Payless Shoes to close all of its remaining 2,100 US stores
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R...
Category Archives: Economy & Money
US investor & top partners of Baring Vostok equity fund detained in Moscow
A Moscow district court has ordered the detention of the founder and senior partner of Baring Vostok private...
Record Number of Americans Fall Behind on Car Payments
Soaring car-loan debt in the US is a disturbing sign for the economy, showing that the middle class...
US national debt tops $22 trillion
The US national debt has climbed above $22 trillion. It is projected to continue rising by a trillion each year over the next decade, due...
Italy wants to sell national gold reserves to avoid next year’s tax hike
The Italian government is considering selling the country’s gold holdings in an attempt to avoid an increase in...
China on gold-buying spree amid global push to end US dollar dominance
Beijing has joined the global gold rush, increasing its gold reserves for two months in a row to...
Moody’s lifts Russia’s (Ruble) rating to investment grade
The Russian ruble has been gaining ground on the US dollar and the euro after global credit rating agency Moody’s upgraded Russia’s sovereign rating to...
Bitcoin Price Still Trading Flat While Litecoin Hits 7-Month High
Bitcoin (BTC), which continues to languish near seven-week lows, is being outshone by a surge in litecoin prices....
Chicago will start giving one thousand families $1000 a month…
Some Chicago families could start collecting a $1,000 check every month with no strings attached. That's the new...
Are Russia, China & Turkey bringing back the gold standard?
Global central banks bought more bullion last year than at any time since 1971, when the US ended...
190 Million of Crypto funds ‘inaccessible’ after password holder dies
Embattled Canadian crypto exchange QuadrigaCX, already embroiled in a variety of previous legal cases, claims that it no longer has access to roughly $190 million...
Global outages boost oil prices
Oil prices are on track for strong gains this week, and the price increases are not only the...
GM To Start Laying Off 4,250 Employees From Feb 4th
General Motors will start laying off approximately 4250 salaried employees from Monday morning (Feb 4th). The Detroit News...
Venezuela to sell gold reserves to UAE without Russia’s help
Caracas plans to sell 29 tons of gold to the United Arab Emirates in return for euro in cash, Reuters cites a senior government official...
U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit
The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening...
Bitcoin investors switching from virtual coins to paper gold
The plunge of cryptocurrencies has forced investors to seek other safe havens in traditional commodities, like precious metals....
Venezuela devalues currency to align it with black market
Venezuela has devalued the bolivar, in an attempt to align the currency’s value with the country’s black market, AFP reported. Amid hyperinflation, many Venezuelans rely...
Maduro Denied in Bid to Pull $1.2 Billion in Gold From Bank of England
Nicolas Maduro’s embattled Venezuelan regime, desperate to hold onto the dwindling cash pile it has abroad, was stymied...
All Chinese money into Silicon Valley stops after Huawei ban
Beijing may cut off all investment to Silicon Valley over Western pressure on China-based Huawei, the former deputy...
Let’s replace US dollar with Russian gold, Moscow exchange chief suggests
Russian gold could become the perfect alternative to conservative investments in the greenback, the CEO of Russia’s key...
Richest 26 people own same amount of wealth as poorest half of the world
The gap between the super-rich and the rest of the world has never been wider, with 26 people now owning the same amount of wealth...
JPMorgan raises boss Dimon’s pay to $31 million, topping pre-crisis record
Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for...
Bill to ABOLISH IRS & Fed Reserve Enters Congress
Two interesting pieces of legislation is headed for the new session of Congress. The first bill is a...
Texas man pleads guilty to running bitcoin Ponzi scheme
A Texas man has pleaded guilty to running a bitcoin Ponzi scheme, in what has been described as the first securities fraud case surrounding the...