Finance and Economy
Stocks dropped on Friday – the Dow Jones Industrial Average (DJIA) tumbled 503.53 points while the technology Nasdaq Composite fell almost 3%. Oil prices, meanwhile, jumped with energy stocks like Exxon Mobil and ConocoPhillips gained more than 2%. Defence stocks such as Northrop Grumman and Lockheed Martin jumped 4.5% and 2.8% respectively. But shares of travel […]
... written on Feb 13 2022About 2 years since a trade deal between the United States and China – called “Phase One” – went into effect on 14 February 2020, the deal appears to be nothing but a promise meant to be broken. From the start, the deal was doomed to fail simply because it lacks sincerity, not to mention […]
... written on Feb 10 2022In August last year, many cheered when the Taliban took over the Afghan capital, Kabul. From China to Pakistan and from Russia to Malaysia, people were celebrating the collapse of the U.S.-backed Afghan government. But there were different reasons for celebration. Beijing celebrated because its bitter rival – military superpower America – had been humiliated […]
... written on Feb 08 2022Mark Zuckerberg thought a rebranding of Facebook to Meta last year as part of its business strategy to becoming a virtual-reality based company, instead of a company tainted with multiple data privacy scandals, could revitalize the social media company. Instead, the company lost a mind-boggling US$251.3 billion in market value in just one day on […]
... written on Feb 04 2022Have you been planning on buying a car, or going on a nice vacation, or perhaps organizing the most beautiful wedding or another important event? If you want to do any of those things, then I guess congratulations are in order, because those are really some important milestones in your life. The only question is […]
... written on Jan 31 2022While the Federal Reserve is expected to signal that a rate hike will happen as soon as March – with more tightening policies to fight inflation – the stock market volatility will likely continue. In fact, the stocks sell-off is not over yet, judging by other factors on the table like the geopolitical tensions in […]
... written on Jan 26 2022As Covid-19 pandemic enters its third year, people are increasingly getting pessimistic about what’s in store in the year 2022. In the first year of the outbreak (2020), most thought the Coronavirus would be a temporary hiccup. When vaccines were developed – and rushed to the market – people thought the worst would be over […]
... written on Jan 21 2022It is quite normal for people to rush into making certain financial choices when they are in a situation that requires them to act quickly. Yet, in addition to acting quickly, you always have to act responsibly as well when it comes to finances, which is why rushing into anything at all is not a […]
... written on Jan 20 2022Dozens of Ukrainian government websites, including the ministry of defence, were hit with a coordinated massive cyberattack on Friday (Jan 14). Hackers, suspected to be Russians, then left a message on the foreign ministry website – “Ukrainians! … All information about you has become public. Be afraid and expect the worse. It’s your past, present […]
... written on Jan 16 2022It may sound like Megatron – the villain and the supreme leader of the Decepticons, a faction of warmongering Transformers who seek to conquer their home planet of Cybertron, and the rest of the universe. But “Deltacron”, a Covid-19 new variant that possessed characteristics of Delta and Omicron variants, has raised eyebrows among scientists – […]
... written on Jan 11 2022
