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He said a recession occurred in the 11 instances regardless of the level of unemployment. He pointed to the example of a recession in 1953 when the unemployment rate rose to just 3.1 percent, and in 1981 when the cyclical low in the unemployment rate was high at 7.2 percent. …
Read More »Monthly Archives: February 2019
Amazon advertising business stealing market share from Google
Rex Curry | Reuters Jeff Bezos, Chairman and CEO of Amazon, speaks at the George W. Bush Presidential Center’s Forum on Leadership in Dallas, Texas, U.S., April 20, 2018. Amazon’s advertising business will take market share from Google in 2019, according to new estimates by research firm eMarketer. Amazon is …
Read More »Mark Zuckerberg raises a key concern around Facebook’s Portal
Tony Avelar | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer of Facebook Inc. Even Facebook CEO Mark Zuckerberg seems to get why consumers might find its Portal creepy. In the first of a series of discussions on technology of society Zuckerberg had as part of his annual personal …
Read More »We’re about to find out why the Federal Reserve did its policy U-turn which ripped markets higher
The Fed currently allows up to $50 billion a month in proceeds from Treasurys and mortgage-backed securities to roll off, though it does not regularly hit that number. Anything beyond that would be reinvested. Since the process began the bond portfolio has shrunk by more than $400 billion. The balance …
Read More »Russia bans soldiers from using smartphones
Andrey Rudakov | Bloomberg | Getty Images A Baltic Fleet sailor takes a photograph with a smartphone during Russian Navy day at the Vistula lagoon in Baltiysk, Russia, on July 31, 2016. Russian lawmakers voted on Tuesday to ban its soldiers from using smartphones and social media to help prevent …
Read More »Huawei Founder Ren Zhengfei says he would not aid Chinese espionage
Qilai Shen | Bloomberg | Getty Images Ren Zhengfei, founder and chief executive officer of Huawei Technologies Co., left, speaks during an interview at the company’s headquarters in Shenzhen, China, on Tuesday, Jan. 15, 2019. Huawei would not help China spy on the U.S. with its devices, even if mandated …
Read More »Deutsche Bank considered restructuring Trump’s loans on default fears
Mandel Ngan | AFP | Getty Images President Donald Trump steps off Air Force One upon arrival at Andrews Air Force Base in Maryland on January 14, 2019. The president’s son, Eric Trump, called the story “complete nonsense.” “We are one of the most under-leveraged real estate companies in the …
Read More »SoftBank leads $200 million investment in Clutter
Tomohiro Ohsumi | Getty Images SoftBank Group Corp. Chairman and CEO Masayoshi Son speaks during a press conference on May 9, 2018 in Tokyo, Japan. SoftBank’s Vision Fund has poured billions of dollars into real estate technology, from its massive stake in co-working space provider WeWork to the hundreds of …
Read More »Putin confirms Tsirkon, Russian hypersonic cruise missile
ALEXANDER NEMENOV | AFP | Getty Images Russian President Vladimir Putin arrives to deliver his annual state of the nation address in Moscow on February 20, 2019. Russia has confirmed it is building a new hypersonic missile that can be launched from ships or submarines and travel at almost 2 …
Read More »Winter storm grounds more than 1,000 US flights, airlines waive fees
John Moore | Getty Images Ground crew members remove a baby stroller from a cancelled flight due to a snow storm at the Newark Liberty International Airport on November 15, 2018 in Newark, New Jersey. Airlines canceled more than 1,000 flights on Wednesday as a mix of snow, sleet and …
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