Economy

Another day, another technical marvel out of China: A world first suspended Mag-lev train that doesn’t need electricity to run! The Red Rail in Jiangxi province runs on permanent magnets…

BlackRock, with over $10 trillion in assets under management, has announced the availability of a spot Bitcoin trust for its institutional investors. BlackRock has partnered with Coinbase, and sees broad…

In a sign of relief, initial grain shipments have begun to sail from the port city of Odessa, Ukraine to Tripoli, Lebanon. The deal was brokered by Turkey, Ukraine and…

A deal between Russia and Ukraine to allow shipments of grain for global consumption has brought the price of wheat down to pre-war levels! https://markets.businessinsider.com/news/commodities/food-crisis-wheat-price-russia-ukraine-war-grain-inflation-hunger-2022-7

U.S. drivers are getting a much needed relief in gas prices. On Monday, nearly 20% of gas stations across the U.S. sold a gallon of gas for $3.99! https://edition.cnn.com/2022/07/18/energy/gas-less-than-4-dollars-a-gallon/index.html

American car maker Cadillac has revealed a sleek new future EV for its lineup! The Celestiq ultra-luxury EV will make its debut July 22nd! https://insideevs.com/news/598145/cadillac-teases-celestiq-show-car-fastback-body-lavish-interior/

The Financial Stability Board of the G20 has announced it will release global regulation for the crypto currency market in October 2022. This is a welcome change that will further…

Electric car maker Rivian has bucked the trend of other electric car makers in H1 2022, and is on track to deliver 25,000 vehicles by year end! https://techcrunch.com/2022/07/06/rivian-says-its-on-track-to-deliver-25000-vehicles-this-year/

In a win for the environment and planet, India has banned 19 types of single use plastics! https://www.aljazeera.com/news/2022/7/1/india-bans-19-single-use-plastic-items-to-combat-pollution

After weeks of protests, a peace deal has been reached between the government of Ecuador and Indigenous leaders for fuel cuts and mining restrictions. https://www.theguardian.com/world/2022/jul/01/ecuador-deal-reached-to-end-weeks-of-deadly-protests-and-strikes

The Chinese economy showed signs of growth in PMI numbers since Covid lockdowns in February. As the world’s economic engine, we welcome their speedy economic recovery! https://www.cnn.com/2022/06/30/economy/china-economy-pmi-covid-intl-hnk/index.html

A floating city in the Maldives that can house 20000 people has been revealed by their government. With ocean water levels rising, the new city is designed to “float” with…

As the price of Bitcoin reached $61,700, its market cap ($1.15 trillion) has surpassed the combined market cap of Visa and Mastercard ($871 billion) as well as the combined market…

Following 2 weeks of corrections, Bitcoin, the king of cryptocurrencies has passed $60,000 per coin today! The crypto asset is on track to reach estimates by JP Morgan, Citibank, Goldman…

In yet another sign of public acceptance of cryptocurrencies, Goldman Sachs has reopened its cryptocurrency trading desk! The largest cryptocurrency, Bitcoin (BTC), reached a price of $58,000 on February 21st,…

Business Intelligence software giant MicroStrategy has announced it has purchased an additional $1 billion worth of Bitcoin at $52,000 a coin, bringing its total holdings to over 90,000 Bitcoin! This…

Financial paradigm shift under way: BNY Mellon, America’s oldest bank has announced it will be supporting Bitcoin and crypto currencies for its customers. This is the largest nation wide bank…

Payment network giant, Mastercard, has just announced that it will be supporting a select number of cryptocurrencies for its network! Mastercard already has a number of cards that allow for…

Elon Musk has just put $1.5 billion of Tesla’s corporate money into Bitcoin! Another big news is that Tesla will be accepting Bitcoin as payment for their cars! The crypto…

Crypto bull market in full throttle: Ethereum (ETH), the 2nd largest crypto currency by market cap, has reached a new all time high of $1763 on Friday (Coinbase)! The network,…