A recap of the past week in 3 short headlines. 1. Choppy Week for Tech The romance that investors had been building with the tech sector since the beginning of the year hit its breaking point as investors realized how much it would cost to continue that relationship. Investors dumped tech stocks almost as hard […]
The US dollar is one of the most stable and trusted global economy currencies. It has come a long way since its inception in 1775, with its fair share of ups and downs. Today, we’re going to take a look at the timeline of the US Dollar and its developments. 1690 The British-controlled Massachusetts Bay […]
The center of monetary policy in the U.S. is the Federal Reserve System. It’s composed of a board and twelve regional banks, which each have their own boards. It has a mix of public and private elements; it can increase the amount of money in the economy, but also attempts to turn a profit. Based […]
In the mid-to-late 20th century, economists predicted that nascent economic theories would mean the death of major recessions and depressions. Governments could preemptively adjust their fiscal and monetary policy to soften or largely prevent the effects of the business cycle, which before was so capricious and severe. This prediction has proven false. Decade after decade, […]
A recap of the past week in 3 short headlines 1. Three’s a Crowd This past week was the 3rd consecutive week that the market declined. Continuing their trends from the previous week of 8/31/2020 and 9/7/2020, the S&P 500 and NASDAQ continued their decline as many investors began to feel uneasy with the current […]
A recap of the past week in 3 short headlines. 1. A Healthy Correction or a Warning Sign? After surpassing pre-pandemic record highs, the market pulled back heavily on Thursday with the S&P down 3.6%, the NASDAQ down 5%, and the Dow Jones down 2.8%. Tech was hit especially hard, after its disproportionately large increase […]
The COVID-19 pandemic has principally altered the condition of the United States economy, prompting a significant deviation from the typical amount of business activity seen in the past few years. Many companies have attempted to pivot to recent events through mergers and acquisitions — transactions where a company’s ownership changes or transfers to another business. […]
A surge of unemployment has shaken the US economy in light of COVID-19. American businesses, small and large, are experiencing record-low sales, record-high layoffs, and a six-month forecast that is anything but certain. In order to subdue the coronavirus outbreak, public health officials are telling Americans to wear a mask, avoid face-to-face contact, and shelter-in-place. […]
The US Treasury is a department of the executive branch. It is an integral part of the US economy and helps manage taxes, minting, individual payouts/corporate bailouts, and much more. Bureaus and agencies beneath the US Treasury include the IRS and US Mint, among others. The History of the Treasury The origins of the US […]