BANGKOK—Shares gained Monday in Europe after retreating in Asia, where they tracked Wall Street’s latest decline. Last week, U.S. shares suffered their worst setback since early December. Reports on inflation, the jobs market, and retail spending have come in hotter than expected, leading analysts to raise forecasts for how high the Federal Reserve will have…
World Shares Mixed After Latest Wall Street Retreat
February 27, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
Think Twice Before Tinkering With Peoples’ Retirement Savings
February 26, 2023
admin
AustraliaBusiness & Marketseconomic policiesInternationalJim ChalmersOpinionSuperannuationViewpointsWorld
0 Comment
Commentary Honey pots attract bees as well as wasps. So it would seem the $3.3 trillion (US$2.3 trillion) sitting in various super funds for the retirement benefit of Australian workers attracts interested parties. Such a huge sum of money can be very influential. Those administering such eye-watering amounts have a huge impact on investment for…
Biden Admin Proposes to Block Half of Current Gas Range Models
February 25, 2023
admin
Business & MarketsDepartment of Energyeconomic policiesExecutive Branchgas stovePolicies & ImpactsPoliticsregulationUSUS News
0 Comment
A new regulation proposed by the Department of Energy (DOE) would block half of current gas stove models from the market, an analysis by the federal agency shows. In a proposed regulation published at the beginning of February, DOE set a maximum annual gas consumption of 1,204 thousand British thermal units (kBtu), also known as…
White House Announces First Offshore Wind Lease Sale
February 24, 2023
admin
Biden administraitonBusiness & MarketsDemocratseconomic policieseconomyenergyExecutive Branchgreen energyMarketsOffshore Windoil and gas leasesPolicies & ImpactsPoliticsUS
0 Comment
The White House announced its first offshore wind lease sale in the Gulf of Mexico, to open up those waters for companies to bid construct wind energy facilities, after curbing gas and oil company drilling. The Biden administration said that this sale is an opportunity to contribute to America’s transition to “clean energy.” The Feb. 22…
IMF Opposes Making Cryptocurrency Legal Tender
February 24, 2023
admin
Business & MarketsCBDCscryptocurrenciescryptocurrencyeconomic policieseconomyIMFInternationalMarketspersonal financeUSWorld
0 Comment
The International Monetary Fund (IMF) recommended that cryptocurrencies like Bitcoin should not be legal tender, and issued an action plan to member states. The IMF released a nine-point action plan on Feb. 24 on how countries could suppress the popular use of crypto assets. On Feb. 8, the financial agency’s executive board provided guidance to IMF…
California Legislative Analyst Discovers ‘Seiler’s Law’ on Budget Spending Limit
February 24, 2023
admin
budgetBusiness & MarketsCalifornia Legislative Analysteconomic policiesNorthern CaliforniaOpinionRegional & State NewsSouthern CaliforniaState NewsUSViewpoints
0 Comment
Commentary Back in 2003, I was perusing some state budget documents and found an interesting correlation. When state general-fund spending rose above 6.2 percent of the income of Californians, inevitably the state would run deficits, get into budget trouble, and end up having to make sharp budget cuts and tax increases. The data came from…
Yellen Says US Inflation Coming Down but Core Measures Remain Elevated
BENGALURU—U.S. Treasury Secretary Janet Yellen said on Friday that U.S. inflation was coming down but there was still more work to do to bring it in line with the Federal Reserve’s 2 percent annual target. Yellen also told reporters on the sidelines of a G20 finance ministers and central bank governors’ meeting near the Indian…
Bank of Japan’s Next Chief Says Monetary Easing Policy Still Necessary
Bank of Japan (BOJ) governor nominee Kazuo Ueda said on Friday that maintaining Japan’s monetary easing policy is necessary to support the economy, despite the side effects it has on financial intermediation. At a confirmation hearing in parliament, Ueda said that he believed it is “appropriate” to continue monetary easing to achieve the bank’s 2…
American Housing Market Loses $2.3 Trillion of Value
February 24, 2023
admin
30-year mortgageBusiness & Marketseconomic policieseconomyhomebuyer demandmortgage affordabilityreal estaterising mortgage ratesU.S. housing marketUSUS NewsUS Real Estate
0 Comment
The U.S. housing market lost more than $2 trillion in home value during the second half of 2022 as homebuyer demand waned amid elevated mortgage rates, even as home prices fell 11.5 percent from their May peak, according to real estate brokerage Redfin. At the end of 2022, the total value of U.S. homes was…
German Economy Shrinks 0.4 Percent in 4th Quarter, Weak Start to 2023 Seen
BERLIN—The German economy contracted more strongly than expected in the final three months of 2022, as inflation and the energy crisis took their toll on household consumption and capital investment. The German economy shrank by 0.4 percent in the fourth quarter of 2022 compared with the previous three months, the statistics office said on Friday….
-
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