Economy

Fears of an economic hit from COVID 19 have driven the price of the safe haven asset to a nine-year high. The price of gold rose to more than $1,800 an ounce this week for the first time in nine years. Available data shows that investors have stashed a record amount of cash into funds […]

The world is trying to deal with the effects of a pandemic. As well as the pandemic, the US is also facing racial strife and political upheaval. Nevertheless, even with all this chaos, the stock market continues to rise. Although this is 2020, the year somewhat echoes the events of 1968. Both years, 1968 and […]

Digital payment systems are not new to Chinese shoppers. They find moving from shop to shop in Beijing or Shanghai with a smartphone app such as Alipay a lot easier than carrying a purse or wallet filled with Yuan notes. The Chinese government has recently embarked on a pilot program for a digital version of […]

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 […]