The reversal of vaccine strategies in several Asian countries has raised questions about a Chinese-manufactured COVID shot, Sinovac. Experts however still agree that the vaccine has made a valuable contribution in preventing serious illness, hospitaliz…
Amazon was the last of the big five U.S. tech companies to report its earnings for the three months ended June 2021 on Thursday. And like the other four GAFAM companies before it, Amazon reported another record-breaking quarter, despite falling just sh…
The digital world is a universe in its own right – a very fast moving one as such. It’s a quick compendium of things up and downloaded, posted and searched for, sent and received, listened to and watched in bits and bytes. According to data compiled by…
As U.S. health officials and the Biden administration desperately try to kickstart the stalling rollout of COVID-19 vaccines in face of the highly contagious Delta variant, President Biden gave a speech on Thursday, where he once again urged Americans …
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The U.S. GDP grew at an annual rate of 6.5 percent in the second quarter of 2021, according to the first preliminary estimate released by the U.S. Bureau of Economic Analysis (BEA) on Thursday. Once again, personal consumption expenditure was the main …
Game over. Occam’s Razor: The simplest explanation is often the best one. Central banks will never extract themselves. Whether they ultimately end QE is besides the point. They won’t reduce their balance […]
Pfizer on Wednesday reported its second quarter results, beating top- and bottom-line expectations and raising its guidance for 2021 yet again. The U.S. pharmaceutical giant reported a net profit of $5.56 billion on revenue of $18.98 billion for the se…
July 29 marks this year’s Earth Overshoot Day, the day that humanity’s demand for ecological resources exceeds the resources Earth can regenerate within that year. Over the decades, the ecological and carbon footprint of humans has gradually increased,…