About David DiMolfetta

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So far David DiMolfetta has created 38 blog entries.
21 April 21, 2021

Bitcoin Plummets to $55,000 from Last Week’s Coinbase IPO High

2021-04-21T21:58:51+00:00April 21, 2021|

By David DiMolfetta After hitting a record high of $64,000 last week coinciding with Coinbase’s debut on the stock market, the value of popular cryptocurrency Bitcoin tumbled some $10,000 on April 19. It now trades at around $55,000 per token as of 5 p.m. April 21. The reasons for its price slide are ultimately a [...]

21 April 21, 2021

Washington Must Prepare for a World with Deepfakes

2021-04-21T20:38:25+00:00April 21, 2021|

By David DiMolfetta The era of shapeshifting is here. Using algorithms already widely available online, one can transform the entirety of their facial structure using deepfake technology that digitally alters an individual's face to synthetically replace it with another likeness. For some, deepfakes provide comedic relief, like this YouTube video that alters actor Bill Hader's face to look [...]

16 April 16, 2021

Mid-April Economic Indicators Show Signs of Accelerating Recovery

2021-04-16T15:35:19+00:00April 16, 2021|

By David DiMolfetta In the early months of 2021, economic indicators ranging from home sales and retail sales have signaled recovery, with figures from this week suggesting America’s comeback is set to accelerate. Retail sales advanced 9.8% to $619 billion for March, up from $563.7 billion in February and 27.7% from the prior-year period when lockdown protocols began. Also, the Labor [...]

14 April 14, 2021

Powell Reaffirms FOMC Policies on Economic Growth, Asset Tapering

2021-04-14T19:42:39+00:00April 14, 2021|

By David DiMolfetta Federal Reserve Chairman Jerome Powell on April 14 reaffirmed the central bank’s commitment to ongoing monetary policies for bolstering the U.S. economy and added that the Federal Open Market Committee (FOMC) would taper bond purchases once certain economic criteria have been met. Powell was speaking at a virtual event with The Economic [...]

14 April 14, 2021

Housing Prices Skyrocket Amid Continued High Demand and Supply Shortages

2021-04-14T19:31:31+00:00April 14, 2021|

By David DiMolfetta Prospective buyers are sweeping up U.S. homes in mere weeks as the housing market adapts to a post-COVID world. The boom goes back almost a year as demand for homes soared amid initial lockdown conditions from lower mortgage rates and increased demand for more suitable work-from-home environments. The demand jump in the housing market [...]

9 April 9, 2021

Supply Chain Bottlenecks to Impact Consumer Choice in Clothing Stores

2021-04-09T19:13:09+00:00April 9, 2021|

By David DiMolfetta Prevailing supply chain constraints from COVID-19 and the Suez Canal blockage in March will affect the number of choices available to consumers in clothing retail stores. From lack of travel and decreased spending on experiences amid the pandemic, it’s no secret the potential for consumer spending is colossal in the coming months. [...]

7 April 7, 2021

March FOMC Minutes: More Economic Progress Needed Before New Policy is Implemented

2021-04-07T19:42:28+00:00April 7, 2021|

By David DiMolfetta In its March 16 and 17 meeting minutes, the Federal Open Market Committee (FOMC) said that the economy is continuing its recovery amid the ongoing COVID-19 pandemic but that further progress is necessary before interest rate policy can change. The news does not come as a surprise as Federal Reserve Chairman Jerome [...]

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