Berkshire Hathaway, owned by Warren Buffet, announced on Friday that it had sold nearly 18% of its Delta Air Lines stake and 4% of its Southwest Airlines holdings. It is assumed that the purpose of th...
Compounding can be referred to as the process whereby an asset’s earnings, generated from other capital interests, are reinvested to generate more interest or gains over time. Basically, your invest...
Earlier this month, United Technologies Corp. (NYSE: UTX) announced that its board of directors had agreed to spinoff Carriers and Otis. With immediate effect, the company’s board of directors decla...
With China on the verge of reopening the coronavirus hotspot city of Wuhan, Covid-19 infection cases continue to surge globally. As of Wednesday, the number of confirmed global cases is 510,000 and mo...
Like all other sectors of the economy, the housing sector continues to weaken as coronavirus threats continue to increase. The US homebuilding experienced a sharp drop in February following a decline ...
Quantitative easing (QE) is an economic strategy—monetary policy, wherein, the central bank deliberately buys financial assets or government bonds in large amounts to pump money directly into the ec...
The International Monetary Fund (IMF) has recently announced that it would launch its $1 trillion lending capacity as a strategy to help developed and developing countries fight against the coronaviru...
FactsThe Great Depression started in September 1929 and it lasted till the 1930s. It was also the worst economic decline of the 20th century.The effect of the wake of the 1929 economic decline resulte...
As the stock markets continue to plunge, the net worth of top global billionaires continues to decrease. Together, the top 10 global billionaires have lost a total of $83 billion within the past week ...
Time Period: December 2007 - June 2009Duration: 18 monthsGlobal GDP: -5.1%Global Unemployment Rate: 10%Similar Instance: The 1930s Great DepressionThe Great Recession was an economic decline era which...