Business & Economics

Business & Economics

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Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped
Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped
The wealth of the 10 richest men in the world more than doubled from approximately $700B to $1.5T between Mar. 2020 and Nov. 2021, while the incomes of approximately 99% of the world fell and more than 160M people into poverty.
Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped
Analysis | The economy is feeling the effects of the fading baby boom
Analysis | The economy is feeling the effects of the fading baby boom
As people retire, there will be fewer people in the total pool of existing workers and fewer people will also be looking for work. Even if none of the remaining people who are unemployed find a job, those retirements can drive unemployment down purely as an artifact of how we calculate the unemployment rate.
Analysis | The economy is feeling the effects of the fading baby boom
Cryptocurrency-Based Crime Hit a Record $14 Billion in 2021
Cryptocurrency-Based Crime Hit a Record $14 Billion in 2021
According to Chainalysis, illicit activities like cybercrime, money laundering, and terrorist finance accounted for 0.15% of $15.8T total crypto transactions conducted in 2021, reaching $14B and up 79% from $7.8B the previous year.
Cryptocurrency-Based Crime Hit a Record $14 Billion in 2021
Furniture giant IKEA raises prices as supply chain woes persist
Furniture giant IKEA raises prices as supply chain woes persist
The world's biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most of its stores worldwide said on Thursday.
Furniture giant IKEA raises prices as supply chain woes persist
Jobs Gap Has Grown to Two Unemployed Workers Per Three Openings Since Summer
Jobs Gap Has Grown to Two Unemployed Workers Per Three Openings Since Summer
The US unemployment rate hit 4.2% in November, a remarkable drop from the 14.8% peak reached in April 2020. Some analysts say this is the best market for job seekers ever: There are more than 11 million job openings in the US, compared to only 6.9 million people who are unemployed and looking for work.
Jobs Gap Has Grown to Two Unemployed Workers Per Three Openings Since Summer
A perfect storm for container shipping
A perfect storm for container shipping
In the first seven months of 2021, cargo volumes between Asia and North America were up by 27% compared with pre-pandemic levels.
A perfect storm for container shipping
China’s Venture Investors See 65% Drop in Fundraising
China’s Venture Investors See 65% Drop in Fundraising
There will be a lot less money sloshing around China’s tech startups next year—at just the time when they’re going to need it most. VC firms that invest U.S. dollars in Chinese tech startups have raised far less money this year than in the past. Such firms have raised $4.2 billion this year so ...
China’s Venture Investors See 65% Drop in Fundraising
Turkey's currency tumbles after latest rate cut
Turkey's currency tumbles after latest rate cut
The Turkish lira has fallen another 12% relative to the dollar, bringing its plunge to about 50% since rate cuts began in September. Erdoğan yesterday announced he's raising Turkey's minimum wage by an eye-popping 50%— a move that could also stoke further inflation which remains over 21%.
Turkey's currency tumbles after latest rate cut
The 2021 NFT Market Explained
The 2021 NFT Market Explained
In 2021, users have sent at least $26.9 billion worth of cryptocurrency to ERC-721 and ERC-1155 contracts, the two types of Ethereum smart contracts associated with NFT marketplaces and collections.
The 2021 NFT Market Explained
Puppet Entrepreneurship
Puppet Entrepreneurship
How should lawmakers assign legal rights and responsibilities in areas where corporations have blurred these lines of entrepreneurship.
Puppet Entrepreneurship
COVID-19 has made inflation a global problem
COVID-19 has made inflation a global problem
In case you haven’t heard … prices? They’re higher these days. That’s not terribly surprising, given the global supply chain debacle, but it turns out a once-in-a-lifetime pandemic has an impact, too. Dozens of countries have experienced inflation since the onset of the pandemic, and the United States has one highest rates. Today, we look at how the U.S. approach to addressing inflation differs from other countries around the globe. We’ll also take a trip to a warehouse to see its role in the global supply chain, hear how the Great Resignation isn’t necessarily benefitting everyone and celebrate jobless claims that haven’t been this low since the Beatles were together.
COVID-19 has made inflation a global problem