El Salvador has seen a +82.8% tourism and +10.8% GDP since adopting Bitcoin. But we all should know that this has...

El Salvador is the first country to adopt Bitcoin as a legal tender. Since adopting crypto they have seen a +82.8% surge in tourism and a +10. 8% rise in GDP. Bitcoin's adoption happened right...

Amazon's connected device cart grows with $1.7 billion deal for Roomba maker

Amazon will pay $61 per share, valuing the Roomba-maker at a premium of 22% from the stock's last closing price of $49.99. Its shares rose about 19% in early trading. The deal is the latest push...

Amazon's connected device cart grows with $1.7 billion deal for Roomba maker

Amazon will pay $61 per share, valuing the Roomba-maker at a premium of 22% from the stock's last closing price of $49.99. Its shares rose about 19% in early trading. The deal is the latest push...

Chart Of The Day: Why AMD May Be About To Crash

Intel's Q2 sales dropped from $19.6 billion to $15.3 billion year-on-year (yoy) AMD posted a 70% yoy jump in its quarterly revenue to a record $6.6billion. AMD did join Intel in warning that the...

APA Corp buying West Texas oil producing land for $700 million -sources

By Shariq Khan and David French - U.S. oil producer APA Corp agreed to pay about $700 million for West Texas properties owned by closely held Titus Oil & Gas LLC, three people familiar with the...

The Lockdowns Kicked Off This Depression

The Lockdowns Kicked Off This Depression Authored by Jeffrey Tucker via The Brownstone Institute, If you were on vacation last week, good for you. You missed one of Congress’s...

Siemens Healthineers Q3 earnings fall, confirms 2022 outlook

BERLIN - U.S.-German medical device maker Siemens Healthineers stuck with its outlook for the 2022 financial year on Wednesday as supply-chain headwinds and COVID-19 lock-downs pushed some sales...

AMD forecasts current-quarter revenue largely below estimates

-Advanced Micro Devices Inc on Tuesday forecast third-quarter revenue largely below estimates, sending the chip designer's shares down 5%. The company expects revenue of $6.7 billion, plus or...

Senior Economist 'Fact Checked' By Facebook For Saying US Is In Recession

Senior Economist 'Fact Checked' By Facebook For Saying US Is In Recession Authored by Steve Watson via Summit News, An experienced economist has been ‘fact checked’ and corrected by...

Stimulus checks and pandemic savings helped Americans deal with inflation for more than a year. Now that safety net...

Stimulus and saving during lockdowns created a buffer against inflation, but that protection "is not necessarily going to be there forever," UBS said.

Meta's Mark Zuckerberg: Company's pandemic-era forecast was too rosy

By Katie Paul and Paresh Dave - Meta Platforms Inc Chief Executive Mark Zuckerberg told staffers the world's biggest social media company had planned for growth too optimistically, mistakenly...

Meta's Mark Zuckerberg: Company's pandemic-era forecast was too rosy

Meta Platforms Inc Chief Executive Mark Zuckerberg told staffers the world's biggest social media company had planned for growth too optimistically, mistakenly expecting that a bump in usage and...

The power of silence in a deafening world

Getty Images Why there’s more noise, and more kinds of it — and why it might be ruining our focus. Part of the July 2022 issue of The Highlight, our home for ambitious stories that...

The U.S. economy is shrinking. The Fed's rate hikes may have only just begun to bite

- The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised interest rates by three quarters of a percentage...

L’Oreal may continue to raise prices in a targeted manner, CEO says

By Mimosa Spencer PARIS - L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's...

Logitech's quarterly profit slumps 38% as pandemic demand wanes

- Logitech (NASDAQ:LOGI) International reported a 38% fall in first-quarter adjusted profit and cut its full-year 2023 outlook on Tuesday, as the maker of web-cams, speakers and computer mice...

The Talented Mr. Pottinger: The US Intelligence Agent Who Pushed Lockdowns

The Talented Mr. Pottinger: The US Intelligence Agent Who Pushed Lockdowns Authored by Michael Senger via 'The New Normal' Substack, In 1948, the US House of Representatives received...

CBRE research: San Francisco's office vacancy rate rose to 24.2% in Q2 2022, up 0.4% QoQ, as tech companies'...

The office vacancy rate in San Francisco rose to 24.2% in the second quarter from 23.8% in the prior period, according to CBRE research. Big tech employers like Salesforce and Google are...

Like the Fed, the ECB Is Still a Long Way from "Normal" Monetary Policy

For the first time in more than a decade, the European Central Bank (ECB) raised its key interest rate this past Thursday. The deposit facility rate went from –0.5 to 0.0 percent. The change comes...

Futures Rally Fizzles After Volley Of Disappointing Earnings And Economic News

Futures Rally Fizzles After Volley Of Disappointing Earnings And Economic News US futures were flat (bouncing off session lows), and a rally in tech stocks reversed after three days...

Covid-19 and the Continuing Erosion of Private Property Rights

This article is the second in a two-part series. Check out part 1 here. Even though the downhill trajectory we've seen over the last decades in terms of property rights is bad enough, nothing...

Why Mindfulness Might Be Spoiling Your Success

As we return to "normal" we are in danger of undoing all of the hard work of mindfulness that we sought during lockdowns. We are in danger of not integrating those practices in practical, helpful...

Half a trillion dollars wiped from once high-flying fintechs

Digital companies that boomed during lockdowns hit by fears they cannot withstand a recession

American tourists splurge in Paris boutiques as euro slides

American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris. "Because the euro and the dollar are about the same,...

How TikTok's head of U.S. safety still finds a way to log off social media while on vacation

Eric Han is the head of U.S. safety at TikTok. The social media app saw its user base skyrocket during lockdowns. Han says it's critical for him to decompress by taking meaningful breaks, and to...

Raising interest rates is the wrong solution to the inflation problem, analyst says

High prices have been mainly driven mainly by supply chain shocks, MBMG Group managing partner Paul Gambles told CNBC. "Supply is very difficult to manage, we are finding across a whole bunch of...

Stocks making the biggest moves midday: Tesla, Five Below, Nio and more

Tesla shares rose about 2.2% after UBS upgraded the electric vehicle stock to buy from neutral. Signet Jewelers shares advanced by roughly 9% after the company posted quarterly profit and revenue...

Boris Johnson Faces Confidence Vote Over Lockdown Parties

British Prime Minister Boris Johnson is set to face a vote of confidence in his leadership Monday. Vote triggered by rebel Conservative Party lawmakers following a collapse in support caused in...

Pretend to work somewhere else.' Elon Musk reportedly tells Tesla staff working remotely is no longer an option

“Anyone who wishes to do remote work must be in the office for a minimum of 40 hours per week or depart Tesla. This is less than we ask of factory workers,” said the email dated May 31. “They...

UK investigation into Covid lockdown parties says senior leadership 'must bear responsibility'

The report comes after even more revelations in recent days of further alcohol-fueled social events held in Downing Street during Covid lockdowns.

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