Millennials are Killing the Economy… Because They’re Saving Money

Millennials have been accused of killing a lot of industries (cereal, beer, housing, mayonnaise, napkins, and politics). But this might be the stupidest theory of them all. According to one investment bank, millennials are killing the entire economy. And how? Because they’re doing the decent thing and trying to save their money. Slow economy? Blame …

Dow Crashes After China ‘Weaponizes’ Yuan, ‘Abandons’ Trade Deal

The Dow crashed on Monday after China retaliated against Trump’s tariff threats by “weaponizing” the yuan and “abandoning” the trade deal. | Source: Drew Angerer / Getty Images / AFP The Dow Jones suffered another nauseating crash on Monday after China retaliated against President Trump’s tariff threats by escalating the trade war – and perhaps …

Indian Call Center Scam Milks $1.7 Million in Bitcoin From US Citizens

By CCN Markets: A gang in India’s Madhya Pradesh state which scammed U.S. citizens hundreds of thousands of dollars through Bitcoin and other methods has been busted and its members arrested. The gang which ran its operations out of a call center is estimated to have made around $1.7 million. According to the Business Standard, …

Huawei CFO Sues Canada for Arrest, Hints at US Scheme in Lawsuit

Lawyers for Meng Wanzhou, CFO of China tech superpower Huawei, are suing the Canadian government for breaching her constitutional rights. A new page was turned in the ongoing war between Huawei and the US and Canadian governments on Monday when lawyers for Meng Wanzhou announced that they are suing Canda. This is the latest development …

Trump Promises to Kill India’s $5.6 Billion in Duty-Free Exports to US: Another Trade War?

President Donald Trump has indicated that the preferential trade status that India enjoys with the United States under the Generalized System of Preferences (GSP) tariffs system and which allows it to export some products to the U.S. duty-free will be ended, according to Reuters. In a letter to Congress, Trump indicated that the decision to …

Why Donald Trump Was Forced to Walk Away from North Korea Summit

The highly anticipated meeting with the U.S. President Donald Trump and North Korea Chairman of the Workers’ Party Kim Jong Un came to an abrupt end with neither party willing to compromise on a denuclearization agreement. Trump-Kim Summit Ends Without a Deal A relatively high number of political analysts and think tanks in South Korea …

France’s Largest Bank BNP Paribas Loses $80 Million Due to Trader’s Pre-Vacation Snafu

BNP Paribas. Image from Shutterstock. According to multiple sources, BNP SA, known by many as the largest bank in France, reportedly made a loss of $80 million in derivative trades connected to the United States. The sources confirmed that Antoine Lours, the Head of U.S index trading at BNP, is yet to return to his …

Delta Airlines Expects to Lose $25 Million in Revenues Due to US Government Shutdown

The third-largest airline in the United States by domestic market share, Delta Air Lines, has disclosed that the ongoing partial government shutdown will cost it millions of dollars in lost revenue. In an interview on CNBC, Delta’s chief executive Ed Bastian said that the government shutdown will see the airline lose revenue amounting to $25 …