Global Economy

admin July 20, 2018

TO PAY for his professional flight degree at Purdue University in Indiana, Andrew Hoyler had two choices. He could rely on loans and scholarships. Or he could cover some of the cost with an “income-share agreement” (ISA), a contract with Purdue to pay it a percentage of his earnings for a fixed period after graduation. […]

admin July 20, 2018

China’s currency is plunging again. But how low will it go? The yuan weakened almost 1% against the US dollar on Thursday to hit its lowest level in a year. It has now fallen by nearly 8% over the past three months amid a global trade spat and concerns over an economic slowdown in China. […]

admin July 19, 2018

President Donald Trump said on Thursday that he’s “not thrilled” with the Federal Reserve for raising interest rates. Breaking with tradition to avoid criticizing the Fed, Trump told CNBC he’s worried that the central bank’s policies will interfere with the economic recovery. “I don’t really — I am not happy about it,” Trump said in […]

admin July 19, 2018

A company in New Zealand that tested four-day work weeks says the experiment was so successful that it wants to make it permanent. Perpetual Guardian, which helps customers manage their wills and estates, released the results of its two-month trial this week. The company said its employees all reported greater productivity, better work-life balance and […]

admin July 18, 2018

Some economists warn that President Donald Trump’s trade war with China and deficit-financed tax cuts will speed the arrival of a recession. But don’t tell that to Larry Kudlow, who is positively euphoric on the economy. Trump’s top economic adviser thinks the recovery from the Great Recession, already the second-longest in history, could keep going […]

admin July 18, 2018

The CEO of the world’s largest money management firm said Wall Street is getting increasingly nervous about a trade war. Larry Fink, the head of BlackRock (BLK), said during a conference call with analysts Monday that “some of the strongest foundational components of international investing are being tested as trade frictions escalate to new levels.” […]

admin July 18, 2018

The European Union and Japan signed a huge free trade deal on Tuesday that cuts or eliminates tariffs on nearly all goods. The agreement covers 600 million people and almost a third of the global economy. It’s also a major endorsement of a global trading system that is under increasing threat from protectionism. It will […]

admin July 18, 2018

Don’t mess with Texas. It’s a global oil superpower. The shale oil boom has brought a gold rush mentality to the Lone Star State, which is home to not one but two massive oilfields. Plunging drilling costs have sparked an explosion of production out of the Permian Basin of West Texas. In fact, Texas is […]

admin July 17, 2018

The captains of Corporate America are steering a record amount of cash into stock buybacks. Companies have announced them this year at a rate of more than $5 billion a day. The buyback boom has been viewed by investors as a sign of confidence among CEOs. Yet with their own money, executives are quietly taking […]

admin July 17, 2018

There’s a nice little real estate boom underway in Europe. Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank. Prices spiked more than 14% over the previous year in Berlin, Rotterdam and Budapest. EU data […]