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Posts Tagged ‘economy’

Speaker nominee Mike Johnson’s MAGA Logic: “Roe v. Wade toppled over the economy”

The GOP nominee for Speaker of the House, Rep. Mike Johnson (M-LA), showed off his MAGA logic skills when he said it was important to overturn Roe v. Wade because the United States is in desperate need for its womenfolk to bear children who will grow u... ...

Totally cool CEO says governments need to punish workers with unemployment to make them less arrogant

Australian CEO of the Gurner Group, a real estate firm, called for governments to cause "pain in the economy" to remind workers that "they work for the employer, not the other way around." I think the problem that we've had is that we've, you... ...

Dow jumps over 11% in largest one-day gain since 1933

Today, the Dow Jones Industrial Average experienced its largest gain in a single day since 1933.

From the Wall Street Journal:

U.S. stocks rallied sharply Tuesday, with the Dow surging to its biggest one-day gain in more than 85 years on signs that lawmakers and the Trump administration were nearing a deal on a giant stimulus ...

Right-wing websites are weighing the pros and cons of letting people die from coronavirus to help the economy

It's already been reported that Trump is getting antsy about all the social-distancing quarantines intended to flatten the curve of coronavirus deaths, and that he's eager to return things to business-as-normal. Who cares about a million deaths as long as the economy is moving, amirite?

I'm sure his decision has nothing to do with the ...

Dow drops 1,000 over Coronavirus

The Dow Jones Industrial Average plummetted more than 1,000 points as news of a spreading coronavirus outbreak suggests wider coming damage to the global economy.

Today's stock market drop was the worst for the Dow in two years, and wiped out all gains so far in 2020.

From AP:

Nervous investors scrambled for safety, loading ...

Wuhan virus puts airlines on high alert around the world

Here’s a good explainer from Reuters on the airline industry’s response to the Wuhan coronavirus outbreak so far. If the virus spreads becomes a pandemic, this could impact world financial markets as did SARS in 2003.

SARS killed about 800 people. Since then, people travel by plane even more, and other things have changed in ...

The median household income of each state in the USA

New US Census Bureau data shows that while the median household income for the United States (and 14 states within the USA) increased a bit from 2017 to 2018, "income inequality was significantly higher during the same period for the nation and nine states.... Maryland ($83,242) was among the states with the highest median household ...

Freshworks acquires customer success service Natero

Customer engagement service Freshworks, which you may still remember under its old name of Freshdesk, today announced that it has acquired Natero, a customer success service with some AI/ML smarts that helps businesses prevent churn and manage their customers. The acquisition, Freshworks CEO Girish Mathrubootham told me, will help the company complete its mission to ...

Ikea invests in Livspace, a one-stop platform for interior design based in India

Fresh from raising $70 million last year via big names including Goldman Sachs and TPG Growth, Livspace, an India-based startup that offers a one-stop-shop for interior design, has lured yet another marquee investor: Ikea. The startup said today it has taken an undisclosed investment from Ingka Investments, the VC arm of Ikea parent Ingka Group, which ...

Big revenues, huge valuations and major losses: charting the era of the unicorn IPO

We can make charts galore about the tech IPO market. Yet none of them diminish the profound sense that we are in uncharted territory.Never before have so many companies with such high revenues gone public at such lofty valuations, all while sustaining such massive losses. If you’re a "growth matters most" investor, these are exciting ...