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UK kicks economy into shape quicker than expected

UK kicks economy into shape quicker than expected

The UK is recovering far quicker from the epidemic-driven crisis than previously thought. The sharp rebound came as a surprise to economists. Macroeconomic reports also show signs of robust growth in key indicators. This is why analysts are now betting on a faster revival of the economy.PMI indexes and retail sales are the best indicators of the state of the economy.
15:15 2021-05-11 UTC+00
US stocks slide on Biden’s tax hike plan

US stocks slide on Biden’s tax hike plan

Almost every American president made adjustments to the country's tax system and the current one was no exception. US President Joe Biden decided to make good on his campaign pledge to revise taxation on the rich.Biden proposed almost doubling the capital gains tax rate for wealthy individuals as a way to fund spending in the so-called American Families Plan.
11:44 2021-05-11 UTC+00
Bitcoin mining revenue increased in April

Bitcoin mining revenue increased in April

In April, the revenue of bitcoin miners increased by $1.7 billion. In comparison to March 2021, this figure declined slightly.Back then, miners generated a record $1,75 billion revenue. At the same time, transaction fees amounted to 14.5%, or $247 million, the record unseen since early 2018. On May 2nd, the value of the flagship cryptocurrency reached $56,623.
08:21 2021-05-11 UTC+00
S&P acknowledges US dependence on Russian oil

S&P acknowledges US dependence on Russian oil

Russian pro-Kremlin media has a grudge against Western rating agencies. The Big Three, including S&P Global Ratings (S&P), Moody's, and Fitch Group, are all headquartered in the US. No wonder, Russian federal media always finds an excuse to slam the top-notch think tanks with internationally recognized experts for their biased approach and unfair ranking.
08:13 2021-05-11 UTC+00
Bitcoin approaches tipping point

Bitcoin approaches tipping point

According to Bloomberg, the number one cryptocurrency is now facing a turning point. The main digital asset is recovering after a recent sell-off and a challenging time in the crypto market. On Wednesday, May 5, bitcoin was trading above its average value recorded over the past 100 days.
16:24 2021-05-10 UTC+00
Blue Origin to launch first sightseeing trip to space

Blue Origin to launch first sightseeing trip to space

On Wednesday, May 5th, it was reported that Blue Origin, Jeff Bezos’s rocket company, will start selling tickets to space tourists for a sightseeing trip on its New Shepard spacecraft. The wealthy are especially welcomed on board the rocket. Bezos himself hints at that in a promo video. Blue Origin keeps the cost of tickets a secret.
14:44 2021-05-10 UTC+00
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