Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were … Continue reading
The month of August sure has started off with a bang. Tech stocks are crashing, oil is crashing, industrial commodities are crashing, Greek stocks crashed the moment that the Greek stock market reopened for trading, and Chinese stocks continue to crash. By Michael Snyder At this point we have not seen a broad crash of … Continue reading
Originally posted on Fortune:
Punishing inflation and extremely limited supply have made smartphones extraordinarily rare and expensive in Venezuela, Bloomberg reports. Only two or three stores in the capital city of Caracas even stock high-end phones because vendors must go through the government to acquire inventory. Meanwhile, the country is suffering from a severe shortage…
The newest part of the Russian Federation, the Crimea peninsula is now cut off from PayPal and Google products and services, as sanctions forbid US companies from providing services to the region. “Unfortunately, currently we are not able to provide our services to the clients in Crimea. We apologize for any related inconveniences,” a PayPal … Continue reading