Similar to other emerging countries, the internet penetration rate is much higher in urban areas than rural areas in China. More people are also using the web and mobile phone apps to perform everyday’s activities such as reading news, managing wealth, etc. In June 2015, the percentage of people using mobile phones to trade stocks was …
Continue reading ‘Infographic: How Internet Has Transformed Life In China’ »
Coal production in the U.S. dropped to below 900 million short tons according to EIA. The average number of employees in coal mines declined by 12% year-over-year and reached 65,971. The major US coal producers in 2015 are listed in the table below: Source: US EIA The top five producers are Peabody Energy Corp (BTUUQ), Arch Coal …
Air travel in the US is one of the miserable experiences that most of passengers have to put with. Today fellow blogger and Founder and chief investment officer Barry Ritholtz of Ritholtz Wealth Management posted a link to an interesting article in The New Yorker that discussed why and how airlines make their customers suffer. From …
Continue reading ‘Why Do US Airlines Make Passengers Suffer? Because They Can’ »
President-Elect Trump has announced that he will withdraw from the Trans-Pacific Partnership (TPP) on his first day in office. In addition he has also proposed to tear up other trade deals the US has with countries around the world such as the NAFTA with Canada and Mexico or enact barriers such as tariffs. So the question now …
Continue reading ‘U.S. Economy: Is A Recession Inevitable?’ »
Credit Suisse recently published its annual the Global Wealth Report for this year, The below chart shows the The Global Wealth Pyramid 2016: Click to enlarge Source: Global Wealth Report 2016, Credit Suisse The majority of the world’s population or about 3.5 billion people (73% of total adults) have less $10,000 in wealth. The top of the pyramid or 0.7% of …