More than seven months and with no signs of slowing down, the protests in Hong Kong have caused major ripple effects throughout the economy. The protests, along with trade tensions between the U.S. and China, have sent the Hong Kong economy into a recession.To understand the cause of the protests, click on this summary by the BBC.
How many streaming video services did you pay for in 2019? Forbes reports that the average American household subscribed to 3.4 services in 2019, as more and more platforms came available. Forbes projects that 40.2 million American households will have eliminated their TV subscriptions by the end of 2019, compared to 86.5 million people who will still have their TV subscribers.
The two largest economies in the world -- the United States and China -- are in a months' long trade dispute. President Donald Trump has accused China of unfair trade practices, while China sees the United States trying to disrupt its rise to an economic power. The trade dispute has seen both countries levy tariffs on each other's goods. For more information, read the BBC's guide to the tensions.
Britain is scheduled to leave the European Union January 31, 2020 pending approval from the English Parliament. The departure is set to take place more than three years after the public voted to leave the EU, as Britain will become the first member state to withdraw from the EU. For more information, read the BBC's summary.
The United States economy remains very strong with the longest economic expansion ever recorded despite a weakening global economy. That includes the stock market with all three major indexes along the New York Stock Exchange, the Dow Jones Industrial Average, the S&P 500 and the NASDAQ, having surpassed all-time highs in 2019. For more information on the success of the markets, read The Wall Street Journal synopsis from the NASDAQ crossing the 9000 threshold.
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