New York Fed’s Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next Year

Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S. residents expected 4.9% at the time. Month After Month, Consumer Inflation Expectations Continue to Climb Higher The cost of services and goods in the United States has risen a great deal and Americans have been worried about rising inflation. Citizens…

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‘Am I on drugs?’ These 7 California recall moments had people wondering

SACRAMENTO, Calif. — When Gov. Gavin Newsom attended a French Laundry dinner party in November, he couldn’t have known months later he’d be picking up trash from homeless encampments and hitting city after city campaigning for his political life. Newsom’s night out spurred outrage and sent GOP signature gathering into overdrive, tapping into frustration among Californians who were tired of pandemic restrictions. The resulting recall is not the blockbuster that occurred in 2003 — when movie star Arnold Schwarzenegger became governor — but a cast of 46 characters this year…

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California’s recall election, in photos

California’s gubernatorial recall has been a stomach-churning political roller coaster ride for Gov. Gavin Newsom — one that looked at the start like a longshot, and even a crazy impossibility, in the deep-blue state. But the drive, started last year by determined conservative activists, beat the odds and turned into a very real and very expensive drama that has dominated California’s political landscape for months, from the big cities to the Central Valley. Conservative radio host Larry Elder’s rise to the top of a field of 46 candidates turned the…

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Nigeria’s CBDC ‘a Safer Option’ Than Privately Issued Cryptocurrencies: Central Bank Official

As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” Payment System Stability In addition, the CBN’s digital currency — also known as the e-naira — is expected to complement current areas of payment options. This, according to Shonubi, will ensure “the stability of the payment system in the long run.” Meanwhile, in his other remarks as reported by Nairametrics, Shonubi…

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Hedge Fund Brevan Howard Expands Crypto Business — Expert Hired to Lead New Digital Asset Unit

Brevan Howard, a European hedge fund management company, has said it will be expanding its crypto business. BH Digital, which is the hedge fund’s recently created unit, is expected to “manage its cryptocurrency and digital assets.” Growing Interest in Crypto From Hedge Funds In addition to creating BH Digital, Brevan Howard, according to a Reuters report, has also said it will be hiring Colleen Sullivan, the current CEO of the digital arm of trading firm CMT, to lead private and venture investments in crypto. The announcement by Brevan Howard, which…

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First class Rideshare Attorney | Uber Accident Lawyer | Lyft accident attorney

Lyft accident attorney Auto crashes regularly lead to wounds, which might be qualified for individual injury inclusion relying upon your own auto approach, your rideshare organization strategy, regardless of whether you are driving a ride demand at the hour of the occurrence, and not really settled to be to blame. Driving administrations like Uber and Lyft have become one of the most helpful ways for individuals to get starting with one spot then onto the next, all using a simple to-utilize telephone application. Notwithstanding their wide use, nonetheless, drivers and…

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FSC Regulatory Overhaul Expected to Shut Down 40 Crypto Exchanges in South Korea

A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect holders of locally used “kimchi” coins, that won’t be able to trade them for fiat in other exchanges. This could bring losses of more than $2.6 billion. South Korea Exchange Options to Reduce Drastically A regulatory overhaul might reduce drastically the number of exchanges operation in South…

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FUFU Raises $1.7m From Major Investors to Develop the Next Generation Content Marketing Platform

UwUFUFU.com, a content marketing platform, has successfully raised $1.7 million USD from early investors. Adopting the play-to-earn mechanism in the form of viral quizzes, anyone can create, play, share quizzes and earn NFTs through FUFU’s reward system. NFTs on FUFU function as a collectible and a potential membership to gain access for future events, drops, sales, and more. They also function as “boosts” in drop rate and rarity of items from loot balls, which serve as the delivery mechanism of rewards. This is the backbone of FUFU, which they believe…

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Biden: Keep Newsom in office ‘or you’ll get Donald Trump’

LONG BEACH, Calif. — President Joe Biden headlined an ebullient rally Monday night against recalling California Gov. Gavin Newsom that amplified the governor’s casting of the campaign as part of a national struggle. Speaking on the day before voting concludes, Biden described the recall race as an extension of the 2020 presidential contest. He repeatedly said a Newsom victory would “send a message” to the nation and cast Republican frontrunner Larry Elder as “the closest thing to a Trump clone that I’ve seen in your state,” warning Elder would undermine…

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Shark Tank Star Kevin O’Leary Expects a ‘Trillion Dollars’ Flowing Into Bitcoin

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects a “trillion dollars” more to flow into bitcoin in the next couple of years. He also sees cryptocurrencies becoming an institutional asset class. “We don’t know when but it is definitely going to come. It’s not going away,” he said. Kevin O’Leary Sees Trillion-Dollar Opportunity in Bitcoin Kevin O’Leary talked about bitcoin and cryptocurrency in an interview on CNBC’s Capital Connection, published Monday. “I’m bullish on crypto,” O’Leary began, adding that he is also bullish on decentralized finance (defi). Citing the…

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Democrats confront their Manchin and Sinema dilemma

Joe Manchin and Kyrsten Sinema hold the reins on President Joe Biden’s jobs and families plan, and their fellow Democrats are struggling with how to handle it. Led by Manchin’s media tour on Sunday shows and in the Wall Street Journal op-ed pages, the two moderate senators are essentially dictating the final terms of what their colleagues have envisioned as a transformational social spending, tax and environmental package. Manchin’s willingness to take his argument to the public has progressives seething and has made him the focal point of angst within…

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Democrats put tax hikes on fast track — after knocking GOP’s haste on tax cuts

Democrats’ rush to pass a slate of tax increases is giving some Republicans déjà vu. It’s reminiscent of the speed with which they muscled their 2017 tax cuts through Congress — which were widely criticized by Democrats and others as hastily written. Republicans released the outline of what became the Tax Cuts and Jobs Act four years ago this month. “It is eerily similar,” said Mark Prater, who at the time was their chief tax counsel on the Senate Finance Committee. The House Ways and Means Committee aims to approve…

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Singapore’s Largest Bank DBS Sees Rapid Growth in Crypto Business, Robust Demand From Investors

DBS Group Holdings, the largest bank in Singapore and Southeast Asia, says its crypto business is “growing very rapidly.” The bank’s digital asset trading platform expects to double the number of members by year-end. Singapore’s DBS Expects Substantial Growth in Crypto Business DBS’s senior executives said in an interview, published by Reuters Monday, that the bank is seeing robust demand from corporate investors, accredited individuals, and investment firms that manage assets of wealthy families. The executives added that the bank expects the number of members trading on its cryptocurrency exchange…

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