Matt’s Recent Stories
Economy Feb 16Bitcoin crosses $50,000 price for first time
The same Bitcoin just one year ago would have cost $10,000. The price is up almost 200% in the last three months alone.
Economy Dec 22U.S. consumer confidence tumbles in crucial holiday season
A closely-watched gauge for U.S. consumer confidence tumbled to a reading of 88.6 in December as rising coronavirus cases dragged American optimism to its lowest level since summer.
Economy Oct 27Consumer confidence dips to 100.9 as virus spreads in U.S.
Consumer spending accounts for 70 percent of economic activity in the U.S., so a decline in confidence gets a lot of attention from economists, especially as the U.S. heads into the crucial holiday shopping season.
Nation Sep 18U.S. bans WeChat, TikTok citing national security
The U.S. will ban the use of WeChat Sunday to “safeguard the national security of the United States.”…
Economy Aug 28MGM Resorts lays off a quarter of its 70,000 American staff amid pandemic
MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people.
Economy Aug 12U.S. budget deficit climbs to record $2.81 trillion
U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year. That exceeds any on record, and it's expected to eventually reach levels more than double the nation's largest recorded annual deficit.
Economy Jul 06Uber buys Postmates in $2.65 billion deal
The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic has suppressed customers' desire for rides while boosting home delivery needs.
Economy Dec 30Pending homes sales rebound in November
The National Association of Realtors said Monday that its pending home sales index, which measures the numbers of purchase contracts signed, rose 1.2% last month, to 108.5.
Economy May 06Stocks plummet on fears of U.S.-China trade war
Shares in multinational corporations were hammered Monday on both sides of the Pacific after President Donald Trump threatened new tariffs.