Fed creating stock market bubble by printing trillions of dollars in coronavirus relief

FED CREATING STOCK MARKET BUBBLE BY PRINTING TRILLIONS OF DOLLARS IN CORONAVIRUS RELIEF

The $3 trillion rescue plan by the US Federal Reserve to limit the economic damage from the Covid-19 pandemic is fueling excesses across...

Oil price crash sparks a wave of banking mergers in the Middle East

OIL PRICE CRASH SPARKS A WAVE OF BANKING MERGERS IN THE MIDDLE EAST

As a result of reduced demand and the fallout from the oil price war, Middle East banks are being forced to merge just to stay afloat. The...

 
 
 
Tesla becomes 10th largest US company by market value after stock breaks all-time high

TESLA BECOMES 10TH LARGEST US COMPANY BY MARKET VALUE AFTER STOCK BREAKS ALL-TIME HIGH

Shares of US electric car maker Tesla extended gains to a fresh record high on Monday, pushing the value of the company past $330 billion....

China's 5G phone shipments see ‘explosive growth,' gaining larger share of mobile phone market

CHINA'S 5G PHONE SHIPMENTS SEE ‘EXPLOSIVE GROWTH,' GAINING LARGER SHARE OF MOBILE PHONE MARKET

Shipments of 5G phones in China reached 17.51 million units last month, according to data from the China Academy of Information and...

 
 
 
Russia supplies first shipment of Arctic oil to China

RUSSIA SUPPLIES FIRST SHIPMENT OF ARCTIC OIL TO CHINA

Russian energy giant Gazprom Neft has started supplying crude from its Novy Port Arctic oil field to China. The first batch amounting...

China set to fall short on US energy purchases

CHINA SET TO FALL SHORT ON US ENERGY PURCHASES

China and the US agreed under phase-1 of the trade deal that the Asian nation would buy some $26 billion of US energy this year, but...

 
 
 
Russia starts building world's largest & most powerful nuclear icebreaker for Arctic sea voyages

RUSSIA STARTS BUILDING WORLD'S LARGEST & MOST POWERFUL NUCLEAR ICEBREAKER FOR ARCTIC SEA VOYAGES

Russia's Zvezda shipyard has begun construction of the first Leader-class nuclear icebreaker, according to Rosatom subsidiary Rosatomflot....

Over 60 percent of travelers plan to reduce trips in post-pandemic world - IATA survey

OVER 60 PERCENT OF TRAVELERS PLAN TO REDUCE TRIPS IN POST-PANDEMIC WORLD - IATA SURVEY

Most people are planning to avoid travel even after the pandemic subsides due to health risks and economic uncertainties, a recent...

 
 
 
Russia continues stockpiling gold, adding $2.7 billion to forex reserves

RUSSIA CONTINUES STOCKPILING GOLD, ADDING $2.7 BILLION TO FOREX RESERVES

Russian gold and foreign currency holdings hit almost $569 billion as of July 1, according to the latest data released by the country's...

An offer you can't refuse? Trump slaps France with 25% tariffs, but gives it 180 days to ‘rethink' taxing Apple, Google & others

AN OFFER YOU CAN'T REFUSE? TRUMP SLAPS FRANCE WITH 25% TARIFFS, BUT GIVES IT 180 DAYS TO ‘RETHINK' TAXING APPLE, GOOGLE & OTHERS

US President Donald Trump has imposed a 25 percent import duty on French goods in an effort to scuttle the country's digital services...

 
 
 
World's top grain exporter Russia keeps global supplies high despite Covid-19 pandemic

WORLD'S TOP GRAIN EXPORTER RUSSIA KEEPS GLOBAL SUPPLIES HIGH DESPITE COVID-19 PANDEMIC

Exports of Russian grain are expected to total 41.7 million tons in the current agricultural season, according to the Russian Federal...

Oil could ‘pretty easily' rebound to $150 a barrel despite crashing prices this year, analysts predict

OIL COULD ‘PRETTY EASILY' REBOUND TO $150 A BARREL DESPITE CRASHING PRICES THIS YEAR, ANALYSTS PREDICT

After having gone below zero this year due to the coronavirus pandemic and to disagreements between global oil producers, the price...

 
 
 
RT's Boom Bust explores what's wrong with the US healthcare system & how to make it work better

RT'S BOOM BUST EXPLORES WHAT'S WRONG WITH THE US HEALTHCARE SYSTEM & HOW TO MAKE IT WORK BETTER

Hundreds of primary care facilities could be set up across the United States in the midst of the Covid-19 pandemic. Boom Bust brings...

China's aviation industry takes $5-BILLION hit from coronavirus pandemic

CHINA'S AVIATION INDUSTRY TAKES $5-BILLION HIT FROM CORONAVIRUS PANDEMIC

China's Civil Aviation Administration revealed on Friday that the nation's air travel industry has lost 34.25 billion yuan in the second...

 
 
 
Can India really shut down oil supply to China?

