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Economy

“President Biden unveils a historic wave of tariffs on ‘strategic’ Chinese imports”

“The White House formally unveiled a sweeping array of new tariffs on Chinese goods Tuesday that will raise duties on $18 billion in Chinese imports. The long-awaited announcement will touch an array of sectors, with steel to semiconductors to medical… Continue Reading…

Cryptocurrencies

“DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud”

“The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other names. The Securities and Exchange Commission, in a related civil action, charged two… Continue Reading…

Business

“…What to expect as oil and gas majors unveil their second-quarter results”

“Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told CNBC, with the three-month period through to the end of June widely expected to mark the “low point” of 2020…… Continue Reading…

Business, Investing

Yikes! “Uber unveils IPO with warning it may never make a profit”

” Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing. ..” https://uk.reuters.com/article/us-uber-ipo/uber-reveals-91-million-users-but-cautions-on-profitability-in-ipo-filing-idUKKCN1RN2SK Wow! Uber may never make a profit? Never!? Get… Continue Reading…