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Economy

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

Retail
U.S. states are now open again for business, but the lines outside of places like TJMaxx might be misleading.  The question now is this: With doors re-opening, which ones are going to stay closed, and will...
In March 2020, the novel coronavirus swept through the U.S., forcing stay-at-home orders and business closures across the country—including all but two of the country’s nearly 1,000 casinos. That same month, New Jersey, Delaware, Nevada, and...
jpmorgan
Wall Street stocks and most financial markets have simply shrugged off news that inflation levels have accelerated to the fastest pace in more than decade. On Thursday morning, the U.S. Labor Department revealed that headline...
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...
gold_silver
All good ideas arrive by chance- Max Ernst For what seems like an eternity for the bulls, the gold market has suffered from a strange cognitive dissonance, stubbornly refusing to react to the signs of the...
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...
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...
black_friday
It’s official: No longer is it necessary to leave the comfort of the couch to take advantage of the best Black Friday deals. No longer is it necessary to forego sleep, push, shove, wait in...
gold
Gold is soaring past an eight-year high now, even as equities are rebounding, in a bizarre setup that sees the two moving in lockstep when traditionally gold would be a safe haven asset that replaces...
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...