United States

Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II

The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.

A Modern Neo-Feudal State, The Tech Lords Ushering in a Return to the Medieval

If ever such tech lords decide that their will should supplant that of the majority's, or that through their influence they might alter the course of history by sustaining one country's war of aggression on another or by manipulating the political landscape, democracy will be the casualty - in America and throughout the world.

China Beats US as Top FDI Destination; Is this President Biden's Biggest Challenge?

The year 2020 also the first year in history that foreign direct investment in China overtook that of the US. Will this affect President Biden's leadership?

Wells Fargo to pay $110 million settlement over accounts scandal

US bank Wells Fargo has agreed to pay $110 million as settlement for the 11 class-action lawsuits brought by customers who had accounts opened without their permission.

American Airlines to buy $200 million worth of shares in China Southern

The deal ties American Airlines, one of the three big carriers in the US, with one of China's big three state-run airlines.

Investors pull out from US stock funds

Wall Street has been put on defensive mode ever since Donald Trump became the president of the United States. This led to investors pulling out $8.9 billion from US stock funds that ended on March 22 according to a research conducted by EPFR Global.

Tech experts criticize electronic ban from cabins of some Middle Eastern, African flights to US

An airline official says that the electronic ban would affect some airlines flying into the US and would cover devices larger than a cell phone. This is due to a security concern regarding passengers boarding nonstop flights to the US from certain countries.

Gulf airlines worry about effects of electronics ban; UK follows new security measure

According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.

Trump banks on big tech investment from Middle East

US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.

US jobs increase in Trump's first full month projecting economic optimism

Employers added 235,000 US jobs in February as per a Labor Department report released on Friday.

Samsung expands manufacturing in the US to produce home appliances

The South Korea-based technology giant will spend at least $300 million on the manufacturing project and is already discussing plans with five states.

US oil output set to break records in 2018

The EIA has ramped up its US forecasts and predicts daily domestic oil output of 9.2 million barrels for this year and 9.7 million barrels in 2018.

Mercedes-Benz recalls almost one million cars after 51 fires reported

The incident was due to an issue with an engine part that can cause an electrical fire and conditions would occur during the starting of the car.

Mexico economy minister sets meeting with US automaker executives in trade push

Trump's threats and unpredictability drives Mexico to build support from companies and US states that rely on business on the south border.

Delta Plans to Buy Nearly Half of Aeromexico, The Country's Biggest Airline

Following the launch of its historic partnership last year, Delta announces its plans to buy nearly half of Aeromexico, which is considered the oldest and biggest Mexican airline.

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Goldman Sachs Targets Private Equity After Credit Suisse Shakeup

In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.

Tight Grad Market? Here's How to Get Hired (On a Budget!)

A survey from the National Association of Colleges and Employers states that employers intend to recruit 5.8% fewer recent college graduates from this year's class than they did from the class of 2023.

Build Lasting Wealth with These Expert-Backed Passive Income Idea

There are still some proven passive income techniques available that yield positive results.

Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street

The Dow just reached 40,000 for the first time, marking the latest high point in an unexpectedly successful year for Wall Street.

Sustainable Investing Made Easy: Low-Cost ESG Fund Options for May 2024

Regular investors continue to desire ESG funds, despite some opponents labeling them as "woke" investing. These funds consider a portfolio's firms' financial fundamentals in addition to their environmental, social, and governance considerations.

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Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power

In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.

Brothers Arrested After Planning to Steal $25M in Cryptocurrencies from Ethereum Blockchain

According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

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