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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
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
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
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
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
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
Michael J. Fox is pausing his retirement to join the cast of Shrinking season 3. Fox, 63, will guest star on the Apple TV+ series starring Harrison Ford and Jason Segel, according to Deadline. Details of his role are under wraps as season 3 is currently in production. By joining the Emmy-nominated dramedy, Fox will … Read more
eXp Realty founder Glenn Sanford built the largest independent real estate brokerage in the world, with about 83,000 agents, by promising to share the company’s revenue with his staff. But a decline in agents on his watch for the first time ever suggests the revenue-sharing model that put eXp Realty on the map might now … Read more
Wall Street suffered a massive case of sticker shock when President Donald Trump unveiled his latest round of tariffs on “Liberation Day,” wiping out $6 trillion in market cap. But the flip side of the much higher-than-anticipated duties is a potential revenue windfall that could help clear the way for getting bigger tax cuts passed … Read more
In her 2012 book, Addiction by Design, anthropologist Natasha Dow Schüll lays out the different technological mechanisms casinos employ to keep people gambling. From the architecture of buildings and placement of ATMs to the design of casino carpets—all of it exemplifies strategic calculation. As a blurb for a gambling trade show once put it, the … Read more
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