Black Thursday

El Salvador has invested heavily in bitcoin and related infrastructure in a bold plan to build its economy around the cryptocurrency, but now its value has plummeted Technology | Analysis 16 June 2022 By Luke Taylor A bitcoin sign in the window of a phone shop in San Salvador, El…

Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,” the U.S. economy could collapse. Pershing Square Founder Bill Ackman Thinks ‘Inflation Is out…

2022 market meltdown looks like dot-com crash 2.0. Recession next? | Fortune Read More

Key Takeaways Goldman Sachs doesn't think the downward momentum in the crypto market will have a major impact on the economy. Economists at the investment bank noted how crypto is small relative to overall household net worth. The crypto market is in its seventh month of weak price action, with…

More than two years on from the first cases being detected in Wuhan, China is battling the “worst Covid-19 outbreak” it has seen since the early days of the pandemic, said Jessie Yeung on CNN (New York). Fuelled by the Omicron variant, cases have rocketed to above 5,000 a day. That…

Please try another search EconomyMar 24, 2022 06:20PM ET © Reuters. FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) - The…

Watch a trailer for WeCrashed In age of the gig economy where corporate start-ups, LinkedIn entreprenuers and freewheeling wordsmiths define a culture, new Apple TV original WeCrashed feels surprisingly serendipitous. Following hot on the heels of Disney+ show The Dropout, this Apple original celebrates innovation, invention and sheer messianic fervour…

Daily Graphic Why Deputy Speakers can vote – Supreme Court explainsLa General Hospital construction beginsThe Finder 469 killed in two months of 2022 in road crashes; a decrease of 9.28% as motorcycles alone killed 205NPP forms available online – John BoaduEconomy Times BoG likely to hike policy rateFuel shortage imminent…

WASHINGTON (AP) — The harsh sanctions imposed on Russia and the resulting crash of the ruble have the Kremlin scrambling to keep the country’s economy running. For Vladimir Putin, that means finding workarounds to the Western economic blockade even as his forces continue to invade Ukraine. Former Treasury Department officials…

This week’s bad economic news is that inflation, as measured by the Consumer Price Index, hit a forty-year high of 7.5 per cent in January. The even worse news is that there is now a serious danger that the Federal Reserve will overreact and drag the economy into a recession…