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Economy

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

luxury_retail
A decade ago, with the majority of stores exiting, Euclid Square Mall in Ohio was temporarily used by religious congregations who held services in abandoned retail stores. Two years ago, Amazon announced plans to build...
twitter_shaming
Plenty of people saw the now-disputed Peloton Christmas commercial at least a dozen times and saw nothing wrong with it. But it only takes one person--one Tweet--to recalibrate the masses’ correctness sentiment.  And shave a billion...
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...
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...
Natural Gas
The plummeting natural gas exports from the United States to Mexico amid an Arctic cold spell in the country that has led to a gas demand surge is causing blackouts in northern Mexico, with some...
sad_man
One of the frequent subjects of debate at those thrilling annual anthropological seminars is the origin of chivalry and gender equality. It is said to typically conclude with a joke about holding doors open for women...
Steve Eisman
While Washington and Beijing are trading threats and counter threats, tariffs in the US have skyrocketed and President Trump has put the blame squarely on China. Amidst the hullabaloo about tariffs and ongoing trade war...
Tesla Factory
Tesla (NASDAQ:TSLA) will set up a car manufacturing unit in India, the chief minister of the state of Karnataka has said, as the U.S. electric vehicle maker aims to enter one of the most promising...
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...
Bernie Sanders
Vermont Senator and 2020 presidential hopeful Bernie Sanders has revealed a new plan to eliminate student loan debt for over 45 million Americans. Sanders is proposing that the federal government pay to wipe clean the $1.6...