When Joe Biden was running as the Democrat nominee for President, he promised a massive spending bill that aimed at expanding social services and investing in climate change initiatives. However, in an effort at compromise and to secure the required votes to pass, the bill has been streamlined. Despite the reduction, it is still historic…

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The COVID-19 pandemic has negatively impacted several retailers, especially those which have been unable to shift to online sales. GameStop, a video games retail chain, is no exception – the company had even recently announced the shutdown of 450 stores. Its price per share value had been consistently declining since 2016 and was worth approximately…

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Federal Reserve Chairman Jerome Powell demonstrated his determination to return the U.S. economy to full strength, stating that the central bank will not begin to tighten low-rate policies until it sees significantly more improvement. The stock market was quick to react. The Dow Jones average rose 1.3% and crossed 32000 for the first time. The…

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Mastercard, Bank of New York Mellon, and Tesla all entered the cryptocurrency market this week. Tesla’s 1.5 billion USD investment in Bitcoin in particular caused the digital asset to rise as much as 8.1% to 48,663 USD.   Bitcoin and other cryptocurrency accounts can be created by anyone, without charge and without any centralized vetting…

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The UK government has recently announced the implementation of the National Security and Investment Bill (NSI), which will give ministers far greater power to scrutinise foreign takeovers on national security grounds. It means that foreign acquirers ‘operating in sensitive areas’ must ‘seek authorisation from the government before transaction completion.’ Large areas of industries such as…

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Listed companies have strict dividend rules. Dividends should not exceed profits and management must prove that their size depends upon underlying performance. Additionally, management can be held accountable by shareholders for dividend decisions; for example, after HSBC suspended its dividend due to the pandemic last year, shareholders threatened to sue for payment. Listed company dividends…

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Since taking office, President Joe Biden has been making a push to raise the federal minimum wage from the current 7.25 USD an hour to 15 USD. However, both Republicans and centrist Democrats have been sceptical about the policy, believing that it will harm small businesses.   Some economists are against the minimum wage. According…

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After winning both Senate seats in January’s special election in Georgia, Democrats have gained unified control of both houses of Congress. This significantly increases President Biden’s ability to sign new legislation, including the long-promised stimulus package in response to COVID-19. President Biden called for a 1.9 trillion USD relief package on Thursday (January 14th) that…

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