China’s vanished current-account surplus will change the world economy

NOT long ago China was a leading culprit in global economic imbalances. Whether blame was ascribed to its undervalued yuan or its frugal people, the problem seemed clear. China was selling a lot abroad and buying too little back. One data-point summed this up: its currentaccount surplus reached 10% of GDP in 2007, well above […]

A crypto startup that vanished and changed its website to the word ‘penis’ allegedly stole the identities of its team

Flickr/Eli Christman Three blockchain experts linked to an illegitimate startup called Prodeum told Business Insider they have nothing to do with the organization and are victims of identity theft. The startup, Prodeum, raised $ 11 in an online fundraiser before disappearing on Sunday. Prodeum’s website went blank late Sunday aside for the text “penis” in […]

6 Things I Learned From My Vanished Flight Experience

6 Things I Learned From My Vanished Flight Experience Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not […]

Millions of Western dollars meant to save ‘lost generation’ of Syrians vanished – HRW

Millions of dollars pledged by the international community to pay for the education of Syrian refugee children has gone missing, according to an investigation by Human Rights Watch (HRW). In 2016, a conference in London attended by German Chancellor Angela Merkel, as well as David Cameron and John Kerry, then-UK prime minister and US secretary […]

A key short-term boost for stocks has vanished for the first time in 17 years

REUTERS/Lucas Jackson Traders have not been this unresponsive to earnings announcements in nearly two decades.  The rate of earnings beats in the second quarter is above its five-year average, at 73% of S&P 500 companies that reported through Friday according to FactSet. Corporate America is also giving less negative guidance about the third quarter than usual. But […]