Category: Business

10% wealthiest Americans own 89% of all the US Stocks

The 10% wealthiest of Americans now own 89% of the US stocks. It is a record high that highlights the role of the stock market, which is increasing with its wealth inequality. The top 1% has gained more than $6.5 trillion in corporate equities and mutual fund wealth during the pandemic. On the other hand,…

White House says, US is seeking a responsible competition with China

The United States is now looking for competition with China. The White House says that the country now wants competition in a responsible manner. This news is coming after a day when two countries have agreed to have a virtual leadership summit before the end of the year. The Deputy Press Secretary of the White…

US Justice Department alleges suspicion manipulation in Platts benchmarks

The U.S Justice Department is having an investigation for the suspected manipulation of the energy pricing benchmarks that S&P Global Platts has published. It has expanded the crackdown of the agency on the misconduct in the market of global commodities. London- based Platts is a data and news provider. It focuses on energy, metal, and…

Tariffs, seizures expose the import vulnerability of US solar industry

The US solar industry growth gets fuel from cheap imports. Now the surging trade and transport issues are exposing that the dependence on a vulnerability is slowing shipments. It is further putting the big projects at risk. Tighter availability of the forge panels could affect the blooming industry and can set back the efforts of…