Tuesday☕️

Earth Intelligence

Earth Intelligence

— 3 min read
Tuesday☕️

Trending:

  • Jerome Powell
  • Microsoft

Markets:

  • Yesterday's US market performance:
TradingView
  • Yesterday's crypto market data:
TradingView @9:02 PM EST

Jerome Powell:

  • Fed Chair Jerome Powell will testify before Congress today and tomorrow, discussing inflation, monetary policy, and the general state of the economy.
  • This two-day event will help set expectations for the upcoming policy meeting later this month, where officials must decide how to respond to recent economic data.

Microsoft:

  • Microsoft announced its plan to acquire Activision Blizzard for $68.7 billion (in Jan. 2022), which would be the company's largest-ever acquisition.
  • However, the obstacle is the FTC is blocking the deal over concerns over a potential gaming monopoly.
  • The FTC argues that if Microsoft buys Activision Blizzard, it would break antitrust laws and harm competition in the gaming market.
  • In August, court proceedings between Microsoft and the FTC will determine the deal's outcome.

Business:

  • Meta has announced a price reduction for its Quest Pro and 256GB Quest 2, now priced at $999 and $429.
  • Ericsson has admitted to violating US foreign corruption laws and has agreed to pay a fine of over $206 million for engaging in bribery and falsifying records.
  • The construction of certain portions of Amazon's HQ2 in Arlington, Virginia, has been suspended.
  • In 2022, Ford secured 1,342 patents.

Statistic:

  • In 2010, Bitcoin was $0.008. In 2010, 125 Bitcoins cost $1.
  • Yesterday, Bitcoin was $22,482. 125 Bitcoins are now worth $2.81 million.
  • Therefore, the percentage gain of bitcoin (since 2010) is 2,810,249%.
  • Despite volatility, Bitcoin has been the fastest-growing asset on Earth since its creation in January 2009.

Article Link:

The Federal Reserve: Modern Money Mechanics
The Federal Reserve, also known as the Fed, is the central banking system of the United States. It was created in 1913 with the passage of the Federal Reserve Act, which aimed to establish a more stable and flexible monetary and financial system. The Fed is made up of 12
TIME IS MONEYTime Is Money
Blockchain Explained:
Over the past few years, Blockchain technology and crypto assets have gained popularity. Despite criticism and praise, we’d like to inform you about blockchain’s foundations, capabilities, and the biggest players involved. Blockchain technology is a system used to execute, facilitate, and record tr…
TIME IS MONEYTime Is Money
CBDC’s Explained
Central Bank Digital Currencies (CBDCs) are blockchain versions of traditional fiat currencies issued and backed by central banks. They have been gaining attention in recent years as a potential solution to issues facing the current monetary system. The concept of CBDCs are familiar, but with the ri…
TIME IS MONEYTime Is Money

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