[Global Trade, DepositPhotos] The ongoing COVID-19 pandemic has touched just about every part of the economy, and the jobs market as a whole has gone into alarming freefall, despite the government’s job retention measures. Where are the jobs going? The sectors which have struggled most are, by and large, the ones you […]
Read More
[CNBC] KEY POINTS President Donald Trump on Thursday issued executive orders banning U.S. transactions with Chinese tech firms Tencent and ByteDance. Tencent owns the messaging service WeChat and ByteDance owns the popular short-video-sharing app TikTok. The ban will take effect in 45 days. While the scope of the bans remain […]
Read More
[Decrypt, Shutterstock] The rise in the price of ETH means the vast majority of people who have bought the token are in profit. More than 90% of those who own Ethereum’s ETH token right now bought the cryptocurrency at a lower price than it is currently, according to data from […]
Read More
[The Motley Fool, Getty Images] Investors who can see past the market volatility and coronavirus dust cloud will find some still-solid local names. The U.S. stock market may have been roaring higher at the beginning of last month, but July ended on a low note. Forward progress has stopped altogether. […]
Read More
[New York Post] A man in Florida reportedly purchased a brand new Porsche with a check he printed on a home computer — and then decided to splurge on some watches. Casey William Kelley, 42, cashed in the nearly $140,000 check at a local car dealership on Tuesday but was […]
Read More
[CNBC] KEY POINTS Microsoft’s statements on Sunday marked the company’s first confirmation of talks it has held to acquire the popular social-media app. Other investors could participate in an acquisition alongside Microsoft, according to the company statement. Microsoft on Sunday confirmed that it has held talks with Chinese technology company ByteDance […]
Read More
[Coindesk, Getty Images] Ethereum is still the most popular off-chain destination for bitcoins as its supply of tokenized bitcoin (BTC) grew more than 70% in July. More than 20,000 BTC — worth roughly $225 million — are now tokenized and used in Ethereum-based protocols. Wrapped Bitcoin (WBTC) represents over 76% of the […]
Read More
[Business Insider] The nation’s public mail service USPS announced a sweeping overhaul to its organization Friday that displaced the agency’s two top executives. The new structure follows previous changes the agency made under the leadership of Louis DeJoy that Democratic lawmakers say put USPS’s ability to field scores of mail-in […]
Read More
[CNBC] “The year for active management.” That’s how Doug Yones, head of exchange-traded products at the New York Stock Exchange, characterized 2020 in a recent research note on the state of the industry. So far, that has proven out as ETFs continue to grow in number. There were 2,639 ETFs […]
Read More
[Weather Channel] At a Glance Hurricane conditions are expected over portions of the northern Bahamas Saturday. Impacts will be felt in parts of Florida later Saturday. Hurricane conditions could reach South Florida Saturday night. The forecast for this system is still uncertain. Isaias may ultimately impact a sizable swath of […]
Read More