CAN INDIA REALLY SHUT DOWN OIL SUPPLY TO CHINA?

Threats to oil shipping routes are nothing new to the oil market. It has endured Iran seizing tankers in the Strait of Hormuz, and...

Alibaba dethrones Facebook as world's sixth-most valuable company

ALIBABA DETHRONES FACEBOOK AS WORLD'S SIXTH-MOST VALUABLE COMPANY

Shares of Chinese e-commerce giant Alibaba soared over 10 percent, allowing it to overtake US social media firm Facebook by market...

 
 
 
‘India awaits you all': PM Modi says ‘doors are open' for companies across the world to invest

‘INDIA AWAITS YOU ALL': PM MODI SAYS ‘DOORS ARE OPEN' FOR COMPANIES ACROSS THE WORLD TO INVEST

India will lead the post-Covid-19 global economic revival, according to Prime Minister Narendra Modi, who was addressing the India...

Embarrassment of riches? Jeff Bezos breaks own wealth record AGAIN amid coronavirus misery

EMBARRASSMENT OF RICHES? JEFF BEZOS BREAKS OWN WEALTH RECORD AGAIN AMID CORONAVIRUS MISERY

Thanks to his company's stock market performance, Amazon founder Jeff Bezos keeps getting richer by the week. After adding another...

 
 
 
'Gold is the real bitcoin,' says asset manager after bullion price smashes decade high

'GOLD IS THE REAL BITCOIN,' SAYS ASSET MANAGER AFTER BULLION PRICE SMASHES DECADE HIGH

The traditional safe haven asset, gold, topped $1,800 this week - the highest level in more than nine years. Analysts say the yellow...

Bitcoin will reach $100,000 & destroy anyone who gets in its way - RT's Keiser Report

BITCOIN WILL REACH $100,000 & DESTROY ANYONE WHO GETS IN ITS WAY - RT'S KEISER REPORT

Hundreds of billions of dollars in US Paycheck Protection Program funds have reportedly been dispensed to companies that did not need...

 
 
 



Tesla becomes 10th largest US company by market value after stock breaks...

Tesla becomes 10th largest US company by market value after stock breaks all-time high

Shares of US electric car maker Tesla extended gains to a fresh record high on Monday, pushing the value of the company past $330 billion. Investors continue to bet that the... Read more ...

Fed creating stock market bubble by printing trillions of dollars in...

Fed creating stock market bubble by printing trillions of dollars in coronavirus relief

The $3 trillion rescue plan by the US Federal Reserve to limit the economic damage from the Covid-19 pandemic is fueling excesses across US capital markets, investors say. The... Read more ...

I tasted french fries from 8 major fast-food chains, and Shake Shack far...

I tasted french fries from 8 major fast-food chains, and Shake Shack far outshone the rest

French fries are an essential part of the fast-food experience. We taste-tested fries from the fast-food stalwarts Arby's, Dairy Queen, Five Guys, Wendy's, Chick-fil-A, Shake... Read more ...

London Hotels Report Record Low Performance for June

London Hotels Report Record Low Performance for June

Revenue per available room down -26.4 Percent to CAD64.71 Read more ...

Travellers Should 'Wear to Care' in the New Normal Says WTTC

Travellers Should 'Wear to Care' in the New Normal Says WTTC

Mandatory mask wearing will protect travellers and workers - People need to learn to live with COVID-19 until a vaccine is widely available Read more ...

The Latest: WHO urges against politicizing school reopenings

The Latest: WHO urges against politicizing school reopenings

GENEVA - The World Health Organization says decisions to reopen schools should be part of a broad strategy for the fight against COVID-19, adding: “we can't turn schools into... Read more ...

This early-stage VC says AI startup founders are more attuned than ever to...

This early-stage VC says AI startup founders are more attuned than ever to the ethical issues surrounding the tech - but he says there's one critical shortcoming that must be addressed

Skeptics raised concerns for years about the potential ethical issues with artificial intelligence. Now, amid an historic civil rights movement in the US, the issue is getting... Read more ...

New York & Co. and Fashion to Figure's parent company has filed for bankruptcy

New York & Co. and Fashion to Figure's parent company has filed for bankruptcy

RTW Retailwinds, owner of New York & Co. and Fashion to Figure, has filed for Chapter 11 bankruptcy. The retailer said it expects to close a "significant portion, if not all... Read more ...

Chatham wins auction to buy McClatchy, will seek final approval from...

Chatham wins auction to buy McClatchy, will seek final approval from bankruptcy court

Chatham Asset Management, the New Jersey hedge fund that is McClatchy Co.'s largest creditor, has won an auction to buy the bankrupt local news company. Under the proposed deal... Read more ...

Skydio raises $100 million, announces enterprise-focused drone lineup

Skydio raises $100 million, announces enterprise-focused drone lineup

Drone startup Skydio today announced it raised $100 million. Coinciding with this, it announced a new lineup of enterprise drone products. Read more ...