Consumer

Nexo, one of the last crypto consumer lenders, pulls out of the US market

Nexo, one of the last crypto consumer lenders, pulls out of the US market

Nexo, one of the newest crypto lenders, said on Monday it would phase out its high-yield product for US customers. The move comes as Nexo’s high-yield crypto interest product has come under scrutiny as investors question the balance sheet transparency and health of crypto exchanges, particularly major lenders, amid continued industry fallout from the collapse …

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Consumers are starting to act as if recession is imminent

Consumers are starting to act as if recession is imminent

Text size Consumer dissatisfaction is worse among households earning less than $50,000 a year, writes Dana M. Peterson. Frederic J. Brown/AFP/Getty Images About the Author: Dana M. Peterson is chief economist at the Conference Board. Consumers sense that a recession is imminent and are beginning to behave accordingly. They become more and more unhappy by …

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BIZI LABS Introduces Polygon-Powered Consumer Web3 Smartphone Platform

BIZI LABS Introduces Polygon-Powered Consumer Web3 Smartphone Platform

London, UK, Nov. 25, 2022 (GLOBE NEWSWIRE) — BIZI LABS, the Swiss-based mobile platform that gives people easy access to Web3, today announced that it will integrate the Polygon network in its flagship Web3 partner smartphone brand, ZMBIZI — the world’s first smartphone that combines integrated Web3 functionality, user rewards and multi-channel functionality. The soon-to-be-released …

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Fed Minutes, Consumer Sentiment, Thanksgiving: What Markets Need to Know This Week

Fed Minutes, Consumer Sentiment, Thanksgiving: What Markets Need to Know This Week

Minutes from the Federal Reserve’s policy-making meeting in November are expected to help shape the shortened holiday week on Wall Street as markets look to rebound from a losing week. US stock and bond markets will be closed on Thursday, November 24, for Thanksgiving Day. Trading will also end early on Black Friday, with markets …

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