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News & Updates
July 2, 2019 One-third of Americans have cut their spending this year, and some fear a recession is comingSource: CNBC
when answering questions for the Invest in You Spending Survey, more people described themselves as savers, at 54%. The national survey of 2,800 Americans was conducted June 17–20 by CNBC + Acorns in partnership with...
July 2, 2019 Wealthy financial markets must start to pay their way to help the poor, and a global ‘Robin Hood’ tax is the way to do soSource: South China Morning Post
The world is crying out for a radical rethink on better ways to bolster global growth, redress income and wealth imbalances and improve the future for all mankind. The major industrial countries have enjoyed a disproportionate...
President Donald Trump said Monday that trade talks with China, which had stalled out in May, have “already begun” following his meeting with Chinese President Xi Jinping at the G-20 summit over the weekend.
Source: Yahoo Finance
“While trade uncertainty remains the single largest source of downside risk for equities, a trade deal along with central bank monetary easing and low equity positioning could push the S&P 500 beyond 3,200,” wrote Dubravko...
July 1, 2019 Dow futures surge more than 280 points after Trump and Xi agree not to impose more tariffsSource: CNBC
U.S. stock futures surged on Monday morning after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.
July 1, 2019 Iran warns ‘unilateralism’ between Saudi Arabia and Russia could lead to the death of OPECSource: CNBC
Iranian Oil Minister Bijan Zanganeh believes “unilateralism” among some OPEC members could ultimately lead to the death of the Middle East-dominated producer group.
Source: YouTube/Fox News
Insight from White House economic adviser Larry Kudlow.
July 1, 2019 World's Largest Solar Power Plant Switched OnSource: Forbes
As of today, the Noor Abu Dhabi project with a total capacity of 1,177MW is the largest operational single site solar project in the world. It’s important to make the distinction between this and a ‘solar park’.
July 1, 2019 Opinion - Trump is laying groundwork for a new world order built around the US, China and RussiaSource: CNBC
Washington has begun a process with Russia and China during last week’s G-20 meeting in Osaka, Japan that could create a new world order.
The odds are overwhelming — above 80% — that bitcoin will crash in coming months. I base this bold prediction on a study, “Bubbles for Fama,” that appeared earlier this year in the Journal of Financial Economics
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