Sri Lanka’s government is heavily burdened by foreign debt payments and a current account deficit that pressures the national currency, the rupee. Canva ContentsWhere Is Sri Lanka? What Are Its Demographics?An Overview of Sri Lanka’s EconomyWhat Caused Sri Lanka’s Economic Crisis?COVID-19: A Turning Point in the EconomyAcceleration Into Economic Collapse in 2022Can Sri Lanka Recover…
Five things you need to know before the market opens on Monday December 12: 1. — Stock Futures Edge Higher Into End-of-Year PushU.S. equity futures edged higher Monday as investors moved cautiously into the final trading week of the year focused on the Federal Reserve’s pending rate decision and renewed concerns for recession in the…
In an action movie, they would be fighting each other. They would be the good guy and the villain, the yin and yang. The real question is, who is who. For their supporters, the other one is the problem. Elon Musk and Dr. Anthony Fauci are, in a way, the two faces of the reaction…
Elon Musk is worried about the economy. For several months now, the richest man in the world has continued to sound the alarm, warning that the economy risks a deep recession if the central bank’s monetary policy stays on course. While the Federal Reserve is holding its last monetary meeting of the year in the…
When Elon Musk tweets, people listen. The billionaire Tesla (TSLA) – Get Free Report CEO and recent Twitter owner tends to stir things up whenever he lets his fingers do the talking. His Twitter takeover has courted seemingly no end of controversy with mass layoffs, the reinstatement of former President Donald Trump’s account, and the elimination…
Costco Wholesale (COST) – Get Free Report posted weaker-than-expected first quarter earnings Thursday as membership revenues missed Street forecasts amid a pullback in sales over the final weeks of autumn. Costco said diluted earnings for the three months ended Nov. 20, the company’s fiscal first quarter, came in a $3.09 per share, up 3% from the same…
Liquidity traps can lead to deflation—a precarious environment for the economy. RenoBeranger frompixabay; Canva What Is a Liquidity Trap?A liquidity trap happens when an economy is in a recession but interest rates are already the lowest they can go, 0%, which is also known as the “zero lower bound.” What else can a central bank…
Sam Bankman-Fried wants to pass for a tragic hero. A few days ago, the founder of the bankrupt cryptocurrency exchange FTX launched a media blitzkrieg, meant to give his version that his empire’s downfall boils down to bad luck. The former trader has given successive interviews to several news outlets, including the New York Times/Deal…
Sam Bankman-Fried continues to divide. The fallen founder of cryptocurrency exchange FTX recently launched a media offensive aimed at blaming the overnight collapse of FTX and Alameda Research, a trading platform he controlled, to bad luck. He had suggested that it was a perfect storm, despite the fact that he controlled both companies and that…
Updated at 9:02 am EST U.S. equity futures moved lower Monday, while the dollar extended declines against its global peers, as investors faded bets on easing Covid restrictions in China and focused on the prospect of near-term recession in the world’s biggest economy. Multiple reports overnight have noted a modest easing of various pandemic-era rules…
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Dogecoin 
Lido Staked Ether