Economy

Risky currencies increase after Trump has agreed to start transferring power to Biden
24 November 2020
3228
Risky currencies are growing Risk-sensitive currencies are strengthening on Tuesday after incumbent US President Donald Trump agreed to begin the transfer of power to President-elect Joe Biden, and with the expected appointment of Janet Yellen as Fi...
Mr. Mnuchin announced the end of the Fed's lending programme
21 November 2020
3213
Termination of the Fed lending programme Dow Jones and the S&P 500 have declined following Steven Mnuchin's announcement that key lending programmes will expire on 31 December as most of the funding has not been used by businesses and should be ...
The largest oil storage facility in the USA is being re-filled
21 November 2020
2904
the oil storage facility is being re-filled The oil reservoirs in America's most important crude oil storage facility, Cushing, are being filled to the brim again, Bloomberg reports. The reserves&nbs...
Vaccine news affects the cost of gold
21 November 2020
3035
Price of gold After positive news from the front of the fight against COVID-19 from the largest pharmacists, investors have begun to reduce their stocks of "safe haven" gold, as the hope of winning over the virus, and with it the appetite for risk, ...
World debt against the backdrop of a pandemic
20 November 2020
3316
Growth in global debt Global debt grew rapidly in the first nine months of 2020 and, according to IIF, increased by $15 trillion compared to the same period last year. Global government and com...
10 November The EU will introduce duties on goods from the USA
10 November 2020
3204
Fine duties on goods Against the backdrop of many years of conflict with the United States over subsidies to Boeing and Airbus aircraft manufacturers, the European Union will impose penalties on American products. On Monday, 9 No...
The Fed maintained the basic interest rate
6 November 2020
2855
The Fed acts with caution until the results of the American presidential election On Thursday, Fed Chairman Jerome Powell spoke after a meeting of the Federal Open Market Committee (FOMC), reporting on the Central Bank's position...
Bloomberg predicts Bitcoin growth
6 November 2020
3124
Bitcoin may cost as in 2017 This is the third attempt by Bitcoin to overcome key resistance at current levels in recent days. On 2 November, the crypt currency was rolled back to $13,300, which used to be a resistance, now acting as support. The ri...
MTA wants to increase waiting times for public transport
1 November 2020
3064
From 15 minutes to one hour The Metropolitan Transportation Authority said that the volume of services could be reduced to 40% and the authorities have repeatedly called on the government to help with finances, as the Kovid-19 pandemic has deprived ...
The Federal Reserve is running out of economic assistance opportunities
29 October 2020
3059
Federal Reserve asked to provide tax assistance to America With the expiration of the key provisions of the 2.2 trillion dollars CARES Act, which Congress extended in March, the Federal Reserve Board is once again hoping for it as the main economic ...
Pfizer talked about income
28 October 2020
2931
The company that develops the coronavirus vaccine has announced its annual forecast and has named the month when the vaccine will be ready for use. They also answered what would happen next with the company's shares. Pfizer shares Pfizer shares fel...
Investors are forced to sell their funds
26 October 2020
2890
Well-known investors are closing funds Everyone is currently struggling with the 2020 crisis against the backdrop of the COVID-19 pandemic, even well-known investors. The article will tell you what investors themselves think about this. The pandemi...
Prices have slowed down growth
25 October 2020
2985
Real estate is becoming more expensive The decrease in real estate sales volume, which was observed for 3 months due to the decrease in general economic activity, was the reason that in May this year S&P CoreLogic Case-Shiller National Home Pric...
Due to the pandemic, banks are offering new accounts for the unbanked
25 October 2020
2964
Banks started offering a new type of account A huge number of consumers are unable to cash a cheque or visit an ATM because they are not customers of ordinary banks. Consumers are not the owners of bank accounts and the reason for this is the lack ...
Mayor of New York City sends City Hall on a week's holiday
24 October 2020
3069
The reduction in payments to the Mayor and his subordinates will save approximately $1 million The current Coronovirus theme is still unique, and the city of New York needs help to deal with its city budget deficit. The article will talk about what ...
The White House and Nancy Pelosi hope for fiscal stimulus
24 October 2020
3266
Steven Mnuchin and Nancy Pelosi will resume a major COVID incentive deal over the weekend Pelosi said that she thinks there maybe an agreement from the White House soon. As part of the negotiations, they got what they wanted. The committees will con...
Raphael Bostic spoke about solutions to racial economic problems
22 October 2020
3236
Raphael Bostic presented solutions to the racial economic consequences of the pandemic Earlier this week, Raphael Bostic said that the Federal Reserve is an important part of the solution to the racial economic disparities caused by the COVID-19 pan...
Timme Shpakman spoke about how the EU will be affected by Brexit at the end of the year
22 October 2020
2910
Economist Timme Shpakman says that the EU economy could suffer from the transition to a new phase of relations with the UK without an agreement on what the relationship should be. "Brexit's economic impact without a deal on ...
US energy industry has cut 107K jobs during COVID-19 crisis
6 October 2020
3200
American oil, gas and chemical companies axed 107,000 workers during the coronavirus crisis — and most of them won’t have their jobs back by the end of next year, a new study says. Those job cuts imposed over just six months, from March ...
Economic Data Points to Pause in Recovery as Aid Programs Expire
22 August 2020
3626
The economy’s rebound showed signs of stagnating. Then enhanced unemployment benefits and a small-business loan program expired. America’s economic recovery is in an uneasy pause, with key indicators of hiring, shopping and investment st...
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