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News & Articles By Cassie B.
09/14/2023
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By Cassie B.
GREEN MIRAGE: World’s biggest offshore wind farm developer warns industry is in serious trouble
The offshore wind industry is in trouble both at home and abroad as it fails to live up to expectations as a dependable source of “green energy.” The world’s biggest offshore wind farm developer, the Danish energy firm Orsted, has seen its value fall by 31 percent since declaring $2.3 billion of U.S. impairments last […]
08/17/2023
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By Cassie B.
American families are spending $709 a month more than two years ago due to Biden’s inflation
The Biden administration has been doing its best to downplay the inflation that Americans are currently dealing with, but Moody’s Analytics recently put a dollar amount on just how much the country’s economic woes have been costing us. According to the chief economist at Moody’s, Mark Zandi, Americans are now spending more than $700 a […]
08/11/2023
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By Cassie B.
PayPal launches its own USD-backed stablecoin for transfers and payments
PayPal has become the country’s first major financial company to issue its own stablecoin backed by the U.S. dollar. PayPal USD (PYUSD) will be redeemable 1:1 for American dollars, according to the company. This means that one U.S. dollar can be redeemed for one PayPal USD and vice versa. As a stablecoin, it is backed […]
08/11/2023
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By Cassie B.
Americans’ credit card debt reaches a record-setting $1 trillion in the face of inflation and rising expenses
The New York Federal Reserve has reported that aggregate credit card balances climbed during the second quarter of this year and exceeded $1 trillion for the first time on record as Americans are increasingly relying on credit cards to cover their expenses. In the period from April through June, total credit card and indebtedness climbed […]
08/01/2023
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By Cassie B.
Half of Millennials and Gen Zers would rather focus on themselves than have children
New research has revealed that a sizable percentage of millennials and those in Gen Z do not have plans to start a family, citing reasons ranging from career aspirations and finances to the environment. According to OnePoll, who surveyed 1,000 British adults aged 18 to 34, just 55 percent of people in this age range […]
07/31/2023
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By Cassie B.
Ford loses billions on electric vehicles, reduces its EV production target
Ford has announced that it expects to lose $4.5 billion in its electric vehicles division, “Ford Model e,” this year. This marks a significant rise over its previous loss projection of $3 billion. It has lost $1.8 billion on the vehicles so far this year. It’s just the latest bad news for Ford Model e, […]
07/20/2023
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By Cassie B.
Russia plans to start testing its digital ruble CBDC this summer
Russian lawmakers have approved the development of a digital ruble, and it could begin testing later this summer. While the bill has already passed through Russia’s higher legislative body, it must obtain a signature from President Vladimir Putin before it can go into effect. The Russian central bank reportedly plans to launch a test of […]
07/19/2023
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By Cassie B.
BlackRock’s spot Bitcoin ETF application formally accepted for review by SEC
In a move that many are welcoming as a positive sign for the future of cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has added an application from BlackRock for a spot Bitcoin ETF to its official docket. BlackRock is the biggest asset management firm in the world, and its application, which was filed in […]
07/06/2023
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By Cassie B.
Desperate French government trying to convince tourists that it is safe to visit the country despite ongoing rioting
Ongoing rioting across France has resulted in at least $1.1 billion in damage, according to newly released figures, and many are concerned the violence will hurt the country’s tourism industry. Geoffroy Roux de Bezieux, the head of the French business group MEDEF, said that hundreds of members have reported being attacked during the rioting, with […]
06/29/2023
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By Cassie B.
HSBC brings cryptocurrency trading services to its online investment platform in Hong Kong
Hong Kong’s biggest bank, HSBC, is now offering its customers local cryptocurrency trading services, making it the first bank in Hong Kong to offer clients this functionality through its online platform. Crypto investment products have been listed on the Hong Kong Stock Exchange since December and the bank allows its customers to trade all publicly […]
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