According to one economist, Thursday’s revised gross domestic product figure was a clear sign that the U.S. economy is doing quite well. “The GDP revisions show that the US economy was in good shape in mid-2024,” Bill Adams, Chief Economist for Comerica Banksaid on Thursday. “Solid growth in consumer spending drove the economy forward in […]
According to a recent report by McKinsey & Company, there is still a long way to go to bring real-world assets (RWAs) onto the blockchain. Nevertheless, there is a lot of potential as the market could reach a total tokenized market capitalization of about $2 trillion by 2030. Mantra – a Layer 1 blockchain that […]
A study by Institute for Network Contagion Research or NCRI in collaboration with Rutgers University suggests that ByteDanceThe algorithm of the company’s own social media platform TikTok promotes content that favors the Chinese government. What happened: Building on the December 2023 findings, the study found “compelling and strong circumstantial evidence” that TikTok content is manipulated […]
The newly appointed CEO of Boeing BA, Kelly Ortberghas decided to relocate to Seattle, the company’s original headquarters, to address the ongoing security crisis. What happened: Ortberg’s move from Boeing’s Washington DC headquarters to Puget Sound, Washington, follows criticism that the company has lost touch with its manufacturing roots, sparked by an incident in January […]
