By: Andrew Moran The debt crisis unfolding in the second-largest economy’s public and private sectors is being televised all over the world. One area being closely monitored by global financial markets is corporate debt. The tropical storm of corporate defaults and insolvencies will soon metastasize into a tsunami that could trigger a significant economic event that will impact […]
Archives for November 2019
EIA: U.S. is officially a net energy exporter
The shale-oil revolution has transformed the United States into an energy dependent state into a thriving independent country. On Friday, the Energy Information Administration (EIA) confirmed that the U.S. has finally cemented its status as a net exporter in global crude oil markets. According to the EIA, the U.S. exported 89,000 more barrels of oil […]
Black Friday: Online sales surge, brick-and-mortar sales fall
How was your Black Friday? Did you get into a fight with a couple of people? Did you stay home trying to find hilarious clips of people being chaotic? According to a new study by Adobe Analytics, this year’s Black Friday was the second-best single-day shopping for online retailers. This year, consumers bought $7.4 billion […]
Random Friday: Saudi Aramco over-subscribed, billionaire philanthropists, social justice
News Story of the Day: One of the most historic initial public offerings (IPOs) is about to happen and many investors – foreign and domestic – are interested. Saudi Aramco, the Saudi Arabian-owned oil titan, has received bids for its shares topping $44 billion. This means that its IPO is posed to become over-subscribed. Aramco […]
Gold to hit $4,000? Futures market betting metal could triple by 2021
What will the world look like in two years? For some investors, it will be a grim place where geopolitical conflict, trade wars, and perhaps inflationary monetary tools will be the norm. If this what reality will be by 2021, then how will gold trade? Bloomberg News, when it is spending its time not reporting […]