Economy

Proven Strategies for Building Trust in the New Sharing Economy

While the sharing of resources among individuals is not new, the last five years have seen an explosion in collective sharing thanks to the Internet. From AirBnb and Uber to Car2Go and Rover, the new sharing economy business model gives consumers access to unused goods and services. From power tools to dog sitting to a ride to the airport, the sharing economy is revolutionizing how to acquire ... Read More »

Petrol, Diesel Prices Poised For A Cut. How Much Could You Save

Your visit to a fuel station to fill up petrol or diesel after the 15th of this month may leave you surprised: your bill might be less than you think. Global fuel prices have fallen over the past fortnight while the rupee has remained stable. Oil marketing companies like Indian Oil (IOC) and Hindustan Petroleum (HPCL) have already passed on ... Read More »

20 Surprising Stats About the Gig Economy

More than a fourth of the U.S. is now officially part of the freelance gig economy, a recent report indicates. In the future, more and more people of all ages and ethnicity will declare their independence from the 9-to-5 daily corporate grind for the freedom, autonomy and self-determination that the freelance, gig economy lifestyle brings. So says a new report ... Read More »

Delhi Metro Raises Fares; Minimum To Be Rs. 10

New Delhi: Come Wednesday, commuters will have to shell out more for travelling on the Delhi Metro, with the authorities announcing a fare hike today. The new minimum fare will be up from Rs. 8 to Rs. 10 while the maximum would be Rs. 50, a Metro spokesperson said. This arrangement will be in place till September. From October, the ... Read More »

Fed is expected to ignore the fact that the economy barely grew in the first quarter

The Federal Reserve is expected to signal that it sees the paltry economic growth in the first quarter as a temporary phenomenon that will not get in the way of its plans to raise interest rates. The Fed has forecast two more interest rates hikes for this year, and the market thinks odds are greater than 50 percent that the ... Read More »

The North Korean economy is actually growing despite sanctions

  Resolute in its commitment to communism and plagued by sanctions, North Korea has one of the most isolated economies in the world. And yet its economy is showing signs of expanding — potentially at a pretty decent pace. This weekend the New York Times’s Choe Sang-Hun wrote a fascinating article showing how the country has been experiencing economic success ... Read More »

The US economy is leaving these states behind

President Donald Trump has promised voters his administration’s policies will quicken the pace of U.S. growth to three percent a year or more. Even if his administration hits that target for the national economy, some states will likely continue to be left behind. The latest government data Friday shows just how much work the Trump administration faces if it hopes ... Read More »

Five ways the Trump economy is off to a record-setting pace

Cash has been flowing fast and free in the nascent Donald Trumppresidency, even if some of the economic data points haven’t caught up yet. Several measures indicate record activity in the days since the Republican captured the nation’s highest office in November. Mergers and acquisitions have been in a frenzy, companies have been rushing to market with massive amounts of ... Read More »

Investors Underestimating the Economy and the Fed

This economic expansion has long been derided as the weakest, most disappointing ever, a characterization that is both fair and highly misleading. The expansion is weak compared with prior expansions, but it is also quite solid relative to how fast the economy is capable of growing. Understanding that relationship is the key to understanding why interest rates are likely to ... Read More »

One chart that shows the weird, vexing mystery of this economy

As the stock market pushes toward fresh records, the biggest debate on Wall Street going on right now is whether to believe the “soft” data or the “hard” data about the economy. The soft data is reflecting confidence in President Trump’s economic policy and goosing the stock market, while the hard data, things like actual sales, is struggling. Here is ... Read More »