Although public debt has swelled to the highest in history, the International Monetary Fund (IMF) warned Friday that cutting stimulus could undermine the recovery and…
Posts published in “Finance”
The “unprecedented” fiscal policy response of 11 trillion U.S. dollars worldwide has pushed global public debt to reach a record high, according to the International…
International Monetary Fund chief economist Gita Gopinath has advised governments to implement “equity-like” support instead of loans as firms increasingly become insolvent due to lower…
75 years after the creation of the Bretton Woods conference, The IMF is saying now is the hour of the Special Drawing Right (SDR), which…
By this point just about everyone on the planet who has the option to work from home is doing it. This is “the new normal,”…
Instead of bailing out states at the federal level, Senate Majority Leader Mitch McConnell said he prefers states struggling with high public employee pension costs…
Public debt is skyrocketing as central banks expand their balance sheets to record levels. “The amounts being purchased are enormous, and it just tells you…
Bank of America’s survey of global fund managers showed “extreme investor pessimism” regarding cash held to the bleak outlook they hold for the global economy.…
BlackRock, the world’s largest asset manager, will oversee the Fed’s efforts to stabilize the bond market. The central bank was tapped during the 2008 crisis,…
As the U.S. federal government battles the coronavirus epidemic, the federal deficit has been pushed above $3 trillion. Meanwhile, unemployment is also increasing ahead of…
“Financial crises recur in part because memories fade.” – Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson Jr in “Firefighting: The Financial Crisis…
“Forget the mattress! Keeping large sums of cash at home is risky,” the FDIC tweeted today. “The best place to protect your money is in…
Italy’s banking staffs have worked without protection against the coronavirus epidemic, and they may go on strike, according to the head of the sector’s main…
Investors are divesting from corporate bonds at a record pace. Shares of funds that buy investment-grade debt at a pace not seen since 2008, according…
Will the U.S. Mint create two $1 trillion platinum coins in order to bailout Main Street America? Congresswoman Rashida Tlaib (MI-13) has proposed the “Automatic…
Denmark’s parliament passed an emergency coronavirus law on Thursday giving health authorities powers to force testing, treatment and quarantine with the backing of the police.
As the Federal Reserve slashes the cost of money to zero, Coronavirus is requiring closures, cutbacks and social distancing.
Indebted companies are feeling pressure as funding markets dry up.
The coronavirus pandemic is shocking markets. The United States is now grappling with the disease. Volatility in major indexes have business on edge.
While precious metals have long been a store of value, they are not practical for using in everyday transactions. You would need to hold the…
Once vegetarians had their chance to chow down on a vegetarian burger that bleeds, Beyond Meat took the investing world by storm with the biggest…
Moody’s Investors Service has downgraded the outlook for global banks. Slowing growth, low interest rates, and volatile operating conditions turned the ratings firm’s outlook on…
There are several reasons experts presently warn of potential economic downturn. China’s growth has been slowing, despite recent positive reports, as the trade war wages…
Bitcoin mining emissions were on par with Estonia, suggesting that the climate change impact of the first digital asset is less than previously reported. Furthermore,…
Artificial intelligence is not just coming for the jobs of barbers and baristas. It is coming for high-paid professions, too. Even financial professionals could see…
Global debt will reach more than $255 trillion, according to the Institute of International Finance. Nearly $32,500 for each for the 7.7 billion people on…
350 Bankers and financial industry professionals think the United States will be the first to create a global digital currency – not China. 37% of…
Treasury Department officials are reportedly rolling back a tax rule issued under former president Barack Obama’s administration. The rule sought to prevent American companies from…
David Marcus is leading up Calibre, Facebook’s cryptocurrency project. As reported by CNBC, he said Wednesday that Bitcoin is digital gold, and not a good…
One Country, One System? China could change its “one country, two systems” arrangement that has been in place since 1997. The agreement stipulates that the…
Bakkt futures and custodial exchange traded 50 BTC (~$400,000) in daily futures contracts during its second week of trading, a significant decline from its opening…
Last week, almost every major online brokerage company – including Charles Schwab (SCHW), TD Ameritrade (AMTD) and E-Trade (ETFC) – stopped charging commissions, making it…
The International Monetary Fund must choose to either make more than $5 billion in funds under Argentina’s loan deal available to the government facing default…
Spot gold hit a six-year high late last week. It is the first time since April 2013 prices soared so high – peaking at a…
The US Securities and Exchange Commission continues to delay its Bitcoin ETF decision on the Bitwise Bitcoin ETF Trust and the VanEck SolidX Bitcoin Trust,…
Western Union shares declined Tuesday amid the Facebook announcement of its new cryptocurrency, Libra, which is supposed to be integrated with Facebook, and its subsidiary…
Huawei, the Chinese telecommunications giant the U.S. government fears could be used by the Chinese government to spy and sabotage infrastructure, is a crucial contributor…
Binance, the world’s largest cryptocurrency exchange, announced that starting in September it will disallow U.S. residents from using its flagship exchange. Instead, it will launch…
Despite increased tensions in the Middle East between the Iranian Republic and the U.S. over attacks on two ships in the Strait of Hormuz, crude…
More Quantitative Easing (QE) could be coming to the US and Eurozone as soon as the end of the year. The European Central Bank is…
Beyond Meat ($BYND) shares moved higher once again Monday morning. The stock persists at higher than expected levels after one of the most successful IPOs…
Top Federal Reserve policymakers might cut interset rates if trade tensions continue to get worse. Fed Chair Jerome Powell and his No. 2, Richard Clarida…
The Uber stock trend is still unclear this morning after increasing 1% Friday. Uber lost $1 billion last quarter, which is not as bad as…
Beijing is threatening to cut Washington off from rare earth minerals, according to media reports in China’s papers that included quotes from the state planning…
With Brexit still looming over the UK, and the end of Theresa May’s leadership putting the country in yet another stage of transition, the pound…
The U.S sanctioned a network of Iranian companies worth billions on Tuesday, including banks and funds accused of financing the country’s paramilitary apparatus. Washington’s move…
A bull market is when stock prices continue increasing by 20 percent from a previous drop of 20 percent, or when the securities market keeps rising. Bull…
Mauricio Macri, President of Argentina, stated that a revamped arrangement with the International Monetary Fund (IMF) will help boost investor confidence in the country after…
Jim Rogers, author of “A Bull in China: Investing Profitably in the World’s Greatest Market” and a renowned investor who co-founded the first global investment…
A new ruling from a federal judge means the U.S. Department of Education has delayed student loan forgiveness for some. The Attorneys general of 19…