Red-hot inflation has more than eroded the wage gains of Americans for the sixth month in a row in March, effectively giving a pay cut to many workers who saw their paychecks expand on paper but shrink in real terms. The Bureau of Labor Statistics (BLS) said in a recent release that the average hourly earnings…
Sky-High Inflation Gives Americans a Wage Cut in March for 6th Month Running
China Ramps up Infrastructure Investment Despite Near-Saturated Market
China doubled its investment in major infrastructure projects in the face of downward economic pressure, with total investment exceeding 1 trillion yuan (about $156.8 billion) in early 2022. Given that the country’s infrastructure is close to saturation, such a move might not be effective, a financial source believes. “Ramping up infrastructure investment is likely difficult…
Elon Musk Offers to Buy Twitter and ‘Unlock’ Its Potential for Free Speech
April 14, 2022
admin
Business & EconomyCompanieseconomyElon MuskInvestmentMedia & Big TechSocial MediatakeoverTechTech NewsTwitterUSUS News
0 Comment
Elon Musk has made an offer to buy “100 percent of Twitter” for around $43 billion, according to a regulatory filing, with the tech mogul saying he wants to actualize the company’s “extraordinary potential” to become a true platform for free speech. Musk offered to buy out Twitter for $54.20 per share in cash, according…
A Turbulent Market Ahead?
Commentary Phases of volatility across U.S. stocks have played out in the last two months. After an initial war-driven decline in stocks ended in mid-March, replaced by a retail-driven melt up, the U.S. stock market has been on unstable footing in April. So where do investors go from here? While some experts—such as Goldman Sachs…
Australian Economic Outlook Overshadowed by Inflation and Default Risk: Report
Credit reporting agency CreditorWatch has warned that increased insolvency risks will remain in the Australian economy in the short to medium term despite the recovery of business activity from the COVID-19 pandemic. In its business risk report for March 2022, CreditorWatch found that court actions reached their highest level since March 2021 and trade payment…
3 Ways to Invest If Inflation Is Here to Stay
The Labor Department reported the consumer price index (CPI) jumped 8.5 percent year-over-year in March, the highest monthly inflation growth in more than 40 years. The three largest contributors to that inflation surge were gasoline, shelter, and food, three expenses the average American can’t do without. Prices Surging Russia’s invasion of Ukraine fueled spikes in food and…
Wholesale Prices Surge by Record 11.2 Percent as Inflation Woes Continue
April 13, 2022
admin
Business & Economyeconomic policieseconomyinflationInvestmentMarketspersonal financeproducer pricesUSUS NewsWorld
0 Comment
Wholesale prices in the United States accelerated at their fastest annual pace on record in March, delivering a fresh sign that persistent inflation continues to plague the U.S. economy. The Producer Price Index (PPI), which tracks inflation before it hits consumers, rose by an annual 11.2 percent in February, the Bureau of Labor Statistics said Wednesday. That’s…
Oil Climbs on Failed Peace Talks, Steadies on Reduced Demand from China
April 13, 2022
admin
BuchaBusiness & Economycommunity zero covideconomic policieseconomyEuropeInternationalInvestmentMarketsOil priceRussia Ukraine invasionRussia-Ukraine WarWorld
0 Comment
Oil prices climbed early Tuesday after Russia–Ukraine peace talks reached a stalemate, but eased toward the end of the day’s trading session as China and Japan—the world’s top oil consumers—reported weak economic data. Brent oil started April 12 at $100.14 and climbed over 4.7 percent to a high of $104.88 before hitting resistance and closing…
Mortgage Rates Climbing, But National Housing Market Still Steady
April 12, 2022
admin
Business & Economyeconomyhousing marketInvestmentMarketsmortgage ratesreal estateUSUS NewsUS Real Estate
0 Comment
After years of mortgage interest rates basking in the two to four percent range, the past month has witnessed a trend of slowly rising rates, with some creeping up to as high as 5.25 percent for low finance loans. “We’ve been in the two’s and three’s for so long, and then it seemed like one…
Global Stocks Slide as US Inflation Data Expected to Be ‘Extraordinarily Elevated’
April 12, 2022
admin
Business & Economyeconomic policieseconomyEuropeglobal stockinflationInternationalInvestmentMarketsRussia-Ukraine WarUSUS NewsWall StreetWorld
0 Comment
Global shares and Wall Street futures sank on Tuesday ahead of the much-anticipated release of March data on U.S. inflation, which economists expect to have picked up its pace and the White House warned would come in “extraordinarily” hot. European shares opened 1 percent lower on Tuesday, Japan’s blue-chip Nikkei stock index shed 1.81 percent,…
-
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