Economy

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 […]

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 […]

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. […]

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 […]

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 […]

While most of the world is still reeling from the effects of the Covid-19 economic slump, the Chinese economy has seen a V-shaped recovery taking it back on track to hit its pre-pandemic levels far quicker than any other country.  According to an economist from Goldman Sachs, “the economy appears to have passed a turning […]

European Central Bank President Christine Lagarde gave an interview with CNBC’s Sara Eisen recently where she discussed the current state of the European economy.  According to Lagarde, European member states should start to see an accelerated rate of economic recovery in the latter half of 2021. She acknowledged the fact that continued lockdowns have put […]

Much like the rest of the world, the UK economy has been taking a battering as a result of Covid 19. The country suffered from continuous lockdowns that resulted in several months of stop-start economics for small business owners all over England.  This was hampered even further as the UK got hit with a second […]