Tag: Forex

Purchasing power has an inverse relationship with inflation.  Igal Ness via Unsplash; Canva ContentsWhat Does Purchasing Power Mean? How Does Purchasing Power Relate to Inflation and Cost of Living? What Is Purchasing Power Parity? What Is a Purchasing Power Index? What Does Purchasing Power Mean? Remember when you could buy two Mcdonald’s Big Macs with…

The U.S. government and automakers seem to be on the same page about transforming the country’s car culture from one based on an internal combustion engine to one based on battery-powered electric vehicles.  Both sides seem to understand that such a large change will require tens of billions of dollars in investments before consumers migrate…

Share to FacebookShare to TwitterShare to LinkedinDENVER, CO – FEBRUARY 18: Ethereum co-founder Vitalik Buterin speaks at ETHDenver on February 18, 2022 in Denver, Colorado. (Photo by Michael Ciaglo/Getty Images) Getty Images Six years in the making, the most sophisticated upgrade in crypto’s history is complete. At 6:42 A.M. Coordinated Universal Time (2:42 A.M. EDT),…

Share to FacebookShare to TwitterShare to LinkedinNio EC6 electric SUV is seen at a NIO battery swap station (Photo by Jin Zheming/VCG via Getty … [+] Images) VCG via Getty Images The $1billion bankruptcy of Better Place seemed to have ended battery swapping as the way to recharge electric cars. But Chinese players are having…

U.S. equity futures traded firmly higher Friday, while the dollar retreated and Treasury bond yields held steady, as investors drew comfort from both the certainty of Fed rate hikes and the prospects of a soft landing for the world’s biggest economy. Federal Reserve Chairman Jerome Powell’s forty minute discussion with Cato Institute president Peter Goettler…

A beleaguered cryptocurrency exchange is facing more turmoil in the wake of a plunge in currency valuations. Coinbase  (COIN)   shares have fallen by 75% amid weak earnings and lower trading volume this year. The company’s shares are extremely volatile as its attempts to regain a foothold in the crypto industry remain murky.  Shares closed negative 13…

Share to FacebookShare to TwitterShare to LinkedinRings of Power Amazon Amazon is not amused about the fanboy wars that have surrounded its billion dollar Lord of the Rings series, Rings of Power. Unlike its rival House of the Dragon, Rings of Power has become the latest front in the review bombing wars, the most recent…

Share to FacebookShare to TwitterShare to LinkedinBosch plans to start making fuel cell stacks at its Anderson, South Carolina, plant in 2026 for hydrogen trucks. Bosch Bosch, the German conglomerate that makes everything from dishwashers to industrial software and security systems, is investing $200 million in its auto parts factory in South Carolina to produce…

Share to FacebookShare to TwitterShare to LinkedinTopline The U.S. dollar hit a two-decade high on Monday, responding to Federal Reserve Chairman Jerome Powell’s comments that the central bank will continue to tackle inflation “forcefully”—signaling further interest rate hikes. The value of the U.S. dollar hit a 20-year high on Monday morning. SOPA Images/LightRocket via Getty…

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