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Tag: Economy

Economy and Finance

A Reason Why Apple Stock Dropped After They Launched The Iphone 12

Apple on Tuesday (13/10) officially released the iPhone 12 line, which many parties have been waiting for. Unfortunately, after its release, Apple's stock fell by 4%. MarketWatch lists shares of Apple Inc. (AAPL), -0.39%, down 2.65% to US $ 121.10 on Tuesday. The fall of Apple's shares halted the gains that had been achieved for two consecutive days. AAPL closed at US $ 16.88, far below the record high on September 2 which reached US $ 137.98. The performance of this Apple stock looks even worse when compared to a number of its competitors in the same sector on the same day. For example, Microsoft Corp. (MSFT), -0.54%, up 0.66% to US $ 222.86, Alphabet Inc. Cl A (GOOGL), -0.51%, up 0.16% to US $ 1,567.07, as well as International Business Machines Corp. (IBM), -0.83%, down 1.66% to US...
World

The Road to Global Economic Recovery After the Covid-19 Pandemic Ends

The impact of the Covid-19 pandemic on the global economy this year is not as bad as initially thought. International institutions are busy revising the global economic projections better, although they are still contracting. However, economic recovery to pre-pandemic levels has yet to go through a long climb and is prone to falls. In the October edition of the World Economic Outlook report released by the IMF on Tuesday (14/10). The projection for the global economy this year is negative 4.4%, better than June's prediction of minus 5.2%. However, it is estimated that the world economy will grow at a slower pace than the previous prediction, which grew by 5.4% to 5.2%. IMF Chief Economist Gita Gopinath explained that this year's economic projection is better than the initial prediction ...
Economy and Finance

Could Indonesian Economy Grow 5% Next Year?

After being battered in 2020, the Indonesian economy is believed to soar in 2021. The government it self is targeting economic growth in 2021 to reach 5%. Deputy Minister of Finance Suahasil Nazara explained why the government is so confident in these projections. One of the reasons is because of the contraction in the economy this year. "The improvement from seeing yesterday we hope that the conditions in the second quarter of 2020 are sufficiently negative. We hope that gradually there will be an improvement in consumption, improvement in investment and with the support of consumption and government activities, we hope that it will contribute to growth. economy 5%, "he said in a virtual press conference, Wednesday (30/9/2020). Suahasil continued, technically if economic growth is nega...
Economy and Finance

Omnibus Law Becomes A Scenario To Save Indonesia’s Economy From A Crisis

Special Staff of the Minister of Finance Yustinus Prastowo assessed that the Draft on Omnibus Law Job Creation is the policy most likely to be taken by the government to overcome the economic crisis in the midst of the coronavirus pandemic (Covid-19). According to him, the regulatory plan is not the best choice. However, the Job Creation Bill is the most rational option to respond to current conditions. "Omnibus Law In our opinion, is the most likely strategy at this time, not the ideal one. Maybe it is not the best policy, maybe not the second best, but it is the most likely to be taken right now to answer objective needs," he said in a teleconference session, Tuesday (14/7/2020). "That there are definite shortcomings. But whether this is all bad or not. So I believe there are good thin...
Economy and Finance

Beware, The Fed Predicts Tragedy in the US Economy.

Dark clouds are likely to remain clung to the economy of the United States (US). In fact, recovery is still far away and the economy could shift toward danger. This awful figure was repeated by Federal Reserve Chair Jerome Powell. At the yearly gathering of the National Association for Economics and Business, he said the expansion in crown contaminations was again the fundamental factor. "(The second flood of crown) fundamentally restricts financial movement, also the unfortunate impact on life and prosperity," said Powell, cited from CNN International Wednesday (7/10/2020). "Dealing with this danger as extension proceeds will require master clinical direction, including wearing covers and social separating measures." Powell also asked for more fiscal stimulus. This is important, he s...
Economy and Finance

The Impact of Covid-19 On The United States Economy And Trump

At the end of 2019, the world was shocked by the emergence of an epidemic of disease originating from the COVID-19 virus in Wuhan, China. The COVID-19 pandemic is a very serious threat to the health of world citizens and not only that, the existence of this pandemic has made a country experience a crisis due to the inability of community activities in that country so that the country's economy is hampered and even died. Covid-19 Pandemic Hit Trump Administration With a very high level of spread, the COVID-19 virus is rapidly spreading in various parts of the world, counting that to date more than thirty five million people have contracted COVID-19 in the world (WHO, 2020). The United States (US) is one of the countries that has not escaped the impact of the COVID-19 outbreak. Even t...
Economy and Finance

Reasons for the US Economy Recovering Fast from the Corona Pandemic

Economy in some states of the United States began to recover after a pandemic struck coronavirus during the last six months. Some of these recoveries include the real estate sector starting to develop rapidly in Maine, the unemployment rate dropping below 5 percent in Nebraska and the working hours of MSME employees that have started to increase in Rhode Island. Back to Normal Index Moody's Analytics Shows the state's economy has returned to working almost 88 percent of its pre-pandemic March conditions.  This rate is the most noteworthy throughout the previous half year. Despite the fact that not yet completely recouped, these states' bounce back are additionally among the most grounded in the United States. So for what reason would they say they are recuperating such a great amount...
Economy and Finance

Jobless cases were lower than anticipated

First-time claims for joblessness protection beat Money Road gauges a week ago as the U.S. economy enters a basic new stage. Filings added up to 860,000 for the week finished Sept. 12, the Work Division announced Thursday. Financial analysts studied by Dow Jones had anticipated 875,000, against the earlier week's upwardly modified 893,000. The number speaks to a humble downshift in claims, which had hit a pinnacle of 6.9 million in late Walk as the economy shut down to attempt to slow the Covid pandemic. From that point forward, the work market has recouped however millions remain uprooted from work terminations related with the infection measures. The beat on claims had little effect on monetary business sectors, with Money Road opening strongly lower. Mohamed El-Erian, boss financi...
World

World Economy Criticism by Feminist Organizations

Words of economics does come from the Greek word oikos, which means house, but economists never want to know what really happens inside the house. What has been called work from home around the world since the Covid-19 pandemic is ridicule, humiliation, neglect, humiliation, and even obvious economic injustice against anything women do at home. Caring (humans, plants, animals), caring for people, cooking food, washing things, pleasing people, or basically anything that is done at home, which many women do from waking up in the morning to sleeping again at night, no can be recognized as working. And that is why it is forbidden to get the maximum wage / salary as soon as possible. Of course there is no more ironic or even tragic example than a woman named Margaret Douglas. At the age of ...
Economy and Finance

Not the First Time the World Economy is Destroy by the Pandemic

Pandemics that occur in the world have indeed influenced the global economic system and suppressed the economies of all countries. This is because the pandemic forces humans to limit their interactions with others in order to suppress the spread of the virus. Long before the current COVID-19 pandemic, the world economy had also been battered by the Spanish Flu pandemic around 1918. Citing a report compiled by Ally Mintzer on econreview.berkeley.edu, the result of the Spanish Flu at that time also forced world countries to impose restrictions that influencing the consumption pattern of society and the business world so that the wheels of the economy move slowly or even temporarily stop. The incident in 1918 was the worst in the history of the United States (US) because it claimed hundre...