Daily Digest 4/6 – U.S. Job Openings Hit Two-Year High, Signaling More Hiring Ahead, U.S. Job Openings Hit Two-Year High, Signaling More Hiring Ahead

Daily Digest 4/6 – U.S. Job Openings Hit Two-Year High,
Signaling More Hiring Ahead, U.S. Job Openings Hit Two-Year High,
Signaling More Hiring Ahead 1

Economy

Coinbase Posts Record $1.8 Billion In Revenue As Crypto Market Shoots Past $2 Trillion

Ahead of its long-anticipated public market debut next week, crypto-brokerage Coinbase previewed results for its best quarter ever, pulling in $1.8 billion in first-quarter revenue, as booming interest in cryptocurrencies pushes the market to meteoric new highs.

California’s move to ban fracking by 2027 puts jobs, livelihoods at risk, opponents say

Answering the call of Gov. Newsom, Democratic California lawmakers introduced a bill to ban fracking by 2027, in the fifth largest economy in the world.

The bill, from Democratic state Sens. Scott Wiener of San Francisco and Monique Limon of Santa Barbara, would prohibit new fracking permits or renewals by Jan. 1, 2022, while also banning permits within 2,500 feet of homes or schools.

Why Shortages of a $1 Chip Sparked Crisis in Global Economy

To understand why the $450 billion semiconductor industry has lurched into crisis, a helpful place to start is a one-dollar part called a display driver.

Hundreds of different kinds of chips make up the global silicon industry, with the flashiest ones from Qualcomm Inc. and Intel Corp. going for $100 apiece to more than $1,000. Those run powerful computers or the shiny smartphone in your pocket. A display driver chip is mundane by contrast: Its sole purpose is to convey basic instructions for illuminating the screen on your phone, monitor or navigation system.

Cryptocurrency inflows hit all-time high of $4.5B in first-quarter

Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.

The first quarter inflows represented an 11% increase from the last three months of 2020, which hit $3.9 billion.

U.S. Job Openings Hit Two-Year High, Signaling More Hiring Ahead

U.S. job openings rose to a two-year high in February, led by gains in some of the industries hardest hit during the pandemic and indicating employers are poised to ramp up hiring in the coming months.

The number of available positions increased to 7.37 million during the month from an upwardly revised 7.1 million in January, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists called for 6.9 million openings. Vacancies in health care rose to a record while openings in accommodation and food services increased to a four-month high.

The Housing Market Is Wild Right Now — And It’s Making Inequality Worse

Home prices are soaring around the U.S. Amid low inventory and historically low interest rates, some buyers are hitting the market to find they can’t compete with all-cash offers, or bidding wars that escalate well out of their price range.

Vaccine passport apps are here. But the technical challenges are still coming.

Coming soon to your smartphone: Digital codes that afford you access to airplanes, concert venues and even restaurants.

Vaccine passports are new apps that will carry pieces of your health information — most critically your coronavirus vaccination status. They may soon be required to travel internationally or even to enter some buildings.

Gold & Silver

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