Economy

Better than expected economic data, optimism over the reopening of the country, and hopes for a coronavirus vaccine all combined to drive stocks up earlier in the week. Although the S&P 500 closed at 2991.77, it represents an increase of 1.23 percent. The index did break 3000 earlier in the day. New COVID-19 Developments  Companies […]

COVID-19 has resulted in soaring unemployment, sending a record-high number of homeowners into default on their mortgage payments. Home sales have dropped, housing starts have fallen, and the commercial and residential rental markets are suffering. The coronavirus pandemic has thrown the world into an economic crisis. Record high unemployment and forced lockdowns have had a […]

Gold is a very desirable metal, sought after for investment purposes, the manufacture of jewelry, as well as the manufacture of a host of electronic and medical devices. As of March 2020, gold was at $1,625 an ounce, up a great deal from levels of 50 years ago when it was priced close to $300 […]

One of the primary drivers of social change is technology. Granted, there have been other reasons, many of them including armed conflict, natural disasters, plagues, and pandemics amongst them, most certainly including the current COVID-19 situation. It isn’t easy to estimate the impact on various industries with what has and still is, happening. The financial […]

The price of gold continues to reach for new highs. The precious metal closed on May 18 at $1733, down slightly from Friday’s close of $1742. It is not just the month of May that has seen the price of gold go up. The commodity has traded at fresh highs every month of 2020, and […]

To help Americans, the Federal Reserve is printing money and cutting interest rates. The question many are asking is, “will these moves have an impact on the crypto market?” Policymakers in the United States and elsewhere have plowed an unprecedented amount of new money into the economy in hopes of staving off what is looking […]

U.S. stocks ended down on Wednesday after Jay Powell, Chairman of the Federal Reserve, warned that the COVID-19 pandemic has the potential of causing long-term damage to the economy. Powell went on to say that the country may need to “deploy additional policy measures” as an effort to avoid a period of low growth and […]