October 15, 2021
“EDITOR’S NOTE: The global economic recovery from the pandemic is slowing dramatically, and the International Monetary Fund (IMF) just confirmed that by slashing the U.S.’s economic growth forecast. According to CNN, “the IMF on Tuesday slashed its 2021 growth forecast… Continue Reading…
October 5, 2021
“…U.S. Bank, the fifth biggest retail bank in the nation, is expected to announce Tuesday that its cryptocurrency custody service is available to fund managers, CNBC has learned. The offering will help investment managers store private keys for bitcoin, bitcoin cash… Continue Reading…
June 23, 2021
“House prices have set records in the US and parts of Europe as vast fiscal and monetary stimulus help residential property markets to continue shrugging off the impact of the coronavirus pandemic. The median price for US existing houses rose… Continue Reading…
June 9, 2021
“Job openings, a measure of labor demand, increased by 998,000 to 9.3 million on the last day of April, the highest level since the series began in December 2000. Vacancies rose in all four regions and were spread across nearly… Continue Reading…
March 24, 2021
“EDITOR NOTE: Goldman Sachs, JP Morgan, and Citigroup–three of America’s largest banks–have significantly increased their stake in China, as the top five US banks, adding Morgan Stanley and Bank of American to the list, hold a whopping $77.8 billion exposure… Continue Reading…
July 10, 2020
“Rates on 30-year mortgages have fallen to record lows for the third consecutive week as inflation remains muted in a weakened economy, even in the face of persistent demand from homebuyers Mortgage buyer Freddie Mac reported Thursday that the average… Continue Reading…
June 16, 2020
“U.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding… The government’s report Tuesday showed that retail sales have retraced some of the record-setting month-to-month plunges of March (8.3%) and April (14.7%) as businesses… Continue Reading…
April 24, 2020
“The U.S. Federal Reserve announced Friday that banks can now allow account holders to make an unlimited number of withdrawals and transfers from their savings accounts. The central bank updated its rules to scrap the six-per-month limit that had previously… Continue Reading…
April 22, 2020
“In late February, the Trump administration said it planned to spend $2.5 billion to fight the coronavirus. A month and a half later, President Trump signed off on spending almost a thousand times as much — $2.35 trillion. And that amount… Continue Reading…
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