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7 mins read

Over 100 basic-income pilots have run in US cities. Now states are getting creative to fund no-strings-attached cash payments.

The success of over 100 local GBI pilots in the US provides insight into future state-level policy.

Allie Kelly   


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1 min read

US inflation will soar if America doesn't undergo reindustrialization, investment manager says

The US has a "massive" trade deficit at a time when world trade is becoming fragmented, Richard Ber…

Jennifer Sor   


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2 mins read

An escalating cold war between US and China would be a blow to global growth, IMF official says

The IMF predicts that the global economy could incur costs equivalent to as much as 7% of the world…

Yuheng Zhan   


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3 mins read

De-dollarization is not working out in China, where businesses are hanging onto their US dollars

Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, …

Huileng Tan   


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2 mins read

The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says

"As early as this summer, a proposed move could begin to unleash almost $1tn into consumers' wallet…

Filip De Mott   


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1 min read

The US's blowout debt burden is one piece of a global problem, IMF warns

"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the d…

Filip De Mott   


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1 min read

The US is headed for a financial crisis because of soaring national debt, billionaire investor Leon Cooperman says

"Deficits matter, and I think we're headed into a financial crisis in this country," Cooperman told…

Yuheng Zhan   


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3 mins read

China is worried about overcapacity, too but it sees the problem differently than the US

China is worried about disorderly competition and low capacity utilization. But its trading partner…

Huileng Tan   


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1 min read

Jamie Dimon says the US has less than 50% odds of nailing a soft landing: 'Don't get lulled into a false sense of security'

"It looks a little bit more like the '70s to me, and I point out to a lot of people, things looked …

Filip De Mott   


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2 mins read

Zimbabwe just introduced a new gold-backed currency in an attempt to fight inflation and wean off the US dollar

The gold-backed ZiG is Zimbabwe's sixth attempt at a new currency since 2008.

Huileng Tan   


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2 mins read

Some central banks have sold gold at record prices, cashing in on the global boom

Gold prices have hit fresh record highs amid macroeconomic and geopolitical uncertainties.

Huileng Tan   


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2 mins read

'The economy and stock market have never seen anything like this': There's an unprecedented number of recession signs flashing, veteran strategist says

The next recession has likely been postponed by the trillions of dollars of stimulus spent during t…

Jennifer Sor   


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2 mins read

Rupee rises 5 paise to 83.54 against US dollar in early trade

Moreover, the strength of the American currency in the overseas market and elevated crude oil p…

PTI   


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1 min read

Market value of BSE listed companies surges Rs 8.55L crore for the week

The Nifty rose for the seventh week in a row to close at fresh all-time high of 21,457 on Friday, w…

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2 mins read

Iran's economy is a total mess after decades of sanctions — and offers a warning to Putin's Russia

Decades of Western sanctions have driven up inflation, government debt, and poverty rates in Iran. …

George Glover   


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3 mins read

Goldman Sachs sees India current account deficit falling to 1% of GDP this fiscal

Stating that the country's external balances are stronger than expected on the back of strong inflo…

PTI   


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3 mins read

The US is now buying more from Mexico than China for the first time in 20 years

Mexico became the US's top trade partner, surpassing China and creating a global impact on trade dy…

Noah Sheidlower,Cork Gaines   


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2 mins read

The US needs to hike taxes or slash social programs to rein in the soaring deficit, but probably won't do either, Paul Krugman says

The US can either hike taxes or slash social programs to rein in its budget deficit. It's unlikely …

Jennifer Sor   


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1 min read

Israel downgraded by another big credit ratings agency as Middle East tensions escalate

Israel's economy is likely to suffer if there's a drawn-out conflict in the Middle East, S&P Global…

George Glover   


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1 min read

India stands to gain as crude oil prices fall to 4-month low

With crude oil prices falling to a 4-month low in the international market, the Indian economy is e…