We all want some extra money in the current pandemic. Learn more about why resale apps such as Depop and Poshmark have skyrocketed in popularity since last year, and how to support these initiatives into the future!Continue Reading
While the COVID-19 pandemic has posed difficulties globally, menstruators and young girls in sub-Saharan Africa have been hit particularly hard by the pandemic due to period poverty. Sub-Saharan Africa’s financial struggles during the pandemic, which have exacerbated period poverty, is a threat to women’s healthcare, mental well-being, gender equity, and autonomy.Continue Reading
As with most financial market crazes, the fear of missing out motivates buying and selling en masse. The market’s current fantasy with special-purpose acquisition companies (SPACs), a financial instrument mired in a suspicious past, may just be another instance of this phenomenon. SPACs are different from your average market craze, however, because they offer a unique opportunity to take advantage of previously restricted returns. Continue Reading
The pandemic has disproportionately affected LIDCs across the globe; with LIDCs lacking access to financial capital, they face domestic economic decline and forecast increased levels of poverty. As LIDCs struggle with limited financial capital, can financial markets play a role in helping LIDCs during the pandemic?Continue Reading
It looks like the United States just became a third wheel. Recent economic data from the E.U.’s statistical office shows that China is now the European Union’s biggest trading partner of goods, knocking the U.S. from its prime spot. While the European Union has been China’s biggest importer for some time, the relationship only became mutual during the pandemic, likely due to the increase in demand for Chinese medical products in the E.U. In turn, demand for European goods in China also grew.Continue Reading
The U.S. dollar finds itself as the currency of the global economy. In extreme circumstances, many countries even replace their own sovereign currencies for the dollar, in hopes of bringing much-needed economic stability. The dollar’s dominance, however, is not uncontested and its use is not without drawbacks.Continue Reading
As economies across the world have come crashing down due to the coronavirus, Indian consumers are suffering from suppressed wages, mass lay-offs, and reduced economic activity. Yet, while the entire country’s economy has been turned upside down, one sector of the market has silently exploded: Instant loan suppliers, lending money to Indian workers who desperately need the funds to pay off critical bills. These lenders, however, charge gigantic interest rates which enable them to profit off of the backs of economically insecure workers. Continue Reading
Deep learning scales up the market sizes in conversational AI, self-driving cars, and consumer applications. With the advancement in AI technologies, I believe that deep learning could create more economic value than the internet did in the future years. Therefore, I believe that we should invest in companies that are centered around deep learning, especially for companies that focused on conversational AI, self-driving cars, and AI-powered consumer applications.Continue Reading
In light of recent massive spikes in cryptocurrency, many new investors have joined the fray with a “can’t lose” mentality. In actuality, having money invested in cryptocurrency right now is anything but a “can’t lose” situation.Continue Reading
In February, Tesla purchased 1.5 billion dollars worth of bitcoin for investment and diversification purposes. Subsequently, its stock price plummeted. Will this polarizing move benefit Tesla in the long-term? Only time will tell.Continue Reading