Tag: recession

Yen Surges as BOJ Policy Under Pressure, Dollar Pauses

January 13, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON—The yen surged further on speculation that Japan could revise its ultra-loose monetary policy, while the dollar hovered near its lowest level since June against major currencies. The Bank of Japan is an outlier in clinging to stimulus while most central banks are in rate-hiking mode, but signs of stickier inflation have emboldened some investors…

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China Demand Optimism Sets Oil on Track for Strong Weekly Gain

January 13, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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Oil prices rose on Friday, set to gain more than 6 percent for the week, on solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States. Brent crude futures rose by 5 cents to $84.08 a barrel by 0746 GMT, off a session…

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Yen Soars as Markets Test BOJ, Stocks Cheered by Inflation Retreat

January 13, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—World stocks scaled one-month peaks on Friday thanks to signs inflation is easing, while the yen jumped to seven-month peaks and Japanese bond yields breached a central bank target as investors challenged its commitment to loose monetary policy. European shares opened higher and the broad STOXX 600 index touched its highest since April, while Asian-Pacific…

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To Say That Inflation Is Fine Is an Illusion

January 12, 2023
Business & MarketsBusiness Columnistsconsumer price indexCPIinflationOpinionrecessionU.S. economyViewpoints
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Commentary It’s CPI day today, with all the predictable blather and nonsense about how what you absolutely know to be true is certainly not true because the experts say otherwise. This keeps happening these days: we know one thing—in this case that our purchasing power is being slammed—but regime spokesmen keep saying we are wrong….

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Coinbase to Cut a Fifth of Its Workforce in a Second Round of Layoffs

January 12, 2023
Business & MarketscoinbaseCompaniescrypto exchangecryptocurrencyeconomyInvestmentjob cutsMarketsMedia & Big TechrecessionUS
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Coinbase will be cutting a fifth of its workforce following an earlier staff reduction in June 2022 in an attempt to preserve its assets as the crypto industry faces a severe downturn. Some of the largest firms in Silicon Valley in general have been delivering a steady stream of job cut announcements in recent months….

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Yen Jumps, Dollar Steady Ahead of US Inflation Data

January 12, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON—The yen got a boost on Thursday, while the dollar held near a seven-month low against the euro ahead of U.S. inflation data later in the day. The Japanese yen rose as much as 0.8 percent to a session high of 131.36 per dollar in Asian trade. The yen last bought 131.70 per dollar. Elsewhere,…

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Oil Rises on China Demand Hopes, US Inflation in Focus

January 12, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose about 1 percent on Thursday supported by optimism over China’s demand outlook and hopes that upcoming inflation data from the United States will point to a slower increase in interest rates. Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting optimism that demand for fuel will…

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Stocks Hold on to Gains Ahead of US Inflation Test

January 12, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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MILAN—World stocks held on to modest gains on Thursday on cautious optimism that U.S. data will confirm inflation is softening, while the yen rose with a report Japan will this month review the side-effects of its ultra-easy policy. A MSCI gauge of world stocks rose 0.2 percent to a four-week high by 0831 GMT ahead…

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In ESG Debate, Some See Threat to Livelihood, Traditional Values

January 11, 2023
BrightBusiness & Marketscancel culturecoalcongressDefending Americaeconomic policieseconomyenergyEnvironmentESGExecutive BranchFeatured TopicsFederal-State RelationsGold and CommoditiesInspiredInvestmentKentuckyMarketsPoliticsrecessionRegional NewsRegional-Local NewsRepublicansScienceSocial Issuesstockstraditional valuesUSUS FeaturesUS NewsWest Virginia
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Charlie Masters, Kentucky farmer, has watched the prices rise. Diesel fuel and nitrogen fertilizer, two of the most critical ingredients for running his Fleming County beef and produce operation, are still costlier than just two years ago. That’s partly due to recent fluctuations in the prices of oil and natural gas. What’s behind those trends?…

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The White-Collar Recession

January 11, 2023
Business & MarketsBusiness ColumnistsinflationOpinionrecessionU.S. economyViewpoints
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Commentary Finally we seem to be hitting on a phrase to describe, at least in part, a feature of the current economic environment. The phrase is white-collar recession. It points to a reality these pages have covered in detail over the last year. The professional/managerial sectors of the U.S. economy were inflated beyond anything sustainable….

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