Category: Finance

Investors who own shares of social media giant Twitter received good news on Thursday, as the company posted gains of more than 15 percent. According to a report from CNBC, the stock’s rise is attributed to the stunning revenue report, which showed that the company made $758 million, much more than the $702.6 million that […]

For the first time in modern history, Cuba has to import sugar due to several poor sugarcane harvests in a row. According to a report from Agence France Presse (AFP), the former world leader in sugarcane production has slowly seen a decline of its cash crop ever since the collapse of the Soviet Union. During […]

In a move furthering its influence around the globe, China has signed a new memorandum of understanding (MOU) regarding free trade with the leadership of Palestine. According to Reuters, the Chinese government announced the new arrangement via their website on Wednesday. During a recent trip to Palestine, China’s vice commerce minister Qian Keming met with […]

Officials from the World Health Organization (WHO) have budgeted more than 100 million USD to fight the Ebola Virus outbreak in the eastern portion of the Democratic Republic of Congo (DRC). However, that amount may not be enough if violence in North Kivu province — which is the epicenter of the outbreak — continues to […]

The Saudi Arabian economy took a decisive hit last week as foreign investors sold off a reported $1.1 billion in Saudi-owned stocks last week. According to Reuters, this is the single largest sell-off since the country began allowing foreigners to purchase Saudi stock in 2015. Experts agree that the dumping of the Gulf state’s stocks […]

The Russian Ministry of Defense (MoD) claims that it has a plan to pay all of its soldiers in the event full-scale war breaks out. According to a report from the TV and Radio Company of the Armed Forces of the Russian Federation (ZVEZDA), the Ministry of Defense began exploring plans to pay its troops […]

According to Reuters, the Trump Administration began the yearlong process of withdrawing from the Universal Postal Union on Wednesday, arguing that the organization costs the United States millions each year with its subsidies to foreign shippers. Established in 1874 with the Treaty of Berne, the Universal Postal Union is now an agency of the United […]

The Associated Press (AP) reports the federal budget deficit swelled to $779 billion in FY 2018, the largest level since 2012 and 17 percent higher than FY 2017.  Additionally, the Treasury Department forecasts the deficit will increase again in FY 2019, to over $1 trillion—the first time since 2012 the federal deficit would top the […]

Brent Crude, an important “benchmark oil” that serves as a barometer for the commodity’s price in general, squeaked out a closing price above $80 per barrel late Friday. However, according to a report from Reuters, Brent is still down for the second week in a row. US crude was also not spared and finished more […]

On Wednesday, the Federal Reserve released the minutes of the September 25-26 quarterly meeting of the Federal Open Market Committee (FOMC).  The summary showed that officials anticipate the meeting’s (quarter percent) rate hike to the central bank’s benchmark federal funds rate target to be followed by another increase at the end of the year, and […]

This week, a U.S. Air National Guardsman and a Ukrainian pilot were killed when an Su-27UB Flanker-C fighter crashed in Ukraine’s Khmelnytskyi region during Exercise Clear Sky. The accident was one of a series of crashes largely caused by aging US air cargo. A feature article by Air Force Times writer Steve Losey, and Tara […]

Early this week, in an interview with 60 Minutes, President Donald Trump remained noncommittal about whether he would impose sanctions on Saudi Arabia as punishment for the alleged killing of Saudi-born Washington Post Journalist Jamal Khashoggi.  The President cited concerns over the economic impact of cancelling arms sales to the Kingdom, and other measures, saying, […]