Economy

Terra Crypto Exec Dissolved Korean Headquarters Before Crash

Photo: FellowNeko (Shutterstock) South Korean supreme court documents show that just a week before the price of TerraUSD and its sidekick coin Luna utterly collapsed, company founder Do Kwon and other execs decided to shutter their native South Korean headquarters. The timing of the Terra blockchain price collapse compared to this latest reveal and the …

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As inflation soars, one-third of Americans are experiencing financial stress: Survey

Virtuoso managing director Misty Belles shares top tips for booking travel to avoid inflation. The hottest inflation in nearly four decades is inflicting financial pain on millions of Americans as prices for everyday necessities like food and gasoline soar higher, according to a new Census Bureau survey. More than one-third of households reported difficulties in …

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Manufacturers weigh in as Congress negotiates China competition bill

Late. Bill Hagerty, R-Tenn., Discusses President Biden’s ‘misguided policy’ regarding the removal of Chinese tariffs. As Congress begins formal negotiations to compromise on the details of legislation aimed at boosting the country’s ability to compete with China, American manufacturers have provided their two cents on the matter. The National Association of Manufacturers sent a letter …

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“Cruel summer”: Gas could hit $ 6.20 per gallon nationally by August, analyst predicts

California drivers are grappling with the most expensive gas in the nation, shelling out an average of $ 6.06 per gallon as of Thursday. That could soon be the fate of drivers in the rest of the nation, according to a JPMorgan analyst, who predicts the national average per gallon price could reach $ 6.20 …

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South Korean watchdog reportedly fines Terraform Labs $ 78M for tax evasion

Terraform Labs and co-founder Do Kwon continue to attract more legal trouble in the wake of the collapse of the Terra ecosystem. After early reports of a possible congressional hearing and an investigation from Grim Reapers financial crimes unit, the crypto firm has now come under the radar of the national tax agency. According to …

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Deepak Chopra on money and fulfillment: Times of ‘adversity’ are meant for ‘opportunity’

Deepak Chopra’s demonstrates his artificial intelligence program Deepak Chopra, speaking recently to Fox News Digital during the Milken Institute Global Conference in Los Angeles, said that his latest book, “Abundance: The Inner Path to Wealth,” was inspired by a lyric allegedly written by Bob Marley. The lyric, he said, notes that “some people are so …

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Crude Oil Price Forecast – Crude Oil Markets Continue Volatile Behavior

WTI Crude Oil Technical Analysis The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Thursday, bouncing from the 50 day EMA at one point, as we continue to see a lot of noise in this market. Ultimately, I think we have got a situation where we need …

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House passes bill targeting alleged price gouging amid high gas prices

The vote was largely down party lines with four Democrats, Reps. Kathleen Rice of New York, Stephanie Murphy of Florida, Jared Golden of Maine and Lizzie Fletcher of Texas joining all the Republicans in voting no. The bill, sponsored by Rep. Katie Porter of California and Rep. Kim Schrier of Washington, gives the President the …

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