Minutes of the Federal Open Market Committee September 15–16, 2020 A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, September 15, 2020, at 11:00 a.m. and continued on Wednesday, September 16, 2020, at 9:00 a.m.1 PRESENT: Jerome H. Powell, Chair John C. Williams, Vice […]
Archives for October 2020
STUDY: Billionaire wealth surges to all-time high of $10.2 trillion
Good for them! According to a new report by UBS Group AG and PricewaterhouseCoopers, billionaire wealth soared 27.5 percent from the beginning of 2020 to $10.2 trillion in July. This is a record high. The 2020 Billionaires Insights report, which included more than 2,000 billionaires in 43 markets, stated: “Those that are the innovators and […]
Stocks tank as Trump calls off stimulus talks with Democrats
A bold strategy or a bad political tactic with 27 days to go until Election Day? President Donald Trump announced on Twitter that he has ordered his aides to stop negotiating another round of coronavirus-related stimulus and relief measures until after the election. “I have instructed my representatives to stop negotiating until after the election […]
China caught invading U.S. through greenfield investments
By: Andrew Moran For centuries, empires have relied on military might to invade and occupy foreign lands. China has taken a different approach to expand its footprint across the globe: investment. Over the last 20 years, Beijing has invested hundreds of billions of dollars in other countries, most notably through its Belt and Road Initiative […]
STUDY: Tesla received $60 million from Canadian taxpayers in less than a year
Would Tesla Motors be one of the hottest companies in the stock market if it were not for generous government subsidies? Many jurisdictions worldwide have offered both tax incentives for people who buy electric vehicles and for Elon Musk to open up factories in their locations (just ask China). In Canada, which is facing enormous […]