Financial News

Why the Chinese economy is considered the largest

The Chinese economy escalated the last few decades. It holds the reputation of being the second largest economy in the world by nominal GDP and the largest economy according to the International Monetary Fund (IMF) by its purchasing power parity (PPP). This is due to the governments full on support for economic activity. When it…
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Creeping Gas Prices may Shock Consumers Next Year

2016 proves to be a good year for constant drivers, gasoline prices have been relatively cheap this year but it is slowly creeping up and consumer are advised to expect a price hike by mid-2017. Prices are expected to climb back up this year, not only because of higher oil prices but also because of…
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Bitcoin above the $800 Mark

The digital currency, bitcoin, has passed the $800 for the first time since February this year. Bitcoin crossed surpassed the record high levels around 11:40 and was last seen trading around $815. Chief executive and founder of the digital currency website Crypto Compare, characterized the movement of the bitcoin as the start of breaking the…
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Nike earns 50 cents per Share

Nike shares omitted most of their after trading gains in yesterday’s market, after it performed better that expected. Nike’s Sales and earnings results initially were 5 percent higher. The drawback happened after Nike’s management said that the company’s futures order were up by 2 percent on a constant currency basis, which includes a 4 percent…
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Tax Proposals, Leads to Charitable Giving

Donald Trump’s new tax plan has a long way to go before it will be passed by the congress, although it is taking a while for it to be approved, a lot of wealthy Americans are planning to invest more and give it to charity. The President-elect’s are now proposals are coming into view and…
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Dow inches to 20,000, indicators signals investors to Sell

A strategist said that the market is starting to raise the flag to sell futures as the Dow Jones Industrial Average inches toward the 20,000 level. Katie Stockton, The Chief technical strategist at BTIG stated that although there is a widespread of bullish actions, investors should proceed with cautions in making short term decisions. She…
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Super Mario is Set to Bump Mushrooms on Apple’s iOS

The price of Bitcoin is expected to dramatically rise in the coming year, as it is driven by the expectations that the new U.S. President will introduce new policies that will stimulate the economy. During his campaign period, Donald Trump, has talked about increasing fiscal spending more than once. With that Saxo Bank’s note stated…
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From the Wrestling Ring to the Oval Office

The new president of the United States, Donald Trump has appointed co-found of pro wrestling company WWE, Linda McMahon to lead the Small Business Administration. McMahon was a strong Trump supporter and has even helped Trump during his campaign giving the then candidate $6 million for his campaign. The Small Business Administration (SBA) helps in…
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Social Media went wild for Rumors regarding the Chinese Yuan’s Drop

China’s currency dropped sharply in Tuesday’s overnight trade. Citizens were on fire with the rumors of the Yuan’s drop. Currency analysts showed that Yuan slipped, while the dollar gained as much as 7.49 in the overnight trade. According to data, onshore currency would have been an 8.8 percent move towards the green market for the…
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Gender gap in Asia Slowly Closing

The Philippines and New Zealand are two countries that are leading the cause in Asia-Pacific trying to promote gender equality more, while the rest of the region has a lot of catching up to their progress in improving the status. Other countries like India are still struggling to improve, its rates of female health, even…
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