Economics And Finance
Glencore To Close Massive Metals Mine As Trumponomics Takes Toll (#GotBitcoin?)
Closure will remove around 20% of the global market’s cobalt supply. Glencore To Close Massive Metals Mine As Trumponomics Takes Toll (#GotBitcoin?) Glencore PLC’s first-half earnings fell by a third and the commodities giant said it is closing one of its largest copper and cobalt mines, as concerns over the…
Banks Hand Over Documents On Russians Possibly Linked To Trump (#GotBitcoin?)
Some documents are related to Russians who may have had dealings with Mr. Trump, his family or Trump Organization. Banks Hand Over Documents On Russians Possibly Linked To Trump (#GotBitcoin?) Major Wall Street banks have given congressional committees investigating President Trump thousands of pages of documents related to Russians who…
Central Banks Surprise Markets With Aggressive Rate Cuts (#GotBitcoin?)
Global easing cycle may turn out to be longer and deeper than previously expected. Central Banks Surprise Markets With Aggressive Rate Cuts (#GotBitcoin?) Three central banks in the Asia-Pacific region lowered interest rates in a surprisingly aggressive fashion Wednesday as the fallout from the U.S.-China trade war intensified, suggesting the…
Ultimate Resource On Countless Store Closings (#GotBitcoin)
More store closings coming: An estimated 12,000 shops could close by the end of 2019. Ultimate Resource On Countless Store Closings (#GotBitcoin) [embed]https://www.youtube.com/watch?v=g1W2nWdCzg8&list=PLU1KxUVqGmaOTwJbyBN_K0B1UL1Grmluh&index=1[/embed] There will be absolutely zero entry-level jobs for young (or old) people. The retail apocalypse isn't showing any signs of slowing down. Eight months into 2019, there…
Public Pensions Miss Fantastic Bitcoin Gains (#GotBitcoin)
Trumponomics Fail! Public pension plans fell short of their projected returns this year, adding to the burden on governments struggling to fund promised benefits to retired workers. Public Pensions Miss Fantastic Bitcoin Gains (#GotBitcoin) Public plans with more than $1 billion in assets earned a median return of 6.79% for…
Dow Falls Sharply As Trumponomics Fails To Deliver (#GotBitcoin?)
Stocks slide broadly; Trump accuses China of engaging in currency manipulation. Dow Falls Sharply As Trumponomics Fails To Deliver (#GotBitcoin?) Stocks were pummeled by selling Monday, pushing indexes from New York to Shanghai lower, as the yuan reeled and fresh trade threats between Beijing and Washington raised fears of an…
Trump Pays No Taxes Unlike His Financially-Illiterate Followers
Comments come after report found Trump paid no income tax in eight of 10 years in the ’80s and ’90s. Trump Pays No Taxes Unlike His Financially-Illiterate Followers President Trump said Wednesday that the deep losses he reported for tax purposes in the 1980s and 1990s amounted to “sport,” citing…
Warren Buffett Shuns Stocks And Hoards Cash (#GotBitcoin?)
Buffett Steers Clear of Buying Stocks. Warren Buffett Shuns Stocks And Hoards Cash (#GotBitcoin?) With stocks at record highs, Berkshire Hathaway Inc. sold $1 billion more worth of stocks than it bought last quarter, its biggest net selling since the end of 2017. Berkshire’s total return has trailed the S&P…
The S&P 500 Suffered Its Worst Week of 2019 — And Its Not Finished Falling (#GotBitcoin?)
Investors entered the week hoping for a repeat of the 1990s. Instead, they might get a rerun of That ’70s Show. The S&P 500 Suffered Its Worst Week of 2019 — And Its Not Finished Falling (#GotBitcoin?) This past week began with the market expecting a quarter-point rate cut from…
Families Go Deep In Debt To Stay In the Middle Class (#GotBitcoin?)
Wages stalled but costs haven’t, so people increasingly rent or finance what their parents might have owned outright. Families Go Deep In Debt To Stay In the Middle Class (#GotBitcoin?) The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care…
Fed Lowers Interest-Rate To Stimulate Sluggish Economy (#GotBitcoin?)
Global growth, trade uncertainty and low inflation forced turnabout after four rate increases last year. Fed Lowers Interest-Rate To Stimulate Sluggish Economy (#GotBitcoin?) The Federal Reserve reduced its benchmark interest rate by one quarter percentage point. That would mark just the fifth time in the past 25 years that the…
Federal Borrowing Soars As Higher Spending Outpaces Revenue Growth (#GotBitcoin?)
The Treasury expects to sell over $1 trillion in debt this year. Federal Borrowing Soars As Higher Spending Outpaces Revenue Growth (#GotBitcoin?) Borrowing by the federal government is set to top $1 trillion for the second year in a row as higher spending outpaces revenue growth and concern about budget…