The number of Americans that applied for employment benefits heightened at an unprecedented rate for the second week. The increase in the rate of unemployment shows that the expected labor market recovery is slowing down against expectations. The previous numbers of people who regularly claimed unemployment benefit reduced by 60,000 to 1.48 million last week Read More…
US New home sales hit an unprecedented record last May. The Coronavirus epidemic brought the market to a standstill. However, the aftermath of low mortgage rates it created got many buyers rushing back into the housing market. The sale of single-family houses rose by 16.6%, making the second-biggest number of sales recorded in a month Read More…
ECommerce stock prices soar high, thanks to Coronavirus and social distancing. The contemporary wave of online shopping has seen an interesting new dimension to the COVID-19 Crisis. While traditional shopping gets limited due to lockdown measures, online shopping has become more dynamic. People who previously wouldn’t purchase things online are now compelled by the present situation to start looking online. Read More…
Technically, de-urbanization would further slow down economic growth. Unlike developed nations, the continuous movement of individuals from rural regions to expanding city areas has become vital to reduce poverty in developing countries. That said, there is a need for better economic policies to ensure financial stability for cosmopolitan cities that may have long-term consequences. Responses Read More…
Blockchain-based digital currencies could revolutionize the financial industry. Cryptocurrencies like bitcoin reverse the traditional modes of transactions between individuals and organizations. If adopted as an alternative to fiat, they can reduce transaction costs and eliminate the need for intermediaries. This will in turn minimize counterparty risks and stabilize the price. A digital fiat like the Read More…
Coronavirus lockdowns might be slowly easing around the world, but the current economic and social anxiety won’t disappear anytime sooner. In fact, financial analysts claim that this economic anxiety can intensify if companies don’t adapt to new changes to usher a new era of capitalism. Although the global economy, including the US, is facing a Read More…
