Today we talk about the big news concerning the trade ward this week, China wants to start restricting the sale of rare earth minerals to the United States, and as a response, the U.S. is looking to strengthen its doemstic production of said mineral in order to reduce its reliance on China. Also, this week Trump said he wants to impose tariffs on Mexico if they don’t help stop the illegal immigration to the United States, this has been one of the […]
Recap May 26: Trade War Explodes w/ Huawei – Modi wins Re-Election in India (Recap Ep020)
This week what has dominated the news has been the trade war between the U.S. and China and what Trump made with Huawei’s stock. The markets went down on monday due to this, and all of this is going to increase the “hell” that is the trade war between these two countries. On monday the markets went up due to some good information and economic numbers that came out, but they went back down on wednesday and thursday due to the trade […]
Recap May 19: $1.2 Billion Fine Forex Manipulation – Microsoft starts Blockchain (Recap Ep019)
Today we talk about the big news of the week, which is the trade war between China an United States, Trump raised the tariffs up to 25% and China retaliated. This caused some chaos and is what most of all afected the markets internationally, due to this newes the markets plunged on monday, the DAO and S&P 500 had the worst day since january 3rd, the NASDAQ had its worst day since 2019 and had its biggest one day drop since December […]
Recap May 12: $1.2 Billion Stolen in Cryptos – Trade War Returns (Recap Ep018)
This week the markets were affected by the situation between China and the USA, the so-called Trade War where the USA intends to apply custom tariffs by 25% to the products of the Asian country that enter the United States and create new retaliations of the Chinese country. The Bitcoin went up 10.99% $ 6,300.45 cents; the news with cryptocurrencies did not finish there. Its security was violated when one of the largest stock exchanges of cryptocurrencies was hacked. 7,000 Bitcoins were […]
Recap May 5: Stocks at Record Highs – Warren Buffet Another Bad Investment (Recap Ep017)
This week had a positive closure. S&P500 & NASDAQ closed at record highs. Chase Bank & Microsoft will start using blockchain technology. One of the future implementations would be for new pay systems. This made Bitcoin rise 5.43% to 5,671.86 In financial news. The ICI dollar index has reached its highest level in the last years thanks to the good american economy. Europe’s oil refineries cut the supply purchase from Russia, reducing oil import in 10%, due to oil contamination. Because of […]
Recap April 28: Stocks at Record Highs – Economy Grows More Than Expected (Recap Ep016)
This week historic records were hit in U.S. stock exchange with NASDAQ and S&P 500, there was a constant rise for almost three weeks achieving historic peaks, it is expected that it won’t last for too long. On tuesday morning stocks for Disney, McDonald’s and Microsoft reached historic records. 140 out of the 500 companies in the S&P 500 achieved results above 20% during 2019. In the international markets Brazil’s stock exchange was at the rise thanks to the pension reform, the […]
Recap April 21th: Stocks at Record Highs – IPO week (Recap Ep015)
This week we talk about the rise in the markets, particularly the S&P500 and NASDAQ which reached record highs during this week. In 2019 the S&P500 has gone up 15.88% total, NASDAQ has gone up 20.54% total and the DAO went up 13.86%. Also, multiple tech companies went public this week, some of them are Pinterest and Lyft. Pinterest was at $19 USD. Lyft, Uber’s competitor also went on an IPO starting with $72 USD. Another company that also did an IPO […]