Unlike previous eras of the internet, Web3 infrastructure has far outpaced applications development. Jesus Rodriguez explains why that could be a problem.
While the market sees a 25 basis point rate cut this week as all but certain, odds the Fed hits the brakes on further cuts in January have steadily risen.
Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October's 0.5% gain. Sales jumped 2.6% at auto dealers, driving most of the gain. The boost in spending underscores that the economy is still growing at a healthy pace even with higher interest rates, a trend that could cause the Federal Reserve to lower borrowing costs more slowly next year than they have previously signaled.
Alibaba’s (BABA) shares have fallen more than double digits since reaching their 52-week highs in early October, following a rally driven by the announcement of a robust stimulus package for the Chinese economy. However, despite being in correction territory, I believe three bullish factors surrounding the Chinese e-commerce giant have been underestimated by the market. These factors are reflected in the company’s valuation, which appears to be sufficiently de-risked for long-term optimism. As a