It's 2020 and no one has figured out how to make a GIF without depending on an app or FB to do it?
Are millennials that inapt at doing things without getting enslaved?
Are millennials that inapt at doing things without getting enslaved?
Facebook’s recent acquisition of Giphy is facing scrutiny across the pond. The social networking giant last month announced that it was buying the popular GIF-slinger in a deal worth $400 million with the intention of more closely integrating it with its own family of apps, setting off alarm bells for Britain’s competition watchdog. Though there is not yet a formal probe, the Competition and Markets Authority (CMA) this week served Facebook with an initial enforcement order and on Friday took the first steps in starting an investigation, inviting comments on the transaction from any interested party. Giphy — ... (full story)
On Saturday, I discussed how USDCAD closed the early March gap. The March 10th breakaway gap started the pair’s impressive 1,200 pip rally that took just nine trading days. ...
The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from the Congress of promoting maximum employment, stable prices, and moderate long-term interest rates. The Committee seeks to explain its monetary policy decisions to the public as clearly as possible. Such clarity facilitates well-informed decisionmaking by households and businesses, reduces economic and financial uncertainty, increases the effectiveness of monetary policy, and enhances transparency and accountability, which are essential in a democratic society. Inflation, employment, and long-term interest rates fluctuate over time in response to economic and financial disturbances. Moreover, monetary policy actions tend to influence economic activity and prices with a lag. Therefore, the Committee’s policy decisions reflect its longer-run goals, its mediumterm outlook, and its assessments of the balance of risks, including risks to the financial system that could impede the attainment of the Committee’s goals. The inflation rate over the longer run is primarily determined by monetary policy, and hence the Committee has the ability to specify a longer-run goal for inflation. The Committee reaffirms its judgment that inflation at the rate of 2 percent, as measured by the annual change in the price index for personal consumption expenditures, is most consistent over the longer run with the Federal Reserve’s statutory mandate. The Committee would be concerned if inflation were running persistently above or below this objective. Communicating this symmetric inflation goal tweet at 11:07am: FED SAYS DATA RECEIVED SINCE THE SURVEY WEEK FOR PAYROLL EMPLOYMENT IN MAY SUGGEST THAT JOB GAINS HAVE CONTINUED tweet at 11:07am: FED SAYS DETERIORATION IN LABOR MARKET CONDITIONS SINCE FEBRUARY HAS BEEN SUDDEN, SEVERE, AND WIDESPREAD tweet at 11:06am: FED SAYS WIDESPREAD FAILURE OF SMALL BUSINESSES WOULD ADVERSELY ALTER THE ECONOMIC LANDSCAPE AND POTENTIALLY SLOW THE RECOVERY AND FUTURE LABOR PRODUCTIVITY GROWTH tweet at 11:05am: FED: STRAINS ON HOUSEHOLD AND BUSINESS BALANCE SHEETS FROM THE ECONOMIC AND FINANCIAL SHOCKS SINCE MAR. WILL LIKELY CREATE PERSISTENT FRAGILITIES.
The Federal Reserve Board on Friday released a report, Fed Listens: Perspectives from the Public, summarizing the 15 Fed Listens events held by the Board and the Federal Reserve Banks since the beginning of 2019, including the most recent event to discuss the effects of the COVID-19 pandemic. Fed Listens events are part of the Federal Reserve's review of monetary policy strategy, tools, and communication practices. During the events, Federal Reserve officials directly engaged a range of individuals and groups—including unions, small businesses, low- and moderate-income communities, retirees, and others—on issues pertaining to the Federal Reserve's dual mandate of maximum employment and stable prices. In addition to summaries of the events, the report includes an introductory note from Federal Reserve Chair Jerome H. Powell and key takeaways from the Fed Listens series. Additional information on the Federal Reserve's review of monetary policy stFed Listens: Perspectives from the Public n 2019, the Federal Reserve launched—for the first time—a review of the monetary policy strategy, tools, and communication practices we use to pursue our congressionally mandated goals of maximum employment and price stability. Reviews like ours are part of good institutional practice, providing an opportunity to take a step back and ask whether we could be doing our job more effectively. A central part of our review was Fed Listens, a series of events held around the country to consult with a range of organizations—employee groups and union members, small business owners, residents of low- and moderate-income communities, retirees, and others—on the effects that labor market conditions, inflation, and interest rates have on them. Our Fed Listens series concluded before the coronavirus (COVID-19) outbreak and its transmission around the world, with tragic loss and tremendous personal and economic hardship here in the United States and in other countries. At the time of the Fed Listens events, our country was experiencing the strongest labor market in 50 years and generating employment opportunities for many Americans who had not found jobs readily available in the past. One clear takeaway from these events was the importance of sustaining a strong job market, particularly for people from low- and moderate-income communities. Everyone deserves the opportunity to participate fully in our society and in our economy. In light of the rapidly changing public health and economic environments, the Fed tweet at 10:46am: (NEUTRAL) FED'S POWELL: FOCUSED ON LAYING THE FOUNDATION FOR A RETURN TO THE STRONG LABOR MARKET - FED LISTENS REPORT. tweet at 10:46am: FED: IT WILL BE DIFFICULT FOR MANY FAMILIES TO MEET RENT, PAY BILLS BY SUMMER IF BENEFITS IN CARES ACT ARE NOT RENEWED - FED LISTENS REPORT.
The Dow Jones and broader stock market hit a wall Thursday because near-term positive catalysts have been overmatched by worries about a Covid second wave of infections, a Joe ...
tweet at 1:18pm: FED'S BARKIN (HAWKISH): I DO NOT SEE NEGATIVE RATES HAPPENING IN THE US. tweet at 1:18pm: Fed's Barkin: - Can't pretend the increase in government debt won't cause problems - Path of fiscal support is unknown at this time $SPX $DXY tweet at 1:19pm: FED'S BARKIN (HAWKISH): END OF YEAR GDP MAY BE DOWN BY 8%. tweet at 1:16pm: BARKIN: US ECONOMY WILL STRUGGLE TO RETURN QUICKLY TO PRE-CRISIS ECONOMY
Implied volatility has receded substantially across a range of markets including government bonds, equities, currencies and precious metals since peaking in March. In some asset ...