The $1.80 level gives way A magnet at just over $1.60 A new low is likely Bear markets can last for extended periods, and often torture those market participants who attempt to buy at new lows, that turn out to be temporary levels on the way to even lower values. […]
French farmers sweat over subsidies in post-Brexit EU budget talks
Economic Indicators12 hours ago (Feb 18, 2020 01:06PM ET) By Lucien Libert and Charles Platiau LIZINES, France (Reuters) – French dairy and crop farmer Jean-Claude Pette relies on European Union subsidies to keep his 200-hectare farm afloat. But he worries support could be cut as governments seek ways to plug […]
Home Sales Jump With Builders Recording Best January Since Crash
Economic Indicators2 hours ago (Feb 18, 2020 10:05AM ET) (C) Reuters. Home Sales Jump With Builders Recording Best January Since Crash (Bloomberg) — U.S. homebuilders are off to a hot start in 2020. In January, the average number of new home orders per community surged 34% to the highest level […]
The Atlantic Ocean’s ‘Conveyor Belt’ Stirs Up a Science Fight
Smack dab between eastern Canada’s Misery Point and Greenland’s Cape Desolation is a place where the thrashing of the Atlantic Ocean’s churn sounds about as friendly as the nearby place names. This stretch of water, the Labrador Sea, has long been considered a critical junction in the global circulatory system […]
With Over 2 Weeks Left Before OPEC Meets, Where Next For Oil?
It was never meant to be like this. At least not in the way the Saudis had imagined it. After breaking up the last OPEC meeting back in early December, Saudi Energy Minister Abdulaziz bin Salman might not have imagined he would be under duress to hold the next one […]
German Investor Confidence Plunges Amid Coronavirus Risks
Economic Indicators6 hours ago (Feb 18, 2020 06:57AM ET) (C) Reuters. German Investor Confidence Plunges Amid Coronavirus Risks (Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Investors have been plunged back into a gloomy mood over the German economy […]
Saudi inflation up in January for second consecutive month
Economic Indicators6 hours ago (Feb 18, 2020 06:31AM ET) DUBAI (Reuters) – Saudi Arabia’s consumer price index rose 0.4% in January from a year earlier, official data showed on Tuesday, the second consecutive month of positive inflation after it was in negative territory for most of last year. Hikes in […]
Deliver Us, Lord, From the Startup Life
If that sort of talk sounds a little elevated for a product that is, as Reynolds also acknowledges, basically “a focus group on your phone,” or if you’re not used to metaphors that compare salvation to a software update, welcome to the worlds of both Christian and startup evangelism–worlds that, […]
AI, the Transcription Economy, and the Future of Work
Gabriel is a professional transcriber, and for years he earned a middle-class living. In the early 2000s he’d make up to $40 an hour transcribing corporate earnings calls. He’d sit at his desk, “knock it out” for hours using custom keystrokes, and watch the money roll in. “I sent my […]
Angry Nerd: Don’t Fall for the Quantum Con
Have you ever really looked at a photon? Part wave, part particle, all perfection. Yet they bring out the worst in some -people, who bring out the worst in me. Let’s start with the obvious: Photons, in all their quantum quintessence, can improve the security of internet connections. Anybody can […]