After a disappointing holiday season, U.S. consumer spending picked up steam in January 2021, as retail sales jumped 5.3 percent from the December total on a seasonally adjusted basis. According to advance estimates published by the U.S. Census Bureau …
Texas was hit by a deadly winter storm this week that brought historic snowfalls and freezing temperatures that battered its power grid, leaving millions of people shivering in the darkness. Around 60 percent of homes in the state rely on electricity f…
A deadly winter storm has led to an unprecedented level of snowfall and record-breaking low temperatures that have paralyzed much of Texas. The unusual weather conditions were caused by changes in the jetstream that ushered in Arctic air across much of…
The U.S. stock market continues to set new meteoric highs despite an ongoing global pandemic and staggering unemployment rate. Analysts are watching out for signs of an upcoming market correction, especially with much of the stock market seemingly tied…
The abandonment of seafarers is a growing problem around the world and it is being exacerbated by the Covid-10 pandemic. Abandonment can occur for a number of reasons such as when the shipowner fails to cover the cost of a seafarer’s repatriation, fail…
While the number of weekly jobless claims has been stalling for the past couple of months, hovering around 800,000 since late summer, the U.S. job market has continued its gradual recovery over said period. The number of job openings, a measure of labo…
Even though the technology behind autonomous vehicles has progressed hugely in recent years, it’s still by no means perfect. A long list of companies are still testing their electric vehicles in California to improve software capabilities and safety. D…
GDP figures by the OECD for the fourth quarter of 2020 show the ongoing impact the coronavirus is having on economies around the world. China was the first (and only) economy that bounced back from its coronavirus losses, recording a year-over-year gro…
First estimates of the UK’s GDP in 2020 reveal that the country’s economy contracted by 9.9 percent in comparison to 2019. That marks the largest drop on record and as this infographic shows, by some margin. As stated by the Office for National Statist…
As millions of people around the world are trying to find a last-minute (virtual) date for Valentine’s Day, Tinder’s servers are probably running hot these days. The market-leading dating app has not only revolutionized the dating game since its launch…