Allianz chief economic adviser Mohamed El-Erian expresses his concern about the labor market and its ability to continue to power consumption in America.
The World Economic Forum, which is a smattering of “masters of the universe,” including Bill Gates, George Soros, Chancellor Angela Merkel, President Donald Trump and others, will likely be virtual this year for the first time ever.
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People with direct knowledge of the matter tell FOX Business the forum, in which celebrities hobnob with some of the world's cerebral economists and investors, in Davos, Switzerland annually, is moving toward having an entirely virtual conference in 2021 amid the global COVID-19 pandemic.