LONDON—Oil gave up early gains on Friday and was on track for a second weekly decline, pressured by concern about weakening demand in China and further interest rate rises by the U.S. Federal Reserve. China has seen a rise in COVID-19 cases, while hopes for the moderation of aggressive U.S. rate hikes have been dented…
Oil Heads for 2nd Weekly Decline as Demand Concerns Weigh
November 18, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
World Stocks Eye 1 Percent Weekly Loss, US Yield Curve Indicates Recession
November 18, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON/SYDNEY—World stocks were heading on Friday for a 1 percent loss on the week, drifting from recent two-month highs after U.S. Federal Reserve officials fired more warning shots on interest rates, while the U.S. bond yield curve priced for a recession. The dollar and bond yields rose after St. Louis Fed President James Bullard said…
California Faces $25 Billion Budget Deficit, Could Be Worse If Recession Hits
November 17, 2022
admin
budgetBusiness & MarketsCaliforniaeconomyinflationLocal NewsNorthern CaliforniarecessionRegional-Local NewsSouthern CaliforniaUS
0 Comment
California could face a $25 billion budget deficit in 2023–24, despite raking in a record-setting $98 billion budget surplus this year, according to an analysis that comes days after midterms election, in a state where the Democratic party enjoys a supermajority. “The budget problem is mainly attributable to lower revenue estimates, which are lower than…
New Measure of Inflation Expectations Jumps to Record High as Americans Brace for Even Higher Prices
A weekly measure of inflation launched in February last year has surged to a record high, and is predicting a tougher inflationary environment for American consumers ahead. The Indirect Consumer Inflation Expectations (ICIE) is a joint effort between economists from the Federal Reserve Bank of Cleveland and Morning Consult. It asks survey participants how their…
British Supermarkets Start to Ration Eggs
Major supermarket chains Asda and Lidl have started to ration the number of boxes of eggs customers can buy owing to supply chain issues. Both stores said the measure is temporary and because of avian flu which has disrupted the supply of some egg ranges. Waitrose said it had not introduced any limits but was…
Fewer Americans File for Jobless Benefits Last Week
WASHINGTON—The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market. Applications for jobless claims for the week ending Nov. 12 fell by 4,000–222,000 from 226,000 the previous week, the Labor…
Labor Markets Likely to Stay Tight Despite Recession: Study
November 17, 2022
admin
Business & Marketseconomyhiring freezejob cutspopulation growthrecessionU.S. labor marketUSwage cuts
0 Comment
Even if an economic downturn were to materialize, labor markets will likely remain tight and companies will find it harder to hire and retain employees, according to a new joint report by Indeed and Glassdoor. “The economies of many countries could slow or even fall into recession as central banks work to lower inflation. But…
Wall Street Opens Lower After Mixed Economic Data, Hawkish Fed Comments
Wall Street’s main indexes opened lower on Thursday as mixed economic data and hawkish comments from a Federal Reserve official spurred concerns that the U.S. central bank would not tone down its aggressive stance on interest rate hikes. The Dow Jones Industrial Average fell 224.6 points, or 0.67 percent, at the open to 33329.27. The…
Microsoft CEO Sees Headwinds In 2023, but ‘Optimistic’ on US Amid Recessionary Storm
Microsoft CEO Satya Nadella acknowledged Thursday that “no industry is immune from macroeconomic issues,” but said he remains “optimistic” about the U.S. economy. Speaking in an interview with CNBC, Nadella said that 2023 will definitely be a year of “challenges” similar to those faced in 2022, but added that he, as well as other business leaders, are hopeful…
J.P.Morgan Predicts a Mild US Recession Next Year
J.P.Morgan economists predict a “mild recession” in the United States in the back half of next year given expectations for the Federal Reserve to tighten monetary policy further in its battle against inflation. The investment bank sees the economy contracting by 0.5 percent by the fourth quarter of next year, and possibly dragging into 2024….
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta