Markets Biden announces $6 Trillion budget President Joe Biden today announced a new spending budget. Biden’s proposal is to spend $6 trillion next year, which would be the biggest spending from federal government since World War 2. And
Markets Bitcoin price plummets after Tesla stops accepting it as a means of payment Tesla CEO Elon Musk reported on Wednesday night that the electric vehicle company will no longer accept bitcoin as a form of payment to buy its cars due to its environmental impact. The
Markets European Investment Bank sold $ 121 million in bonds on Ethereum The European Union's investment arm, the European Investment Bank, sold € 100 million ($ 121 million) in digital securities on the Ethereum blockchain, according to a report by Bloomberg Law, citing anonymous sources. The bonds
Markets Bitcoin's last dip taught us what a free market looks like Every market has cycles. These cycles go through ups and downs and can be analyzed from different perspectives, possibly the most interesting being the binary greed / fear division. This subjective indicator became famous
Markets Americans are worried about inflation A recent survey found that more than three quarters of American consumers are concerned about inflation. The phenomenon is not surprising to market analysts, since the country's central bank acted emphatically, injecting money
Markets US government is preparing tax hikes and a new $ 3 trillion package According to the New York Times magazine, Joe Biden's economic team is preparing a new spending package of up to $ 3 trillion in a set of efforts to boost the economy, reduce carbon
Markets When companies compete for their customers Economy Minister Paulo Guedes, at an event, stated that: We are 200 million fools exploited by two contractors, four banks, an oil producer, and six gas distributors. There is no surprise as to
Markets IMF asks governments to spend "Spend as much as you can and then spend a little more," was the message given last night by the managing director of the International Monetary Fund at Russia's annual Gaidar economic forum.
Markets House approves Brexit deal UK House of Commons legislators voted in favor of implementing the partnership agreement with the European Union after the end of the Brexit transition period. There were 521 votes in favor and 73
Markets US Congress agrees to $ 900 billion aid package Republican and Democratic congressmen resolved deadlocks that made it difficult to approve a $ 900 billion aid package for people and businesses affected by the covid-19 pandemic in the United States. Among the planned
Markets European Central Bank intensifies economic stimulus The European Central Bank expects that, despite the launch of new vaccines, the economic impact of the pandemic will last until 2022. The institution, therefore, has expanded its financial aid programs to countries
Markets S&P Dow Jones to launch cryptocurrency index in 2021 S&P Dow Jones Indices recently confirmed that it will debut cryptocurrency indices in 2021. In a press release issued on Thursday, the company described Bitcoin (BTC) and other altcoins as an
Markets Vaccines are close but risks to the economy have increased The risks posed by the covid-19 pandemic in the eurozone economy have increased and are expected to continue into 2021. The European Central Bank (ECB), therefore, is considering making further adjustments to its
Markets The Central Bank of the United Kingdom is injecting another £150 billion The Bank of England said on Thursday it would buy more than £ 150 billion in government bonds in an attempt to revive an economy as the country enters a second period of restrictions
Markets Brazilian real is the worst currency in the world in 2020 When compared to the US dollar, the Brazilian currency has been showing the worst performance among global currencies in 2020, leaving many economists worried about the national economy. In addition to the global
Markets Global banks are involved in U$ 2 trillion money laundering scheme Many politicians and investors argue that cryptocurrencies are a big risk to society because they are used by criminals in tax evasion and money laundering processes, mainly due to the lack of supervision,
Markets Brazilians fear the return of abusive inflation One of the main indexes used to measure inflation in the country, the IGP-M (general price index - market), has skyrocketed in the recent months following the rise in the dollar. The country's
Markets According to state press, China may sell US Treasury bonds In a time of high tension between the two governments, China could gradually sell 20% of its U.S. Treasury bonds as a way to protect itself from tensions with the Donald Trump
Markets US's biggest crypto exchange to go public Valued at US$ 8 bi, Coinbase, the largest crypto exchange in the United States, plans to go public in late 2020 or early 2021. Such information by Reuters, if confirmed, could mean the
Markets US national debt reaches $26 trillion The US national debt reached $ 26 trillion, the highest volume in history. According to USDebtClock, a website that calculates the national debt. The number is US $ 209,415 per taxpayer, or US $ 78,
Markets OECD predicts global recession of 6% in 2020 The OECD forecasts a global recession of 6% for 2020 if the COVID-19 pandemic remains under control and 7.6% in the case of a second wave, according to the economic outlook published
Markets US employment data surprises the market, showing signs of economic recovery The United States created 2.59 million jobs in May, suggesting that the American economy has overcome the worst moment of the crisis caused by the coronavirus, according to seasonally adjusted data published
Markets G-7, IMF and World Bank to review debts and block redirection of funds to China After meeting virtually with G-7 finance ministers, US Treasury Secretary Steven Mnuchin issued a note on Wednesday, saying that the group will work in cooperation with the International Monetary Fund (IMF) and the
Markets How the riots in the US can hurt the value of the dollar? "I can't breathe," shouted George Floyd when he died as a police officer in Minneapolis knelt under his neck on May 25. Almost a week ago, Floyd's words were sung in American cities
Markets Increasing tensions between the US and China bring new concerns to the global economy The increase in tensions comes at a time when the market was showing signs of recovery. Now, in the midst of the coronavirus pandemic, the world may soon face a new geopolitical threat:
