IBM in November unveiled a quantum processor of 127 qubits, or quantum bits, while startup QuEra, created by MIT and Harvard, announced an even more powerful machine of 256 qubits. This quantum leap for quantum computing far exceeded the power of previ…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Somehow the folks at UWMC did not take notice of the fact that secondary stock offerings for all issuers have basically disappeared
“Sometimes I wonder if the world is being run by smart people who are putting us on or by imbeciles who really mean it” – Laurence Peter After months and months of […]
But alas, humans do not possess god-like powers, they only possess hubris, and so all bubbles pop: the more extreme the bubble, the more devastating the pop.
Total Rigs in the United States increased to 569 in November 24 from 563 in the previous week. Total Rigs in the United States averaged 1521.43 from 1950 until 2021, reaching an all time high of 4530 in December of 1981 and a record low of 244 in Au…
The Turkish lira had dropped off yet another cliff, reaching a new record low exchange rate and losing a quarter of its value opposite the U.S. dollar only since Nov 15. In the past three months. One lira was only worth 8 cents as of Dec 1 market open….
In what can be seen as another step towards stricter regulation of the business practices of tech giants, the UK’s Company and Market Authority (CMA) ruled that Meta’s acquisition of Giphy for $400 million be unwound due to concerns over competition re…
Biodiversity decline is a real problem around the globe. While for European audiences, the word normally conjures up images of rare orchids or reptiles in the world’s rain forests, there is also biodiversity loss that hits a lot closer to home with a s…
After years of unabated growth, Black Friday and Cyber Monday online sales dipped for the first time this year, as many shops spread out deals over the entire Thanksgiving week or even further. “With early deals in October, consumers were not waiting a…
