Investing and Global Finance News

Tag Archives: Economy

New York Tech Celebrated at Blockchain Weekend

On the weekend of November 7-10, New York City was busy with the inaugural BlockchainWeekend NYC 2019.

In partnership with the New York City Economic Development Corporation (NYCEDC), BlockchainWeekend highlighted projects from a variety of NY based companies, startups, and entrepreneurs. More than 50 events took place across all five boroughs, creating a networked platform for decentralized events. With workshops, panels, hackathons, and meetup sessions, there were plenty of opportunities to hear about what is new in NYC’s world of technology and innovation.

The weekend was launched with a reception hosted by Gemini, the biggest New York based crypto exchange, that opened its headquarters as part of the event.

Gemini’s Jeanine Hightower-Sellitto said,

“Blockchain Weekend celebrates so much of what we love about New York: the coming together of technology and the people and companies who build it. The implications of and potential for blockchain—and cryptocurrency—continue to grow and its foothold in the financial world demands that New York be a leader in its development and growth. Blockchain Weekend is an encouraging step in that direction, and we applaud the leadership of forward-looking companies like Gemini and other New York blockchain companies for being a part of it.”

NYC to Track Vacancies, Support Small Businesses

New York City is building a database of vacant storefronts to help small business owners find appropriate spaces. The city’s rising rents and recent trends favoring online shopping have resulted in a vacancy crisis. The five bills passed in July 2019 as part of this effort require yearly reporting on storefront vacancies, updates on the… Continue Reading

Statistics Point to Hard Times for US Economy

We keep hearing that the economy is recovering, if it hasn’t already recovered, from the disastrous economic climate which began with the crash of 2008. Yet many Americans still feel insecure about the future. They are not imagining things: hard statistics unfortunately supports this negative feeling. •    The middle class is getting smaller while the… Continue Reading

Consumer Confidence Up, Economy Chugging Along

The Commerce Department released its latest figures for retail sale and restaurants, showing a rebound in September after a slow start to the year. The retail and restaurant sector posted a 0.2 percent monthly gain in August, and an annual increase to date of 2.2 percent. Analysts believe that retail sales improvement is all that… Continue Reading

Economy Unsure of Where Its Heading

September inventory and sales figures are helping renew optimism in the economic recovery after August figures fed fears that the economy was entering another slump. August’s bad news was found in the miniscule 0.1 percent rise in business inventories. August’s tiny rise was the smallest in over a year. August sales also fueled skepticism with… Continue Reading

As Economy Recovers Recession Mood Lingers

Despite data showing that the US economy grew at its fastest rate in eight years during the second quarter of 2014, Americans still believe that the country is still in the midst of a recession. The economy swelled during the Q2 at an annualized rate of 4.6 percent, duplicating the fastest quarterly growth since 2006.… Continue Reading

Holiday Spending Boosts Stock Market

Consumers are showing some renewed enthusiasm and driving economic growth. In fact, stocks rose on Monday to record highs. The Dow is up 73, and the S&P 500 rose 9 alongside a 44 Nasdaq increase. The boost was supported by gains in Apple and Facebook, according to Daniel Greenhaus, chief global strategist at BTIG,… Continue Reading

Companies Struggle to Raise Pricing

Though many businesses in the U.S. are hoping to raise their prices, many will have to weigh their options before implementing any changes. Walt Disney Co. is one of the few examples of companies who have successfully hiked their prices since 2009, recently raising its single-day admission prices to U.S. theme parks by up to… Continue Reading