According to a new poll from Gallup released May 4, less than a third of Americans believe it is a good time to buy a house due to high interest rates, supply chain problems, and climbing inflation. Gallup’s annual Economy and Personal Finance poll was conducted April 1–19, coinciding with the median sale price of U.S….
Record Low Number of People Looking to Buy Homes in 2022: Gallup
May 4, 2022
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Business & Economyeconomyhousing pricesinflationInvestmentreal estateu.s. real estateUSUS Real Estate
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Apple Workers at Maryland Store Become the Third Attempt to Unionize
Workers at an Apple store in Maryland have announced their first steps to unionize, becoming the third store to start such an effort, setting up a potential labor battle with Apple, according to a report from The Washington Post. The International Association of Machinists and Aerospace Workers (IAM) confirmed on May 3 that they have been coordinating with organizers at…
Inflation Is Top Concern for 80 Percent of US Small Business Owners: Bank of America
May 4, 2022
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bank of america surveyBusiness & Economyeconomyhigh inflationsmall business challengesmall business ownersUSUS News
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Small-business owners in the United States are now more pessimistic about the future of the American economy, even though they expect revenues to increase, and inflation is their primary concern, according to the 2022 Small Business Owner survey published by the Bank of America (BoA). The share of small-business owners who expect their local economies…
Bill Gates Claims Elon Musk Could Make ‘Misinformation’ Worse
May 4, 2022
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Big Tech, Censorship, and SocialismBill GatesBusiness & EconomyCompaniesElon MuskFeatured TopicsMedia & Big TechSocial MediaTechUSUS News
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Former world’s richest person Bill Gates cast criticism on current richest person Elon Musk’s plan to purchase Twitter and suggested that his ownership of the platform would allow for more so-called misinformation to proliferate. Speaking to the Wall Street Journal, Gates claimed that Musk “actually could make it worse,” referring to misinformation. “That’s not his track…
European Commission President Proposes Complete Ban on Russian Oil Imports
May 4, 2022
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Business & EconomycommoditiesEuropeMarketsRussian Oil BanRussian Oil Tradesanction Russian oil importWorld
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European Commission President Ursula von der Leyen has called on the European Union’s 27 member states to ban the import of Russian oil as part of the sixth package of sanctions against Moscow following Russia’s invasion of neighboring Ukraine. “Let us be clear: it will not be easy. Some member states are strongly dependent on…
Federal Reserve Boosts Rates by Half-Point, the Most Since 2000
The Federal Reserve raised interest rates by the most since 2000 on May 4 as part of efforts to fight 40-year-high inflation. Officials serving on the Federal Open Market Committee (FOMC) agreed to increase the benchmark fed funds rate by 50 basis points, bringing it to a target range of 0.75 percent to 1 percent….
Federal Reserve Hikes Rates by 50 Basis Points, the Most Since 2000
The Federal Reserve raised interest rates by the most since 2000 on Wednesday as part of efforts to fight 40-year-high inflation. Officials serving on the Federal Open Market Committee (FOMC) agreed to hike the benchmark fed funds rate by 50 basis points, bringing it to a target range of 0.75 percent to 1 percent. Investors…
Federal Reserve Hikes Rates by Half Point, the Most Since 2000
The Federal Reserve raised interest rates by the most since 2000 on Wednesday as part of efforts to fight 40-year-high inflation. Officials serving on the Federal Open Market Committee (FOMC) agreed to hike the benchmark fed funds rate by 50 basis points, bringing it to a target range of 0.75 percent to 1 percent. The…
China Sees the Greatest Capital Outflows on Record, Says IIF
Capital outflows from China in the first quarter were the largest on record, a new report (pdf) from the Institute of International Finance (IIF) found. According to data compiled by the IIF, foreign investors sold Chinese equities and bonds, with local currency bonds representing a majority of the outflows. The world’s second-largest economy witnessed inflows,…
Starbucks Announces Wage Increases Across US Stores but Won’t Apply to Unionized Employees
Starbucks is raising pay for employees across its stores in the United States but the wage increase won’t apply to unionized stores, the company said. CEO Howard Schultz announced the move during an earnings call on Tuesday and noted that the company will also be investing in modernized training and collaboration as well as store innovation, among other…
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