Economy & Money

US unemployment rate falls to 50-year low of 3.5%

US unemployment rate falls to 50-year low of 3.5%

The US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data. The
ROTHSCHILD wants to help Saudi BINLADIN Group restructure debt

ROTHSCHILD wants to help Saudi BINLADIN Group restructure debt

Multinational investment banks Rothschild and Moelis have been shortlisted to advise on restructuring about $15 billion of debt at Saudi
Fitch slashes Saudi Arabia’s credit rating over ‘risk of further attacks’

Fitch slashes Saudi Arabia’s credit rating over ‘risk of further attacks’

Rating agency Fitch has downgraded Saudi Arabia’s credit rating from A+ to A citing geopolitical risks and a downturn in
Trump warns again that the stock market would crash if he is impeached

Trump warns again that the stock market would crash if he is impeached

President Donald Trump warned in a tweet Thursday amid the Ukraine whistleblower inquiry that the stock market would melt down
Bitcoin, Ethereum, Ripple’s XRP, And Litecoin In Shock Meltdown

Bitcoin, Ethereum, Ripple’s XRP, And Litecoin In Shock Meltdown

The bitcoin and cryptocurrency market suddenly went into meltdown today, with the bitcoin price dropping over 10%–just after the closely-watched
US grants Apple tariff exemptions despite Trump’s earlier no-go

US grants Apple tariff exemptions despite Trump’s earlier no-go

The US has granted exemptions from tariffs on parts for Apple’s new Mac Pro and on some accessories made in
Why is the Fed pumping money into the banking system?

Why is the Fed pumping money into the banking system?

The US central bank has pumped more than $200bn (£160bn) into the financial system this week – the first time
JP Morgan traders accused of manipulating price of gold, silver for a DECADE

JP Morgan traders accused of manipulating price of gold, silver for a DECADE

Precious metals traders at JP Morgan made millions through fraudulent trades, operating a sprawling criminal conspiracy to manipulate prices, according
Russia & Iran to switch to SWIFT-free banking system

Russia & Iran to switch to SWIFT-free banking system

Russia and Iran will transfer payments using an alternative system to the internationally recognized SWIFT money transfer network, the governor
Russia will only borrow in currencies other than US dollar – finance minister

Russia will only borrow in currencies other than US dollar – finance minister

Russia will not take out loans in US dollars for the remainder of this year and the whole of 2020,
France vows to block Facebook’s Libra cryptocurrency on European soil

France vows to block Facebook’s Libra cryptocurrency on European soil

The French Finance Ministry has deemed Facebook’s Libra digital currency too risky to be authorized for development in Europe. “All
Hong Kong Stock Exchange offers to buy London Stock Exchange for $36.6 billion

Hong Kong Stock Exchange offers to buy London Stock Exchange for $36.6 billion

Hong Kong Exchanges (HKEX) and Clearing has launched a takeover bid for London Stock Exchange Group, offering one of Europe’s
China boosts gold reserves by nearly 100 tons

China boosts gold reserves by nearly 100 tons

China’s foreign exchange reserves jumped to $3.1072 trillion despite the falling yuan and escalating trade war with the US, while
US oil market suffering as the trade war escalates

US oil market suffering as the trade war escalates

The ongoing trade war with China is impacting many industries. Market volatility is being exacerbated by President Trump’s pattern of
British pound sinks to 34-year low against US dollar

British pound sinks to 34-year low against US dollar

The pound has dropped to its lowest point since 1985, after British Prime Minister Boris Johnson vowed to call another
World’s 1st crypto banks get licenses in Switzerland

World’s 1st crypto banks get licenses in Switzerland

The Swiss financial regulator has granted capital market and securities dealer licenses to two blockchain companies, set to become the
China to slap retaliatory tariffs on $75 billion-worth of US goods, targeting soybeans, oil & cars

China to slap retaliatory tariffs on $75 billion-worth of US goods, targeting soybeans, oil & cars

Beijing has finally unveiled its response to Washington’s latest tariffs, vowing to hike levies on $75 billion-worth of US exports
U.S. Steel plans to lay off hundreds of workers in Michigan

U.S. Steel plans to lay off hundreds of workers in Michigan

United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming