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A new television series titled “The Joy of Painting with Nicholas Hankins: Bob Ross’ Unfinished Season” is now airing, featuring certified Bob Ross instructor Nicholas Hankins recreating previously unseen paintings by the late artist. Before Ross passed away from cancer in 1995, he had completed seven additional episodes for season 32 of his popular…
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In a much-needed boost for Prime Minister Rishi Sunak, official figures revealed that the UK economy emerged from a short and shallow recession during the first quarter of 2024. Gross domestic product increased by 0.6% in the three-month period, surpassing analysts’ predictions of 0.4%. This growth was particularly strong in March, with an expansion…
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A European naval force has apprehended six suspected pirates following an attempted hijacking of an oil tanker in the Gulf of Aden, near the coast of Somalia. The Marshall Islands-registered Chrystal Arctic was fired upon by pirates travelling in a small boat carrying weapons and ladders, according to the UK Maritime Trade Operations Centre,…
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In response to the upcoming expiration of many of the income tax cuts implemented by former President Donald Trump, the Biden administration is emphasizing the importance of tax fairness ahead of the 2024 elections. Lael Brainard, Director of the White House National Economic Council, will speak at the Brookings Institution about the major tax…
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Phemex, a leading cryptocurrency exchange, continues to innovate through a combination of CeFi and DeFi features. Their latest innovation is the Phemex Lending Protocol, which enables users to borrow cryptocurrencies using their digital assets at favorable rates and with ultimate flexibility. The protocol offers competitive borrowing rates, starting at 3.57% annual percentage yield (APY),…
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Following the implementation of the Dencun upgrade, which significantly reduced transaction fees on the Ethereum network, ether (ETH) has reverted back to an inflationary asset, potentially undermining one of the key advantages of the 2022 Merge. A report by CryptoQuant indicates that transaction fees on Ethereum are currently four times lower than they were…
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Hilary Allen, a law professor at American University, has expressed concerns that stablecoins pose a significant threat to the stability of the banking system and ultimately harm the public at large. Her views come as the US Congress considers regulating stablecoins at the federal level. While Allen suggests that stablecoins serve no practical purpose…
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The latest economic data has revealed that the British economy has experienced a significant turnaround in the first quarter of 2024, putting an end to the “technical recession” that had plagued the country for the past two quarters. According to figures released by the Office for National Statistics, GDP increased by 0.6% during this…
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In a recent report released by the University of Michigan, consumer sentiment has plummeted to its lowest point in the past six months due to mounting concerns regarding inflation, employment, and interest rates. The preliminary reading for May’s overall consumer sentiment index came in at 67.4, significantly lower than the previous month’s final reading…
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In a speech delivered at the Louisiana Bankers Association’s annual conference, Dallas Federal Reserve President Lorie Logan expressed doubts over whether current monetary policy is sufficient to bring inflation back to the US central bank’s 2% target. Logan highlighted “important upside risks to inflation” and acknowledged uncertainty regarding the degree of restriction required to…