WASHINGTON—The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve’s aggressive interest rate hikes. Applications for jobless aid fell to 225,000 for the week ending Nov. 26, a decline of 16,000 from the previous week’s 241,000,…
Yen, Pound Hit Strongest in Three Months on Powell Remarks on Fed Slowing
LONDON—The dollar weakened to three-month-lows against the yen and the pound on Thursday, after comments by Fed Chair Jerome Powell that U.S. rate hikes could be scaled back “as soon as December,” but the euro failed to climb past a major resistance level. The aggressive pace of U.S. Federal Reserve rate increases this year has…
How the Boom Bust Works
December 1, 2022
admin
Analysisboom and bustBusiness & MarketsBusiness Columnistsbusiness cycleeconomicsinflationOpinionrecessionU.S. economyzero interest rates
0 Comment
Commentary If you have a house for sale, you might want to get in front of the market and lower the price dramatically now. I know it hurts, but housing prices are highly sensitive to 30-year mortgage rates. The higher the monthly payment goes, the lower the price paid for the home itself will be….
Oil Rises Ahead of OPEC+ Meeting, Easing China COVID-19 Curbs Lend Support
December 1, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil rose on Thursday supported by investor wariness that OPEC+ may cut supply further at its meeting on Sunday and as easing COVID-19 curbs in China raised hopes about higher demand in the world’s top crude importer. Crude gained further support, and the U.S. dollar weakened, after the Federal Reserve Chair opened the door to…
Too Much Stimulus Is Key Cause for a Coming Recession, Says Bank of America CEO
Excessive stimulus spending by governments during the pandemic is a key cause for a coming recession next year, according to a major bank CEO. Too much stimulus money was printed during this time that the United States needs to “adjust to that decision, and that’s why you’re seeing the Fed tighten quick,” Bank of America’s…
Bulls on the Charge After Fed Signals Smaller Hikes Ahead
December 1, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—The bulls were enjoying the good life in Europe on Thursday after the world’s most influential central banker, Jerome Powell, signaled this year’s frantic pace of U.S. interest rate hikes could be about to slow. It was a textbook ‘risk on’ pattern, with both the STOXX 600 and MSCI’s main world stocks index hitting their…
CNN’s Chris Licht Informs Staff ‘Incredibly Hard’ Layoffs Have Begun
CNN on Wednesday informed staff members that layoffs were being initiated at the company amid a bleak outlook for the global economy. In a memo to employees, CNN CEO Chris Licht said the layoffs are “incredibly hard” and described them as a “gut punch.” “Today we will notify a limited number of individuals, largely some of our paid contributors,…
US GDP Rose by Forecast-Beating 2.9 Percent Last Quarter, but Experts See Weakness Behind the Numbers
November 30, 2022
admin
Business & Marketscar salesCorporate ProfitseconomyimportsIndustrial suppliesinflationpersonal incomereal gross domestic productrecessionthird quarter GDPUSUS GDP
0 Comment
The real gross domestic product (GDP) of the United States grew at an annual rate of 2.9 percent in the third quarter of 2022, increasing more than the advance estimate of 2.6 percent issued by the Bureau of Economic Analysis (BEA) last month, but expert analysts are warning against premature celebrations amid a looming recession….
Sweden’s H&M to Lay Off 1,500 Staff in Drive to Cut Soaring Costs and Rescue Profits
November 30, 2022
admin
Business & MarketsCompaniescutseconomic policieseconomyEuropeh&minflationjobMarketsrecessionRetailerSwedishWorld
0 Comment
COPENHAGEN—Swedish fashion giant H&M on Wednesday became the first big European retailer to start laying off staff in response to the cost of living crisis despite a still tight labor market, as it tries to save 2 billion Swedish crowns ($190 million) a year. The move by the world’s No.2 fashion retailer to reduce mainly…
What Will Happen to the Global Economy in 2023?
As the world faces a string of financial challenges, the outlook for the global economy in 2023 is growingly increasingly rife with uncertainties. Higher interest rates, out-of-control inflation, ongoing supply-chain issues stemming from the COVID-19 pandemic, an energy crisis, Russia’s invasion of Ukraine, and other geopolitical events have been key themes this year, and will likely…
-
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