Samuel Corum/Getty Images The Fed’s last interest rate hike is poised to happen in December, according to Pantheon Macro.That’s because the labor market and wage is inflation is finally showing signs of cooling down.“Don’t be deceived by low and stable initial claims; labor demand is slowing markedly,” Pantheon said. A Fed pivot in its interest…
Rebecca Zisser/Insider Hong Kong is considering a plan to allow retail investors to trade cryptocurrencies. The new proposal could also allow future offerings of real estate security tokens. If it goes through, the plan would mark a further divergence from mainland China, which has banned crypto trading. Hong Kong is weighing a proposal to allow…
The data: Total US credit card balances hit $916 billion in September—reaching pre-pandemic levels for the first time, according to Equifax data cited by the Wall Street Journal. Balances in September mirrored December 2019 levels and were 23% higher than their pandemic low in April 2021. Read the original article on Business Insider Read More
Instagram Reels CHRIS DELMAS/AFP via Getty Images Instagram confirmed it’s having issues on Monday. Some users took to Twitter to complain they had been randomly suspended. Outage reports surged at Downdetector. It’s not just you — Instagram is having issues. The company confirmed it was experiencing problems on Monday morning. “We’re aware that some of…
The news: The four largest UK banks released their Q3 2022 earnings and outlooks for 2023. The results showed the banks in relatively strong financial positions, but the economic downturn in the UK has banks on guard. Read the original article on Business Insider Read More
U.S. President Joe Biden, joined by Education Secretary Miguel Cardona, speaks on student loan debt in the Roosevelt Room of the White House August 24, 2022 in Washington, DC. President Biden announced steps to forgive $10,000 in student loan debt for borrowers who make less than $125,000 per year and cap payments at 5 percent…
Ukrainian President Volodymyr Zelenskyy (left) and President Joe Biden (right). Doug Mills-Pool/Getty Images Biden and Zelenskyy had a tense phone conversation in June, NBC News reported. The leaders were discussing a US military aid package when Zelenskyy suggested he needed more help. Biden expressed unwavering support for Ukraine immediately after the call, and in the…
You’re not alone if you’re unable to check your Instagram feeds. Instagram has confirmed that some users are “having issues” accessing their accounts. The social network hasn’t identified a cause as of this writing, but some users have received notices that their accounts were suspended, while others have seen their follower counts drop. We’ve asked…
MediaTek’s Diomensity 9200 chip has been rumoured for a while and a new leak appears to show that it’ll be official on 8 November, 2022. The latest announcement from MediaTek is now set to arrive before Qualcomm can get its Snapdragon 8 Gen 2 unveiling over and done with if a newly-leaked event invitation is…
The Black Friday sales often bring some great deals for popular Chromebooks. These laptops are normally more affordable than Windows or Apple models, great for tasks that revolve around browser-based activities, like working with online apps – common for many schools. The Black Friday deals will be starting in earnest on 25 November. But in…