Thinking about online marketplaces, Amazon and eBay spring to the minds of most Americans and Europeans. And yet, they’re only ranked third and fifth in the world in terms of gross merchandise volume. According to estimates from Statista’s ecommerceDB,…
UK trade figures for January were released today, revealing a record drop in exports and imports to and from the European Union. At first glance, this may seem like a clear and ominous effect of the Brexit transition ending on 31 December. On closer in…
Following Congress‘ final approval of the $1.9 trillion relief bill on Wednesday, President Biden didn’t waste any time, signing the sweeping stimulus package into law on Thursday, one day earlier than originally planned. The American Rescue Plan will …
UK monthly GDP had experienced a period of recovery after having suffered the biggest drop on record in April when the measure was down 19.5 percent compared with March. Between August and September, GDP in the UK had risen for the fifth consecutive mo…
South Korean e-commerce platform Coupang went public on the New York Stock Exchange yesterday, achieving a valuation of $60 billion – the highest on Wall Street to date in this busy IPO year. Coupang raised $4.6 billion through the IPO at a price of $3…
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.
COVID-19 cases have been falling dramatically across the U.S. as spring approaches, with optimism surrounding the end of virus restrictions at an all-time high alongside encouraging vaccine news. The relatively quick rollout of several different vaccin…
CUSIP: 912810SU3Term and Type: 29-Year 11-Month BondSeries: Bonds of February 2051Reopening: YesInterest Rate: 1.875%High Yield: 2.295%Price: $90.943237Allotted at High: 37.36%Total Tendered: $56,294,711,400Total Accepted: $25,487,401,400Auction Date: …
Poor powerless Fed, poor starving cannibals, poor zombies turning to dust. That’s the American economy once the curtains are ripped away.
CUSIP: 912810SW9Term and Type: 19-Year 11-Month BondReopening: YesOffering Amount: 24 BillionAnnouncement Date: 03/11/2021Auction Date: 03/16/2021Issue Date: 03/31/2021Maturity Date: 02/15/2041PDF | XML