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Energy

“Hydrogen generation could become a $1 trillion per year market, Goldman Sachs says”

“Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs. “If we want to go to net-zero we can’t do it… Continue Reading…

Cryptocurrencies

“Crypto collapse erases more than $1 trillion in wealth, forcing a reckoning for everyday investors”

“By the end of last year, the value of Hasten Carter’s cryptocurrency holdings had climbed to about $250,000. He moved to a nicer apartment, bought a new truck, and started thinking about pursuing his dream of a full-time career in… Continue Reading…

Economy

“Debt Up $2 Trillion in 1 Year of Biden”

“When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92. That means that during Biden’s first 12… Continue Reading…

Economy

“$1,051,873,000,000: Record Federal Tax Collections Top $1 Trillion in 3 Months”

“Total federal tax collections in the first three months of fiscal 2022—October through December—set a record as they topped $1 trillion, hitting $1,051,873,000,000, according to the Monthly Treasury Statement released today. Prior to this year, the most the federal government had… Continue Reading…

Cryptocurrencies

“Crypto world hits $3trn market cap as ether, bitcoin gain”

“The cryptocurrency market is now worth more than $3 trillion. As of 7:38 a.m. in London, the overall market cap of cryptocurrencies hit $3.01 trillion, according to CoinGecko pricing. The third- and fourth-biggest tokens, Binance Coin and Solana, have added… Continue Reading…

Banking, Economy

“Trillion-dollar platinum coin could be minted at the last minute”

“A trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so,” Philip Diehl, former director of the United States Mint, tells Axios. Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to… Continue Reading…

Cryptocurrencies

“Cryptocurrency market value tops $2 trillion for the first time as ethereum hits record high”

“The value of the cryptocurrency market topped $2 trillion for the first time on Monday driven by a rally in ether, the second-largest digital coin… Bitcoin, the biggest digital currency, accounts for over 50% of the entire cryptocurrency market capitalization. Bitcoin… Continue Reading…

Economy

“The $68 trillion transfer of wealth in America is evaporating amid crisis”

“ According to a survey by the Center for New Middle Class, there was a 25% drop in the number of baby boomers who said they are self-employed or own their own business in the second quarter. That impact could… Continue Reading…

Business, Economy

“Companies are taking on another $1 trillion in debt”

“Powered by ultra-low interest rates, corporate borrowing was already at an-all time high before the pandemic. Now, as cash-strapped companies frantically try to shore up their balance sheets, debts are expected to get even bigger. What’s happening: Corporate debt is poised to soar… Continue Reading…

Banking, Economy

“Federal Budget Deficit Nears $2 Trillion For Fiscal Year”

“The U.S. budget gap more than doubled in May, pushing the deficit for the fiscal year to near $2 trillion, as federal revenues plunged and government spending soared to help combat the coronavirus pandemic…” https://www.wsj.com/articles/federal-budget-deficit-nears-2-trillion-for-fiscal-year-11591630088