Chances of Recession Is Getting Higher

Chances of Recession Is Getting Higher
June 27, 2019

The US economy has high chances of plunging into recession and suffering “total organ failure” in a year, in keeping with Russell Investments. There’s a 32% chance of a US recession in 12 months, up from 20% three years ago, following the asset manager’s Business Cycle Index model. The possibility of a contraction has now passed its warning threshold and should be taken seriously, the report mentioned. The higher threat…

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Dave- The Mobile Personal Finance Application

Dave- The Mobile Personal Finance Application
June 27, 2019

Dave, the mobile personal finance application that helps individuals avoid overdraft charges, is moving into the banking market, announcing the launch of Dave Banking. It is the latest challenger bank to launch in the United States following on the heels of Monzo of the U.K. last week. Focused on the younger generations, Dave Banking helps prospects construct their credit by automatically reporting everyday funds, including hire and utility bills. The…

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Chicken Industry Is On the Target of US Government

Chicken Industry Is On the Target of US Government
June 26, 2019

The United States government, as part of an investigation into the chicken industry, is trying to intervene in a price-fixing lawsuit brought towards the country’s biggest poultry producers. The Justice Department had notified Tyson (TSN) in April that it convened a grand jury and subpoenaed the corporate to offer proof. On Friday, department lawyers requested a judge to halt evidence collection in the lawsuit for six months to ensure the…

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Iran- There Is No Reduction in Oil Export

Iran- There Is No Reduction in Oil Export
June 25, 2019

Iranian Oil Minister Bijan is denying social media reports which have depicted Iran’s oil exports as declining within the face of US sanctions, however, didn’t provide alternate figures, according to Tehran Times, who cited IRIB. In late May, media reported that Iran’s exports had been down month on month, more than 2 million barrels per day off their April 2018 peak of 2.5 million barrels per day. On time, Reuters…

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Chinese Government Says No to Trade War

Chinese Government Says No to Trade War
June 24, 2019

The United States tries to justify its trade war by claiming that the Chinese government practices “state capitalism” and improperly intervenes to support state-owned enterprises (SOEs) on the expense of the free market. However, any economy, be it socialist or capitalist, wants authority’s regulation, and it’s misleading to decry China’s model just because its authorities perform its function. Even within the US, a self-proclaimed champion of free markets, the government…

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Walmart Is Popping Towards Robots

Walmart Is Popping Towards Robots
June 20, 2019

Walmart Inc. came to dominate retailing via its mastery of logistics—the problematic choreography of getting items from farm or factory to the buyer. However, even the world’s most fabulous store doesn’t make money selling its wares online within the U.S., mainly due to runaway delivery prices. So Walmart is popping towards robots. Earlier this month, Walmart’s United States chief Greg Foran led reporters to a curbside package pickup kiosk outside…

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