When considering any cryptocurrency investment, billionaire investor Mark Cuban looks for utility in each project. That’s why, to him, “tokens trading are the least important part of crypto,” he tweeted on Tuesday. Instead, Cuban sees smart contracts, or collections of code that power decentralized applications, and how they’re used within projects as the most important
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Inflation is increasing at its fastest rate in decades, and anyone who’s been to a supermarket lately can tell that one of the hardest-hit groups is food. The cost of bacon is up more than 18% from last year. Meanwhile, chicken and egg prices have swelled by more than 10%. If your grocery bill is
Traders work on the floor of the New York Stock Exchange (NYSE) on January 07, 2022 in New York City. Spencer Platt | Getty Images U.S. stock futures were steady in overnight trading on Wednesday after the Nasdaq Composite rose for the third session despite a red-hot consumer price index report. Dow futures rose just
Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as the supply of apartments plummeted and landlords started demanding double-digit increases. The average apartment rent in Manhattan hit $4,440 in December, while the more widely
Sen. Tommy Tuberville, R-Ala., conducts a news conference in the senate subway to propose a vote on the January 6th commission today and delay the Endless Frontier Act and the Innovation and Competition Act until June, on Friday, May 28, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Sen. Tommy Tuberville of Alabama,
Covid’s omicron variant is currently tearing through the U.S. and the rest of the world at a record-breaking pace — but Bill Gates sees hope on the horizon. Once the current surge abates, countries can expect to see “far fewer cases” through the rest of 2022, Gates wrote on Tuesday during a Twitter Q&A with
Sinenkiy | iStock | Getty Images Social Security beneficiaries are receiving the highest cost-of-living adjustment in decades, thanks to rising inflation. That 5.9% increase went into effect in January. Prices have continued to climb higher since that change was announced in October. The Consumer Price Index, a government measure for price changes for certain goods,
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A San Francisco grocery store. David Paul Morris/Bloomberg via Getty Images Inflation is taking a big bite out of workers’ paychecks, eroding many of the raises businesses have offered to attract and keep employees in a hot job market. But strong wage growth in certain sectors, such as hotels and restaurants, has eclipsed those consumer
Ubiquitous Energy solar energy capturing windows installed at Michigan State University. Courtesy of Ubiquitous Energy A material science start-up, Ubiquitous Energy, is raising tens of millions of dollars to turn windows into surfaces that capture solar energy. The California start-up announced on Tuesday it closed a $30 million funding round, including an investment from consumer
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Segar | Reuters Online sales during the holiday season rose nearly 9% to a record $204.5 billion, Adobe Analytics said Wednesday, as consumers opened
Excelling in college and getting a good job was the only path Boston native Caroline Vo, now 36, felt she could follow. “I come from Vietnamese immigrant parents: It was very much ingrained that you go to school, work hard, get good grades, and then you go to college, get a good job, and kind
Ed Jones | AFP | Getty Images Inflation is still rising, and while many notice the surge in day-to-day expenses, climbing prices may also affect your tax bill, experts say. The Consumer Price Index, a key inflation gauge, rose by 7% in December compared to the prior year, the fastest increase since 1982, according to
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In this article DASH AJRD DIDI PHIA-NL OCGN BIIB Check out the companies making headlines before the bell: DoorDash (DASH) – The stock added 2.6% in the premarket after Evercore upgraded it to “outperform” from “in line.” Evercore said the delivery service has strong fundamentals and the stock is at an attractive valuation. Separately, Meta
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Mortgage rates have moved to their highest level in more than a year, and that may have potential homebuyers nervous that their affordability window is closing faster than expected. Home
Today’s map looks at how European OECD countries rank on cross-border tax rules and is the last in our series examining each of the five components of our International Tax Competitiveness Index (ITCI). Cross-border tax rules define how income earned abroad and by foreign entities are taxed domestically, making them an important element of each country’s
People walk in Regent Street, in London. SOPA Images | LightRocket | Getty Images LONDON — There are growing calls in Europe for Covid-19 to be treated as an endemic illness like the flu despite strong warnings from global health officials that the pandemic is far from over. Spain’s Prime Minister Pedro Sánchez is the
Last year wasn’t a stellar year for travelers. Perhaps that’s why so many are pinning their hopes on 2022. Travel bookings and inquiries are surging, say travel insiders, in an upward trajectory that, if realized, may both benefit and challenge travelers in the coming year. ‘People want to make up for lost time’ Travel
Morsa Images | E+ | Getty Images Tax season begins on Jan. 24 and filers should expect delays as the IRS combats a backlog and limited staffing, Treasury officials say. The IRS still had not processed 6 million individual returns already submitted by taxpayers as of Dec. 23, according to the agency, and the situation