Economy

The recent frequent shifts in economic data created opportunities for the Federal Reserve to announce the decision to taper assets purchase in September. This will further lead to a decrease in buying a month later.  Speaking with public officials has shown increasing support for a faster timeline than the timeline the markets have expected. Part […]

The U.S economy has received an all-time high job opening; reaching 10 million openings in June. This is the update from the Labor Department on Monday. This number is the highest record since the recent recovery from the coronavirus shutdown in August 2020. The month of May had a record of 9.2 million openings, but […]

There have been speculations that the results of the Wednesday afternoon meeting may lead to more implementation of more ultra-easy policies because of the recent spike in the delta variant of the covid-19. Although this move has not been expected, with the current fast spread of this variant of the coronavirus, the Federal Reserve Officials […]

The price of Gold remained steady on Friday but was soon going towards its first weekly decline in five. This also comes as stronger dollar-made bullion, a little more expensive for those who hold other currencies, and offset support for lower U.S bond yields. Spot gold was flat at $1,807.45 per ounce as of 0634 […]

The race to get employees has taken another turn as companies like Chipotle, Target, WWE and Shopify are teaming up to hire employees through TikTok. This pilot program released by Tik Tok allows interaction between companies and employees with video resumes on the Social Platform. It is another way for companies to connect with their […]

On Wednesday, the Wall Street Journal Survey announced that there would be an estimated reduction for first-time applicants for unemployment benefits for the first time in recent times. The figure, which stood at 364,000 for the week ending June 26, is estimated to be 350,000 for the week ending on July 3. According to UNCTAD, […]

Since the pandemic struck in February 2020, the United States economy has been needing resuscitation. Several pieces of legislation have been signed to help bring the economy back on its feet and the country has seen great improvement. However, the National Bureau of Economic Research strongly believes that the country is still in a recession.  […]

The COVID-19 pandemic has shaken even the world’s strongest economies and the United States is no exception. As the direct effects of the pandemic abate, the economy is still in recovery. On Wednesday the Fed held the interest rate near zero because rising inflation was majorly reflecting transitory factors. The Central Bank of the US […]

Last week, Michael Sonnenshein, CEO of Grayscale, and Greg King, CEO of Osprey, were interviewed on CNBC’s “ETF Edge.”  Grayscale runs the largest bitcoin-based fund in the world. The fund, “Grayscale Bitcoin Trust” has over $24 billion in assets under its management. While Osprey controls the Osprey Bitcoin Trust and the Osprey Algorand Trust. Osprey […]