Bitcoin leads cryptocurrency market meltdown amid concerns over global equity markets
The digital asset lost as much as 10% during the day’s trading, falling to $43,692.57, according to Coin Metrics. Other cryptocurrencies were also in the red, with ether losing 9% to $3,038.74 and XRP becoming the worst performer, down 14% on Monday.“This sell-off is the continuation of a well-established pattern where traders cash in their riskier assets to cover margin calls or sit on the sidelines until markets calm down and they feel more comfortable going back into riskier positions,” Leah Wald, CEO at crypto asset manager Valkyrie Investments, told CNBC. “If ever bitcoin had the opportunity to establish itself as a safe haven or as digital gold, with US companies also signaling their earnings calls are going to reveal poor results, now feels like the time.” … [READ MORE...]
The Mannings Give TV Sports Yet Another Alternate Viewing Option
“We really lean into a specific driver for a little bit longer, and it creates a stronger bond between the driver and audience,” Flood said.If the future of sports watching is fans choosing exactly the kind of announcer or experience they want, why not take the idea further? Amazon, which shows N.F.L. games on Thursdays and owns the rights for a number of different sports in Europe, already provides several different commentary streams for those games.But Amazon also owns Twitch, the streaming platform most heavily associated with video games — where at any given moment you can find thousands of people, some of them professionals with a huge audience and some of them amateurs with no audience, commenting while playing video games or doing other things. Amazon has shown some games on Twitch … [READ MORE...]
100 Isn’t a Magic Number, So Why Is It Part of the Vaccine Mandate?
But if you want a small-business loan? There, the government’s definition is far more expansive. The Small Business Administration, which orchestrated the popular Paycheck Protection Program, generally considers any company with fewer than 500 employees a “small” one. Unless you’re in one of dozens of industries with exceptions, which are detailed in a 49-page document that can seem almost whimsical in its divisions. A company that mines gold ore counts as small if it has up to 1,500 employees, but the limit falls to 750 for iron miners and just 250 for those that extract silver.One thing about tiny companies is clear: They vastly outnumber their bigger brethren. The government estimates that there are nearly 32 million small businesses in America. Most have no employees beyond the owner. … [READ MORE...]
Latest News
Why Washington Worries About Stablecoins
That makes them the type of financial product “macroeconomic disasters usually come from,” said Morgan Ricks, a professor at Vanderbilt University Law School and former policy adviser at the Treasury Department. “The stakes are really, really high here.”That said, some people — including George Selgin, director of the Center for Monetary and Financial Alternatives at the Cato Institute — argue that because stablecoins are used as a niche currency and not as an investment, they may be less prone … [Read More...]
Poverty in U.S. Declined Thanks to Government Aid, Census Report Shows
The government defines poverty, under the more comprehensive definition, as an income level below about $30,000 for a family of four, although the exact threshold varies depending on family size, homeownership status and regional housing costs.The decline in poverty last year was broad-based. It fell among all racial and ethnic groups, among all family types, and among Americans at every age and education level.But government programs excluded some groups, such as undocumented immigrants and … [Read More...]
Should Biden Reappoint Jerome Powell? It Depends on His Theory of Change.
It is a distinctly different background and persona from Mr. Powell, a 68-year-old Princeton graduate who worked as a Wall Street dealmaker and private equity executive. He served in the George H.W. Bush administration, and was appointed to lead the central bank by President Donald J. Trump.He has also become, in recent years, a full-fledged convert to the religion of full employment. This is the view that the Fed should allow the economy to run hot enough that opportunity opens to people across … [Read More...]
House Democrats’ Plan to Tax the Rich Leaves Vast Fortunes Unscathed
The proposal includes substantial measures to raise taxes on the rich. Taxable income over $450,000 — or $400,000 for unmarried individuals — would be taxed at 39.6 percent, the top rate before President Donald J. Trump’s 2017 tax cut brought it to 37 percent. The top capital gains rate would rise to 25 percent from 20 percent, considerably less than a White House proposal that would have taxed investment gains as income for the richest, at 39.6 percent.Under the committee’s plan, a 3 percent … [Read More...]
Previous news
- How House Democrats Plan to Raise $2.9 Trillion for a Safety Net
- In Social Policy Bill, Businesses See a Lot to Like. They Oppose It.
- Biden’s New Vaccine Push Is a Fight for the U.S. Economy
- Fed Officials’ Trading Draws Outcry, and Fuels Calls for Accountability
- E.C.B. Will Slow Its Crisis-Era Bond Buying
Small Business
100 Isn’t a Magic Number, So Why Is It Part of the Vaccine Mandate?
But if you want a small-business loan? There, the government’s definition is far more expansive. The Small Business Administration, which orchestrated the popular Paycheck Protection Program, generally considers any company with fewer than 500 employees a “small” one. Unless you’re in one of dozens of industries with exceptions, which are detailed in a 49-page document that can seem almost … [Read More...]
The Elizabeth Holmes Trial Is a Wake-Up Call for Sexism in Tech
Questionable, unethical, even dangerous behavior has run rampant in the male-dominated world of tech start-ups. Though never charged with crimes, WeWork’s Adam Neumann and Uber’s Travis Kalanick hyped their way into raising over $10 billion for their companies, claiming they would disrupt their stagnant, tired industries.Remember the accusations of harassment, privacy violations, price gouging, … [Read More...]
Your Money
La pandemia afectó tu economía. Esto debes hacer
Es bien sabido que los informes de las agencias contienen una buena cantidad de errores. Si encuentras algunos, haz el reclamo. Para empezar, contacta tanto a las agencias de información crediticia como a las empresas de servicios financieros que puedan haber proporcionado la información incorrecta (la CFPB tiene una buena guía al respecto).Y en cuanto a tu declaración de impuestos, nunca está de … [Read More...]
FAFSA Changes Are Coming. Here’s What You Need to Know.
(While there has not been a draft since 1973, men ages 18 to 25 are still required by federal law to register. But FAFSA applicants will now remain eligible for financial aid even if they have not registered, said Mark Kantrowitz, a financial-aid expert.)The FAFSA collects financial details about students and their families and acts as a portal to grants, scholarships and loans for higher … [Read More...]