What’s Going On Here? Facebook reported higher-than-expected first-quarter revenue. What Does This Mean? With the world forced to stay home, there wasn’t much else to do but scroll through Facebook and watch Instagram Live’s quarantine concerts. That helped the tech giant clock 10% more monthly active users. Still, it hadn’t factored in just how much…
Tag: recession
Ep 80: On The Pull
What’s Going On Here? With Germany’s unemployment rate unexpectedly falling in November, the country might now dig its heels in more than ever against the European Central Bank (ECB). What Does This Mean? The ECB has long been calling for Germany to boost its economy through extra public spending, but positive unemployment data might give the country’s…
Ep 71: Gold Ain’t Glittering
What’s Going On Here? Gold and silver just had one of their worst weeks since 2017 as investors sent the precious metals’ prices falling. What Does This Mean? Both Better-than-expected quarterly updates from big multinational companies Progress towards a tentative US-China trade deal (reducing import costs and therefore boost companies’ earnings and economic growth), appear to have encouraged…
Ep 29: The Art of the Deal
What’s going on here? New signs emerged that the trade war is dragging down the global economy. The International Energy Agency cut its projection for energy demand this year by 100,000 barrels to 1.2 million barrels per day, citing the “worsening trade outlook” as a “common theme across all regions”; China reported the slowest growth…
with HT 