A new report strategically timed for release with the start of the World Economic Forum boondoggle at Davos, shows that the world’s 26 richest billionaires now own as many assets as the 3.8 billion people who make up the poorest half of the world’s population. The report titled “Public Good or Private Wealth,” found that top […]
Finance
Latest News
Workers’ Paradise? Employees in China Crawl Through Streets After Missing Sales Targets…
The workers were literally forced to crawl on all fours after reportedly failing to reach their annual sales targets in the busy traffic of Tengzhou — a city in Shandong province in the country’s east. The group was filmed being driven on by a male supervisor bearing a flag with the name of the firm, which reportedly disrupted traffic. Onlookers called […]
26 Billionaires Own as Much as World’s 3.8 Billion Poorest People…
While the wealth of billionaires increased by $900 billion last year, or $2.5 billion a day, latest Oxfam report on inequality shows “this bonanza has not been felt by the poorest half of the world, which saw its wealth decline by 11 percent.” With Wall Street titans, tech moguls, and other members of the global […]
Earth’s Richest 26 Control Same as World’s Poorest 50% – Report…
Released ahead of the annual winter World Economic Forum in Davos, Switzerland — a yearly gathering of some of the planet’s richest and most influential — the frightening new report from UK-based Oxfam (Oxford Committee for Famine Relief), reveals a dire gap between those who have all too much and those who have little to nothing. Founded in 1942 to, as the name implies, counter global famine, […]
Will Globalists Sacrifice the Dollar to Get Their ‘New World Order’?…
Trade is a fundamental element of human survival. No one person can produce every single product or service necessary for a comfortable life, no matter how Spartan their attitude. Unless your goal is to desperately scratch an existence from your local terrain with no chance of progress in the future, you are going to need […]
Small Caps Soar to Best Start Since 1987 as China Adds Record Liquidity…
Wondering why stocks are soaring? Simple really – Global Central Bank balance sheets are soaring again…
Federal Reserve Confesses Sole Responsibility for All Recessions…
n a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States. Former Federal Reserve chief Ben Bernanke – Federal Reserve Creates all recessions. First, former Fed Chair Ben Bernanke said that ‘Expansions don’t die of old age. They get […]
For the First Time Ever, Wall Street Banks Top $100 Billion in Profit…
One may not know it by looking at banker bonuses last year, but 2018 was a banner year if only for bank shareholders and upper management: this is the year when the 6 biggest banks generated (well) over $100 billion in profit. They can thank Trump’s tax cuts, the Fed’s payment of interest on reserves, […]
Ukrainian Hackers Broke Into the SEC’s EDGAR Database, Made $4.1 Million From Insider Trades…
On Tuesday, United States authorities charged numerous mostly Ukrainian hackers for a scheme to trade on press releases that had not yet been released. The Ukrainians breached the SEC’s EDGAR database to receive access to the nonpublic information. The scheme netted over $4 million for fraudsters from the U.S., Russia and Ukraine. Using 157 corporate earnings […]
Company Co-Founded by Nancy Pelosi’s Son Charged with Securities Fraud…
The Securities and Exchange Commission (SEC) charged a company cofounded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business. Paul Pelosi Jr., the son of House Minority Leader Nancy Pelosi (D., Calif.), was the president and chief operating officer of Natural Blue Resources Inc., an investment […]
Credit Suisse: China Has a Lot More to Lose Than the U.S. in Trade War…
The possibility that the United States and China are closer to resolving their trade dispute has stoked optimism among investors. But insufficient attention may be being paid to what happens if no deal is struck, according to John Woods, Credit Suisse’s chief investment officer for Asia-Pacific. No deal would be “profoundly negative”. It would be […]
BP Just Discovered a Billion Barrels of Oil in the Gulf of Mexico…
BP‘s investment in next-generation technology just paid off to the tune of a billion barrels of oil. The British energy company has discovered 1 billion barrels of crude at an existing oilfield in the Gulf of Mexico. BP also announced two new offshore oil discoveries and a major new investment in a nearby field. BP […]
The Next American Car Recession Has Already Started…
These should be boom times for Detroit. Unemployment is at a half-century low, gasoline is cheap and auto sales in the U.S. were near record levels last year. Yet American automakers are closing factories, cutting shifts and laying off thousands of workers. The industry is behaving like a recession has arrived. In one segment of the market, it has. Detroit is in the grips of […]
Ford Cancels a $1.6 Billion Mexico Plant and Adds 700 Jobs in Michigan…
Ford Motor Co (f) on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a “big border tax” over compact cars made in Mexico. Ford CEO Mark Fields called the […]
Someone’s Finally Going to Jail Over the Panama Papers Leak: a Turkish Journalist Who Reported True Facts from Them…
A Turkish court has sentenced journalist Pelin Ünker to 13 months’ imprisonment for her participation in reporting the Panama Papers, a massive leak of documents from the tax-evasion enablers Mossack-Fonseca. Ünker published the true (and undisputed) facts about former Binali Yıldırım and his sons, whose ownership of Maltese companies was revealed in the leaks. Despite […]
The Stock Market Just Got Off to its Best Start in 13 Years…
Things are coming up roses in the stock market, lately. The Dow Jones Industrial Average, S&P 500 index and Nasdaq Composite Index are off to their best starts to a year since 2006 after a powerful series of gains. The Dow DJIA, +51% closed up 0.5% on Thursday, pushing its year-to-date gain to 2.89%, which […]
Bank of England Boss: China’s Renminbi Will Rival the Dollar as Global Reserve Currency…
The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback. Global tensions caused by economic sanctions and trade conflicts triggered by Washington have forced targeted countries […]
U.S., China Eye Higher-Level Talks After Discussing Tech Transfer…
U.S. and Chinese officials are working on arrangements for higher-level trade talks after mid-level officials this week discussed U.S. demands on issues that would require structural change in China to address such as intellectual property theft, forced technology transfers and other non-tariff barriers. People familiar with the three days of talks in Beijing said hopes […]
Main Street’s Hiring Woes Show U.S. Labor Market’s Growing Muscle…
This is one of those occasions when less really is more. For the first time, a shrinking talent pool is the biggest concern of mid-size companies assessing the year ahead, according to the JPMorgan Chase Business Leaders Outlook released Monday. It outstripped even the perennial challenge of increasing sales and revenue, showing that a decade-long […]
The Economics of Cryptocurrency Pump and Dump Schemes…
The surge of interest in cryptocurrencies has been accompanied by a proliferation of fraud, largely in the form of pump and dump schemes. This column provides the first measure of the scope of such schemes across cryptocurrencies. The results suggest that the phenomenon is widespread and often quite profitable, and highlight the need for concerted […]
- « Previous Page
- 1
- …
- 99
- 100
- 101
- 102
- 103
- …
- 162
- Next Page »