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Economy

“The global economy is likely to rebound in 2020…”

“Global growth is expected to hit 3.3 percent this year, the IMF predicted. That is up from 2.9 percent last year, which was the worst year for the world economy since the Great Recession. The more upbeat forecast for 2020 is… Continue Reading…

Economy

“World’s richest 2,000 people hold more than poorest 4.6 billion combined: Oxfam”

“The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam… Continue Reading…

Economy

“The world’s super-rich are hoarding physical gold”

“Over the last year, gold prices are up nearly 20%. The yellow metal is on pace for its best year since 2010. In a note to clients published over the weekend, analysts at Goldman Sachs outlined why the strategic case for… Continue Reading…

Economy

“Internet shutdowns cost the global economy $8 billion last year, report says”

“More than 18,000 hours of internet shutdowns around the world caused by deliberate government action costmore than $8 billion in 2019, a new report estimates… The report, which examines partial and total shutdowns across 122 countries, was published by the internet… Continue Reading…

Economy

“…World’s Richest Gain $1.2 Trillion”

“…the richer they were at the start of the year, the richer they got. The world’s 500 wealthiest people tracked by the Bloomberg Billionaires Index added $1.2 trillion, boosting their collective net worth 25% to $5.9 trillion… Leading the 2019… Continue Reading…

Stocks

“Nasdaq tops 9,000 on boosts from Amazon, trade optimism”

“The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over U.S.-China trade relations and gains in shares of Amazon.com after a report signaled… Continue Reading…

Economy, Stocks

“Global stock markets gained $17 trillion in value in 2019”

“Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations. The value of global equities began the year just under $70 trillion but has now surpassed… Continue Reading…

Business

“U.S. Employees Are The Happiest”

“Workers in the U.S. are the happiest, according to a new poll by Mindspace… Happiness at work among Americans is seemingly congruent with job growth. In November, the unemployment rate dipped to 3.5 percent from 3.6 percent, CNBC reported on December 6…” https://www.statista.com/chart/20223/employees-happy-us-world/… Continue Reading…

Economy, Stocks

Heating Up: “Stock market ‘melt-up’ coming soon: Bank of America”

“The stock market is spring-loaded for a big start to 2020, according to strategists at one Wall Street bank. The market is “primed for Q1’2020 risk asset melt-up,” Bank of America strategists Michael Hartnett and Tommy Ricketts wrote in a Dec. 12… Continue Reading…

Economy

“Worst May Be Over for Global Economy Amid Signs of Stabilization”

“A wave of interest-rate cuts by central banks including the Federal Reserve and mounting hopes of a U.S.-China trade deal are buoying confidence in financial markets just as key economic indicators show signs of stabilization after recent declines. …the relative… Continue Reading…