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Category: Biz & Finance

Unexpected spike in jobs report causes pessimism at stock market

The New York Stock Exchange opened Friday at a loss. Investors on Wall Street responded to the US government’s jobs report. According to the report, 528,000 new...

Years after taking office, Biden still undecided on Chinese tariffs

US president Joe Biden does not yet know whether he will roll back tariffs imposed by his predecessor Donald Trump on Chinese imports. Biden told reporters at the White...

Fractional shares are the solution and key driver for the growth

After free stock market orders, fractional shares are the next trend coming out of the US to please the new investors. Only offering a piece of one share is more complex...

Service sector is under pressure, but the industrial one feels OK

Economic activity in the service sector in the United States declined in April, while that in industry increased. This was revealed on Friday by preliminary figures from...

Majority of U.S. car dealerships consider Biden’s electrification plan too ambitious

If it hadn’t been for the chip shortage, I think the Biden administration would have already helped the auto industry into a recession. Although the plans for...

Geopolitics, war and inflation are the main obstacles to US economy growth

In volatile times, the United States manages to achieve a success: the employment rate in the States appears to be heading in the right direction. The US labor market...

SEC vs. Ripple progress increasingly positive for XRP

The news updates in the lawsuit provide the necessary support for XRP. On Wednesday, updates on the lawsuit were positive for XRP. The crypto markets responded...

Bonuses bless the top bankers: Morgan Stanley CEO brings home freshly minted $35 million

James Gorman, CEO of Morgan Stanley, has received $35 million in salary and especially generous bonuses due to the very good business at the American major bank in the...

Tourism devastated by the long COVID-19

The tourism sector is losing $ 2 trillion (1.77 trillion) of revenue worldwide this year due to the coronavirus pandemic. This amount of lost income is comparable to the...

Fed taps the buyback, keeps interest rates low

After more than a year and a half, the Federal Reserve is starting to reduce its debt buyback – worth 120 billion dollars a month – again. It’s slowly closing...