Tag Archives: Growth

Bitcoin’s skyrocketing growth was ‘fraud and manipulation’ – report

The record growth in bitcoin last year was actually a coordinated market manipulation, according to recent research by University of Texas Finance Professor John Griffin. Read more Griffin, who has 10 years of experience in detecting financial fraud, examined millions of transactions on cryptocurrency exchange Bitfinex. In his paper, Griffin says that the US dollar-pegged cryptocurrency tether was used to ...

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President Putin confident about Russia’s long-term economic growth

Russia is currently on a stable economic growth path, President Vladimir Putin said on Thursday during his annual direct Q&A line in Moscow. He stressed that inflation is at a historic low at the moment. “We have a historic minimum in inflation. This is a very important prerequisite for further growth,” he said. Gross domestic product is 1.5 percent higher ...

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Austerity policies drag Saudi Arabia’s non-oil private growth to record low

Growth in Saudi Arabia’s non-oil private sector slowed to a crawl, hitting its lowest level in at least nine years, as the kingdom’s businesses keep feeling the impact of the government’s struggle with low oil prices. In April, the headline Emirates NBD Purchasing Managers’ Index (PMI) fell to 51.4 in April from 52.8 in March – the worst figure since ...

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Facebook beats in Q1 and boosts daily user growth to 1.45B amidst backlash

Amongst massive criticism over data privacy, Facebook showed the resiliency of its advertising machine by beating Wall Street’s $ 11.41 billion revenue estimate in its Q1 2018 earnings report by raking in $ 11.97 billion in revenue with $ 1.69 EPS compared to the $ 1.35 estimate. Facebook added 48 million daily active users to hit 1.449 billion, up 3.42 ...

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Google’s on-by-default ‘Articles for You’ leverage browser dominance for 2,100 percent growth

When you’ve got leverage, don’t be afraid to use it. That’s been Google’s modus operandi in the news and publishing world over the last year or so as it has pushed its AMP platform, funding various news-related ventures that may put it ahead, and nourished its personalized Chrome tabs on mobile. The latter, as Nieman Labs notes, grew 2,100 percent ...

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‘Maybe someone dies’: Facebook exec backpedals on memo pushing growth at all cost

Top Facebook executive Andrew Bosworth crossed the social media divide, distancing himself on Twitter from a controversial 2016 memo he authored. In the document, Bosworth appeared to admit online growth could cost lives. Entitled, ‘The Ugly,’ Bosworth’s memo spoke about continuing to connect people on the social platform, even if it results in deaths. The details of the memo, circulated ...

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Bitcoin more likely to belly-flop than see further growth – economist

In a decade, the world’s number one virtual currency, bitcoin, will probably see a dramatic drop due to its limited range of uses, according to Harvard University professor and economist Kenneth Rogoff. “I think bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now… I would see $ 100 as ...

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US growth could slip in coming 2 years – Dallas Fed president

Economic growth in the United States may peak this year and slow somewhat next year and in 2020, according to Dallas Fed President Robert S. Kaplan. “2018 will be a strong year in the United States,” he said at a business conference in Frankfurt on Thursday. “We think we’re at or near full employment in the US. We’d expect headline unemployment to ...

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China’s strong economic growth blows away expectations

China, the world’s second largest economy, has eclipsed its official growth target of about 6.5 percent, expanding 6.9 percent last year. It’s the first time since 2010 that the pace of growth has picked up. Read more Chinese Premier Li Keqiang also said last week he expected growth to be at “around 6.9 percent.” Official data showed economic growth in ...

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St. Pete bomber has mental illness record, blames bad ‘personal growth’ course – investigators

Published time: 31 Dec, 2017 15:11 The suspect in Wednesday’s bombing in St. Petersburg has a record of mental illness, investigators say. He was motivated by a bad experience he had with a “personal growth” training course. The suspect in the crime, which left 18 people injured this week, confessed to planning and carrying out the bomb attack, Russian Investigative ...

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