More sustainable euro zone inflation coming: ECB's Knot

FRANKFURT (Reuters) -Copious budget spending in the euro zone is finally generating a sustainable rise in inflation but more flexible fiscal rules will be needed for years as monetary policy remains constrained, European Central Bank policymaker Klaas Knot said on Friday.FILE PHOTO: ECB board member Klaas Knot appears at a Dutch parliamentary hearing in The Hague, Netherlands September 23, 2019 […]

Read more

Bitcoin put in highest risk category in global bank capital plan

GENEVA (BLOOMBERG) – Global banking regulators have moved to classify Bitcoin as the riskiest of assets, dragging cryptocurrencies further into the mainstream financial world. But they also made it extremely costly for banks to hold digital tokens on their balance sheets, potentially delaying crypto’s wider adoption. The Basel Committee on Banking Supervision proposed on Thursday (June 10) that a 1,250 […]

Read more

US consumer prices keep going up

New York (CNN Business)By now, you probably know that everything is getting more expensive. From furniture, to used cars, to uncooked beef roasts, consumer prices have grown steadily since January as the economy recovers and Americans are spending money again. Also sending prices higher: The ongoing pandemic has complicated supply chains, limiting supply, even as demand for goods soars. Overall, […]

Read more

US home prices are at a record high

Home prices have been on a tear this year, hitting record highs and pushing up homeowners’ wealth. Home equity — the difference between the value of your home and how much you owe on your mortgage — rose by nearly 20% in the first part of this year from last year, according to CoreLogic. Homeowners with mortgages — about 62% […]

Read more

Fact check: Did a company 3D-print rhino horns to help slow down poaching? Yes, but it didn’t last long

The claim: Company 3D-printed fake rhino horns, plans to combat poaching Non-profits continue to search for an effective way to stop illegal rhino poaching, which has left most of the species critically endangered. One widespread social media post claims a biotech company found the solution. “A biotech startup has managed to 3-D print fake rhino horns that carry the same genetic fingerprint as the actual […]

Read more

Amazon To Allow Employees To Work Remotely For Two Days A Week

Online retail giant Amazon.com Inc. (AMZN) Thursday said it will allow its corporate and tech employees an option to work two days remotely. Amazon said it will now only require employees to work in office for three days a week, giving the employees the flexibility to work remotely up to two days a week. The specific days will be determined […]

Read more
1 2 3 4 5 1,295