India is set for a surge in tech startup IPOs valued at around $100 billion by 2027, with major players like Flipkart, PhonePe, and Oyo preparing to go public. A report from Indian investment bank The Rainmaker Group suggests that the new wave of IPO hopefuls is in a stronger Read more…
Economic models have systematically underestimated how global heating will affect people’s wealth, according to a new study that finds 4C warming will make the average person 40% poorer — an almost four-fold increase on some estimates. The study by Australian scientists suggests average per person GDP across the globe will Read more…
Credit card interest rates, which averaged 23% in 2023, are significantly higher than any other major loan product primarily due to non-diversifiable default risk and banks’ market power, according to research published by the Federal Reserve Bank of New York. The comprehensive study, which analyzed 330 million monthly credit card Read more…
With America’s national debt sitting comfortably over the $36.2 trillion mark, BlackRock CEO Larry Fink is warning the burden could one day be the reason the dollar is dethroned as the reserve currency of the world. He argues that decentralized currencies like Bitcoin could replace the dollar as worldwide organizations Read more…
Microsoft has closed its IoT & AI Insider Lab in Shanghai’s Zhangjiang hi-tech zone, marking the latest sign of the US tech giant’s retreat from China amid rising geopolitical tensions. The Shanghai lab, meant to help with domestic development of the Internet of Things (IoT) and artificial intelligence (AI) technologies, Read more…
Some scientists believe life on earth originated in organic matter in earth’s bodies of water more than 3.5 billion years ago, but where did that organic material come from…? Maybe electrical energy sparked the beginnings of life on earth — just like in Frankenstein: Researchers decades ago proposed that lightning Read more…
After sitting below 4% for more than two years, the overall unemployment rate has topped that threshold since May… “We’re seeing a meaningful transition in the way work is done in the white-collar world, I tell people a wave is coming….” Thousands of video game workers lost jobs last year Read more…