Alberta, Canada's oil heartland, may seek compensation from the United States after newly inaugurated President Joe Biden moved to nix the Keystone XL Pipeline, Bloomberg said on Thursday. Alberta spent $1.2 billion on the project so far, and may look to the North American Free Trade Agreement (NAFTA) to help it recoup some of those...
US Treasury Secretary Janet Yellen, central bankers and financial regulators essentially declared victory over a populist investor uprising, agreeing that markets proved “resilient” through a trading rally that is now being tamed. And lest amateur traders think they can take another run at the Wall Street establishment, Yellen and friends agreed on Thursday that the...
Two days after Elon Musk's self-proclaimed break from Twitter, the eccentric billionaire took to the microblogging platform to set off another crypto craze that evoked an unprecedented surge for dogecoin cryptocurrency. Dogecoin (DOGE), the meme-based cryptocurrency that was initially started as a joke, soared 44 percent after several tweets posted by Musk. The token was...
As US Treasury Secretary Janet Yellen is meeting officials to discuss the GameStop saga, Boom Bust explores why such Reddit activity is deemed to be wrong when hedge funds have been doing it forever. “I don't think this is wrong at all. I got ‘diamond hands,' just like all the Reddit people out there on...
The hosts of RT's Keiser Report, Max and Stacy, look at the ‘revolt of the public' as ordinary "schmucks" learn Wall Street tricks that deliver an advantage over the rest of the market. The Reddit crowd knows that the US Federal Reserve can only print money to keep the American economy Ponzi scheme going, says...
The US' biggest carrier, American Airlines, said nearly 13,000 employees could be furloughed after the second round of federal payroll aid for airline workers ends on April 1, if lockdowns keep planes grounded. “We are nearly five weeks into 2021, and unfortunately, we find ourselves in a situation similar to much of 2020,” American Airlines'...
The Indian government's efforts to privatize state-owned companies provide a “great opportunity” for the country to become a $5 trillion economy, a top Indian business leader told CNBC. This week the country's Finance Ministry announced that the government has a disinvestment target of 1.75 trillion rupees (about $24 billion) for the next fiscal year, which...
