2 min read
Business

Bitcoin halving to clash with seasonal downturn, creating uncertainty for investors

The much-anticipated event of Bitcoin halving will soon take place amidst what Coinbase describes as a “weak time of year” for cryptocurrencies. As the distribution of Bitcoin becomes more limited due to halving, investors are preparing for potential market fluctuations.

2 min read
Business

Executives Foresee AI Leading to Shrinking Workforces in the Near Future

Leading company executives from various industries have recently stated that they anticipate AI technology will greatly reduce their workforce numbers within the next five years.

2 min read
Business

Impact of Family Dollar Store Closures Felt Across Illinois as Retailer Plans Shutdown of Numerous Locations

In a recent announcement, Family Dollar revealed plans to close several locations across Illinois. The decision comes as part of a larger strategy to streamline operations and improve profitability.

2 min read
Business

Analysts Predict Continued Growth in Stock Market after Strong First Quarter

Stocks have just experienced their best first quarter performance in five years, with major indices posting significant gains. The S&P 500 rose by 5.8% in the first quarter of 2021, marking its best start to a year since 2015. The Dow Jones Industrial Average and the Nasdaq Composite also saw gains of 7.8% and 2.8% respectively during the same period.

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Business

Chinese EV manufacturers gain traction in Europe, expected to reach 25% market share in 2021

A recent study has shown that China-made vehicles will make up a significant portion of electric vehicle (EV) sales in Europe this year. According to the research, these vehicles are expected to comprise a quarter of all EV sales in the European market.

2 min read
Business

Bitcoin ETF growth set to continue long-term, according to Bitwise CIO

The Chief Investment Officer of Bitwise, a leading cryptocurrency asset manager, has projected that the growth of Bitcoin Exchange-Traded Funds (ETFs) will continue for years to come. With the increasing mainstream adoption of Bitcoin and other cryptocurrencies, the demand for ETFs tracking these digital assets is expected to skyrocket.

2 min read
Business

Chinese Consumers to Welcome Apple Vision Pro this Year

Increased Accessibility
The Apple Vision Pro will bring cutting-edge technology and advanced features to consumers in China, making it easier for them to access and benefit from the latest innovations in smart glasses. This move is in line with Apple’s vision of making technology more accessible and easy to use for all users.

2 min read
Business

Average Wall Street Bonus Falls from Previous Year to $176,500 in 2023

The average bonus on Wall Street last year was $176,500, a slight decrease from the bonuses received in 2022. Despite this slight dip, the distribution of bonuses on Wall Street in 2023 still reflects considerable financial rewards for employees in the finance industry.

2 min read
Business

Standard Chartered Predicts Ethereum Could Surpass $14,000 in 2022

Standard Chartered bank predicts Ethereum could surpass a price of $14,000 next year, mirroring the current boom in Bitcoin. The bank’s latest report has outlined a positive outlook for the second-largest cryptocurrency by market cap.

2 min read
Business

Graduates of the lowest-paying college majors facing financial hardships years after leaving school

According to a recent study, the 16 worst-paying college majors five years after graduation have been identified. The study looked at graduates from various fields and analyzed their average salaries and job prospects.