Pedestrians pass a digital sign announcing the latest rates for currency in Istanbul. Photographer: Kostas Tsironis / Bloomberg Kostas Tsironis / Bloomberg News The Federal Reserve announced Thursday that it is building and testing a hypothetical digital currency, equivalent to cash. The goal of the program is to improve the …
Read More »CDC director warns America is in ‘worst case … we’ve ever been’
While the world awaits a COVID-19 vaccine and is waiting to bring the coronavirus pandemic under control, there is another impulse ready to be exact this fall. That would be the flu, because America’s annual season of influence usually begins in October before peaking between December and February. And the …
Read More »Cisco stock records worst day in nearly a decade because cost cuts raise more concerns about coronavirus
Cisco Systems Inc. shares recorded their worst one-day drop in nearly a decade Thursday, following the network giant’s decision to circle the wagons in the form of cost cuts, as the company suffers from increasingly selective business expenses during the COVID-19 pandemic. Cisco CSCO, -11.18% shares, which fell as much …
Read More »Facebook is cracking down on digital defense for misinformation ahead of elections
US users of Facebook Inc. those voting on voting may soon begin to look at fact-checking notes added to their announcements about the Nov. 3 presidential election. The addendum will refer to a new voter information hub similar to the one about COVID-19 that Facebook says has been seen by …
Read More »Shares could melt as they did in the Roaring 20s, says strategist – we all know what happened next
Mark Twain once said, “History does not repeat itself, but often rhymes.” Ed Yardeni, chief investment strategist at Yardeni Research, applies those words to what, for most observers, should feel like a unique climate for playing the market these days. But that is not necessarily the case, according to Yardeni. …
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