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Musk: To the U.S. Government About Entrepreneurship: “Get Out of the Way” & Let Companies InnovateDec 10, 2020 - 06:51:41 PST
Government is the ‘ultimate corporation’? : Billionaire Elon Musk urges the U.S. government to "get out of the way" to let companies innovate and stop trying to be a "player" in the corporate world.
Last summer, the Chinese government launched a pilot program for a digital version of the yuan. The virtual currency ups the ante in the war on cash and creates the potential for the government to track and even control consumer spending.Last week, the digital yuan got a boost when China's biggest online retailer announced it has developed the first virtual platform to accept the Chinese digital currency.
CPI Comes In Hotter Than Expected On Hotel, Airline Fares; Used Car Prices DropDec 10, 2020 - 06:24:57 PST
Prices are continuing their modest recovery even though the shelter index posted its smallest annual increase since December 2011.
Global Economic Outlook 2021: Growth Recovers amid High Debt; Changing Fiscal, Monetary FrameworksDec 10, 2020 - 05:46:02 PST
The global economy will rebound by around 5.4% next year after the sharpest contraction of the post-war era in 2020 when output will have fallen by about 4.0%, but the recovery will prove uneven amid an overhang of global debt.
As lockdowns began to spread virally across America, the number of Americans seeking unemployment benefits has surged higher...
Watch Live: ECB Christine Lagarde Explain How More Of The Same Policy Will Work This Time 8:30 ETDec 10, 2020 - 05:39:59 PST
...for now markets seem disappointed by The ECB's actions (EUR is higher) and so we look forward to Christine Lagarde explaining just how "more of the same" will result in a different outcome this time...
After three months of optimism, Americans grew more pessimistic about the housing market in November.
Saxo Bank projects silver will soar to a record $50 an ounce in 2020, powered by loose Federal Reserve monetary policy and a weak dollar, and turbocharged by surging demand for the white metal in the solar energy sector.
China will almost certainly let a high-flying chipmaker default on $2.5 billion worth of dollar debt, the strongest signal yet that foreign investors shouldn’t count on Beijing to bail them out.
The Greek economy shrunk by a record 14 percent in the second quarter of 2020 while at the same time government efforts to ‘’cure’’ the economy have set the country on the road to cross the 200 percent debt-to-GDP ratio as the IMF forecasts.
Dec 10, 2020 - 05:00:54 PST
ECB President Christine Lagarde will explain the Governing Council's monetary policy decisions and answer questions from journalists at the Governing Council press conference on 10 December 2020 at 14:30 CET in Frankfurt am Main.
The Governing Council decided to increase the envelope of the pandemic emergency purchase programme (PEPP) by €500 billion to a total of €1,850 billion. It also extended the horizon for net purchases under the PEPP to at least the end of March 2022.
That seismic shake you felt last night just before 8 p.m.? That was the sound of House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer slamming shut the bronze doors of the Capitol on the White House’s offer to tack its version of a coronavirus-relief package onto a must-pass government funding bill, now delayed by a week.
Occupancy Plunges to 70% at San Francisco Luxury Apartment Towers across from Twitter Headquarters:Dec 10, 2020 - 04:49:02 PST
While landlords are muttering, “And this too shall pass.”
Trend Shows Home Price Growth at Record High, Rising at Fastest Pace Since Early 2000sDec 10, 2020 - 04:46:49 PST
The Economic Cycle Research Institute’s Lakshman Achuthan highlights a chart showing inflation-adjusted home prices have surpassed the housing bubble’s peak.
House Votes to Fund Government for a Week amid Rush to Strike Spending, COVID Relief DealsDec 10, 2020 - 04:43:04 PST
The bill would keep the government funded through Dec. 18 as Congress tries to reach coronavirus relief and spending deals.
The coronavirus has infected more than 68.58 million people globally as of Wednesday, killing at least 1.56 million people so far.
The increase in the U.S. money supply in the past two weeks is absolutely shocking. Something must be seriously wrong behind the scenes at the U.S. Treasury and Federal Reserve for the M1 Money Supply to increase more in the past two weeks than it did in six weeks during...
Gold prices tumbled on Wednesday as riskier assets declined but US yields and the dollar moved higher.
Gold miners must rapidly switch to renewable electricity generation if the industry is to curb emissions sufficiently to align with the Paris Agreement's 1.5-degree Celsius (2.7-degree Fahrenheit) global warming target, the World Gold Council (WGC) said on Wednesday.