The European Central Bank (ECB) is considering launching a fully digital euro within the year. The move follows an increasingly digitalized landscape of payments and cash transfers across the 27-nation bloc.
The digitized euro is also designed to compete with crypto-currencies, private sector currencies like Facebook’s Libra, and the Chinese renminbi, as China also plans to digitize its currency in the coming months to increase the national currency’s standing in the world.
The move will have broad implications for private banks, and as a result, will be carefully tested before the ECB fully commits to any digitized version of the euro.
(THREAD) As technological changes are transforming how we pay, a digital euro could offer a universally accepted, risk-free and trusted means of payment to complement cash. We’ve analysed its possible benefits and challenges in our report https://t.co/RiwOCers68 1/3 pic.twitter.com/FLv1eRAkBL
Microsoft’s recent earnings report revealed a company that’s not feeling the impact of the pandemic directly on its balance sheet. The company — which has been growing rapidly in recent years on the back of its huge cloud computing segment — posted a 13% increase in revenue compared to the same period in 2019, beating analyst expectations for sales and profits. Revenue growth for their cloud segment Azure was an eye-popping 47%, which was actually a slowdown from the 59% posted the quarter before.
Microsoft’s big report showcased how the coronavirus pandemic isn’t the same for every business. Plenty of companies have seen a huge boost in sales and profits as many Americans change their consumer behaviors to protect themselves from COVID-19, and they’re reaping the benefits even as many other businesses have been forced to close or make costly adjustments to their business model to stay open.
‘I see a disaster in the making.’ Professors slam reopening plans at Illinois colleges amid COVID-19 crisis, prompting some schools to reverse course.
Illinois State University’s first attempt to articulate its vision for reopening amid the coronavirus pandemic this fall didn’t sit well with everyone.
The plan, dubbed “Redbirds Return” after the central Illinois college’s mascot, drew swift criticism from faculty after it was shared in early June, prompting instructors to draft their own proposals and call for greater precautions when scores of students are expected to descend on campus next month. The faculty’s letter objecting to plan has been signed by more than 500 employees, students, parents and other community members.
“Since releasing the plan, we’ve received a great deal of feedback,” ISU President Larry Dietz said earlier this month. “Many faculty and staff members have also made it clear they would like a greater voice formulating plans.”
At the same time, Dietz announced modifications the faculty had been seeking: increased flexibility to work from home, through at least December, and to
(Bloomberg) — One unexpected casualty of the 2020 market will be the popular notion that the pros have it over the amateurs when it comes to choosing stocks.
Top holdings by traders on the Robinhood retail app since the start of the year are up more than 1% on average, compared with a decline of 7% for the typical S&P 500 constituent. An analysis by Bespoke Investment Group shows that stocks usually attract a following on the platform after they suffer big drops, suggesting its newbie day-traders are succeeding at investing’s hardest task: Buying low and selling high.
“While commission-free, low-dollar traders are often viewed as a group who tend to do the opposite of the right thing (to be a little more derisive, ‘dumb money’), the Robinhood data actually suggests the opposite,” George Pearkes, a macro strategist at Bespoke, wrote in a report.
By now, the story is well
Click here to read the full article.
Stylist and sandal entrepreneur Anita Patrickson is bringing her West Hollywood Amanu boutique’s signature in-store customization experience online.
“We get so many tourists who book for months in advance, and I thought there had to be a way to bring the experience to them, pulling in technology similar to what Nike ID and Vans use for their sneakers, but for my sandals,” she said, explaining her pivot to address the pandemic’s impact on sales in her Melrose Avenue store, which has reopened by appointment only.
Amanu is offering a web-based customization program (using a Shopify plug-in), that allows customers to follow steps to create their own styles using different materials and colors, with more than 50,000 potential combinations. The shoes ship out with standard measurements within a couple of days, along with a fit card to make size adjustments, and a complimentary two-day
America’s Got Talent resumed production after a weeks-long hiatus, becoming one of the first major shows to figure out how to move forward with taping amid the coronavirus (COVID-19) pandemic.
On Tuesday, audiences were taken back to the final auditions, which were filmed in March without a live audience. The back-half of the two-hour episode was filled with online submissions after producers reopened the audition round.
As the NBC series navigates the next steps, executive producers Sam Donnelly and Jason Raff tell PEOPLE about juggling the unknowns and how they were able to film the competition’s next round on an outdoor set inspired by a drive-in theater right after pandemic restrictions were lifted in California.
“It feels really weird looking back at it now from where we are today. But it was a very, very interesting time to just see how day by day everything was changing,” Donnelly says, looking
Online school? In-person? How parents are making their own fall 2020 decisions as COVID-19 squabbles continue
As officials play political football with K-12 school re-openings, parents such as Johanne Davis are formulating their own game plans for the fall.
“To exercise an abundance of caution, I’d like to keep my kids home with me where they’ll study online,” says Davis, a mother of three from Indian Land, South Carolina, one of countless states where COVID-19 cases have spiked in recent weeks.
“Health is the issue, not just for my children, but also school workers,” says Davis. “Teachers shouldn’t have to be frontline soldiers in this pandemic.”
Families across the nation are busy making their own calculations about whether to send children back to school. While Davis seems resolved, many parents are still mulling.
Amazon spent 6 years and tens of millions of dollars making a huge new game that flopped and was pulled from stores weeks after its launch
Alex Wong/Getty Images
On May 20, Amazon launched “Crucible,” a major new video game that was in development for over five years.
One week later, the game completely dropped off the charts. One month later, and Amazon outright pulled the game from availability and put it back into “closed beta” — a term used in game development to signify a game isn’t complete.
“Crucible” is the latest attempt from Amazon to push into the lucrative video game industry, which it has repeatedly failed to achieve.
Visit Business Insider’s homepage for more stories.
Did you know that Amazon, the biggest company in the world, launched a big-budget video game recently?
The game is called “Crucible,” and you’re forgiven if this is the first you’re hearing about it. Despite being free-to-play and available on the world’s largest gaming platform, Steam, “Crucible” has already come and gone from the
The coronavirus crisis has forced automakers to get crafty with car sales, and incentives like low financing rates and deferred payment options are luring customers into car lots — even if they’re not actually entering the dealership. In fact, many car companies are making it easy for buyers to shop online, make a purchase and receive their new vehicle without ever leaving their homes.
Here’s a look at what every major automaker is doing to tempt new buyers. However, it’s important to note that you have to read the small print. Restrictions often apply, many offers are available only through participating dealers and most deals are only good for well-qualified buyers who get loans through the automaker’s financing arm. But one thing is for sure with all these new offers, the auto industry is changing.
Last updated: July 3, 2020
Acura is extending a 90-day payment deferral program for
I’ve made 6-figures every year for five years. I already know you don’t care about my financial position and that’s not the point of this article.
The money I made came from writing blog posts, publishing ebooks, working in finance, and owning a small side business that does consulting. In my early 20s, I thought making six-figures was crucial.
The idea of what money is has grown on me.
Most of us spend our entire lives trading time for money and not knowing why.
This has been the recurring thought bouncing around in my head for a while now. Understanding money meant understanding myself and perhaps life to a degree.
Here’s what I learned making 6-figures.
It won’t make you a better person
There are arrogant people everywhere who make a lot of money and treat people like garbage in the process. Seeing and meeting these people has made me