German researchers will test whether universal basic income can work by distributing about $ 1,400 a month to a group of people for three years. The German experiment for the Institute for Economic Research will involve 1,500 people at random across the country, although only 120 will receive the money, …
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The Federal Open Market Commission raised concerns at its recent meeting on the future of the economy, saying the coronavirus is likely to continue to stunt growth and pose potential dangers to the financial system. At the July 28-29 session, the Federal Reserve’s policy-making arm voted to keep short-term interest …
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Realtors leave home for sale during a realtors open house in San Francisco, California. Justin Sullivan | Getty Images A sudden reversal of record low interest rates last week led to a pullback in the demand for mortgage refinancing. That dropped the total volume of mortgage applications 3.3% from the …
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Maersk containers aboard the Hammonia Husum container ship as it leaves the port of Portsmouth. (Photo by Andrew Matthews / PA Images via Getty Images) Andrew Matthews | PA images | Getty Images Maersk, the largest container company in the world, hit profit expectations in the second quarter on Wednesday, …
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The world’s third-largest economy shrank 7.8% in the second quarter compared to the previous quarter, the country’s cabinet said on Monday. That translates to an annual decline rate of 27.8%, the lowest since modern records began in 1980 and the third consecutive quarter of contraction. But Japan performed better than …
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