Commentary In February, we wrote in The Epoch Times that rising inflation and the ensuing increase in mortgage rates would reduce the value of American homes. We spoke to real estate experts on the topic as well and encouraged homeowners who wanted to sell to move quickly. We’re now seeing transaction volume dwindle as fewer…
Rising Interest Rates Are Causing the Real Estate Market to Lose Liquidity
First ‘Golden Arches’ Taken Down as McDonald’s Exits Russia
McDonald’s removed its signature “Golden Arches” sign from one of its locations near Moscow on Monday following an earlier announcement that it was withdrawing from the Russian market as a consequence of the country’s invasion of Ukraine. The fast-food giant removed its sign from a McDonald’s location in Khimki, a Russian city several miles north…
May Economic Survey Shows a Decline in US Economic Growth and Faster Inflation
Analysts are projecting that the U.S economy will be facing slower growth and faster inflation at the end of 2022, according a survey of economists by the National Association for Business Economics survey on May 23. This latest survey of 53 NABE members was conducted May 2-10 and forecasts worsening developments since the last was…
Labor to Inherit a Better Budget than Predicted: Standard & Poor’s
May 23, 2022
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Global credit rating agency Standard & Poor’s (S&P) has said that the federal budget to be passed down to the incoming Labor government is in better condition than previously forecast. In addition, it said that Australia’s AAA rating and its stable outlook would remain unchanged despite the new government taking office. This comes after Prime…
LIVE UPDATES: Moscow Not Sure It Needs Ties With West, Will Work on Ties With China: Lavrov
The latest on the Russia–Ukraine crisis, May 24. Click here for updates from May 23. Moscow Not Sure It Needs Ties With West, Will Work on Ties With China: Lavrov Russia’s foreign minister said on Monday that Moscow would consider offers from the West to re-establish ties and determine whether that is needed, but will…
LIVE UPDATES: Russia Launches All-Out Assault to Encircle Ukraine Troops in East
The latest on the Russia–Ukraine crisis, May 24. Click here for updates from May 23. Russia Launches All-Out Assault to Encircle Ukraine Troops in East Russian forces were launching an all-out assault to encircle Ukrainian troops in twin cities straddling a river in eastern Ukraine on Tuesday, a battle which could determine the success or…
LIVE UPDATES: US Still ‘a Ways Away’ From Sending Troops Back Into Ukraine: General
The latest on the Russia–Ukraine crisis, May 24. Click here for updates from May 23. US Still ‘a Ways Away’ From Sending Troops Back Into Ukraine: General The United States is still “a ways away” from any possible decision on whether to reintroduce U.S. troops into Ukraine, Gen. Mark Milley, chairman of the Joint Chiefs…
Russian Ruble Leaps to Near 7-year High vs Euro
The Russian ruble firmed more than 6 percent against the euro on Monday to a near seven-year high, boosted by capital controls, strong oil prices, and an upcoming month-end tax period. By 1338 GMT, the ruble had gained 6.3 percent to trade at 58.75 versus the euro, its strongest point since early June 2015. It…
JPMorgan CEO Speaks of ‘Big Storm Clouds’ Over US Economy
JPMorgan Chase CEO Jamie Dimon spoke to investors on Monday at the company’s first investor day since the outbreak of the CCP (Chinese Communist Party) virus, taking stock of the troubles that threaten the U.S. economy while also highlighting reasons for optimism under the circumstances. In his remarks, Dimon described a “strong economy” with “big…
Wall Street Ends Higher Following 7 Straight Weeks of Losses
NEW YORK—Stocks closed broadly higher Monday, an upbeat start to the week on Wall Street after seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.9 percent, with technology and financial sector stocks doing much of the heavy lifting for the benchmark index. The Dow…
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