CEOs are departing in droves. America’s corporate insiders, which include chief executives, dumped company shares at record levels. One Wall Street firm is projecting a stagnant year for U.S. companies. The stock market is in trouble. The Dow Jones Industrial Average printed its worst one-day point drop in history after plunging 1,191 points Thursday. The…
Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever with a record 204 billion downloads in 2019 and $120 billion in consumer spending in 2019, according to…
Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever with a record 203 billion downloads in 2019 and $119 billion in consumer spending, according to preliminary year-end data…
Traxalt, a blockchain-based solution that aims to transform the Global Payments Network, is set to prove its ground in the traditional mercantile area. With the emergence of the blockchain platforms, there has been a significant need to build an ecosystem around scalable solutions for enterprise-grade transactions. We have seen a lot of projects trying to…
On Friday’s broadcast of CNN’s “The Situation Room,” former Obama administration National Security Advisor Susan Rice said it was difficult to believe President Donald Trump on the reasons for Quds Force Supreme Commander Qasem Soleimani assassination. Rice said, “I am doubtful ultimately it will prove to be the right thing. In the first instance, any of…
S&P 500 Index came within half a point of record highs on Friday. New York Fed has increased the size of its overnight repo operations to at least $120 billion. U.S. budget deficit approaches $1 trillion in 2019, the highest in seven years. With U.S. stocks fast approaching record territory, investors may have lost sight…
Trump’s worst nightmare isn’t impeachment. It’s the economy, stupid. But the record-low unemployment rate shouldn’t give Trump nor markets any comfort. Full employment doesn’t signal a strong economy at all. It is actually a historically sure sign that the U.S. economy is teetering on the edge of collapse. In fact, every record low unemployment rate…
Venezuelan President Nicolas Maduro is pushing for Petro adoption, but locals are buying bitcoin in record amounts. | Image: Shutterstock The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. According to Decrypt, Bank of Venezuela customers have…
The United States Department of Labor produced a video to highlight the American worker and the accomplishments of the Donald Trump administration to achieve the lowest rate of unemployment and the highest number of workers on the job. The agency posted a video on its website revealing that a record 157 million Americans are working…
The Dow and broader U.S. stock market drifted lower Tuesday after President Trump warned that the trade war with China still has “a long way to go” before reaching its desired conclusion. Dow Under Pressure; S&P 500 Halts Five-Day Win Streak All three of Wall Street’s major benchmarks were under pressure during afternoon trade, mirroring…
