Britain’s Public Debt Surpasses £2 Trillion For First Time, Now Exceeds Annual GDP
The national debt has surged by more than 10% over the past year
Tesla Shares Crack $2,000; EV Maker Now Boasts Market Cap Bigger Than Walmart
Shares of Tesla have jumped almost 400% this year.
More Than One-Third Of US Has Less In Emergency Savings Than Before Pandemic
Baby Boomers are in a particularly precarious position with their savings.
Ohio Auto Insurance Company Will Eliminate Credit Scores From Its Underwriting But Will Other Firms Follow?
Using credit scores to determine auto insurance rates is allowed in 47 states, except California, Massachusetts, and Hawaii
Despite Trump's Claim, China’s Commerce Ministry Says Trade Talks With US Will Be Held Soon
The commerce ministry’s declaration follows statement by the president that the talks had been "canceled."
Fed’s Minutes Reveal Central Bank Worried COVID-19 Will Continue To 'Weigh Heavily' On Economy
The FOMC looks set to keep interest rates at near zero for a lengthy period.
Apple Reaches $2 Trillion Market Cap Threshold; Amazon, Microsoft Also Approaching Milestone
Apple's market cap has doubled in only two years.
Trump Says He 'Canceled' Trade Parley With China, No New Talks Planned
Postponed trade talks raise fears U.S. may pull out of deal
Trump Endorses Oracle’s Bid For Chinese-Owned Video-Sharing App TikTok, Praises Larry Ellison
Oracle has close ties to the White House. Its cofounder Larry Ellison is a Trump supporter,
S&P 500, Nasdaq Indexes Set Record Closing Highs, Buoyed By Surging Tech Stocks
The S&P 500 has rallied despite an unprecedented pandemic that locked down much corporate America during the spring.
Facebook Slammed In India For Waffling On Hate Speech Content, Left And Right Unhappy With Social Media Giant
Facebook views India as its biggest growth market but faces questions in the country about filtering content.
Recovery For Emerging Markets Currencies Depends On Global Economic Rebound, Restored Commodity Demand
The pandemic has greatly hurt the economies and currencies of many emerging markets
Walmart’s Q2 Results Crush Analysts’ Estimates As Online Sales Surge During Pandemic
The company's e-commerce sales increased by 97% during the coronavirus outbreak.
Norwegian Sovereign Wealth Fund Lost $21 Billion In First Half Of Year Amid Market Turmoil
Norway has the largest sovereign wealth fund in the world
Oracle May Compete Against Microsoft To Acquire TikTok’s US Operations
Oracle may be interested in buying certain operations of Chinese-owned TikTok
Working Remotely May Change Corporate America And Benefit Both Employers, Employees
An increasing number of U.S. employees are working from home and some may never return.
Mortgage Delinquency Rates Jump In Q2, With New Jersey, Nevada Hardest Hit
New Jersey, Nevada, New York, Florida and Hawaii were especially hit hard by rising delinquencies.
Popular Millennial Trading App Robinhood Gets Another Surge Of Funding
The brokerage firm favored by younger investors has been plagued by outages and other problems but its overall valuation is now $11.2 billion.
German Antitrust Watchdog Probing Amazon For Price-Setting After Canada Launches Similar Investigation
Agency will examine Amazon's relationship with third-party traders that sell products on its website.
EU To Consider Sanctions As Protests, Strikes Pressure Belarus President Lukashenko
Lukashenko’s recent electoral victory has been described as fraudulent by the opposition and the west
Japan’s Economy Plunged A Record 27.8% In Second Quarter As Domestic Consumption, Exports Drop
The world’s third largest economy, has now delivered three consecutive quarters of GDP declines, its worst performance since 1955.
US, China Postpone Trade Deal Review Talks Scheduled For This Weekend
Seven months after the phase 1 trade deal was signed, the pandemic and events in Hong Kong have drastically changed things.
EU Lost 5.5 Million Jobs In Second Quarter, Prepares For Worse Cuts As Furlough Programs Expire
The 2.6% decline in jobs was accompanied by the bloc’s 11.7% decline in GDP.
Amazon To Launch Online Pharmacy Service In India As Part Of Greater Investments In Country
Amazon will be competing with a host of local online medicine retailers in India
Hong Kong Forecasts Record GDP Contraction For 2020, After GDP Shrinks 9% In Second Quarter
Hong Kong’s economy has been battered by the pandemic while U.S.-Chinese tensions add further risk
US Corporate Bankruptcies May Reach 10-Year High As Pandemic Shuts Down Wide Swaths Of Businesses
Bankruptcies have particularly slammed retail, consumer and energy sectors.
FHFA’s New Refinance Fee Condemned By Mortgage Experts, May Cost Homeowners Extra $1,400
The regulator has slapped a new 0.5% fee on refinance mortgages
COVID-19 Pandemic Battering Latin American Economies As Some GDPs May Plunge 10% Or More
The region’s largest economies, Brazil, Mexico, Argentina, are all expected to suffer significant contractions
IEA Warns Global Oil Demand Will Contract More Than Expected This Year Due To Ongoing COVID Impact
IEA partly cited a weakening recovery in transport-aviation sector for its projection
One-Third Of US Renters, Homeowners Behind On Housing Payments In August As Federal Aid Stalls
More than 20% of these people owed more than $1,000 during the first week of August.
