President Donald Trump recently reneged on an Obama-era deal with Iran to curtail its nuclear program, reinstating crippling economic sanctions. Trump’s decision fuels an already tough economic crisis in Iran, whose government is grappling with the announcement. Interest rates in Iran have jumped. Foreign exchange dealers are being arrested and the central bank of Iran […]
Jamie Dimon, the CEO of banking giant JP Morgan, is warning shareholders of the potential for a massive exodus from stocks driven by supposedly “passive” index fund investors. Index funds own the entire stock market rather than selecting specific stocks. The slow and steady rise in stock market valuations has led many investors to choose […]
Is your smartphone a double agent? Following a warning from the U.S. government’s top security agencies on Chinese-made phones, at least one mainstream U.S. retailer has decided to stop selling them. Best Buy has dropped smartphones, smartwatches or laptops from Chinese manufacturer Huawei. Huawei is the world’s third-largest smartphone maker. Best Buy is the United States’ largest […]
