Helicopter money in the digital age? That’s what a couple of former central banks are suggesting according to Bloomberg News. The Federal Reserve is reportedly planning to send money directly to Americans’ bank accounts in the next financial crisis. Simon Potter, the head of the Federal Reserve Bank of New York’s markets group, and Julia […]
Money
Random Friday: Big Tech, gold prices nearing peak?, Obama’s eulogy
News Story of the Day: The Federal Reserve’s money spigot must be working over time. Within 48 hours, Big Tech stocks added approximately $250 bilion to their market capitalization. After huge corporate earnings and a congressional grilling, Amazon, Apple, Facebook, and Google posted big numbers. Amazon, for instance, made $5.2 billion at the height of […]
Executives sell stocks after cashing in on COVID-19 meltdown
By: Andrew Moran Forget 90 Day Fiancé and the ongoing saga in Major League Baseball. The real popcorn entertainment is happening on Wall Street. Well, that is, if you are sitting on the sidelines with very little skin in the game and watching the world burn. If you are invested in the stock market, this volatility is not […]
U.S. economy craters annualized 32.9% in Q2, 1.4 million Americans file for jobless benefits
What an interesting day for the United States economy on Thursday. In fact, it was a no good, horrible, rotten, terrible day. Well, unless you own shares in Kodak. Hello Robinhooders? Here is what has happened so far: The United States has officially entered a recession with two straight quarters of economic contraction. The U.S. […]
Federal Reserve keeps interest rates near zero, promises to support post-coronavirus economy
The Federal Reserve did not pull out any surprises on Wednesday. Jerome Powell and Associates left interest rates unchanged near zero, and said that this target range of between zero percent and 0.25 percent will be here to stay until the economy fully recovers. The Fed also confirmed that it will keep its various stimulus […]