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Economic news


On Wednesday, El Salvador became the first country to adopt Bitcoin as official legal tender. It is a milestone day. El Salvador’s Legislative Assembly voted to pass a bill declaring the world’s largest cryptocurrency by market capitalization as legal tender, according to the Communications Secretariat of the Presidency of the Republic of El Salvador. The …

Non-fungible tokens, or NFTs, will become a fundamental part of the tech investment megatrend over the next decade. This is despite declines of around 80% in the last few days in the NFT market, compared to a peak of $ 102 million in one-day NFT trades in early May. NFTs are digital collectibles encoded on …

The Trump and Biden administrations have launched an unfounded genocide case against China. It has been disputed by the White House’s own legal experts. With its dark roots, the policy of genocide makes fun of real genocides. In July 2020, then Secretary of State Mike Pompeo accused the Chinese Communist Party (CCP) of “using forced …

The equity market is experiencing some lull with little flow of information about the companies and the economy to provide direction. The benchmark S & P / NZX 50 closed 0.08%, or 10.073 points, at 12,429.98 on Thursday. “There is a bit of a vacuum in the news for kiwifruit investors,” said Greg Smith, research …

Positive signals in the construction industry; AIA’s architecture billing index through April 2021 shows a strong rebound as the effects of COVID-19 continue to subside. The Architecture Billings Index (ABI) is a composite index derived from monthly surveys conducted by member firms of the American Institute of Architects (AIA) located across the country and reporting …

By JEFFREY COLLINS, Associated Press COLUMBIA, SC (AP) – South Carolina continues to have more money to spend because the state collects more tax money than expected as the economic impact of COVID-19 is less than expected. About $ 421 million more than expected was deposited in state bank accounts through April, which is 10 …

Depressed Treasury yields recently kept mortgage rates below 3%, but positive economic news could indicate larger increases will follow this week’s hike. After three weeks of decline, the average 30-year fixed-rate mortgage fell to 2.98% 2.97% the week before in Freddie Mac’s latest primary mortgage market survey. The 30-year FRM was on average 3.23% this …

T Britain’s economy is recovering from Covid-19 faster than expected, a triple dose of good news showed today. The latest figures show the government borrowed £ 303 billion through March, the highest level since the end of World War II. While the amount borrowed is undeniably high, it is well below the £ 394 billion …

The pound sterling’s exchange rate against the euro fell from what was described as a “13-week high” in late March, to new “six-week lows” in recent days. It comes against a backdrop of growing concerns about the deployment of vaccination in Europe, coupled with “lackluster” economic developments. There is good news for the pound, however, …

NEWYou can now listen to Fox News articles! Jay Powell has no idea what issues he finds himself in. In a “60-minute” interview that aired Sunday night, the mild-mannered Fed chairman dared to suggest that our economy was on the verge of “growing much faster,” and predicted better than expected job creation. future. It didn’t …