Markets | Ideals

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed

Researchers are now suggesting the there are some serious flaws in a large majority of studies and surveys that have been conducted in recent times which examines the impact on the psychological...

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study

Earlier studies which had given rise to the notion that one or two drinks a day might protect against stroke have been negated in the results of a major genetic study which has also claimed a very...

Following US And Swiss Bank Rescues, The ECB Watchdog Predicts No Spread To Europe

SVB Financial Files For Bankruptcy As The Banking Crisis Continues

Markets

Bubble Surrounding Tesla Used Car Price Bursts, Weighing On Demand For New Vehicles

For much of the past two years, Tesla customers who waited months for their new car have had an unusual option: keep the new electric car or sell it at a profit to someone who has less patience. However, the days of the Tesla flip are coming to an end, which could endanger the already...

Agreement Between EU Nations To Gas Price Cap To Address Energy Crisis

After weeks of negotiations on the emergency measure that has divided opinion within the bloc as it seeks to contain the energy crisis, the energy ministers of the European Union finally agreed on a gas price cap on Monday. The cap is the EU's 27-country bloc's most recent effort to reduce...

Morgan Stanley Hikes Its China Growth Forecast For 2023, Anticipating A Stronger And Earlier Rebound

Morgan Stanley lifted its forecast for China's economy in 2023, predicting that a recovery will occur sooner and more sharply than expected. According to a research note led by the firm's chief Asia economist Chetan Ahya, the firm raised its forecast for the country's GDP in 2023 to 5.4%...

Covid-Related Lockdowns In China Causing A Lowering Effect On The Country's Economy

According to Nomura, China's Covid lockdowns are having a lessening impact on the economy for the first time since early October. However, analysts at a Japanese bank warned that the road ahead will be difficult because China does not appear to be prepared for an increase in infections....

Price Cap On Russian Oil Could Be Imposed In The Coming Days

A $60 per barrel price cap on Russian oil was fixed on Friday by the European Union in the most recent efforts to severe sources of funds for Russia for funding its war on Ukraine. Meanwhile, according to a reported estimate from Ukrainian presidential aide Mykhailo...

Banks In UK Asked To Destroy The "Class Ceiling" As New Targets Are Set About Increasing Diversity Among Senior Positions

A UK government-backed task force has stat6edt hat the country's financial services sector should be doing more to "break the 'class' ceiling," even as new targets urging for at least half of senior leaders to be appointed from working-class or lower socioeconomic...

US Fed Report Finds Pace Of Hike In Household Debt Fastest In 15 Years Due To Increased Credit Card Usage

In its latest report, the US Federal Reserve said that household debt in the country increased at the fastest rate in 15 years during the third quarter, owing to significant increases in credit card usage and mortgage balances. Total debt increased by $351 billion from July...

Despite High Inflation, Record $9 In Online Sales For US Black Friday Sale

According to Adobe, which tracks sales on retailer websites, consumers spent a record $9.12 billion online this Black Friday. Overall online sales for the day after Thanksgiving were up 2.3% year over year, with electronics playing a major role, with online sales increasing 221% over an...

How The Global Tech Industry Lost $7.4 Trillion In 2022

It seems like an eternity ago, but it was only a year ago. The Nasdaq Composite had just reached its peak in 2021, having more than doubled since the beginning of the pandemic. Rivian's mega-IPO was the latest in a record-breaking year for new issues. Hiring was brisk, and tech workers reveled in...

'Metaverse' Amongst Top Three Contenders For Oxford's Word Of The Year For 2022

The term "metaverse" is amongst of top three contenders for the title of Oxford "Word of the Year" (WOTY) within a competition conducted by Oxford University Press (OUP), the publisher of the Oxford English Dictionary. On November 22, OUP officially announced the launch of...

Consumer Credit Rating Agencies Require Reform, Says UK Watchdog

The Financial Conduct Authority said on Tuesday that Britain's 'highly concentrated' consumer credit ratings market, which is used to obtain loans, is not working well and that a new industry body is needed to help improve the quality of scores. Experian, Equifax, and TransUnion account...

The Silver Institute Predicts The Largest Deficit In Decades For Silver

According to the Silver Institute on Thursday night, the world's demand for silver is anticipated to increase 16% this year to 1.21 billion ounces, resulting in the largest deficit in decades. According to the institute, record levels were anticipated for the use of silver by industry, in...