States have never spent more money, as general fund spending for all states topped $1.08 trillion for fiscal year 2022, an 18.3% increase over FY 2021 levels and the highest annual growth ever recorded by the National Association of State Budget Officers’ Fiscal Survey since its inception in 1979. That’s due to a number of
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Bitcoin (BTC), Ether (ETH) and other cryptocurrencies have given back their gains despite cooling inflation. After jumping to one-month highs, BTC price action, as well as that of major altcoins, has reversed downwards — but why? Volatility across the board accompanied the latest United States macroeconomic data and comments on policy from the Federal Reserve.
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Twitter CEO Elon Musk defended his decision to ban several prominent technology reporters from the platform on Thursday night, claiming they violated Twitter’s policies on “doxxing.” “You dox, you get suspended,” Musk said on a Twitter spaces conversation with journalists. “End of story.” Doxxing is the act of sharing information like addresses, phone numbers and
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Amazon.com, Inc. AMZN shares are trading lower by 3.73% to $88.16 going into the close of Thursday's session.Shares of retail and e-commerce companies are trading lower following Wednesday's Fed decision. The Fed raised rates by 50 bps and increased its federal funds rate projections while lowering its GDP outlook. These catalysts could negatively impact spending
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