‘Dr Doom’: World headed for dark times in the next 20 years | Business and Economy
From: The Bottom LineEconomist Nouriel Roubini paints a bleak future for a world facing ‘megathreats’ – including global economic meltdowns.In a world faced with threats and challenges, many cynical politicians would rather kick the can down the road – and win votes – than make the tough decisions needed now. At the same time, billions […]
Bitcoin Price Falls. There’s Trouble at Silvergate.
Bitcoin and other cryptocurrencies were falling Thursday, under pressure but holding key levels amid signs of distress at Silvergate Capital an influential banker to the digital asset industry. The price of Bitcoin has declined nearly 2% over the past 24 hours to $23,275. The largest crypto has consolidated between $23,000 and $24,000 in recent weeks, […]
AI Paves the Way for CBDCs and a ‘Scary as Hell’ Future, How to Protect Yourself: Frank Giustra
Frank Giustra, CEO of the Fiore Group and Founder of Lionsgate Entertainment, discusses how the Ukraine war is hastening a global monetary reset, with the BRICS seeking an alternative to the U.S. dollar in international trade. He also talks about the threat that artificial intelligence holds for jobs, and why AI and CBDCs could combine […]
A digital currency is likely to be needed, says U.K. Treasury and Bank of England
The U.K. government said Monday that a digital currency is likely needed, as countries around the world examine the changing nature of payments. A statement issued by both the U.K. Treasury and the Bank of England said they were seeking comments, though they said no decision has yet to be taken. The consultation will run […]
‘ChatGPT is today’s hand calculator,’ this CEO says
Will you be able to build the next blockbuster videogame at home using ChatGPT? Not so fast, says Take-Two Interactive Software Inc. TTWO, -3.40% Chief Executive Strauss Zelnick. But that doesn’t mean the technology lacks promise. Read: Take-Two stock slips as company plans cost cuts, outlook falls below Street view Zelnick said on his company’s […]
Can Blockchain Technology Succeed Without Cryptocurrencies?
Although cryptocurrencies and blockchain technology are closely related, they are not synonymous. Cryptocurrencies are a subset of blockchain technology, whereas blockchain is a broader term that covers a wide range of potential uses and applications. To answer the question of whether cryptocurrencies are required for blockchain technology to succeed, it is necessary to consider blockchain’s […]
Gabbard, Kucinich aim to disrupt two-party voting system at Independent confab
Two former Democratic presidential candidates, Tulsi Gabbard of the 2020 race — and former longtime Ohio politician Dennis Kucinich, a 2004 and 2008 early contender for the White House — will headline the second-ever Independent National Convention (INC) this spring in Austin, Texas. It’s an event intentionally set during a non-election year because organizers argue […]
The next few days may reveal whether investors have been riding one big suckers rally, says this strategist.
Stock futures are pointing due south as caution grips investors following Friday’s monster jobs beat. While subject to revisions, that 517,000 surge in U.S. jobs may have shredded hopes among some that the Fed will be done with rate hikes sooner rather than later. “Half a million jobs, climb down off the wall, call the recession […]
Dell to cut 6,650 jobs, report says
Dell Technologies will join the ranks of technology companies slashing jobs as the computer maker will shed 6,650 positions, according to a published report on Monday. Citing a company spokesman after seeing a memo, Bloomberg reported the job cuts. Jeff Clarke, co-chief operating officer, told employees that the current conditions will “continue to erode with […]
‘The Last of Us’ boosts Spotify streams of Linda Ronstadt’s ‘Long Long Time’
Love will abide — and so does a ballad about unrequited love and longing when it’s given the perfect needle drop on one of the hottest shows of the season. A recent episode of HBO’s “The Last of Us,” an adaption of the hit Sony SONY, -0.71% PlayStation game following the survivors of a fungus-fueled […]