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Boom Bust

RT

The boom/bust cycle is as old as Western banking itself. Our hosts break through the mainstream headlines to find the stories that matter, and help you navigate the booms and the busts.

Oct 17, 2020 08:39

FCC crackdown on social media

The Federal Communications Commission has moved to target social media giants following outrage over alleged censorship.

Oct 16, 2020 06:40

Sparring over Brexit deadline deal

Tensions are on the rise across the Atlantic as Brexit talks hit a rocky patch, imperiling the fate of trade between the UK and the rest of the bloc. And as Europe has seen large increases in cases of Covid-19, nations are reinstituting more restrictive measures to stop the spread of the coronavirus. Plus, US jobless claims are on the rise, spiking to their highest levels since August.

Oct 15, 2020 07:38

EU slaps fresh sanctions on Russia

Tensions are on the rise between Russia and the European Union as sanctions are imposed over the poisoning of Alexey Navalny. Elsewhere, amid the ongoing trade war between the world’s two largest economies, China’s US imports have exploded in the lead-up to the 2020 presidential election, increasing the trade gap at a critical time.

Oct 14, 2020 13:47

IMF revises global growth for 2020

A year of economic turmoil takes a slight turn for the better, as the International Monetary Fund revises its 2020 global outlook. Plus, one of the major giants in the Covid-19 vaccine race has hit the brakes, following an unexpected event in trials. Meanwhile, central banks around the world are coming together to decide on rules for digital currencies, specifically, stable coins. These are coins that would be used in cross-border transactions, such as Facebook’s Libra.

Oct 13, 2020 09:32

US Covid-19 stimulus talks stall out

Covid-19 relief talks in the United States have stalled once again while global markets surge ahead of a busy earnings week. Plus, the OECD says disputes over a proposed digital tax could cause a yearly decline in global GDP. Meanwhile, the US campaign against Huawei seems to have succeeded in shutting down the Chinese telecom giant’s reach worldwide, but the attempt to block Huawei from accessing semiconductors is failing in parts of Europe.

Oct 10, 2020 08:28

Justice Dept releases crypto guidelines

A committee consisting of global central banks is looking at possible guidelines for enforcing cryptocurrency laws, but one major economy is not part of those talks. Meanwhile, global markets are up on hopes that the US will pass a coronavirus relief bill, while investors are keeping a close eye as we approach the presidential election. Plus, holiday shopping is starting early this year as stores are utilizing safer alternatives such as curbside pickup amid the pandemic.