FINANCE

Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Twitter’s market capitalization has increased by more than $16 billion since banning Donald Trump from its platform.
Twitter Stock Rises Over $16 Billion 40 Days After Banning Trump
Social media giant Twitter (NYSE: TWTR) shares unexpectedly skyrocketed to a new all-time high of $74.96 on Friday, Feb. 19, breaking the record set in 2013 during the second month of the company’s debut on...
Chinese citizens have savings at a much higher rate than around the world. The photo is a stock image of Shanghai, China, on a clear day.
Will Chinese Citizens Be Coaxed Into Capital Markets?
On December 22, 2020, the China Securities Regulatory Commission (CSRC) held a meeting and discussed the topic of encouraging Chinese citizens to invest their savings in capital markets. This is the second time within 11...
President Biden’s proposed $1.9 trillion pandemic relief package will give up to $3,600 in direct payments to Americans with children.
Proposed $1.9 Trillion Pandemic Relief to Include $3,600 in Child Assistance Payments
President Joe Biden’s proposed $1.9 trillion pandemic relief package will give up to $3,600 in direct payments to American families with children. At present, the Child Tax Credit offers $2,000 annually for every child under...
Bezos Steps Down as CEO of Amazon, Will Focus on Space Exploration, Washington Post, Charities
Amazon founder Jeff Bezos announced he is transitioning away from CEO and to Executive Chair of the Amazon Board of Directors in a letter to staff on Tuesday. Bezos will transition away from his current...
Big Media Puts ‘Gamestop Rebellion’ on Par with Capitol Riots
January saw brick-and-mortar video game retailer Gamestop (NYSE: GME) explode in value from a 2021 opening price of $19.00 to a peak of $483.00, a total expansion of more than 2,000 percent. GME closed out...
Silver Markets Gap Up 7 Percent, Bullion Dealers Report Weekend Inventory Shortage Amid Retail Hype
A number of precious metal bullion dealers have reported inventory shortages and closed order taking on Sunday, Feb. 7, citing unprecedented weekend purchasing demand.  The U.S.-based MoneyMetals and APmex closed acceptance of new orders until...
President Biden wants Congress to pass a $1.9 trillion pandemic aid bill that will include $1,400 in direct payments to every American citizen.
Biden Administration Pushes Hard to Get Pandemic Relief Package Passed by Congress
President Biden wants Congress to pass a $1.9 trillion pandemic aid bill that will include $1,400 in direct payments to every American citizen. White House spokesperson Karine Jean-Pierre said that the deal has to be...
China signed RCEP agreement on Nov. 15 to join the largest trading bloc in the world
China Joins RCEP, But Will Beijing Honor Commitments?
China signed the Regional Comprehensive Economic Partnership Agreement (RCEP) on Nov. 15, joining 14 other countries in a free trade zone that will cut tariff and non-tariff barriers. Member countries signed the agreement via video...
Senate Passes Bill That Could Delist Chinese Firms From US Exchanges
Mainland Chinese companies must adhere to U.S. national financial regulations, or face delisting on America’s stock exchanges, according to legislation passed by the Senate on May 20. The bill applies to listed firms, as well...