Budget deficit hits $2.81 TRILLION in just 10 months and is on track to be far more than DOUBLE the $1.4 trillion all-time record set in 2009 Federal government has spent $2.81 trillion more than it took in so far in the 2020 fiscal year, which ends on September 30 Previous record was $1.4 trillion … Read more
Apple’s App Store facilitated half a trillion dollars in commerce last year, a new study reveals. The App Store ecosystem supported $519 billion in billings and sales globally in 2019 alone, according to independent economists at Analysis Group. The highest value categories were mobile commerce apps, digital goods and services apps, and in-app advertising, while games … Read more
Britain’s national debt set to hit £2 trillion for first time as cost of Covid-19 pandemic soars By Hugo Duncan for the Daily Mail Published: 22:16 BST, 29 May 2020 | Updated: 22:16 BST, 29 May 2020 Britain’s national debt is set to hit £2 trillion for the first time as the cost of the … Read more
Scientists say they’ve developed a camera that can record 70 trillion frames per second and could be used to capture nuclear fusion, radioactive molecule decay or astronomical events that are light-years away. The ‘compressed ultrafast spectral photography’ (CUSP) device, which emits extremely short laser pulses, can capture waves of light in motion, or the fluorescent delay … Read more
Google set to follow Apple, Amazon and Microsoft to become the fourth tech firm with a $1 trillion market value By Daily Mail City & Finance Reporter Published: 21:51 BST, 13 January 2020 | Updated: 21:54 BST, 13 January 2020 Google’s parent company was poised last night to become the fourth tech group to reach … Read more
Amazon is now worth $1.1 trillion after its shares hit a record high Tuesday amid surging online orders during coronavirus lockdowns. As of Tuesday afternoon Amazon’s stock was up more than four per cent closing at $2,283.32 per share. That topped the online retail giant’s previous high of $2,170.22 per share on February 19. With stocks … Read more
Coronavirus could cost the global economy $4.1 trillion – five per cent of worldwide output – Asian Development Bank warns Asian Development Bank says coronavirus could cost economy $4.1 trillion The estimated impact is equivalent to nearly five percent of worldwide output Crisis has sent equity markets spinning as traders fret over the long-term impact … Read more
The House on Friday passed a $2 trillion coronavirus rescue package, defeating a move by a rogue lawmaker to hold up a vote on the legislation, which now heads to President Donald Trump for his signature. The threat from Republican Congressman Thomas Massie of Kentucky united President Trump, Speaker Nancy Pelosi and House GOP Leader Kevin … Read more
The Senate has passed an unparalleled $2 trillion economic rescue package to respond to the coronavirus pandemic, clearing the way for the House to vote on the measure followed by President Donald Trump’s signature. The bill passed the Senate unanimously by a vote of 96-0 late on Wednesday night after days of contentious debate and negotiations. … Read more
Democrats indicate they are finally ready to sign the phase three economic stimulus package Wednesday, which includes a measure that prohibits Donald Trump’s family businesses from receiving benefits from the coronavirus relief. Senators were finally able to strike a deal overnight on the $2 trillion rescue package to address the fallout from the coronavirus outbreak, … Read more