent higher. A fall in the S&P’s technology sector was balanced by
Florida’s unemployment rate dropped to 2.8% in June as the state’s labor force continued to grow, according to the state Department of Economic Opportunity. The state’s unemployment rate has declined or held steady for 23 straight months, DEO said Friday. The national unemployment rate remained unchanged at 3.6% in June. Florida’s labor force grew by
A friend of mine who is a seasoned Web2 tech executive joined a Web3 company in June. A switched-on operator, he asked to speak with all 16 staff before deciding to join the firm. This shows that Web3 joiners need to really hone in on the mission when jumping ship from the old tech world.
Ethereum’s native token Ether (ETH) tumbled on July 26, reducing hopes of an extended price recovery. The ETH/USD pair dropped by roughly 5%, followed by a modest rebound to over $1,550. Ethereum gets rejected at $1,650 These overnight moves liquidated over $80 million worth of Ether positions in the last 24 hours, data from CoinGlass