Home Economy

Economy

The latest news in the economy, covering policy changes, market developments and much more

trump-powell
Trump “made” Federal Reserve Chair Jerome Powell, the president claims in his most recent public lashing out at the central bank head. In fact, Trump dislikes Powell so much that he would even be willing...
Pandemic Middle Class
The global pandemic ravaged the world’s economies across the board, diminishing standards of living and pushing millions into poverty. In the process, the world has seen its middle class shrink by tens of millions.  Prior to...
China to retaliate if tariffs are increased
Just ahead of trade talks between Washington and Beijing, tensions have surged, with China vowing to protect its interests and adopt retaliatory measures should President Trump hike tariffs again. A spokesperson from China’s Commerce Ministry said...
dumpster_dive
In the 1980s, dumpster diving emerged to the point that it became a bit of an art as a response to rampant consumerism and massive waste. So what happens when you combine this art with...
US Emissions
The United States needs to reduce its emissions by at least 57 percent by 2030 below 2005 levels to fulfill its share of the cuts consistent with the Paris Agreement, which the Biden Administration has...
Fintech Crypto
Airline miles and hotel points are so 2010. The next round of credit card disruptors will offer something much more millennial … bitcoin rewards.  The recent mainstream adoption of bitcoin is getting yet another “cashback” boost,...
elderly-workforce
The US Bureau of Labor Statistics is predicting a major increase over the next 10 years in the number of age 75-and-older workers in the workforce. The increase, from last year’s 1.8 million workers who are...
Banks Embrace Fintech
Mobile phone companies using financial technology (fintech) have played an integral role in providing the most required assistance to a large number of Africans who have struggled with conventional banking. Ever since mobile payment technology came...
gold
Gold miners’ stocks rocketed out of mid-March’s stock panic, breaking out to major new bull-market highs in mid-May. Such blisteringly-fast gains, and gold stocks’ upleg stalling out since, have left many traders nervous about this...
Last year pretty much devastated the restaurant industry, with estimates that more than 110,000 were permanently closed and 5.5 million jobs were lost. As states are easing restrictions on dining and things are slowly returning...