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 increases pressure on Tehran, sending a message to governments and companies still working with Iran to stop or face penalties. The U.S.’s goal in targeting the Basij militia’s financing network, emphasizing the network’s use of child soldiers and other humans rights abuses in its announcement … Read More →
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 a financial crisis forced South America’s second-largest market to a recession. “We are working with the IMF and we are going to present something that will bring confidence,” Macri said. “More confidence than what we’ve had in the last 10 days when markets have turned … Read More →
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 fund with George Soros in 1973, has made numerous extraordinary predictions about trade market in the past, including the fall of the US dollar.
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 states, as well as the Districct of Columbia, sued U.S. Secretary of Education Betsy DeVos and the U.S. Department of Education for delaying a borrower protection rule scheduled to take effect on July 1.
The latest tariffs on American and Chinese goods aren’t as severe as expected, making stocks rise on Tuesday. Substantial profits in tech also propelled market gains. The S&P 500 increased 0.5 percent to close at 2,904.31, headed by buyer discretionary spending and industrials. It is also less than half a percent from its record high.
Venezuelan workers who got a pittance are now getting a slightly higher pay, thanks to a 3000% increase in their minimum wage. What they may not have, though, are jobs. Seven million employees are now guaranteed 1,800 bolivars per month, which is worth about $20 at the black-market rate, after a minimum wage hike. Venezuelan President Nicolas Maduro proposed the change to increase his popularity, but it’s having the opposite … Read More →
Nike shares recovered their losses on Monday after their contentious publicity campaign featuring former San Francisco 49ers quarterback Colin Kaepernick initially spurred a drop in their shares. The campaign, released to celebrate Nike’s 30th anniversary of their slogan “Just Do it,” sparked both backlash and support of the brand.