Economics

China's Central Bank Scrambles to Stabilize Yuan as Economic Pressures Mount

China's Central Bank battles to stabilize the yuan amid escalating economic pressures and global market uncertainties.

Apr 18, 2024

by Staff

Bitcoin Mining

Riot Platforms Energizes Substation at New Corsicana Mining Facility in Texas

Riot Platforms has activated a substation at its Corsicana Facility in Texas, marking a significant phase in establishing what is expected to be the world's largest Bitcoin mining operation.

Apr 18, 2024

by Staff

Culture

New Study Challenges the Effectiveness of DEI Initiatives on Corporate Profits

A recent study in Econ Journal Watch refutes prior claims by McKinsey & Company, showing no empirical support for the financial benefits of increased executive diversity in large U.S. firms.

Apr 18, 2024

by Staff

energy

Signs of Stalling in U.S. Shale Oil Production Growth

U.S. shale oil production shows signs of peaking, potentially altering global supply dynamics and impacting oil prices.

Apr 18, 2024

by Staff

Bitcoin Mining

Swedish Bitcoin Miners Face $90 Million Tax Bill After Investigation

Sweden's Skatteverket has levied a $90 million tax demand on 18 bitcoin mining companies after a tax evasion investigation.

Apr 18, 2024

by Staff

energy

U.S. to Reimpose Oil and Gas Sanctions on Venezuela

The Biden administration will reimpose sanctions on Venezuela's oil and gas sectors due to non-compliance with the Barbados Agreement's electoral conditions.

Apr 18, 2024

by Staff

Bitcoin

Bitcoin Developers Prevail as Craig Wright Ends Lawsuit in UK High Court

The Bitcoin community has achieved a major legal victory as Craig Wright discontinues his UK High Court lawsuit against 12 developers, affirming their contributions and shielding the wider open source community from similar legal challenges.

Apr 18, 2024

by Staff

Economics

Small Business Optimism Plummets Amid Inflation and Labor Shortages

Small business optimism in the U.S. has plummeted to an 11-year low due to persistent inflation and labor shortages, revealing significant challenges in managing rising costs and difficulties in hiring.

Apr 18, 2024

by Staff

Economics

The Threat of a Deflationary Spiral in China’s Economy

China's economy is experiencing worrying deflationary pressures due to soaring household debt, with significant implications for the global economic landscape.

Apr 18, 2024

by Staff

Markets

Housing Market Hits a New Low, Down 15% in Just One Month

The recent 15% month-over-month drop in housing construction, alongside a fluctuation in oil prices, underscores vulnerabilities in key sectors influenced by rising interest rates and shifting geopolitical sentiments.

Apr 18, 2024

by Staff

AI

‘AI Doomer’ Paul Christiano Appointed to Lead US AI Safety Efforts

Paul Christiano, known for his grim predictions about AI, has been appointed to lead the US AI Safety Institute at NIST, sparking internal and external debates over his influence on the institute’s focus and integrity.

Apr 17, 2024

by Staff

energy

Newsom Signs 'Climate Collaboration' Agreement with Norway

California Governor Gavin Newsom has signed a memorandum of understanding with Norway, aiming to mitigate the economic impact of the state's aggressive climate policies on Californians.

Apr 17, 2024

by Staff

Economics

IMF Warns US and China Fiscal Deficits Pose Global Economic Risks

The IMF warns that substantial fiscal deficits in the US and China pose serious risks to global economic stability and could disrupt inflation management and financial stability.

Apr 17, 2024

by Staff

Marty's Ƀent

Carbon Taxes And Credits Are The Biggest Scam Going Right Now

Carbon taxes and credits are the biggest scam going and they are going to make everything more expensive.

Apr 17, 2024

by Marty Bent