Investors ? Gear up For The Biggest Inflation in Nearly Last Four Decades ?

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Investors ? Gear up For The Biggest Inflation in Nearly Last Four Decades ?

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Wall Street has anticipated that the consumer price index on December 10 will reflect a 0.7% gain for the month of November, which will turn into a 6.7% rise from a year ago. If the estimated rates are correct, it will mark the highest year-over-year level since the last 40 years.

On the morning of December 10, the Labor Department will publish November’s consumer price index, which is an estimate that measures the cost of various products including, gasoline, ground beef, frozen vegetables, flowers, indoor plants, among others.

Although the increase in inflation is barely news to the market, investors have witnessed a range of data points in recent months that demonstrate their biggest levels in decades. Actually, a few economists also think that inflation could even go beyond 7%.

While the markets expect a high reading, investors are worried about the actions that the Federal Reserve will take thereafter.

Google Will Launch Android ? Games to Windows in 2022

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Google has announced that it will bring Android games to Windows 10 and Windows 11 PCs in 2022.

In a statement, Greg Hartrell, Google’s product director of games on Android and Google Play said, “Starting in 2022, players will be able to experience their favorite Google Play games on more devices: seamlessly switching between a phone, tablet, Chromebook, and soon, Windows PCs.”

“This Google built product brings the best of Google Play Games to more laptops and desktops, and we are thrilled to expand our platform for players to enjoy their favorite Android games even more,” he added.

The games running on Windows PCs will work natively and would not be streamed from cloud servers.

This will help Google to minimize the necessity for fast internet services and will allow Windows PC users to operate between their Android phones and desktops or laptops.

Google’s announcement comes months after Microsoft started testing Android apps on Windows 11 PCs. However it is also not clear if Google and Microsoft are keen on a partnership to integrate their other apps with each other just yet.

Coinbase Users Outside the United States ?? Can Now Earn Interest on Cryptocurrencies ?

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Coinbase has announced the launch of its first yield product allowing users to earn interest from their holdings in a stablecoin through a third-party decentralized finance platform. However, the feature is currently not available to users in the United States.

The cryptocurrency exchange platform has said that users in more than 70 countries will be able to lend their Dai, a stablecoin whose value is tied to the US dollar, to borrowers from within its app.

The earning process operates through the Compound protocol, which automatically pools money from lenders and gathers interest on that money from borrowers.

Although Coinbase is a centralized exchange platform, it has long-term goals to bridge its users with the growing world of DeFi applications.

With this feature, Coinbase aims to make the system more user-friendly as lending through Compound usually involves receiving multiple tokens.

Coinbase says it will cover the transaction costs called gas fees that users may have incurred by accessing Compound independently.

For now, the company has said that it will not charge any fees from users for its new product offering.

General Motors ? to Begin Silverado EV ⚡ Production in 2023

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General Motors has said that its mainstream electric pickup will begin production in early 2023, according to Automotive News.

Ahead of the production of Silverado, GM will ramp up the launch of the GMC Hummer EV pickup vehicles, which it started to sell two weeks ago.

Although the automaker has provided a few key details, it has not revealed more details on the production and launch.

The Chevrolet Silverado electric vehicle will share the same drivetrain and battery technology as the Hummer and promises over 400 miles of range and four-wheel steering.

The automaker has not announced pricing, options, and accessories for its pickup; however, the Silverado EV will come over a year after rivals like Ford’s F-150 lightning and Tesla Cybertruck were introduced to the market.

Around the Web

Palm NFT Studio Raises $27 Million in Its Latest Funding: Palm NFT, a crypto startup, has raised $27 million in its Series B funding round. The funding was led by Microsoft’s venture fund, M12 and included participation from Griffin Gaming Partners, Third Kind Venture Capital, Sfermion, RRE, the LAO, Warner Bros., and SK Inc.


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