The US may expect an economic boom after the end of the pandemic, says Jamie Dimon, head of JPMorgan Chase. He said this in his annual letter to shareholders published on the company's website. "I have little doubt that with excess savings, funds from the new stimulus, huge deficit spending,...

Available data from digital currency manager Coinshares showed this week that during the first quarter of the current year, there was a record inflow of money into funds dealing in crypto currencies and other related products at $4.5 billion.   According to analysts, this is clear indication...

On 5 April, the S&P 500 and Dow Jones US stock indices hit new all-time highs, with the S&P 500 up 1.4% to 4,077 points and the Dow Jones up 1.2% to 33,559 points. Another index, NASDAQ, also rose 1.4% to 13,664 points. The indices growth was caused by several economic reports with good results for...

The plans of the Bank of Japan to launch its own digital currency was kick started on Monday with the central bank starting to hold experiments to examine and understand whether it would be feasible to issue such crypto currencies.   With this move the Bank of Japan joins the ranks of other...

China was lending to developing countries on secret terms that put other lenders at a disadvantage and gave China an advantage. The Financial Times reports this, citing an expert report. Such an approach threatens to undermine efforts to reduce the debt of low-income nations, experts say. The...

At the end of the quarter, the drop was the largest since Q4 2016. April gold futures on COMEX rose $29.90, or 1.8%, to $1,713.90 an ounce. Futures fell almost 1.7% on Tuesday, to their lowest level since March 8. June gold futures rose $29.60, or 1.8 per cent, to $1,716.60 an ounce. Gold...

World trade is recovering faster than previously expected - after falling by 5.3% in 2020, physical growth could reach 8% this year, according to an updated World Trade Organization (WTO) forecast. The volume of world trade this year will increase by 8% after a decline of 5.3% in 2020 - this is the...

The reason cited for the plea is the “long overdue” of modernisation. In response to the economy revamp proposal of the U.S. President Biden, aviation companies from across the globe have “made a plea” for “funding under a roughly $2 trillion” infrastructure package. The reason cited for the plea...

IHS predicts that as much as “1.3 million global light vehicles” production could suffer. HIS Markit, a data firm, reported that the global auto industry is a victim of “ongoing chip shortage” worsened by a recent fire incident “at a Japanese semiconductor factory” besides the “severe weather” seen...