This is what traders are talking about.
Modern Monetary Theory says governments who create their own money can spend freely because they can always print more money to pay off their debts. Find out why people are so interested in it."Being the simple, unsophisticated soul that I am, all I believe the inversion of the yield curve tells us is that the Fed has raised interest rates considerably," Societe Generale strategist Albert Edwards said in a note.
The ride-hailing app lost $911 million last year — see how other unprofitable companies fared after they went public.Jumia, the Alibaba of Africa, last week set the price range for its initial public offering at between $13 and $16 a share. It will trade under the ticker"JMIA."China's Shanghai Composite led the gains in Asia and Germany's DAX was out front in Europe. The S&P 500 was set to open up 0.67% near 2,854.
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