ECONOMIC AND FINANCE REPORT

1) The money-markets have about $3.4 trillion dollars invested, and the large pile of cash could push the already soaring markets higher. The money-markets have grown by $1 trillion dollars…

1) Saudi Arabia has started its long anticipated IPO (Initial Public Offering) of Aramco, the Saudi state run oil giant. A sliver of the firm will be offered on a…

1) In their Friday report the U.S. economy added 128,000 jobs in October, a report considered to be very strong when many economist expected a gain of 75,000 jobs. Furthermore,…

By: Economic & Finance Report Alibaba Holdings LTD (BABA) surpassed earnings expectations. The Asian e-commerce giant, stated that their retail business and their cloud business, were huge components in their…

Reprints of all my articles for the economic future of millennials and generation-Z are available on my web site www.peopleobsolete.com. James Lyman BSAE, BSEE, MSSM For the last few years,…

1) The international auto makers Fiat-Chrysler and Peugeot, which is owned by PSA group of France, have agreed to merge. This deal will create one of the world’s largest auto…

1) The Federal Reserve has cut interest rates for the third time this year to ensure the U.S. economy weathers a global trade war without a recession. While the feds…

1) Humana, the health insurance giant, is laying off more than 800 people. These layoffs are from its operations in several states, their intent is to trim payroll by 2%,…

1) Despite more than two centuries in New York, JP Morgan is quietly shrinking its workforce there. The bank has been relocating several thousand New York based employees out of…

1) The telecommunications giant AT&T is making its belated entry into the streaming video business to compete with Netflix, Apple and Disney. AT&T plans to reach about 80 million subscribers…