President Joe Biden nominated world-renown bull Jerome Powell to a second term as Chair of the Federal Reserve. Despite recent criticisms of the lack of inflation control, he has done a stellar job protecting the financial system and the economy.
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Fears of stagflation are mounting in China as factory gate prices accelerate, which are costs at which wholesalers buy materials from producers. At the same time, there is a slew of contributing factors.
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In the wake of the Covid-19 pandemic, video-conferencing platforms like Zoom experienced record growth. The numbers showed that there was a 360% revenue growth as hundreds of thousands of users logged onto Zoom for school, work, or social events between friends and family. Such was its popularity that Zoom became a household name, as it bridged the gap between people across the world.
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The name is not the only thing Facebook chose to develop. Facebook has expanded the controls given to its advertisers and now allows them to avoid irrelevant and insensitive ads.
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This holiday shopping season, Black Friday sales declined as shoppers are shopping earlier and spreading their spending across a longer period of time. E-commerce is a primary driver of the expected increase to holiday shopping this year as fewer shoppers returned to in-store shopping compared to pre-pandemic levels.
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Elon Musk has made a name for himself for being at the forefront of innovation for the past decade, leading companies that develop technologies ranging from self-driving electric cars to flamethrowers. But one of the most promising projects is one that has flown mostly under the radar of the general public, Starlink.
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The “modern update” to this wire transfer scheme is that it can be done with no witnesses. With wire transfers, victims often had to fill out a form at the bank and hand it to a bank teller. The victim would have longer to think about the actions and more than likely, realize their mistake while filling out the form. By making a transfer as effortless as scanning a QR code, criminals can talk their way into situations, and victims have less time to consider whether or not to send money to a complete stranger.
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The global automotive supply chain has been experiencing some difficulties in the past year due to a chip shortage. This will inevitably have an impact on the German car manufacturing industry, as Germany has one of the largest production values in the world and has global connections. The US electric car manufacturing company Tesla announced that it is closing in on its plans to manufacture Model Y cars in a factory near Berlin.
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Austria has seen a quick succession of three Chancellors in less than two months. 35 year old Sebastian Kurz of the conservative Austrian People’s Party had led Austria as Chancellor from December 2017 to May 2019 and from January 2020 to October 2021 when he was marred by a corruption scandal, causing him to resign.
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On November 28th Hondurans took to the polls and cast ballots on many national and regional offices in addition to the Presidency. The elections saw the end to the 12 years of power for the the right wing National Party and the victory of the first women to be elected President.
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