Finance

A (wonky) case against a carbon tax (Part 2 of 2)

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 […]

China’s economy facing slowdown in 2019 according to report

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 […]

A (wonky) case against a carbon tax (Part 1 of 2)

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, Amazon, and Google look like attractive buys in recent market downturn

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. […]

Facebook fail: Outage causes pre-Black Friday and Cyber Monday scare for online retailers

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 […]

Embattled Bitcoin continues nose dive — altcoins follow suit

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 […]

Weekly Economic Review: Holiday season and labor market looking strong?

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 […]

Pending Chinese help, Venezuelan oil production falls to lowest level since 1949

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 […]

Analysis: How the uncertainty of Brexit is affecting markets

Bitter fighting in the UK’s Parliament over a proposed Brexit deal is dragging on European markets and keeping the Euro and the US Dollar in a holding pattern. According to a report from Reuters, markets across Europe are responding poorly to the uncertainty coming from Westminster, and exchanges in the UK, France, and Germany were […]

Horrible day for cryptocurrencies as Bitcoin and altcoins drown

Popular cryptocurrency Bitcoin plummeted on Wednesday, crossing below the $6,000 mark for the first time in more than a year. According to a report from CNBC, the coin dropped by 7 percent and is currently worth $5,640.36, the lowest its been in 2018. The sudden fall was unexpected by many experts, as the coin’s value […]