The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

Biden's tax plan could cost biggest US banks $7B per year

How the press treats Biden vs. Trump Fox Nation host Kat Timpf, First Trust chief economist Brian Wesbury and Democratic strategist Jessica Tarlov on presidential candidate Joe Biden’s comments on coronavirus economic recovery. Democratic presidential candidate Joe Biden's plan to hike taxes on corporations could cost the nation's biggest banks billions each year. Continue Reading Below That's according to a […]

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Wall Street dreams of Goop IPO tied to ‘aspirational lifestyle’ SPAC filing

In addition to vagina-scented candles and 18-karat gold dumbbells, Goop aficionados may soon be able to buy stock in the health and wellness retailer founded by Gwyneth Paltrow. At least that’s the chatter around Wall Street after a monied investor launched plans for a new blank-check company focused on investing in an “aspirational lifestyle” company. Ravi Thakran, a private equity […]

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World's most stable currency shields Taiwan's vital exports

TAIPEI (BLOOMBERG) – As countries around the world struggle to shelter their economies from the effects of the coronavirus pandemic, Taiwan is seeing the opposite. Its economy is projected to grow 1 per cent this year, according to a Bloomberg survey of economist estimates, second only to China’s 2 per cent among major economies. Taiwan has benefited from companies shifting […]

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What the 2019 Census income, poverty numbers tell us about Biden vs. Trump and 2021

US economy adds 1.4M jobs in August FOX Business’ Cheryl Casone breaks down the August jobs report. On Tuesday the Census Bureau released its latest official statistics on how families are doing economically and financially. The numbers from 2019 blew the roof off the building. Continue Reading Below Poverty rates fell to the lowest level — ever recorded. Median household incomes rose […]

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‘Recovery not yet entrenched, may be gradual’

RBI Governor Das says upticks seen in some sectors appear to be levelling off, cites rising COVID-19 infections as challenge Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said while there were some signs of ‘stabilisation’ in the pandemic-hit economy, a recovery was yet to take firm root and would probably take longer to gain momentum. Observing that […]

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How much does it cost to refinance a student loan?

Think refinancing your student loans will cost big bucks? Think again. (iStock) Refinancing your student loans can be a good way to reduce your interest rate, lower your monthly payment, pay off your student debt quicker and save cash in the long run — but how much does it cost to refinance a student loan? Is it worth it? Well, here's […]

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US median income soared to record high in 2019 as poverty fell

Coronavirus will push 50M people into ‘extreme poverty’: World Bank president World Bank President David Malpass addresses the financial impact of coronavirus on global income and debt. Income for U.S. households rose sharply last year, and the number of people living in poverty declined, indicating that many Americans' finances were on the upswing before the coronavirus pandemic derailed the nation's economy. Continue Reading […]

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Biden's energy plan could wipe out 5M blue-collar jobs

How will Biden’s plans for fracking impact jobs? WSJ editorial page assistant editor James Freeman discusses Joe Biden ‘flip-flopping’ on his stance on fracking. Democratic presidential nominee Joe Biden just can't get his story straight on his green energy promises. Continue Reading Below In Pittsburgh, in front of union workers last month, he declared: "I am not banning fracking. Let me […]

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Coronavirus restrictions threaten Asia economic recovery in 2021: ADB

MANILA (AFP) – Coronavirus-ravaged economies across the Asia Pacific will make a “swoosh-shaped” recovery next year, the Asian Development Bank forecast on Tuesday (Sept 15), but it warned that further restrictions to combat the contagion could derail the region’s return to growth. Developing Asia – stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia – is […]

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