A transaction on the Solana network takes less energy than two Google searches, and 24 times less energy than charging your phone, according to a Nov. 25 report by the Solana Foundation. The report states that a single transaction on its network uses 0.00051 kWh, or 1,836 Joules, of energy. According to Google, an average
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Home prices hit an all-time high of $359,975 in the four-week period ending November 21, according to a new report from Redfin, a technology-powered real estate brokerage. This was up 14% year over year, the largest increase since early September. Prices have risen in the past month nearly four times faster than they did at the
Germany’s central bank warned Thursday about skewed valuations in the housing market, calling it a “specific vulnerability” as property prices continue to soar. “We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don’t really see a big effect of the pandemic,” Claudia Buch, vice-president at the
In this article M FTCH Betsie Van der Meer | DigitalVision | Getty Images With holiday shopping on my mind and Black Friday in plain sight, I’m laser-focused on the retail sector and its participation in my clients’ investment portfolios. Last week was big for consumers: October retail sales numbers beat expectations, and we had
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing rising labor costs, inventory issues, shopping costs and factory closures as challenges. Gap shares dropped
The Puerto Rico bankruptcy judge is likely to approve the Oversight Board-proposed Plan of Adjustment or something close to it this winter, observers and analysts say. While participants hoped the plan would be effective by Dec. 15 (a deadline in the bondholder Plan Support Agreement), on Nov. 17 the U.S. Attorney General asked for a
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Municipals ended Wednesday where they began the week — unchanged — as traders’ minds were on a meal rather than munis. While the market reopens on Friday, shops will only have a skeleton staff on duty during the abbreviated post-Thanksgiving trading session with the next real test of benchmark levels taking place on Monday. Economic
The central Mexican city of San Miguel de Allende was recently crowned the best city in the world by Travel & Leisure. The No. 1 ranking came as no surprise to Ann Dolan, a broker with CDR San Miguel who has lived in San Miguel de Allende with her husband Jim for 25 years. The city, 170 miles northwest
Aerial view of 3030 Meadow Lane in Weston Florida at twilight. Daniel Petroni This 12,323-square-foot mansion recently hit the market with a $14 million price tag, making it the most expensive listing the city of Weston, Florida, has ever seen. The 27-square-mile city is about 31 miles northwest of Miami in the western-most part of
In a Twitter post published Wednesday, blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) worth $4.24 billion had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing
In this article TSLA AAPL Closely watched money manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by purchasing Tesla when given the chance during the electric vehicle maker’s troubled Model 3 ramp-up. “We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle?
Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago | Reuters Expect more tough talk from the Federal Reserve, as it may consider winding down its bond program sooner than expected. Based on comments from a number of Fed officials, market
Former U.S. Treasury Secretary Lawrence Summers said Federal Reserve policy makers are signaling a “new era” in which they recognize the U.S. economy is overheating as inflation runs at its fastest in three decades. Speaking on Bloomberg Television, Summers said that Fed Chairman Jerome Powell and Gov. Lael Brainard this week used rhetoric that “portends
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Genomics ETFs have surged of late; here’s why.
Bankruptcy Judge Laura Taylor Swain will give the U.S. Department of Justice until early February to file opinions on the constitutionality of the law that was the basis for the restructuring deal, meaning a final decision on the Puerto Rico Plan of Adjustment may be pushed into 2022. Swain gave the District Attorney until Jan.
It’s true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didn’t give him
In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tro (TRX) for United Stat customers by the end of the year. After Dec. 31, U.S. users will no longer be able to open new positions in the tokens nor stake ADA and TRX. In addition, wallets
How bad is this nation’s homeless crisis? Two startling statistics bring it all home. Only 4 million housing units exist for the 10.8 million renter households with incomes below the poverty line or 30% of area median income (AMI). Seven in 10 of those households spend more than half their incomes on rent in the