Business

October 31, 2020
Russia adds $4.5 BILLION to foreign exchange reserves in 1 week

Russian gold & foreign currency reserves have increased to $589.8 billion, according to the latest data released by the central bank. The international funds grew by $4.5 billion, or about...

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October 31, 2020
China’s Xiaomi overtakes Apple as world’s third-largest smartphone maker

With the smartphone market starting to recover from the coronavirus crisis, Chinese producer Xiaomi has made history by beating the iconic Apple iPhone at its own game. Xiaomi has claimed...

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October 31, 2020
Pandemic-related travel disruptions wipe out $730 BILLION in global tourism revenue – UN

The number of international arrivals plunged by 70 percent for the first eight months of 2020 compared to a year earlier, amid the collapse in travel caused by the pandemic,...

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October 30, 2020
S. Carolina tribe gives casino plan to N. Carolina governor

North Carolina Gov. Roy Cooper's administration has received a proposal from a South Carolina-based Native American tribe on how it would like to operate a casino in Cleveland County. Cooper...

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October 30, 2020
Alibaba’s Singapore-based e-commerce firm Lazada suffers massive data hack of 1.1 million accounts

E-commerce firm Lazada has announced that a major security breach has resulted in 1.1 million people's personal information including addresses and partial credit card numbers being compromised. The Alibaba-owned company...

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October 30, 2020
CDC lifts cruise ban, says companies can restart once they prove COVID-19 protocols work

The US Centers for Disease Control and Prevention set the stage for the return of U.S. cruising with the release Friday of a detailed series of requirements that could put...

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October 30, 2020
It’s time to buy emerging markets & gold, says legendary investor Mark Mobius

While the global economy is trying to stay afloat amid the Covid-19 pandemic, investors should look to emerging markets like Russia and India, as well as at physical gold. That's...

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October 30, 2020
Governments’ Covid-19 reaction to close economies worse than pandemic itself – Jim Rogers

While the coronavirus outbreak triggered the deepest crisis in decades, “overreacting” politicians have only exacerbated the situation, legendary investor Jim Rogers has told an international forum hosted by Russia. “This...

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October 30, 2020
US economic rebound using ‘helicopter money’ not viable, strategist tells Boom Bust

The US saw the strongest quarterly growth between July and September, when the economy grew at an annualized rate of over 33 percent. It comes after the Covid-19 outbreak caused...

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October 30, 2020
US headed for dollar & sovereign debt crisis on scale never experienced – Peter Schiff

The US Federal Reserve has never been right in its policies and has set up the American economy for an even bigger crisis, said economist Peter Schiff at the Virtual...

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October 30, 2020
Kentucky pharmacy owner guilty of federal charge

A Kentucky pharmacy owner has pleaded guilty to a federal charge of distributing a prescription drug without a license. Jeremy Delk owns Tailor Made Compounding LLC in Nicholasville, a compounding...

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October 30, 2020
The Latest: Coronavirus deaths in Hungary hit all-time high

BUDAPEST, Hungary— The number of coronavirus-related deaths in Hungary rose to an all-time high on Friday, prompting the government to tighten oversight over compliance with regulations to stem the spread...

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October 30, 2020
Chinese yuan beats Asian peers with biggest weekly gains

The yuan has continued to strengthen against the US dollar at the end of the week, rising most of all currencies in the Asia region, amid the strong recovery of...

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October 30, 2020
A decade late, billions over budget & at the worst possible time: Berlin’s new airport finally opens

Fourteen years in the making, nine years behind schedule, and more than €6 billion over budget, Berlin's much-delayed Brandenburg Airport will finally welcome passengers on Saturday in the middle of...

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October 30, 2020
Thursday’s Sports in Brief

COLLEGE FOOTBALL Clemson quarterback Trevor Lawrence has tested positive for COVID-19, putting into doubt whether the face of college football will be available to play the top-ranked Tigers' biggest game...

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October 29, 2020
Russian economy doing better than most countries amid pandemic – Putin

The economic decline in Russia due to the Covid-19-related crisis will be around four percent this year, which is less than in other countries, Russian President Vladimir Putin said at...

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October 29, 2020
Oil prices hit 4-month low over fear new coronavirus lockdowns will crush demand

Crude prices fell for the second straight session, plunging by nearly four percent on Wednesday as rapidly rising numbers of Covid-19 infections worldwide spur oversupply concerns. Futures for international benchmark...

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October 29, 2020
US economy may face unprecedented crash without another massive injection, Professor Wolff tells Boom Bust

The US economy is currently crippled by two simultaneous crises – rising Covid infections and an economic crash that happens every several years – Professor Richard Wolff told RT's Boom...

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October 29, 2020
China coming out of Covid-19 crisis intact, like America emerged after World War II – entrepreneur tells Keiser Report

Max Keiser talks to entrepreneur Dan Collins, who is back in the United States after 20 years in China. They discuss Washington's ongoing trade war with Beijing. Max says it...

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October 29, 2020
Washington may allow China’s Huawei to receive vital chip supplies for its non-5G business – report

The US could be easing its draconian sanctions against Huawei by letting more chip suppliers ship components to the Chinese tech company – as long as they are not used...

