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Markets

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14 Million People Will Lose Unemployment Benefits On December 31st

Nov 23, 2020 at 14:38

According to the latest DOL data, there are currently over 21 million unemployed workers receiving UI benefits

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The Banking Industry’s $35 Billion Gravy Train Could Disappear

Nov 19, 2020 at 18:00

Analysts have warned that the Biden administration is likely to crack down on overdraft fees, an $35B gravy train that critics say punishes society’s most vulnerabl

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Saudi Arabia Lost $27 Billion In Oil Crash

Nov 13, 2020 at 16:00

The oil price collapse is depriving Saudi Arabia of US$27.5 billion in oil revenues this year, Saudi Crown Prince Mohammed bin Salman said on Friday

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Black Friday Could Be Retailers’ Only Hope

Nov 11, 2020 at 18:00

Get ready for Black Friday--even if it’s going to be unlike any other Black Friday that’s come before it.

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Aramco Dividend Won’t Cover Saudi Budget Gap

Oct 10, 2020 at 12:00

The massive US$75-billion annual dividend of Saudi Aramco cannot fund the widening budget gap of Saudi Arabia if oil prices remain low beyond 2021

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Credit Card Debt Plummets Amid COVID

Oct 09, 2020 at 17:00

According to the newest Federal Reserve figures, consumer borrowing unexpectedly fell in August as credit card balances declined for a sixth consecutive month.

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Biden Plan Targets “Wealthy” Taxpayers

Oct 08, 2020 at 18:00

Biden’s tax plan, just announced, proposes the 12.4% Social Security tax to kick back in for incomes above $400,000

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Jobs Report Paints Dire Picture of US Economy

Oct 05, 2020 at 18:00

As health experts warn about a looming, and perhaps imminent, third wave of the pandemic, data shows that the U.S. continues to pile on unemployment claims

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13-Minute COVID Tests Could Get Life Back To Normal

Oct 01, 2020 at 17:00

The United States, Canada and Europe have all unlocked the doors of rapid COVID testing amid a surge in cases.

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How COVID-19 Is Transforming The World's Sovereign Wealth Funds

Sep 12, 2020 at 18:00

The role that many sovereign wealth funds (SWFs) play in national economic policy has changed dramatically as a result of the pandemic, giving rise to questions about their future.