On Aug. 30, global investment bank UBS increased its view on the risk of the United States entering a recession within one year to 60%, up from 40% in June. According to economist Pierre Lafourcade, the latest data showed a 94% chance of the economy contracting, but added that it “does not morph into a full-blown recession.” Partially explaining the difference is the “extremely low levels” of non-performing loans, or defaults exceeding 90 days from credit borrowers. According to Citigroup Chief Executive Jane Fraser, the institution “feels very good about” liquidity and credit quality. Furthermore, Reuters states that the financial industry wrote off merely 0.1% of its loans in the 2Q. The problem is that even in the now-improbable scenario of avoiding a...
Image sourced from Pixabay. Mobile applications for connected cars provide various features to make life easier for motorists, but they can also be a source of risk. Kaspersky experts have analysed 69 popular third-party mobile applications designed to control connected cars and defined the main threats drivers may face while using them. They found out that more than half (58%) of these applications use the vehicle owners’ credentials without asking for their consent. On top of this, one in five of the applications have no contact information, which makes it impossible to report a problem. These and other findings are published in the new Kaspersky Connected Apps report. Connected automotive applications provide a wide range of functions to make drivers’ lives easier. For example, the...
Foreign Family Collective is providing a platform for their artists to release music without expectations. Amid a stressful past year for musicians due to the pandemic, ODESZA’s flagship label has brought forth an innovative album and NFT compilation, Rare.wavs Vol. 1. The record is jam-packed, consisting of 15 tracks from a number of the brand’s high-profile names such as Kasbo, MEMBA, Robotaki, and many more. From the spritely synths and quick-cutting drums of Jai Wolf‘s “Hikikomori” to Phantoms‘ cascading melodic slow jam “Do It Again,” the compilation reinforces this roster’s versatility in a multitude of genres and sound palettes. This particular compilation stands to weather the test of time in more ways than ...
“Monster” – David Flix Steadily rising within the house music ranks, young Slovakian talent David Flix is back with one of his biggest releases to date, unleashing the dancefloor-ready “Monster” via KSHMR’s Dharma Worldwide imprint. “Sparks” Ft. Casey Cook – Rootkit Ahead of his upcoming debut album on San Holo’s bitbird, Rootkit has dropped yet another massive single, exploring explosive future pop vibes alongside Casey Cook. “Broken” Ft. Azuria Sky – Paper Skies Combining the worlds of dubstep and future bass, Paper Skies has come to Lacuna to deliver “Broken” featuring Azuria Sky, an immensely powerful and unique production. “In My Eyes” Ft. Verzache – ford. Gearing up for the release of his forthcoming album The Color Of Nothing, out later this ye...
At only 20 years old, rising indie electronic producer ford. has been fast at work making a name for himself after the 2018 release of his debut album, (The) Evening, through ODESZA‘s coveted Foreign Family Collective imprint. His work has drawn comparisons to the likes of Golden Features, Chet Porter and Kasbo, joining the ranks of the post-ODESZA producers known for their uniquely dreamy, percussion-driven rhythm structures. Just this year, ford. has managed to pen a Grammy-nominated remix of Mild Minds‘ “SWIM,” put out a collaborative EP with label-mates Sonn and Hanz, and even write another album. Though The Color of Nothing is not due until October 16th, today brings the release of its fourth—and final—single, “In My Eyes” featuring Verza...