News Analysis Governments are taking advantage of revenue increases—in part due to high inflation—to send households money to mitigate rapidly rising prices. In doing so, a primary concern is to avoid blunting the Bank of Canada’s efforts to cool inflation and encourage government spending restraint. But Alberta’s massive budget surplus comes with its own particular…
Alberta’s Inflation-Relief Spending Has Risks Despite Big Budget Surplus: Economist
November 30, 2022
admin
AlbertaBank of Canadabudget surplusBusiness & MarketsCanadaeconomic policiesenergyIMFinflationInflation Relieftargeted measuresWorld
0 Comment
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…
Eurozone Inflation Falls for First Time in 17 Months,Yet Remains Still High at 10 Percent
Annual inflation in the eurozone is expected to fall in November, according to a flash estimate by Eurostat, the statistical office of the European Union. Twelve-month inflation for November 2022 is projected to be at 10 percent, down from the 10.6 percent in October, according to an agency news release on Nov. 22. This is the…
Elon Musk Says Fed Must Cut Rates ‘Immediately’ to Avoid ‘Severe’ Recession
Industrialist Elon Musk said Wednesday that instead of further tightening monetary settings, the Federal Reserve should “immediately” lower interest rates or risk a “severe recession” in the U.S. economy. Musk made the remarks in a post on Twitter, responding to a comment made by Tesmanian co-founder Vincent Yu, who predicted a “real economic recession” next year….
Wall Street Opens Flat Ahead of Powell Speech
U.S. stock indexes opened flat on Wednesday ahead of comments from Federal Reserve Chair Jerome Powell that will be closely watched for signs of a slowdown in the pace of interest rate hikes by the central bank. The S&P 500 opened lower by 0.45 points, or 0.01 percent, at 3,957.18, while the Nasdaq Composite gained…
Economy to Grow Slower, Inflation ‘Far Too High’: Fed’s Williams
November 30, 2022
admin
Business & Marketseconomic policieseconomyFederal Open Market Committee (FOMC)high inflationinflationinterest rate hikesNew York Federal ReserveU.S. economic growthUS
0 Comment
John Williams, president of the Federal Reserve Bank of New York, is expecting America’s economic growth to slow down and inflation to cool in the coming years. Due to the Fed’s tightening monetary policy, broad measures of financial conditions, including borrowing, equity prices, and mortgage rates, have become “significantly less supportive of spending.” Williams said…
Consumer Confidence Drops to Four-Month Low, Future Outlook ‘Gloomy,’ Recession Risk ‘Elevated’: Conference Board
November 30, 2022
admin
Business & Marketsconsumer confidence indexeconomic policieseconomyinflationMarketspersonal financerecessionshoppersUS
0 Comment
American consumer confidence tumbled this month to a four-month low, amid a gloomy economic outlook, according to The Conference Board. The U.S. economy has been facing persistently high inflation, energy shortages, and rising interest rates since last year, raising the risk of a severe recession in 2023. The Conference Board’s Consumer Confidence Index fell to 100.2…
Dollar Heads for Biggest Monthly Loss Since 2010 Ahead of Powell Speech
LONDON—The dollar eased from a one-week high on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell, while optimism over a possible loosening in China’s COVID-19 restrictions set it on course for its biggest monthly loss since late 2010. Eurozone inflation in November showed the first monthly deceleration since June last year, as…
Oil up Over 2 Percent on Tighter Supply
November 30, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices rose by over 2 percent on Wednesday on signs of tighter supply, a weaker dollar, and optimism over a Chinese demand recovery. Brent crude futures rose $2.06, or 2.48 percent to $85.09 per barrel by 1044 GMT. The more active February Brent crude contract rose by 2.02 percent to $85.95. U.S. West Texas…
Global Shares Mostly Higher Ahead of Fed Chair’s Key Speech
November 30, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Global shares were mostly higher on Wednesday, ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes. Investors were also eyeing developments in China, where protests have erupted over the “zero-COVID” strategy that has confined millions of people to their homes, sometimes for months. France’s…
-
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