This is the 14th U.S. presidential election in which I’ve been eligible to vote. In the middle of a pandemic, it’s certainly different from the first 13. But one way it’s similar is that people always ask me if they should change their investment strategy depending on whether the Democrats or Republicans win. My quick…
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The number of workers receiving and applying for unemployment benefits declined significantly last week, according to Labor Department figures issued Thursday. That’s good news for workers and the U.S. economy — thousands of people are returning to work and coming off unemployment rolls. But the headline numbers don’t give the full picture. Some labor-market dynamics…
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Despite the rise in digital payments, cash is still king in uncertain times — but who’s going to print it? In the United States, the task of printing money and minting coins falls to the Bureau of Engraving and Printing, which is part of the Treasury Department. But in the United Kingdom, a private company…
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Hong Kong’s Festival Walk shopping mall is working towards either a partial or full opening by March next year, after it suffered extensive damage during protests last month. “All efforts are being made to re-open the mall as soon as possible,” said the manager of Singapore-listed Mapletree North Asia Commercial Trust (MNACT) on Wednesday (Dec…
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Bitcoin has been on a tear this year, rising almost 200% since the start of the year. There are multiple theories as to why, and one in particular is gaining traction. It’s being called “the halvening”, an event where the rewards to so-called bitcoin miners are cut in half. To understand what that means, it’s important…
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