Posts From Lucy Harlow
The U.S. economy is taking a larger-than-expected hit from the partial government shutdown, White House estimates showed on Tuesday, as contractors and even the Coast Guard go without pay and talks to end the impasse seemed stalled. The longest such
Chinese foreign direct investment in the U.S. totalled a paltry $ 4.8 billion last year, according to analysts at Rhodium Group. As the research outfit noted in a new analysis, that’s a whopping 84% drop from the $ 29 billion
Russia Is Considering a Shift to Bitcoin to Limit the Impact of U.S. Sanctions, Report Says
Russia is reportedly planning to replace the U.S. dollar with Bitcoin as its reserve currency in a bid to limit the impact of US sanctions imposed on the country. Last week, the cryptocurrency news site Micky quoted a Russian economist
The turmoil in the stock market has prompted institutional and retail investors alike to shift more of their investments into good-old cash, sending the total assets inside money market funds to their highest levels since early 2010. According to the
Prime Minister Theresa May warned on Monday that Britain’s planned exit from the EU could be derailed, a last-ditch effort to win over Brexit-supporting lawmakers who have repeatedly said they will vote down her divorce deal. The fate of the
India’s main opposition Congress party will simplify the goods and services tax (GST) and take “rational economic decisions” to attract foreign investment if voted back to power in a general election due by May, its leader Rahul Gandhi said on
Over the past couple of years, rising pay and low mortgage rates finally converged to make make the dream of home ownership a reality for America’s millennials, many of whom had long been locked out of the housing market. But
The United States is not looking to grant more waivers for Iranian oil imports after the reimposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday, underlining Washington’s push to choke off Tehran’s income. “We are not
Netflix’s stock rallied as much as 5% Friday following a pair of bullish reports from Wall Street analysts who are expecting the streaming-video giant to post strong earnings results next week. Late Thursday, UBS analyst Eric Sheridan said in a
Confidence in continued economic growth has been waning. A huge majority of chief financial officers around the world say a recession will happen by the end of 2020. Most voters think one will hit by the end of this year.