Category: Finance

Chinese billionaire and founder of the mega e-commerce site Alibaba, Jack Ma, has been identified as a member of China’s communist party. According to a report from Agence France Presse (AFP), Ma — who is not only the wealthiest man in China, but also one of the richest in the world — was “outed” as […]

American automotive giant General Motors (GM) announced on Monday that the company plans to execute a drastic reorganization which includes cutting the number of salaried employees by 15 percent, closing manufacturing plants in three US states, and discontinuing several poor-selling models. According to a report from Reuters, factories in “Ohio, Michigan, and Maryland,” will cease […]

After a decade of delayed and reduced budgets, one of the few elements of President Trump’s campaign and ensuing administration that has garnered little criticism from the other side of the political fence has been his efforts to bring the American defense apparatus back to a passable state of readiness. Multiple bipartisan reports have confirmed […]

Read Part 1 here. It is important to note that the effect of the carbon tax is not double counted. The carbon tax raises tax rates generally, and so market actors react to the $100 billion income tax with the knowledge that taxes are actually higher than $100 billion. This insight is obvious when thinking […]

Experts believe China’s economy will face a slowdown in 2019. According to a report from Reuters, researchers from the Renmin University in Beijing expect the country’s economic growth to slow from its current rate of 6.6 percent to 6.3 next year. The Asian superpower’s ongoing trade war with the USA coupled with the country’s constant […]

With the recent blue wave of Democratic success in retaking the House of Representatives, we are likely to see a return of many policy proposals typically associated with the left side of the political aisle. One of those proposals is surely to include a carbon tax of some kind. Proponents argue that the carbon tax […]

Apple, Google, and Amazon look like great buys during this downturn in the economy especially for the big five tech stocks, or FAANG. With the recent falling of the stock market, some of the big technology companies look like very attractive buys with great value indicators — and they are still great companies to consider. […]

Major retailers across the U.S. are implementing sweeping policy changes in order to combat gift card fraud this holiday season. According to a report from Reuters, Wal-Mart, Target, and Best Buy are all revamping their gift card plans to make it harder from criminals and thieves to swindle unsuspecting shoppers. This initiative is being backed […]

Facebook and their social media apps Messenger and Instagram encountered an outage with their ad manager platform and was later reported by Facebook to be the result of a “server configuration”. This meant that some businesses and media buyers were unable to launch their holiday ad campaigns, manage existing campaigns, or track performance during the […]

Cryptocurrency giant Bitcoin dropped below the $5,000 mark on Monday, far greater than the expected drop predicted last week which had the currency leveling out around $5,300. According to a report from Reuters, the coin is now at a 13-month low and is currently experiencing a massive sell-off, which started when a hard fork of […]

Numbers According to the monthly report of the US Census Bureau, retail sales came in higher in October — rising by 0.8%, following declines in both September and August. The October numbers are up 4.6% over last year, and total sales for the period of August through October of 2018 were up 5% from the […]

According to production figures published by OPEC, Venezuela’s state-owned oil company Petróleos de Venezuela, S.A. (PDVSA), continues to have a record-breaking year, and not in the way they would hope. In April, the socialist government in control of the world’s largest oil reserves failed to have its oil company produce at a rate any higher […]