Runaway inflation, an unfolding debt crisis, and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen in several decades, prompting a third of G20 countries to identify rising prices as their…
Consumer Confidence in US Housing Market Plunges to Record Low, Says Fannie Mae
November 7, 2022
admin
Business & Marketsconsumer confidenceeconomic policieseconomyFannie Maehousing marketinflationMarketsmortgage ratesreal estaterecessionUSUS NewsUS Real Estate
0 Comment
Consumer confidence in the American housing market plunged to record low last month, according to a new survey. Growing mortgage rates, higher home prices, and economic instability have led to increased pessimism in the housing market nationwide. Only 16 percent of consumers surveyed said that they would consider buying a home in October, according to…
Into a Global Debt Crisis
Commentary There have been three major sovereign debt crisis episodes during the past 200 years. The first one occurred after the Napoleonic wars between 1827 and 1860. The second one occurred during and after the Great Depression and World War II, and the third one during the era of commodity-price and banking crises from around…
Wall Street Opens Higher With Focus on Midterm Elections
Wall Street’s main indexes opened higher on Monday following a rollercoaster week, with investor focus shifting to Tuesday’s midterm elections that will determine control of Congress. The Dow Jones Industrial Average rose 50.88 points, or 0.16 percent, at the open to 32,454.10. The S&P 500 opened higher by 10.16 points, or 0.27 percent, at 3,780.71,…
Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets
LONDON/SINGAPORE—The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market. A survey showed on Monday that investor morale in the eurozone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling…
Oil Stable Below $100/bbl as Market Balances Chinese Data
November 7, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices were stable on Monday, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent COVID-19 containment approach. Brent crude futures rose by 6 cents, or 0.06 percent to $98.63 a barrel at 1026 GMT. U.S. West Texas Intermediate…
Global Benchmarks Advance as Markets Watch China, Inflation
November 7, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Global stocks mostly advanced Monday as investors weighed uncertainties such as the U.S. midterm elections. Oil prices fell and U.S. futures edged lower. France’s CAC 40 lost 0.4 percent to 6,391.90 in early trading, while Germany’s DAX edged up nearly 0.1 percent to 13,470.68. Britain’s FTSE 100 rose nearly 0.1 percent to 7,340.85. The future…
Seniors Feel Cheated as Inflation Dims Their Golden Years
For close to 47 million Americans, it was the best of times, and it was the worst of times. Indeed, the current cost-of-living crisis devastating millions of seniors nationwide has forced many to look back at the choices they made throughout their prime working years. Did they save and invest enough? Did they clock in…
Investors Rush to Safety of Cash at Fastest Pace Since Pandemic Stock Rout
November 5, 2022
admin
Business & Marketseconomic recessioneconomyhigh inflationinflationInvestmentMarketsrecessionS&P 500stock market crashU.S. interest rate hikesUSUS Dollar
0 Comment
With the Federal Reserve maintaining a hawkish stance, investors have been fleeing toward the safety of cash at a record pace. In the week through Nov. 2, investors poured in $62.1 billion into cash, a note from Bank of America (BofA) said citing EPFR Global Data. Since the beginning of October, fund flows into cash…
Starbucks Plans to Tap Young, Wealthy Customers to Weather Recession
Starbucks Corp. topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will weather any coming recession by selling customized cold drinks through its rewards app to grow its ranks of younger, wealthier customers. Demand in North America for pricier drinks remained strong and declines in China were not as bad…
-
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