economic news

Hasbro defends Magic: The Gathering strategy, says 'there's no evidence' cards are overprinted

Hasbro defends Magic: The Gathering strategy, says ‘there’s no evidence’ cards are overprinted

A Magic: The Gathering card is displayed on a cellphone during a weekly tournament at the Uncommons hobby store in New York, U.S., Thursday, June 27, 2019. Photographer: Mark Abramson/Bloomberg via Getty Images Mark Abrahamson | Bloomberg | Getty Images Hasbro defends his strategy for his popular game Magic: The Gathering. At a conference hosted …

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iPod creator Tony Fadell designed a $279 credit card-sized device to store your crypto

iPod creator Tony Fadell designed a $279 credit card-sized device to store your crypto

iPod creator Tony Fadell has designed a new hardware wallet for users to store their cryptocurrency. The product, created by French crypto asset security company Ledger, was launched on Tuesday at the company’s annual Ledger Op3n event. Its launch comes at a time when trust in centralized crypto platforms is fading following the collapse of …

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Bank of America Sees AI Transforming the Internet in the Next Five Years - Top Stocks Will Follow the Trend

Bank of America Sees AI Transforming the Internet in the Next Five Years – Top Stocks Will Follow the Trend

Artificial intelligence will be a catalyst for big tech stocks over the next five years, according to Bank of America. The sector was beaten in 2022 thanks to macroeconomic factors, including inflation and rising interest rates. The tech-heavy Nasdaq Composite is down 25% this year, compared to the nearly 12% drop in the S&P 500. …

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Top Wall Street analysts are betting on these stocks to prepare for a steep decline

Top Wall Street analysts are betting on these stocks to prepare for a steep decline

VMware at NYSE, December 14, 2021. Source: NYSE Investor attention returned to the Federal Reserve following a November jobs report last week. Indeed, even though the central bank has pushed interest rates up, the economy continues to create jobs and wages continue to rise. Friday’s report on last month’s payrolls surprised investors and dampened sentiment. …

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Amazon's cloud unit faces cost-sensitive customers as economic fears rise

Amazon’s cloud unit faces cost-sensitive customers as economic fears rise

Amazon Web Services has been its parent company’s biggest growth engine for most of the past decade, taking business with some of the world’s largest technology vendors. But as companies face the most discouraging economic environment since the 2008 financial crisis, those massive checks they send to AWS for their technology infrastructure are coming under …

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If Biden's student loan plan fails, these benefits can help pay off student debt

If Biden’s student loan plan fails, these benefits can help pay off student debt

Biden’s student debt relief plan remains stuck in legal limbo, but some borrowers have one saving grace: their employer. Companies have mobilized in recent years to help student borrowers get rid of the yoke of debt. They do this in a number of ways, including offering direct help or through relief tied to employee retirement …

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