Finance

Here’s What To Watch In Crude Oil Right Now

After experiencing weakness in February and March, crude oil spiked to three-year highs in April due to geopolitical fears associated with the Syria bombing campaign as well as falling inventories. Earlier today, President Trump tweeted that OPEC was to blame for “artificially Very High!” crude oil prices, which he said are “No good and will not…

Wanted: Policies To Encourage And Enable Work In Advanced Economi

from the International Monetary Fund — this post authored by Francesco Grigoli, Zsoka Koczan, and Petia Topalova Population growth in advanced economies is slowing, life expectancy is rising, and the number of elderly people is soaring. Because older workers participate less in the labor market, the aging of the population could slow growth and, in many cases, threaten…

Startup Raises $133 Million To Build A Stable Cryptocurrency

A startup called Basis has raised $133 million from top venture capitalists to build a “stable cryptocurrency” (also called a “stablecoin”). A stablecoin is a cryptocurrency designed to eliminate the high volatility associated with most coins. The goal is to smooth out the ups and downs so the stablecoin is usable as an everyday currency. Basis plans to stabilize…