No monetary system today is held in such contempt among almost all economists and financial officials as the gold standard. The U.S. was on one for 180 years until the early 1970s, and it worked. We never experienced inflation while the dollar’s value was tied…
The cofounders of a cryptocurrency mixing service called Samourai Wallet — which rendered crypto transactions anonymous — have been arrested and charged with money laundering, according to an indictment unsealed Wednesday.Prosecutors for the Southern District of New York claimed the crypto mixer made $2 billion worth of transactions untraceable, and…
Satirical news website The Onion was sold to a company called Global Tetrahedron.Global Tetrahedron is also the name of a fictional evil megacorporation in a long-running Onion gag.But it’s a real company, and Twilio founder Jeff Lawson appears to be behind it. Jeff Lawson, the founder of cloud computing company…
By Ross Kerber(Reuters) – European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record $8.8 billion in net withdrawals from the products in the U.S.A combination of factors likely contributed to the U.S. sustainable fund outflows during…
By Kane Wu and Julie ZhuHONG KONG (Reuters) -TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.The algorithms TikTok relies…
Dow Jones backslides over 500 points as investors balk at inflation complications. US GDP eased quicker than expected, jostling risk appetite. Equity recovery is under way, but remains limited. The Dow Jones hit its lowest bids in a week after US Gross Domestic Product (GDP) figures missed forecasts and US…
After years of questionable economic policies the leader of the Scottish government…
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Here at Contrarian Outlook, we prefer slow—as in slow-moving share prices. And…
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(Reuters) – Harvey Weinstein, the former Hollywood producer who transformed the independent…
POLITICS
View MoreCNN reporter describes scene inside Trump trial courtroom CNN’s Brynn Gingras describes former President Donald Trump’s demeanor in court during former publisher of the National Enquirer David Pecker’s testimony as part of his criminal hush money trial.
In the Supreme Court case over whether former President Donald Trump may claim immunity in the federal election subversion case, Justice Elena Kagan pushed Trump’s attorney on how far presidential immunity could…
Kim Kardashian will join Vice President Kamala Harris at the White House on Thursday for a roundtable to discuss pardons issued by President Joe Biden earlier this month, a White…
President Joe Biden’s reelection campaign is making a new digital ad buy in Pennsylvania aimed specifically at targeting Nikki Haley supporters, campaign officials told CNN, marking the latest sign of…
Markets
View MoreExcavators demolished the home on Hummock Pond Road this week after a series of storms severely eroded the property. The…
Finance
View MoreA UK warship on Wednesday shot down a ballistic missile fired by the Houthis in Yemen, marking the Royal Navy’s first such kill since the Gulf…
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On Wednesday, President Joe Biden signed into law a bill that will…
Investing
Key News Asian equities were mixed following Meta’s earnings miss, as Hong Kong, Mainland China, and India outperformed, while Japan, South Korea, and Taiwan underperformed. Australia was closed for ANZAC Day, which commemorates the landing of Australian and New Zealand forces on the Gallipoli Peninsula during World War 1, according…
Economy
By Alessandra GalloniWASHINGTON (Reuters) -U.S. economic growth for the first quarter could…
Fintech
Things aren’t looking particularly rosy for markets and the economy, Jamie Dimon…
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