US sanctions on Iran finally hit and the results are less dramatic than anticipated

US sanctions on Iran finally hit and the results are less dramatic than anticipated

The long-awaited sanctions against Iranian oil exports took effect earlier this week on Tuesday, a month after US President Donald Trump announced that he would be withdrawing from the 2015 nuclear deal. The new sanctions have loomed over the oil industry since their announcement, as many experts disagreed on the market ramifications. Although the White […]

The White House unleashes more sanctions on Venezuela; Cuba and Nicaragua could be next

The White House unleashes more sanctions on Venezuela; Cuba and Nicaragua could be next

The Trump administration announced on Thursday that the US would be placing more sanctions on Venezuela to gain some satisfaction from the country’s ruler, president Nicolas Maduro. According to a report from Bloomberg, the new sanctions are specifically targeted towards the South American country’s gold base; thus making it harder for Venezuela to continue to […]

Pharmaceutical giant posts solid third quarter as vaccine-related workforce grows

Pharmaceutical giant posts solid third quarter as vaccine-related workforce grows

UK-based pharmaceutical company GlaxoSmithKline (GSK) released its third-quarter earnings report, which was higher than expected thanks in large part to the company’s newest shingles vaccine called “Shingrix.” According to Reuters, the company took in 8.09 billion pounds in sales and boosted its earnings per shares by more than two pence. “The performance of our new […]

Richard Branson’s Virgin Orbit just strapped a rocket to the wing of a 747

Richard Branson’s Virgin Orbit just strapped a rocket to the wing of a 747

Like SpaceX founder Elon Musk or Blue Origin owner Jeff Bezos, British billionaire Richard Branson has long had his sights set on space travel. Unlike Musk and Bezos, however, Branson believes aircraft assisted launches are the secret to making trips to the stars more affordable. It’s with that ultimate goal in mind that Branson built […]

Japan strengthens ties with China and India, signs multiple currency exchange agreements

Japan strengthens ties with China and India, signs multiple currency exchange agreements

Just days after signing economic cooperation agreements with China, Japan signed a currency swap deal with India, valued at $75 billion. According to Bloomberg-Quint, this new agreement will help bolster the rupee, which has seen a significant loss in value during the recent months. The deal should also help India access foreign capital and foreign […]

CBO Report: Half of Americans get more in transfer payments than they pay in taxes

CBO Report: Half of Americans get more in transfer payments than they pay in taxes

The Congressional Budget Office (CBO) released a report earlier this year titled “The Distribution of Household Income, 2014.” The report analyses a mountain of data from 2014, looking for trends in the distribution of income, taxation, transfers from federal government programs, inequality, and so on. Basically, the report looks at the actual data behind every […]

Gold shines as the market winner for investors this week

Gold shines as the market winner for investors this week

The price of gold was up on Friday, marking a four-week run-up of the precious metal. According to a report from Market Watch, many investors are looking for a relatively stable asset to shield them from a decline in stock markets around the globe. “Safe-haven gold is again acting as a hedge and safe-haven asset, […]