FINANCE
The benchmark interest rate for lending is now 4.75 to 5 percent, following the Federal Reserve's long-awaited announcement of a rate decrease on Wednesday, Sept. 18. After the Federal Open Market Committee (FOMC) meeting, held eight times a year, the organization that serves as America's central bank unveiled a 0.5-percent
Developing Nations Risk Falling in Chinese Belt-and-Road Style COVID-19 Debt Traps
As developing countries continue to accrue debt due to the Coronavirus Disease 2019 (COVID-19) pandemic...
Twitter Unveils Retail Experience Revolution and User Monetization During 2021 Analyst Day
Shares in social media leviathan Twitter opened approximately 8 percent higher on Thursday, Feb. 24 on...
Twitter Stock Rises Over $16 Billion 40 Days After Banning Trump
Social media giant Twitter (NYSE: TWTR) shares unexpectedly skyrocketed to a new all-time high of $74.96...
Will Chinese Citizens Be Coaxed Into Capital Markets?
On December 22, 2020, the China Securities Regulatory Commission (CSRC) held a meeting and discussed...
Proposed $1.9 Trillion Pandemic Relief to Include $3,600 in Child Assistance Payments
President Joe Biden’s proposed $1.9 trillion pandemic relief package will give up to $3,600 in direct...
Bezos Steps Down as CEO of Amazon, Will Focus on Space Exploration, Washington Post, Charities
Amazon founder Jeff Bezos announced he is transitioning away from CEO and to Executive Chair of the Amazon...
Big Media Puts ‘Gamestop Rebellion’ on Par with Capitol Riots
January saw brick-and-mortar video game retailer Gamestop (NYSE: GME) explode in value from a 2021 opening...
Silver Markets Gap Up 7 Percent, Bullion Dealers Report Weekend Inventory Shortage Amid Retail Hype
A number of precious metal bullion dealers have reported inventory shortages and closed order taking...
Biden Administration Pushes Hard to Get Pandemic Relief Package Passed by Congress
President Biden wants Congress to pass a $1.9 trillion pandemic aid bill that will include $1,400 in...