Month: November 2021

Shortly after her swearing in as Boston mayor, Michelle Wu acted on her signature campaign theme, free transit rides. Sidestepping the state-run Massachusetts Bay Transportation Authority, Wu asked the City Council to approve the use of $8 million in federal rescue funding to expand a pilot program for two more years, to backstop rides on
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Nonfungible tokens, or NFTs, are certificates of ownership representing digital artwork, music, videos, audio, memorabilia, and more. They have rapidly gained in popularity over the past year for their ability to enable everyday artists to create and sell content. In fact, OpenSea, the world’s biggest NFT marketplace, recently surpassed $1.6 billion in monthly trading volume
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The pandemic era has been a problem-plagued age for many coworking platforms. Into that industry of late has come new and fine-tuned approaches to the coworking concept. Coworking companies that control their own spaces as opposed to leasing square footage, reach out to very distinctive niches in the entrepreneurial marketplace, and/or establish their coworking properties
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In a recent article we looked at the poverty rates across all 50 U.S. states. Now, using data from the U.S. Census Bureau’s 2019 and 2014 American Community Survey, Five-Year Estimates, we’ve analyzed all major American cities (those with populations of at least 100,000) in terms of the percentage of their populations living below the
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Germany’s central bank warned Thursday about skewed valuations in the housing market, calling it a “specific vulnerability” as property prices continue to soar. “We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don’t really see a big effect of the pandemic,” Claudia Buch, vice-president at the
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The Puerto Rico bankruptcy judge is likely to approve the Oversight Board-proposed Plan of Adjustment or something close to it this winter, observers and analysts say. While participants hoped the plan would be effective by Dec. 15 (a deadline in the bondholder Plan Support Agreement), on Nov. 17 the U.S. Attorney General asked for a
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Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Cathie Wood — known for her innovation ETFs that garnered billions in inflows during the pandemic — said Ark Invest is internally
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Check out the companies making headlines before the bell: Deere & Co. (DE) – The farm equipment maker reported quarterly earnings of $4.12 per share, beating the consensus estimate of $3.90, although revenue came in slightly below analyst forecasts. Deere said solid demand for its products helped cushion the impact of a month-long workers strike. Deere rallied
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Blockchain technology is transformative for both our financial system and commercial enterprises, as well as for improving the human condition. More and more unbanked citizens both abroad and here in the United States now can have the capability to transfer and receive funds from loved ones with speed, economic efficiency and anonymity, where necessary, from
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President Joe Biden has announced the release of oil from the US’s strategic stockpile in a bid to drive down petrol prices and snuff out a crude market rally that the White House has said poses a threat to the global economic recovery. The White House said on Tuesday the president was authorising the release
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