Tag: recession

US Job Openings Rise in September as Fed Plans Another Large Rate Hike

November 2, 2022
Business & Marketseconomic policieseconomyFederal Reservehigh inflationinflationjob marketpersonal financePolicies & ImpactsrecessionUS
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Job openings in the United States continued to expand last month, despite efforts by the Federal Reserve to slow the economy down and lower record high inflation with massive interest rate hikes. There were 10.7 million job openings at the end of September, a rise from August’s reading of 10.1 million, according to the Department…

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Here’s What’s on the Minds of Some of America’s Richest Families

November 1, 2022
Business & MarketsBusiness Columnistseconomygrowth mindsetOpinionrecessionViewpoints
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Commentary  Most of the wealthiest families in the country manage their assets through a structure called a family office. While each family office is different, most of them have in-house accounting for all family assets, tax planning, risk evaluation and control, and succession planning for family wealth and businesses. The best ones do their own…

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Oil Industry Group Slams Biden’s Threats of Windfall Taxes, Restrictions

November 1, 2022
2022 Midterm ElectionsBusiness & Marketseconomic policieseconomyenergyExecutive Branchoil industryPoliticsPresident BidenrecessionUS
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The industry group representing America’s oil industry slammed President Joe Biden’s recent statements threatening windfall taxes and restrictions on oil companies. Biden attacked major U.S. oil companies at a White House press conference on Oct. 31, instructing them to invest more into boosting domestic oil production and to lower consumer prices—or else face possible restrictions….

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Recession Barely Registers at California Forward’s Economic Summit

November 1, 2022
CaliforniaLocal NewsNorthern CaliforniaOpinionrecessionRegional-Local NewsSouthern CaliforniaUSViewpoints
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Commentary Talk about clueless. The California Forward (CA FWD) 2022 Economic Summit was held Oct. 27-28 in Bakersfield. It’s worth examining its “Playbook: Energizing for the Future.” CA FWD, according to its own online description, “leads a statewide movement, bringing people together across communities, regions and interests to improve government and create inclusive, sustainable growth…

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Recession Barely Registers at CA FWD’s Economic Summit

November 1, 2022
CaliforniaLocal NewsNorthern CaliforniaOpinionrecessionRegional-Local NewsSouthern CaliforniaUSViewpoints
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Commentary Talk about clueless. The California Forward (CA FWD) 2022 Economic Summit was held Oct. 27-28 in Bakersfield. It’s worth examining its “Playbook: Energizing for the Future.” CA FWD, according to its own online description, “leads a statewide movement, bringing people together across communities, regions and interests to improve government and create inclusive, sustainable growth…

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Inflation in the Eurozone Hits 10.7 Percent as Growth Sharply Declines

November 1, 2022
Business & Marketseconomic policieseconomyEuropeEuropean Central BankeurozoneinflationMarketsrecessionWorld
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Eurozone inflation rose above 10 percent this month as economies across the 19-nation bloc begin to slow. Rising prices throughout the continent have put immense pressure on countries throughout the region. Preliminary data from the European Union’s statistics agency showed inflation hitting an annual rate of 10.7 percent for October, for the highest monthly reading…

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Wall Street Opens Higher on Hopes of Slowing Rate Hikes

November 1, 2022
Business & MarketsCompanieseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes opened higher on Tuesday, with Nasdaq in the lead, as investors hoped the U.S. Federal Reserve may tone down its aggressive approach on interest rate hikes. The Dow Jones Industrial Average rose 129.84 points, or 0.40 percent, at the open to 32,862.79. The S&P 500 opened higher by 29.81 points, or…

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Dollar Drops as Optimism Spreads Before Fed and BoE Decisions

November 1, 2022
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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TOKYO/LONDON—The U.S. dollar sank from a one-week high against a basket of major peers on Tuesday as the mood in financial markets brightened ahead of key Federal Reserve and Bank of England (BoE) meetings this week. The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth…

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Oil up More Than 1 Percent as Weaker Dollar Offsets China COVID-19 Concerns

November 1, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose $1.38, or 1.49 percent, to $94.19 per barrel at 0951 GMT. The December…

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World Shares Advance, Shrugging Off Wall Street Retreat

November 1, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Hong Kong jumped more than 5 percent and other world markets also advanced after a survey of Chinese manufacturing showed activity has improved. U.S. futures and oil prices rose, while the euro gained but stayed below $1. The monthly manufacturing gauge from Caixin, a Chinese business news magazine, helped to counter renewed concerns about coronavirus…

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