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shrinking

Tariffs and $38 trillion national debt: Hassett sees deficit cuts, Bessent sees ‘shrinking ice cube’

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Kevin Hassett, director of the National Economic Council and the current favorite to take over as Federal Reserve chairman, argued on Thursday President Donald Trump’s sweeping tariffs are playing a meaningful role in tackling America’s $38 trillion national debt. In conversation with billionaire David Rubenstein, the Carlyle cofounder, Hassett argued the first step to tackling … Read more

With entry-level hiring shrinking, Gen Z turns to double majoring for protection from AI

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For many, the new saving grace is double majoring. At public and private colleges across the country, the pursuit of two distinct focuses is seeing an exponential rise, according to data analyzed by The Hechinger Report. At Drexel University, the number of double majors jumped 591% between 2014 and 2024. At Harvard, the practice has … Read more

Centralized technology is shrinking the internet

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The internet maintains the illusion of an infinite scroll, with more pages of text and hours of video than we could ever consume in 100 lifetimes. The reality is that this “infinite … Read more

MARA CEO warns shrinking Bitcoin mining margins due to rising costs

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Key Takeaways Bitcoin mining margins are shrinking due to rising energy costs, as highlighted by MARA CEO Fred Thiel. Competition for power resources from AI and high-performance computing is further increasing cost pressures on Bitcoin miners. Share this article MARA Holdings CEO Fred Thiel warned that Bitcoin mining margins are shrinking as rising energy costs … Read more

Russia’s central bank reveals GDP is shrinking, a sign Putin’s war economy is in recession

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The Bank of Russia lowered benchmark rates again on Friday and denied the economy is in a recession, even after its own data showed GDP has been shrinking this year. The latest cut brought rates down by 1 percentage point to 17% and marked the third reduction since June as sky-high borrowing costs have helped … Read more

Ethereum price may rally amid shrinking Binance supply

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Shrinking exchange balances on Binance suggest Ethereum holders are pulling coins off the market, a move that could tighten supply and set the stage for next rally. Summary Ethereum price is at $4,330, consolidating just under $4,400 after a late August peak. Binance’s Ethereum supply ratio fell from 0.041 to 0.037, suggesting reduced sell pressure. … Read more

The fight to revive Europe’s shrinking rural areas

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Nicolás de la Fuente, a 92-year-old walking his dog on the desolate streets of Molezuelas de la Carballeda, remembers the Spanish village’s heyday as a flourishing farming community. “We had everything,” he recalls. “There were five herds of 500 sheep each. There were two herds of 600 goats. There were cows, 200 or 300. And … Read more

Jamie Dimon gets real with Europe about shrinking to just 65% of American GDP over 10-15 years: ‘That’s not good’

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JPMorgan Chase CEO Jamie Dimon delivered a stark assessment of Europe’s economic prospects at an event in Dublin hosted by Ireland’s foreign ministry, warning that the continent faces a growing competitiveness crisis. Dimon highlighted a dramatic shift in Europe’s economic standing relative to the U.S. “Europe has gone from 90% of U.S. GDP to 65% … Read more

Trump tariffs would cut deficits by $2.8 trillion over 10 years—while shrinking the economy and raising inflation, CBO says

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President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office. The numbers were revealed in a letter sent to Democratic congressional leadership outlining how the Trump administration’s … Read more

AI may already be shrinking entry-level jobs in tech, new research suggests

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If and when AI will start replacing human labor has been the subject of numerous debates.   While it’s still hard to say with certainty if AI is beginning to take over roles previously done by humans, a recent survey from the World Economic Forum found that 40% of employers intend to cut staff where AI … Read more

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