Tesla is down 7% thanks to Elon Musk’s tweets — he’s all but wiped out the gains Tesla got for settling with the SEC
Tesla shares took another leg down Friday afternoon after hedge fund manager and Tesla short David Einhorn of Greenlight Capital criticized the automaker in his third-quarter letter to investors. Einhorn likened More...
State Bank of Mauritius’s Indian branch is the third domestic bank to be the victim of a cyber-attack in 2018
On 3 October, SBM Group, the parent company of the State Bank of Mauritius, announced that its Indian operations had suffered a cyber-attack the day before, and that as much as $14 million could have been siphoned More...
The Six Reasons The Fitness Industry Is Booming
According to the IHRSA (International Health, Racquet & Sportsclub Association), the $30 billion health and fitness industry in the U.S. has been growing by at least 3 – 4% annually for the last ten years More...
Cash still the king. Cash savings highest in a decade
The surge in cash savings at the cost of deposit growth has helped prop up financial assets, according to RBI. Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again More...
This week in banking: Cash remains the king post demonetisation, says RBI
Whether demonetisation was a success or failure, today, cash remains the king as there is more of it in the economy than there was on November 8, 2016. Indian households are saving more now, a large part being More...
Erdoğan, Trump, and the Strongman Politics Devastating Turkey’s Economy
The Presidents of the United States and Turkey have recently been exchanging barbs—and economic sanctions—over an evangelical missionary imprisoned in Turkey. Photograph by Doug Mills / NYT / Redux The usually More...
The Trump Economy Is Strong. So Why Exaggerate?
It’s sunny out. We get it. Photographer: Alex Wong/Getty Images There’s no denying that, since Donald Trump was sworn in as president in January 2017, the U.S. economy has been doing quite well. Growth in real More...
Wars of the currency kind
Nations letting currency weaken can spur instability Recently, RBI Governor Urjit Patel warned that the global trade war could escalate into a currency war. Trade wars erupt when countries impose tit-for-tat tariffs More...
10 things the IMF numbers tell us about the Indian economy
India’s strong economy continues to lead global growth, says the international Monetary Fund (IMF) in its latest report on the Indian economy. Photo: Bloomberg Mumbai: The International Monetary Fund has released the More...
Americans Can’t Understand The Value Of Decentralized Currency, But Many Other Countries Can
Director and Founding CEO at HIVE Blockchain (TSX.V: HIVE) – Canada’s first publically traded blockchain infrastructure company. Shutterstock Zimbabwe has a become a poster child of economic More...