Millennial philanthropy may forever change finance
What is up with those weird millennials? That is a sentiment many middle-aged people like me might have muttered in the workplace when confronted with...
Author : Nelli Avetisyan
Why foreign banks’ forays on Wall Street have gone wrong—again
The implosion of Archegos Capital, a New York-based investment firm, in April splashed egg on many faces. Banks that had lent it vast sums to...
Millions Are Unemployed. Why Can’t Companies Find Workers?
In a red-hot economy coming out of a pandemic and lockdowns, with unemployment still far higher than it was pre-Covid, the country is in a striking...
Bank of England forecasts fastest UK growth rate in over 70 years
The Bank of England forecast a much stronger economic recovery from the pandemic this year built on the back of higher consumer spending, but said...
Fed Says Covid Is Major Financial Risk, Asset Prices Vulnerable to ‘Significant Declines’
The Covid-19 pandemic remains one of the biggest near-term risks to the stability of the financial system, the Federal Reserve said, while noting that asset prices are...
The broader lesson from booming copper prices
Shortages in commodity markets offer a paradigm for the post-virus economy. A year-long rally in broader commodity markets shows few signs of cooling. Iron-ore prices...
Major Tesla investor dumps a big chunk of shares
A major shareholder in Tesla has become bearish about the company. Scottish fund manager Baillie Gifford & Co. sold 11.1 million shares of Tesla during...
US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low
The share of US dollar reserves held by central banks fell to 59 percent—its lowest level in 25 years—during the fourth quarter of 2020, according...
As US Economy Surges Back, Economists Forecast 2021 Boom
The U.S. economy grew at 6.4% in the first quarter of 2021 as the combined impact of a mass vaccination rollout and federal stimulus checks...
Job retention schemes are keeping millions in work, what happens once they end?
In this episode of Real Economy we ask what happens when job retention schemes come to an end in Europe? Job retention schemes have kept...