Economy
‘Prepare to lose all your money’ — regulator’s blunt warning on bitcoin and other cryptocurrencies (adam)
The U.K.’s financial regulator on Monday issued a very blunt warning about the rise of bitcoin and other cryptocurrencies.
The warning was prompted by firms “offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns,” the Financial Conduct Authority said.
UK Faces Tighter COVID Restrictions Amid “Extremely Perilous Moment”
Reports about England possibly being hit with even more restrictive lockdown measures amid concerns that people aren’t following the “Tier 4” restrictions closely enough are weighing on the pound Monday, while the world waits to see whether the most COVID-ravaged country in Western Europe will ratchet up restrictions even further.
According to the Telegraph, MPs are discussing rules banning people from different households who are not in the same “support bubble” from exercising together, a decision that would bring the restrictions more closely in line with the first lockdown in March.
‘New York is not dead, but it is on life support’
Andrea Wilhelm gave up her New York City apartment in August – and she’s not sure whether she will ever return.
The 30-year-old software designer loved living in New York – attending Broadway shows, frequenting dog parks, and the serendipitous walks of daily life. For nearly five years, she willingly paid the city’s premium rents and taxes, while commuting to work in another state.
DB Head Credit Strategist: “These Are Not Normal Markets”
After being back from holiday less than a week this year, many interesting themes are developing and I’m increasingly thinking that this is not going to be a low vol dull year. Let me stress that I think economic growth could increasingly get revised up once we hit Q2 onwards and that we could see some pretty major pent up demand once we get into the summer months. So it’s difficult to get too concerned about the economy.
Parler social network drops offline after Amazon pulls support
Parler has dropped offline after Amazon pulled support for its so-called “free speech” social network.
The platform had been reliant on the tech giant’s Amazon Web Services (AWS) cloud computing service to provide its alternative to Twitter. It is popular among supporters of Donald Trump, although the president is not a user.
Stop Blaming COVID-19 Deaths On Population Density
One of the most persistent myths about the threat of COVID-19 is that it is inextricably linked with population density. Since March, this explanation has shown up in magazine articles and news reports both domestically and internationally. It has appeared in the speeches of mayors and governors and the columns of pundits from across the ideological spectrum.
It has also been thoroughly debunked.
The Inflation Debate That’s Roiling U.S. Markets Faces 2021 Test
They’re still in the minority, but investors and economists who think America is in for a bout of inflation — perhaps a serious one — start the year with some fresh ammunition for their arguments.
Vaccines hold out the prospect of an end to pandemic restrictions that could bring consumers roaring back. It’s what economists call pent-up demand –- a label that applies quite literally right now.
Twitter shares sink after Trump’s account deleted
Twitter Inc. shares were under pressure Monday after the social-media platform deleted President Trump’s account in a move the company said was done to prevent further violence.
Shares of the Palo Alto, Calif.-based company fell more than 10% at the opening bell, erasing more than $2.5 billion from Twitter’s $41 billion market capitalization. Facebook Inc. and Alphabet Inc. were also lower after Trump’s accounts were removed from their platforms
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