Days before President Joe Biden’s abrupt decision to abandon his bid for this year’s presidential elections, his administration announced it had approved another $1.2 billion in student loan debt forgiveness for 35,000 borrowers. The new round of relief brings the canceled student loan debt total to almost $169 billion, helping nearly 42.8 million Americans struggling […]
Category: Reports
While investor enthusiasm for artificial intelligence has driven the performance of many stocks perceived to be linked to the “AI revolution”, some analysts have warned that AI is overhyped and a bubble about to burst – sooner than later. During the first six months of 2024, the S&P 500 index grew 14.5% from December 2023, […]
Crypto exchanges, like all websites, produce carbon emissions; the more sophisticated and visited they are, the more data they process, requiring serious server power to run them. This all comes at a high cost to the environment, especially when we consider that for many, cryptocurrencies are just a fad – overhyped digital currencies which, compared […]
In a year defined by AI breakthroughs, colossal layoffs, and serious cost-cutting across industries, sales, market cap, and headcount are no longer the epitome of power and success. Since AI and automation have increasingly replaced traditional roles, companies are now able to achieve notable profits with fewer employees, transforming the rules of operational efficiency. Companies […]
Building on our recent work on the enormous electric power consumption for mining Bitcoin, this time our team at BestBrokers focused on the energy consumption footprint of Bitcoin transactions. Calculating the exact amount of electric power consumed with every Bitcoin transaction is not a straightforward task. Technically speaking, the entire Blockchain is running solely for […]
On the back of the artificial intelligence buzz of the past few months, some tech companies made a furore on the stock market this year. Shares of the chip maker Nvidia surged on June 20, helping the company overtake Microsoft and Apple as the world’s most valuable listed company. This success was short-lived as the […]
Unicorns, defined as privately owned companies, valued at over $1 billion, are no longer such a rare sight. AI startups, in particular, are now quickly growing and reaching impressive success shortly after being created. OpenAI, the San Francisco-based company behind ChatGPT, recently closed a $6.6 billion funding round, nearly doubling its value from February to […]
Today’s homebuyers might find it hard to believe that back in the late 1960s a house in the United Kingdom could cost less than £4,000. Yet, for the Silent Generation (born between 1928 and 1945) and the Baby Boomers (1946-1964), this was simply a fact of life. To understand how housing affordability has changed since […]
Over the past few years, the inflated prices of everything from gas to food and housing have been taking a toll on Americans. As consumers are becoming increasingly price-sensitive and trying to optimize their budgets, hidden taxes slowly add to their expenses, often without their knowledge. While additional charges for certain services are easy to […]
The eccentricity of meme tokens has not prevented them from making waves in the crypto markets over the past few years. 2024 saw a resurgence in these highly speculative assets driven by the remarkable Bitcoin gains, increased institutional adoption, and markets’ optimism for regulatory changes in the United States. The buzz surrounding Donald Trump’s victory […]