Tag: recession

There Really Is No Middle Class Any Longer

October 31, 2022
Business & MarketsBusiness Columnistseconomic policieseconomyinflationmiddle classOpinionPolicies & ImpactsrecessionUSViewpoints
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Commentary  There was a time when a large portion of Americans belonged to the “middle class.” It meant you could afford a decent living standard, such as owning a house and a car and had savings in the bank. When “baby boomers” reminisce about the “good ole days,” they are referring to when being middle-class…

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What Is Next for the United Kingdom?

October 31, 2022
Bank of EnglandBoris JohnsonBusiness & MarketsBusiness ColumnistseconomyenergyEuropeliz trussOpinionrecessionRishi SunakUKUnited KingdomViewpointsWorld
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Commentary  I wrote an article recently which stated that Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng might have cut their careers short. I did not expect both of them to be gone so soon. Now there is a new prime minister and a new chancellor. In the rush to replace Liz Truss,…

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Has the Big Tech Bubble Burst?

October 31, 2022
AnalysisBig TechBusiness & MarketsBusiness Columnistsfinancial marketsOpinionrecessionstock markettech stocksU.S. economy
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Commentary The extraordinary gains on Wall Street from Oct. 28 were stunning, but it’s the details that matter. What didn’t participate in the sudden exuberance were the tech stocks that have performed so well over the past three years and even dating back to 2009. The enthusiasm was all about value stocks, those old-fashioned companies…

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Wall Street Opens Lower as Investors Await Fed Signal

October 31, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes opened lower on Monday, capping a month dominated by mixed earnings reports and expectations of the U.S. Federal Reserve toning down its hawkish stance on inflation. The Dow Jones Industrial Average fell 107.53 points, or 0.33 percent, at the open to 32,754.27. The S&P 500 opened lower by 19.21 points, or…

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World Markets Mixed Ahead of Fed Rates Decision

October 31, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—World stock markets were mixed on Monday ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again amid investor hopes the U.S. central bank will scale back plans for more increases. Germany’s DAX gained 0.2 percent to 13,269.55 and Britain’s FTSE 100 was flat at 7,049.25. In…

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Dollar Climbs Ahead of Busy Week for Central Banks

October 31, 2022
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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SINGAPORE/LONDON—The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve. The euro slid 0.5 percent to $0.9919, sterling lost 0.56 percent to $1.1549, and the dollar…

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Oil Falls on China COVID-19 Curbs and Weak Factory Data

October 31, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell by more than $1 on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped $1.17, or 1.2 percent, to $94.60 a barrel by 0900 GMT, extending Friday’s 1.2 percent decline. U.S. West Texas Intermediate…

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[PREMIERING NOW] The Best Way to Fight Inflation: Nick Recce

October 28, 2022
Business & Marketseconomic policieseconomyenergyEnergy policyEpochTVFederal ReserveFresh Look AmericainflationInvestmentLive VideosMarketsrecessionUSVideo
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Nick Reece is vice president of investment strategy at Merk Investments. His research focuses on the market and the economy. Throughout the pandemic, Reece’s predictions for the economy and the stock market have been highly accurate. Now, with the Federal Reserve hiking interest rates in a bid to fight inflation, Reece admits it could do…

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The Best Way to Fight Inflation: Nick Reece

October 28, 2022
Business & Marketseconomic policieseconomyenergyEnergy policyEpochTVFederal ReserveFresh Look AmericainflationInvestmentLive VideosMarketsrecessionUSVideo
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Nick Reece is vice president of investment strategy at Merk Investments. His research focuses on the market and the economy. Throughout the pandemic, Reece’s predictions for the economy and the stock market have been highly accurate. Now, with the Federal Reserve hiking interest rates in a bid to fight inflation, Reece admits it could do…

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The US Economy Is Sick

October 28, 2022
Business & MarketseconomyFederal ReserveinflationOpinionrecession
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Commentary President Joe Biden has tried hard to sound positive on the U.S. economy. He has told the American people that it is doing better than most other economies. He is correct, but it means little to most Americans. After all, they live here, not in some other economy. And though they are aware U.S….

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