Federal Deficit Hits $134 Billion in One Month

The federal deficit reached $134 billion in October, the first month of fiscal 2020, in keeping with information the Treasury Division launched Wednesday. The Hill stories:  That determine is about 34 p.c increased than final October,... Read more »

Google to Provide Checking Accounts to Customers

Google will quickly supply checking accounts to customers, turning into the most recent Silicon Valley heavyweight to push into finance. The mission, code-named Cache, is predicted to launch subsequent yr with accounts... Read more »
AD HERE

Fb Unites Cost Service Throughout Apps With Fb Pay

Fb Inc stated on Tuesday it was launching Fb Pay, a unified cost service via which customers throughout its platforms together with WhatsApp and Instagram could make funds with out exiting the... Read more »

Black Unemployment is at Report Low

Nonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones. The unemployment fee ticked greater to three.6%, consistent with estimates, however stays across the... Read more »

US GDP Rose a Higher-Than-Anticipated 1.9% within the Third Quarter

The Commerce Division on Wednesday stated financial exercise within the U.S. grew at an annualized price of 1.9% within the third quarter, down barely from the two% tempo within the second quarter.... Read more »

Economic system’s Bumpy Trip is About to Get Bumpier

The U.S. financial system has hit loads of bumps within the street currently and the way in which ahead is unlikely to get any smoother. MarketWatch experiences:  The primary large clue will... Read more »

Employee Pay is Stagnant — Economists Blame Robots

American staff are extra productive than ever, however their paychecks haven’t saved tempo. Researchers with the Federal Reserve Financial institution of San Francisco have a offender: robots. CBS Information studies: Economists Sylvain Leduc... Read more »

American Banks Are Set to Automate Away 200,000 Jobs

Over the following decade, U.S. banks, that are investing $150 billion in expertise yearly, will use automation to eradicate 200,000 jobs, thus facilitating “the best switch from labor to capital” within the trade’s... Read more »

Unemployment Fee Hits 50-Yr Low

The economic system added 136,000 new jobs in September, in accordance with Bureau of Labor Statistics. And the U.S. unemployment price dropped to three.5%, the bottom price since December 1969. MarketWatch reviews:... Read more »

The World’s Most-Used Cryptocurrency Isn’t Bitcoin

What’s the world’s most generally used cryptocurrency? In case you suppose it’s Bitcoin, which accounts for about 70% of all of the digital-asset world’s market worth, you’re in all probability fallacious. Bloomberg studies:... Read more »