Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of. Then he lost it all in two days. Bloomberg reports: Starting in 2013, he parlayed more... Read more »
Despite the events of the past year, 2021 is an ideal time to start a business, as the pandemic has caused people to flock to the online sphere. A study by The Pew... Read more »
The record-long U.S. economic expansion is over after almost 11 years, with what’s likely to be the deepest recession in at least eight decades now under way. The world's largest economy shrank... Read more »
The coronavirus pandemic will turn global economic growth “sharply negative” this year, the head of the International Monetary Fund (IMF) has warned. Kristalina Georgieva said the world faced the worst economic crisis... Read more »
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero on Sunday and launched a... Read more »
Google parent-company Alphabet has hit $1 trillion in market capitalization, making it the fourth U.S. company to hit the milestone. CNBC reports: Apple was the first to hit the market cap milestone in 2018.... Read more »
As of December, the U.S. economy has expanded for a record 126 straight months, the longest time period in the country’s history according to the National Bureau of Economic Research. Put another... Read more »
American factories demand white-collar education for blue-collar work. New manufacturing jobs that require more advanced skills are driving up the education level of factory workers who in past generations could get by... Read more »
Amazon.com is preparing to open Amazon Go supermarkets and pop-up stores, an expansion of the company's cashierless ambitions that includes the possibility of licensing the technology to other retailers. Bloomberg reports: The new... Read more »
There’s plenty of anecdotal evidence that America’s workers are being left behind. But now a group of researchers and economists have identified a key part of the problem — the kinds of jobs... Read more »
