Economics

Consumers Report Growing Financial Pessimism

New data from the University of Michigan's consumer sentiment survey reveals a sharp decline in confidence.

Jun 19, 2024

by Staff

Economics

Alarming Data Confirms Full-Blown Recession

Recent economic indicators reveal the U.S. is on the brink of a recession, with weak retail sales, declining employment, and rising consumer pessimism confirming a significant economic downturn.

Jun 19, 2024

by Staff

Bitcoin Mining

Bitmain Introduces Antminer S21XP at 13.5 J/TH Efficiency

Bitmain has launched the Antminer S21XP, featuring an energy efficiency of 13.5 J/TH and a hashrate capacity of 270 TH/s.

Jun 18, 2024

by Staff

Economics

Federal Budget Deficit Projection Rises by $400 Billion

The CBO has increased the federal budget deficit projection by $400 billion for this year, driven by higher spending on military, student loans, Medicaid, and FDIC insurance.

Jun 18, 2024

by Staff

Bitcoin Mining

CleanSpark Invests $26M in 60MW Bitcoin Mining Sites

CleanSpark has acquired five new bitcoin mining sites in rural Georgia for $25.8 million, adding 60 MW of capacity.

Jun 18, 2024

by Staff

podcasts

TFTC - Understanding the Bitcoin Cash and Carry Trade ｜ James Check

James Check delves into the Bitcoin market, focusing on the impact of futures markets, the success of Bitcoin ETFs, and the nuances of the cash and carry trade.

Jun 18, 2024

by Staff

Economics

The Fallout of California's Minimum Wage Increase

California's recent minimum wage increase to $20 for fast food workers and $23 for healthcare aides has led to significant layoffs, business closures, and rising automation, challenging the viability of entry-level employment.

Jun 18, 2024

by Staff

privacy

Signal President Criticizes EU’s Proposed "Upload Moderation" for Encrypted Chats

Signal President Meredith Whittaker criticizes the EU's proposed "upload moderation" for encrypted chats, arguing it undermines end-to-end encryption and threatens privacy.

Jun 18, 2024

by Staff

Economics

Why Americans Are Losing Faith in the Economy

Consumer confidence in the U.S. has dropped sharply in June, reflecting growing concerns over high prices, weakening incomes, and a disconnect between Federal Reserve projections and market sentiment.

Jun 17, 2024

by Staff

ETF

Australian Securities Exchange Approves First Spot Bitcoin ETF by VanEck

The Australian Securities Exchange (ASX) has approved its first spot Bitcoin ETF by VanEck, set to launch on June 20.

Jun 17, 2024

by Staff

Health

Pfizer Faces Lawsuit from Kansas Over Misleading COVID Vaccine Statements

Kansas has filed a lawsuit against Pfizer, alleging that the company made misleading statements about its COVID-19 vaccine, concealing potential risks and exaggerating its effectiveness.

Jun 17, 2024

by Staff

energy

Biden Eyes SPR Release to Curb Gas Prices

Joe Biden's administration is considering releasing more oil from the Strategic Petroleum Reserve to curb rising fuel costs.

Jun 17, 2024

by Staff

Economics

How Bidenomics Is Crushing Generation Z

Bidenomics is hitting Gen Z hard, with young Americans increasingly maxing out credit cards as necessities like food and rent skyrocket.

Jun 17, 2024

by EJ Antoni

Bitcoin Mining

US-Listed Bitcoin Miners Hit Record Market Cap of $22.8B

A JPMorgan report reveals that U.S.-listed Bitcoin mining companies have reached a record market capitalization of $22.8 billion as of mid-June.

Jun 17, 2024

by Staff