Economy

Flag of Great Britain

The Most Self-Serving Reaction To Brexit? Congresswoman Gwen Moore

With the possible exception of Donald's Trump's press conference at his Trump Turnberry resort in Scotland, the most self-serving comments about Brexit by any U.S. politician came from Congresswoman Gwen ...
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Will Brexit Drive U.K. Unemployment Back Toward 10%?

Which is worse for jobs in the U.K.? The Great Recession, or the Brexit? The world is about to find out. At the peak of the recession, U.K. unemployment reached ...
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Brussels

Brexit Means California Could Soon Be World’s Fifth Largest Economy

Earlier this month, the state of California's GDP passed that of France to become the sixth largest in the world. The country just ahead of California, in fifth place, is the ...
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Brexit And U.K. Economy By The Numbers–GDP, Population, And Industry

Even Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) was out of breath about new of the Brexit: "We take note of the decision by the people ...
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American flags

U.S. Markets Could Open Higher As Futures Rally

The effects of the Brexit on U.S. markets could be short lived. Futures have rallied off bottoms set just after the vote was announced. What the event will do to ...
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U.K. Markets Rally From Bottom After Brexit Drop

The only markets which have recovered from bottoms made by sell-offs in Asia and Europe are those in the U.K. The FTSE 100, which was off over 8% has come ...
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laptop PC

People Waste Time on Social Media While at Work

White little has been written about the effect of social media on worker productivity while people are on their jobs, new research shows that workers do waste time on social ...
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German flag

Eurozone June PMI Points to Weak Growth

The eurozone can be added to large economic areas with weak expansion, according to Markit Flash PMI for June. Add this to pessimism about the United States, recently voiced by ...
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Currency

IMF Says US Economy in ‘Good Shape,’ but Faces Challenges

With an unemployment level of 4.7% and 2.4 million new jobs created in 2015, the U.S. economy is "overall, in good shape" according a statement by the International Monetary Fund ...
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Hong Kong

Hong Kong Is Most Expensive City in the World to Live In

The Mercer's annual "2016 Cost of Living Rankings" reports that Hong Kong is the most expensive city for expats to live. With a few exceptions, the top 10 are among ...
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percentage button

Yellen Testimony Continues Bias Toward Only Very Gradual Rate Hikes

Tuesday, June 21, brought the Federal Reserve's semiannual Monetary Policy Report from Fed Chair Janet Yellen in front of Congress. This was before the U.S. Senate Committee on Banking, Housing ...
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piggy bank

66 Million Americans Have Zero Emergency Savings

Saving for a rainy day is hard, and the younger you are the harder it is. According to a new survey from Bankrate.com, 66 million Americans have no money saved ...
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German flag

Germany’s Economic Sentiment Rises in June

Just two days before U.K. voters cast their ballots in a contest between those who want the country to remain in the European Union and those who want the country to ...
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India

Why India Is Worst Country in the World for Business

Leaving aside the exit of Raghuram Rajan, the popular governor of the Reserve Bank of India, and Prime Minister Narendra Modi's announcement that it will be easier for companies from ...
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refugee

Over 65 Million People Displaced in 2015: UN

Various conflicts and related problems caused 65.3 million people to be displaced around the world by the end of 2015, according to a new United Nations study. That is up from ...
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