The death toll from the coronavirus epidemic reached one million on Saturday, as many countries continue to struggle to eradicate the virus that has overwhelmed health care systems, weighted economies and daily life around the world. Covid-19, a virus-causing disease, kills an average of more than 70,000 people every day …
Read More »The long-running wealth gap between blacks and whites remains significant, Fed data for the 2019 show
According to the latest Federal Reserve figures released on Monday, the wealth gap between whites and blacks in the United States has remained stubbornly wide in the three years ending in 2019. The typical white family has eight times the wealth of the typical black family and five times the …
Read More »U.S. Sets export restrictions on China’s top chip maker
Department of Commerce Computer-chip companies have been told that they must obtain a license before exporting some of the technology to China’s largest semiconductor manufacturer, which is a blow to China’s efforts to compete in advanced technology. The department made the requirement in a letter to the computer-chip industry on …
Read More »Deutsche Bank warns that financial crisis could surprise investors
Excuses / Reasons to Sell? Concerns about the huge weight of the stock market are overflowing on Monday. The political turmoil following the death of Supreme Court Judge Ruth Bader Ginsberg has raised concerns among global banks about the money-laundering scandal, the second wave of COVID-19 concerns, and the U.S. …
Read More »The Fed’s Kashkari said the fugitive inflation warning was just “ghost stories”
Minneapolis Federal Reserve President Neil Kashkari said on Friday that the U.S. Warnings that inflation will rise are not supported by any evidence and are tantamount to ‘ghost stories’. Kashkari said in an essay posted on his regional bank’s website that the debate, which has been going on since 2008, …
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