Wolf Richter of Wolf Street is half right: AVs will displace millions. But he is wrong when he suggests they'll be out of work.
A planned trillion-dollar initiative would send more American companies and jobs overseas, and bring more Chinese investment, more foreign workers, and more refugees here.
Last week, following years of losses as the global economy has slowed, South Korean shipping giant Hanjin declared bankruptcy. More bankruptcies are likely on the horizon.
Taking aim at the Federal Reserve's politically motivated manipulation of the U.S. economy, GOP presidential candidate Donald Trump blasted the central bank's artificially low interest rates. He also denounced the “very false economy” propped up by Fed monetary gimmicks. Democrat nominee Hillary Clinton, though, hit back immediately, saying Trump should not malign or even comment on the increasingly unpopular institution that controls America's monetary system.
Although supply-side economics produced two of the longest expansions in U.S. history, the current reliance on Keynesian economic principles — including the potential for negative interest rates — is being allowed to damage the economy.
Pressure from above and below: At the Federal Reserve’s Jackson Hole summit, central bankers sat down with street revolutionaries to give the impression there is popular support for their plans to raid the savings and investments of the middle classes worldwide.
The Federal Reserve's recent Jackson Hole conference provides another danger sign of planned economic havoc on the near horizon.
When the European Commission ruled that Apple must pay $14.5 billion to Ireland in taxes, Apple vowed to fight back because the commission is enforcing its own tax mandates, not Ireland's.
Despite historically low interest rates, a massive increase in the money supply, and persistent deficit spending, the U.S. economy is growing at a subnormal rate. What's behind it all?