Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images LightRocket via Getty Images After years of anticipation on December 19, 2019 the European Commission (the Commission) issued a public consultation on crypto assets, which concluded on March 19, 2020. The consultation paper follows detailed due diligence including a report on virtual currencies by the European…
Volunteers help load a vehicle with boxes of food at a food bank in the Los Angeles County city of … [+] Duarte, California on July 8, 2020 as the record for most coronavirus cases in a single day is set in California. – Oxfam, the confederation of 19 charitable independent organizations focusing on the…
TOPLINE The stock market moved slightly higher on Wednesday thanks to positive vaccine news from Pfizer and despite the U.S. ordering China to close its consulate in Houston—a move that further escalates tensions between the world’s largest economies. The Chinese consulate in Houston. Mark Felix/AFP via Getty Images KEY FACTS The Dow Jones Industrial Average…
The recent COVID-19 pandemic continues to expand the disparities between capital and labor, highlighting impact on not only employee rights, but also the overall economic activity in the United States. Unfortunately, the pandemic did not spare the tech industry. Public and private tech employees, from large to small companies, have been affected from changing their…
Getty Rising tensions between the U.S. and China were offset by investor expectations of a vaccine as Pfizer signed a massive contract with the U.S. government. Markets are trading flat after a brief rally. Home sales jumped by 20.7% in June compared to May, another economic data point to be optimistic about. However, all eyes…
Paintings hang on display in the Amber Room in Catherine’s Palace, near St. Petersburg, in Russia, … [+] on Monday, Feb. 19, 2007. In 1941, the Nazis dismantled the original room and shipped it to Konigsberg, now Kaliningrad. Russian artists began to recreate the amber room in the 1980’s, and the it opened to the…
Criminals have pounced on opportunities thrown up by the coronavirus lockdown Getty Online fraud has always been a source of rich pickings for criminals, but coronavirus and its associated lockdown has made the internet even more of a happy hunting ground for scammers and con artists. According to financial services giant Aviva’s Fraud Report, 1…
As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the…
Digital dollars and central bank digital currencies have become a hot topic in the last year. China’s plans for a digital yuan, along with Facebook’s digital currency libra project, have elevated calls for a digital dollar—with the coronavirus crisis and the need to distribute cash to Americans resulting in a provision for a digital dollar…
Getty The last few years of this capital cycle have paved the way to an explosive growth of first-time funds in alternative assets including venture capital and crypto. As an LP, I had the chance to speak candidly with many aspiring fund managers in the early stages of thinking about raising a fund. This post…