A Taco Bell employee was fatally shot at a Los Angeles drive-thru on Saturday after refusing to accept a counterfeit $20 bill. The 41-year-old father of three was reportedly shot multiple times and pronounced dead at the scene. The family of the deceased victim identified him as Alejandro Garcia,...
Business
BizTech Weekly
January 10, 2022
The consumer-price index in the United States is forecast to rise above 7% for the first time since 1982, highlighting the widespread inflation pressures affecting the economy during the pandemic. The Federal Reserve appears poised to raise interest rates as soon as March amid increasing concern over tight labor...
BizTech Weekly
January 10, 2022
A number of startups, including Shiprocket, Porter, Neobank Jupiter, Open and edtech companies Vedantu, Eruditus and UpGrad have secured sizable funding rounds in recent years. These startups boast a collective valuation of over $3 billion as they continue to attract investment from top-tier firms. In 2021 alone, three new...
BizTech Weekly
January 10, 2022
Now, the key for Fed policy is inflation, not the labor market. The December CPI report is expected to show further acceleration, which could lead to more rate hikes this year. The Canadian dollar rose about 0.7% after the pre-weekend jobs report, which was enough to offset most of...
BizTech Weekly
January 10, 2022
This week, earnings season kicks off and provides some pieces to the unfolding puzzle. Growth stocks – firms that trade at huge multiples of their earnings because their selling point is future profits – will likely be scrutinized most. The technology sector, which is expected to post lower earnings...
BizTech Weekly
January 9, 2022
Two years have passed since a pandemic hit, and a lot has changed about the way startup launch pads look and feel today. If an accelerator like Y Combinator ever hosts 1,000 startups per batch, automatically investing in each startup would be capital-intensive and could unintentionally dilute its own...
BizTech Weekly
January 9, 2022
Ethereum falls 5.1% in the last 24 hours as of 4:20 p.m. ET, with its value falling 17% in the past week and 31% over the past 30 days to reach $3,000 in afternoon trading today before recovering slightly. Cardano falls 5.5%, Shiba Inu falls 5.9%, and Cosmos falls...
BizTech Weekly
January 9, 2022
Bitcoin has fallen for seven days in a row, the longest losing streak since 2018. It is slipping towards the key psychological threshold of $40,000. Bitcoin’s stretch of losses is now the longest since the downdraft from July 30 to August 4 in 2018. Many investors say that bitcoin...
BizTech Weekly
January 6, 2022
An ETF (Exchange Traded Fund) is a type of financial product that holds multiple underlying assets rather than holding only one underlying asset as a stock does. Because of the multiple assets contained within an ETF, they can be a popular choice for diversifying your investment portfolio. Banking-focused ETFs...
BizTech Weekly
January 4, 2022
There are many reasons why nearly all industries will prefer blockchain in the future. Blockchain is a distributed database that allows for secure, transparent, and tamper-proof transactions. It can revolutionize how industries operate by reducing costs, improving efficiency, and creating new opportunities for businesses and consumers alike. Here are...
