Economy


Chipotle, Target use TikTok to find the workers they need in the tight job market.
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Author: Maria Andretti

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 […]

29 Jul 2021
U.S Unemployment Slumps to a New Dip
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Author: Maria Andretti

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, […]

12 Jul 2021
Advisors Warn of Looming Recession as the Federal Reserve Lags on Inflation
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Author: Maria Andretti

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.  […]

30 Jun 2021
US Economy Path Depends On Virus – Federal Reserve Warns
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Author: Jeffrey Taylor

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 […]

22 Jun 2021
Will the Digital Dollar Be the Downfall of Bitcoin?
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Author: Maria Andretti

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 […]

15 Jun 2021
Federal Reserve Considers a Digital Dollar, Governor Advocates
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Author: Maria Andretti

The US Dollar is a currency that is widely accepted around the world for international business transactions. It holds a high value and prestige in the world compared to most currencies. Digital currency is the craze of the day that is gradually taking its place in nations of the world. It’s gained so much value […]

7 Jun 2021
The U.S. Economy Is Getting Close to a Full Recovery
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Author: Maria Andretti

It is well over a year since the pandemic took hold. Although it has been a tough time, and it is not over yet, the economy in the United States is poised to recover. However, there are still roadblocks that make reaching this milestone difficult. CNN’s “Back-to-Normal Index” was developed in co-operation with Moody’s Analytics. […]

28 May 2021
The Growing Deficit in Washington is Driving Central Banks to Alternatives
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Author: Michael Stern

For the fifth year running, the share of dollar-denominated assets in global foreign reserves sank to 59 percent. The last time the dollar sank to this level was a quarter-century ago. Amid concerns over prospects for the U.S. dollar, emerging economies, including Russia and China are diversifying holdings. Foreign governments have long seen U.S. Government […]

18 May 2021
First Quarter Economic Recovery Approaching Pre-Pandemic Level
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Author: Michael Stern

The rapid rollout and wide acceptance of COVID-19 vaccines are starting to pay dividends. The number of people having to be hospitalized, and the number of deaths, are both falling quickly, especially among the older generation. This is good news. The burst of activity as a result of the vaccine program has put the economy […]

6 May 2021