ECONOMIC AND FINANCE REPORT

1) Police in all 50 states are using secret tools to break into locked smart phones, not for just major felony crimes, but for cases such as low-level shoplifting. Police…

By: Economic & Finance Report The popular mobile video streaming app shuttered its doors on October 21, 2020 Wednesday, after receiving $1.75 billion dollars in VC (venture capital). The executives…

1) Many consider the next economic crisis to be the growing profusion of empty retail space, as tenants stop paying rent and reduce their offices, leaving commercial real estate in…

1) The drought in the western U.S. is the biggest in years and is predicted to worsen during the coming winter months. The drought is a major reason for the…

1) China has warned the U.S. that it may start detaining Americans. Repeated warnings have been made to U.S. government representatives and through multiple channels, including the U.S. Embassy in…

1) Another consequence of the pandemic is an estimated 8 million people have been forced into poverty. The federal Cares Act gave Americans a $1,200 stimulus check per person, plus…

1) Peloton, the exercise machine maker, has recalled pedals on 27,000 of their bikes which have caused some injuries. The 27,000 bikes were manufactured between July 2013 and May 2016.…

1) The much feared Diablo winds, along with its low humidity, will bring critical fire weather to Northern California through Friday, increasing the risks of wild fires. There are widespread…

1) Cuba's economic minister urged calm as the government prepares to unify its dual currency system and multiple exchange rates in hopes of improving economic performance. The nation is undergoing…

1) More bad news for the airline business with another expected huge round of losses coming. The second quarter was the worst financial hit in the history of the airline…