These cities are now so expensive they’re considered ‘impossibly unaffordable’
Anyone with half an eye on the housing market over the last two decades will know that in many countries, not least the United States, it’s become much more difficult to buy a home. But a new report sums up the feeling of many potential…
Saudi Arabia Just Ditched The US Dollar (How This Affects You)
Instead of a signed agreement, Saudi Arabia sold its oil mostly for dollars over the years simply because most of the world wants dollars. Benefiting from a persistent bid for US dollars for decades, it was maximally profitable for the kingdom to consistently sell oil to…
Jamie Dimon Warns U.S. Economy Heading Towards STAGFLATION
Speaking at the JPMorgan Global China Summit in Shanghai, Dimon said the worst outcome for the US economy will be a “stagflation” scenario, where inflation continues to rise, but growth slows amid high unemployment.
How Inflation Enriches Politicians and the 1%
“Monetary [inflation] breeds not only poverty and chaos, but also government tyranny. Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tools, if any, are more important to the champion of freedom…
Apple is now worth $1 trillion
The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share. Its new all-time high is $208.38. Apple is now up more than 20% this year. Shares surged after Apple reported earnings that topped forecasts and a healthy outlook on Wednesday. Even though…
Apple CEO Tim Cook Earned $102 Million in 2017
In fiscal 2017, Apple CEO Tim Cook received a salary of $3.06 million plus $9.33 million in bonuses and stock worth $89.2 million for a total compensation package of approximately $102 million, reports Bloomberg. The data was shared today by Apple in a proxy statement filed with the…
The world’s 500 wealthiest people got $1 trillion richer in 2017
The world’s richest people got a whopping $1 trillion richer in 2017, according to a new report from Bloomberg News. That’s about four times the gains they made last year. That data comes courtesy of the Bloomberg Billionaires Index, which tracks and ranks the world’s 500 richest people….
