FINANCE

Jes Staley arrives at Downing Street for a meeting in London on January 11, 2018.
Barclays CEO Sent 1,200 Emails to Epstein With Code Words Like “Snow White”
Jes Staley, the scandal-hit former chief executive of Barclays, reportedly exchanged 1,200 emails with the sex offender and financier Jeffrey Epstein over a period of four years. The emails included phrases like “snow white,” the...
Unemployment Risks Exposed as Lottery Sales in China Plunge Downwards
Since August, lottery sales in China have plummeted as the rate of unemployment increases. The downward spiral of sales has opened a window into the worsening conditions of the mainland’s employment, as reported by Soochow...
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China’s Factory and Consumer Inflation Spikes, Little Relief in Sight
China’s producer price index (PPI) rose by 13.5 percent in October year-on-year, which is a faster rate than the September figure of 10.7 percent. This is also the fastest pace at which PPI has risen...
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‘Whistleblower’ Frances Haugen Calls Facebook’s Transition to Meta a ‘Distraction’
Former Facebook employee Frances Haugen said Facebook’s recent renaming of its parent company to Meta was born out of profit over safety, calling it a “distraction” while others called the Metaverse project “dead on arrival.”...
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NY Fed Survey Reveals Inflation Expectations at Record Levels, Living Expenses Shoot Up
In its latest monthly survey, the Federal Reserve Bank of New York revealed that the short-term inflation expectations of Americans reached an all-time high in October. Moreover, their opinions are unfavorable when it comes to...
Millions of Chinese College Grads Fail to Find Work, Threatening Social Crisis
A record 9.09 million college graduates are set to enter China’s workforce this year. With new jobs already on the decline since COVID-19 shuttered thousands of businesses across the nation, an estimated 15 million urban...
Biden Continues Trump’s Ban on Investments to Chinese Military-linked Companies
U.S President Joe Biden announced on Tuesday, Nov. 8, that American investments will not be allowed to funnel into Chinese companies with ties to the People’s Liberation Army (PLA).  The ban was first created by...
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US Heating Costs Expected to Soar Alongside Rising Gas Prices
Biden-appointed Energy Secretary Jennifer Granholm confirmed on Oct. 7 that Americans should expect higher heating costs for the winter of 2021. In a time when the pandemic has hit the world’s economies hard, the rise...
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Federal Reserve to Begin Reducing Bond Purchases Beginning This Month
In a step towards withdrawing the massive support it has been providing to the financial markets and the economy, the United States Federal Reserve announced on Nov. 3, that it will be scaling down the...