Silver surges as Reddit army targets precious metals
Move over GameStop, Reddit mania is spreading to the precious metals market. Silver futures surged as much as 8.5% above $29 Sunday evening, touching five-month...
Author : Nelli Avetisyan
Tesla champion Ark Investment outguns Wall Street titans
Ark Investment Management outgunned established Wall Street titans BlackRock and State Street last month, as the asset manager founded by a longstanding Tesla bull reaped...
Firms call for details of post lockdown reopening so they can plan
Business leaders have called on the government to work with them on a roadmap out of lockdown to unlock investment for a post-Covid recovery. In...
PODCAST: Day traders wreak havoc on hedge fund bets, Wall Street dips, BlackRock’s progress on sustainability
The Biden administration says it is “monitoring the situation” as shares in companies including GameStop, AMC and BlackBerry surged in trading on Wednesday. Meanwhile, Wall...
Government Support Is Vital as Countries Race to Vaccinate
The COVID-19 pandemic is accelerating in many countries and uncertainty is unusually high. Decisive government actions are necessary to ensure swift and extensive vaccine rollouts, protect...
Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction
“The vaccines are here!”—the cry heard and welcomed the world over—has boosted hopes of a global economic recovery in 2021. Yet until vaccines are widely available,...
U.S. Economy Shrank in 2020 Despite Fourth-Quarter Growth
The U.S. economy shrank in 2020 for the first time since the financial crisis, but grew rapidly in the fourth quarter and is forecast to...
Who is at risk from premature austerity?
The budget deficits of the world’s governments will add up to about 8.5% of global GDP this year, according to new projections by the IMF....
UK economy suffering most damage since first wave of Covid-19
Britain’s economy is suffering the most damage since the first wave of Covid-19 as persistently high infection rates and renewed lockdown measures delay the economic...
What would a $15 minimum wage mean for America’s economy?
Most americans share President Joe Biden’s enthusiasm for increasing the federal minimum wage to $15 an hour from $7.25. Two-thirds of them—and more than 40%...