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October 29, 2020
India inks trade deals with Britain to broaden bilateral investment

The UK and India have announced agreements on financial services, infrastructure, and sustainable finance at the 10th Economic and Financial Dialogue (EFD) between the two countries. The agreements are expected...

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October 29, 2020
Russia’s crude oil exports drop 8% in January-August

Russia's crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local cargo analytics outlet SeaNews....

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October 29, 2020
Cleveland’s teams push for meaningful wins, lasting change

The Indians, Browns and Cavaliers are used to being judged by their win-loss records. These days they're eyeing more meaningful victories. The city's professional sports franchises, which partnered in a...

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October 28, 2020
Red coating contaminates SpaceX rockets, delays crew launch

SpaceX's second astronaut flight is off until mid-November because red lacquer dripped into tiny vent holes in two rocket engines that now must be replaced. SpaceX and NASA officials announced...

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October 28, 2020
How major US stock indexes fared Wednesday

The S&P 500 had its worst day since June and the Dow Jones Industrial Average sank more than 900 points Wednesday as surging coronavirus cases in the U.S. and Europe...

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October 28, 2020
How major US stock indexes fared Wednesday

The S&P 500 had its worst day since June and the Dow Jones Industrial Average sank more than 900 points Wednesday as surging coronavirus cases in the U.S. and Europe...

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October 28, 2020
Visa 4Q profits plunge, as pandemic slows payments worldwide

Visa Inc. said Wednesday that its fiscal fourth quarter profits dropped 29% due to fewer dollars crossing on its namesake payment network while the world was in the grips of...

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October 28, 2020
Visa 4Q profits plunge, as pandemic slows payments worldwide

Visa Inc. said Wednesday that its fiscal fourth quarter profits dropped 29% due to fewer dollars crossing on its namesake payment network while the world was in the grips of...

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October 28, 2020
The Latest: Germany’s Bundesliga to exclude fans again

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ The Bundesliga will have to play without fans again after the tentative return of spectators...

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October 28, 2020
60 charged in $300M phone scam targeting elderly victims

Sixty people have been charged in a widespread magazine telemarketing scam that authorities say netted $300 million from more than 150,000 elderly and vulnerable people nationwide, the U.S. attorney's office...

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October 28, 2020
Dow down 943 points, stock markets crash on fear of more lockdowns as global number of Covid-19 cases grows

Global stocks dropped sharply on Wednesday amid investor fears that rising coronavirus numbers in the United States and Europe could halt economic recovery. The Dow Jones Industrial Average dropped over...

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October 28, 2020
Dow down 943 points, stock markets crash on fear of more lockdowns as global number of Covid-19 cases grows

Global stocks dropped sharply on Wednesday amid investor fears that rising coronavirus numbers in the United States and Europe could halt economic recovery. The Dow Jones Industrial Average dropped over...

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October 28, 2020
Dow down 943 points, stock markets crash on fear of more lockdowns as global number of Covid-19 cases grows

Global stocks dropped sharply on Wednesday amid investor fears that rising coronavirus numbers in the United States and Europe could halt economic recovery. The Dow Jones Industrial Average dropped over...

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October 28, 2020
Americans may not get more stimulus checks until Valentine’s Day, former Fed insider tells Boom Bust

While hopes that a new coronavirus stimulus deal will be adopted before the election are fading, there is a possibility that Americans won't see paychecks for months from now, ex-Fed...

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October 28, 2020
Boeing losses continue to mount amid Covid-19 crisis & 737 MAX fiasco

US plane maker Boeing reported its fourth straight quarterly loss on Wednesday as the coronavirus pandemic and the grounding of the troubled 737 MAX hurt the company's sales. Free cash...

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October 28, 2020
Boeing losses continue to mount amid Covid-19 crisis & 737 MAX fiasco

US plane maker Boeing reported its fourth straight quarterly loss on Wednesday as the coronavirus pandemic and the grounding of the troubled 737 MAX hurt the company's sales. Free cash...

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October 28, 2020
Indian economy roars back to life following coronavirus blow

Asia's third-largest economy, India, accelerated its recovery in September thanks to stabilizing consumer demand and activity in the manufacturing sector, which returned to pre-crisis levels. Five of the eight high-frequency...

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October 28, 2020
China looks to Mongolia for coking coal after banning Australian imports

China received more metallurgical coal from neighboring Mongolia in September than from its once-key supplier Australia, amid escalating tensions between Beijing and Canberra. Coal exports from Mongolia, which borders China...

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October 28, 2020
Fed creating money out of thin air will lead to collapse of US dollar – Peter Schiff

A selloff and political dynamics are driving the stock markets right now, according to veteran stockbroker Peter Schiff. He explores why the markets and the economy are so dependent on,...

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October 28, 2020
Browns, Bills, Bears pile up wins despite being outscored

Cleveland, Buffalo and Chicago have piled up wins early this season, even if they haven't come in dominating fashion. Those three teams are all 5-2 after seven games despite being...

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