As we have long forecast, the 20th Century was the century of the United States but the 21st Century will be the Chinese century.
Tag: Wall Street
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WALL STREET JUMPS INTO THE BETTING INDUSTRY
With betting now legal on everything from sports events to whether it will rain in Tulsa on Tuesday, Wall Street wants in.
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MORE AMERICANS ARE TURNING TO CROWDFUNDING SITES TO PAY FOR EVERYDAY ITEMS
More Americans who are struggling financially have turned to crowdfunding websites like GoFundMe to pay for everyday items as the country continues to see a widening disconnect between Wall Street and Main Street.
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MORE AMERICAN HOUSEHOLDS ARE LIVING PAYCHECK TO PAYCHECK
The Bank of America Institute released a report last week that found nearly 24 percent of households in the U.S. are considered to be living paycheck to paycheck, or homes that spend 95 percent of their income on essentials, like childcare and groceries.
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NO CORRELATION BETWEEN WALL STREET, MAIN STREET: AMERICANS LIVE PAYCHECK TO PAYCHECK
A newly released report found that 48 percent of employed Americans spend half their paycheck within 48 hours of receiving their checks, showcasing just how financially strapped many in the country are, even while stocks are trading near all-time highs.
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SPOTLIGHT ON TRUMP
Following Donald Trump’s presidential victory, from Wall Street to Main Street, the polls are showing that there are high expectations for a more positive economic future.
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U.S. GDP GREW 2.8 PERCENT IN OCTOBER
The U.S. economy expanded by 2.8 percent in July through September as consumer spending remained strong and exports surged, the Commerce Department said.
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STOCK TRADERS SHRUG OFF TRUMP’S TARIFF THREATS
Equity markets seem to be taking Donald Trump’s threats of expansive new global tariffs in stride.
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WALL STREET’S TOP BANKERS ARE BAILING OUT OF BANK STOCKS
James Gorman, Morgan Stanley’s CEO for the past 12 years, has sold $48 million worth of his hoard of Morgan stock so far this year, bringing the total he has cashed in to $78 million. Ted Pick, who will take over for Gorman in January, has sold $30 million worth of his shares, according to the Financial Times.