The U.S. and its allies announced new sanctions on Russia targeting foreign assets and removing several banks from the SWIFT payment system. This unprecedented financial penalization could come with unintended consequences.Continue Reading
Recently, Ethereum (ETH), the second-largest cryptocurrency in terms of market capitalization, recorded an all-time high price of $4,840, surpassing the $4,800 mark for the first time ever. Other popular cryptocurrencies, such as Bitcoin and Litecoin, surged as well, extending their gains during what has been a bullish few months for the cryptocurrency market. In the following article, senior investing columnist Robert Liu takes a closer look at Ethereum and investigates the factors that have caused it to skyrocket. Continue Reading
Tapering – the end of quantitative easing – has finally arrived, bringing an epilogue to the era of cheap money. How will tapering impact the economy, and what does it mean for the common public? In this article, Financial Literacy columnist Bradley Tian examines the working and implications of the tapering process. Continue Reading
As the United States attempts to build back the economy in the aftermath of the COVID-19 pandemic, debate over raising the federal minimum wage rages in Congress. What will this measure cost us? How much will it help? We explore this and more in the following article as we make the case for why we need a $15 federal minimum wage.Continue Reading
About a year ago, I wrote this article about why the Fed was raising rates in trying to engineer a soft landing. The objective was to prevent an overheated economy and high inflation rates, given the record unemployment levels among other things. The theory goes that tight labor markets lead to wage growth. Wage growth leads to high inflation. Raising rates might prevent that. This was the sentiment at the Fed over a year ago.Continue Reading