Stimulus helps U.S. personal incomes soar by most on record | Business

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U.S. personal incomes soared in March by the most in monthly records back to 1946, powered by a third round of pandemic-relief checks that also sparked a sharp gain in spending.

The 21.1% surge in incomes followed a 7% decline in February, Commerce Department figures showed Friday. Purchases of goods and services, meanwhile, increased 4.2% last month, the most since June.

The increase in personal spending and incomes provides the economy a solid hand off heading into the second quarter after a robust pace of growth at the start of the year.

Economists projected a 20.3% jump in incomes and

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3 Top Cryptocurrency Plays That Go Beyond Bitcoin

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The Coinbase IPO was nothing short of unprecedented. It boomed, and now, it’s starting to go bust, with the stock nosediving over 14% from the top. The valuation is rich, and the stock could be vulnerable to amplified downside if the cryptocurrency trade were to go bust, as it did just over three years ago.

There’s never been an easier time to invest in cryptocurrencies

If you’re a Canadian cryptocurrency fanatic who’s looking to dip a toe into the crypto waters without having to go through the process of setting up a wallet, you’re in luck.

There have never been

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‘Be epic’: University of Michigan lecturer helps students with business start-up ideas

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ANN ARBOR, MI – If someone would have told Eric Fretz that he would be back at the University of Michigan as a faculty member after graduating from UM in 1989, he would have told them they’re out of their mind.

Now, six college degrees later, Fretz teaches classes in UM’s psychology department, School of Education, College of Engineering and a core course for the entrepreneurship minor, where he asks his students to “do epic s***” in the form of business ideas, which have included flasks disguised as scrunchie hair ties, students driving to Ohio to get Waffle House for

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Digital Native Laws and Strategies in Wyoming

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Ether has cannibalized bitcoin in Genesis’ loan book as more hedge funds borrow ETH to deploy into decentralized finance (DeFi) protocols, the cryptocurrency lender reported in its Q1 results on Wednesday.

ETH loans at Genesis, which is owned by CoinDesk parent company Digital Currency Group, increased by 400% from $465 million in Q4 2020 to $2.4 billion in Q1. ETH now makes up 27% of the lender’s loan book, whereas its portion was just 15.5% of the loan book in Q4. 

Meanwhile ETH locked in DeFi overall has increased from $15 billion to $60 billion, a 300% increase. 

Related: Digital

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Tesla Car Share Program Expands Services to Flagstaff/Phoenix for Personal, Business Travel in Arizona

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Too Close To Fly, Too Far to Uber

Unlike typical rideshares that focus on short distances Falcon Line helps travelers move further distances Tesla-style, minimizing costs, stress, inconvenience.

PHOENIX, ARIZONA, USA, May 1, 2021 /EINPresswire.com/ — Arizonans are often faced with a hurdle when traveling between Phoenix and Flagstaff because it’s too close to fly, but too far to use a traditional rideshare company like Uber. A new service unlike anything else in the U.S. just launched in Phoenix to address this challenge. Starting May 6, Arizonans will be able to travel seamlessly from Phoenix to Flagstaff

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Global insurance industry projected to grow to US$7.5 trillion by 2025

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KUALA LUMPUR (April 30): The worldwide insurance sector is expected to maintain robust growth in the coming years despite a considerable displacement of funds occasioned by the digital transformation.

According to research data analysed and published by online trading portal Comprar Acciones on Wednesday, the global insurance industry was worth US$6.1 trillion in early 2020.

The portal projects that it will grow at a 3.5% compound annual growth rate (CAGR) to US$7.5 trillion (about RM30.78 trillion) by 2025.

Comprar Acciones said the figure includes US$800 billion in premiums from US healthcare payers.

It said that traditionally, these figures are not

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