The Russia-Ukraine conflict could push U.S. inflation into double-digit territory, according to Allianz chief economic adviser Mohamed El-Erian, who cited the disruptive impact of the war on supply chains, shipping, and commodity prices. El-Erian, who also serves as president of Queens’ College, Cambridge, told CBS’ “Face the Nation” in a recent interview that he believes there’s more…
Russia-Ukraine War Could Push Inflation Above 10 Percent: Economist El-Erian
Zillow’s (Near) $1 Billion Blowout: What’s the Lesson?
March 14, 2022
admin
Business & EconomyBusiness Columnistshousing bubbleInvestmentOpinionreal estatestock marketViewpointsZillow
0 Comment
Commentary According to the Wall Street Journal, “Zillow Group said on Thursday that it lost $881 million on its algorithmic-driven home-flipping business last year in its first earnings report since the real-estate company shut down that operation in the fall.” The emphasis is, naturally, mine because, frankly, it’s mind-boggling. Zillow accounts for nearly a third…
Mariupol Evacuation Underway After Multiple Prior Ceasefire Failures: Mayor’s Adviser
March 14, 2022
admin
Business & EconomyeconomyEuropeEvacuationInternationalInvestmentMariupolMarketsRussia-Ukraine WarUkraineWorld
0 Comment
Evacuation of the besieged Ukrainian city of Mariupol is underway after multiple prior failures to secure a ceasefire that would allow for the safe operation of a humanitarian corridor, according to an adviser to the city’s mayor. Petro Andrushenko, an adviser to the mayor of Mariupol, said in a Monday post on Facebook that, as…
Russia Asked China for Military Aid in Ukraine Conflict: Lt. Gen. Kellogg
March 14, 2022
admin
Business & EconomyChinaeconomyEuropeInternationalInvestmentMarketsmilitary aidNational SecurityRussiaRussia-Ukraine WarUSWorld
0 Comment
Retired Lt. Gen. Keith Kellogg told Fox News on Monday that Russia had asked China for military assistance amid its military operation in Ukraine, confirming a series of anonymously sourced media reports to that effect, while Chinese and Russian officials have denied the allegations. “There’s a real tell here, and here’s what the tell is….
‘Full Force’ of NATO to Respond if Russia Attacks Poland, Other Allies: Sullivan
March 14, 2022
admin
AttackBusiness & EconomyeconomyEuropeExecutive BranchInternationalInvestmentMarketsNational SecurityNATOPoliticsRussiaRussia-Ukraine WarUSUS NewsWorld
0 Comment
White House national security adviser Jake Sullivan said Sunday that a Russian attack on Poland or any other NATO ally would be met with a “full force” response, with his remarks coming after Russian missiles struck a military training facility in Ukraine around a dozen miles from the Polish border. Sullivan made the remarks on…
Congressman Refutes White House Claim That Energy Policies Are Not Responsible for Record-High Oil Prices
March 13, 2022
admin
Business & Economyeconomyhigh gas pricesInvestmentMarketsPoliticsRep. Russ FulcherRepublicansU.S. Oil and GasUSUS News
0 Comment
Rep. Russ Fulcher (R-Idaho) said that the Biden administration’s policies are stifling energy production across the nation and are responsible for the high cost of oil and gas. He said it is inaccurate when the White House claims their 9,000 drilling permits show the administration is not to blame for soaring energy prices. “If you’re…
Zelensky Ready to Negotiate, Open to High-Level Peace Talks in Jerusalem
March 12, 2022
admin
Business & EconomyeconomyEuropeInternationalInvestmentpeace talksRussia-Ukraine WarUkraineVolodymyr ZelenskyWorld
0 Comment
Ukrainian President Volodymyr Zelensky said on Saturday that he’s ready to hold high-level peace talks with Russia, flagging Jerusalem as a possible location and expressing hope that Israeli Prime Minister Naftali Bennett could help broker a deal. Zelensky told foreign reporters at a briefing in Kyiv that holding lower-level technical negotiations in Belarus, Russia, or…
Russia Tells US Convoys Carrying Weapons to Ukraine Are ‘Legitimate Targets’
Russia has informed the United States that it views convoys carrying weapons to Ukrainian forces are military targets, a top Russian official said on March 12. “We have warned the U.S. that the U.S.-orchestrated inundation of Ukraine with weapons from some countries is not just a dangerous move, but also an action that makes these…
Goldman Sachs, JPMorgan to Exit Russia in Wake of Ukraine Invasion
March 11, 2022
admin
Business & EconomyCompanieseconomic policieseconomyEuropeGoldman SachsInvestmentJPMorganMarketsRussia-Ukraine WarWorld
0 Comment
Goldman Sachs is one of the first major global investment banks to exit Russia in the wake of its invasion of Ukraine. A spokesperson for Goldman Sachs told CNBC in a statement that it is “winding down its business in Russia in compliance with regulatory and licensing requirements” and is “focused on supporting our clients…
Russia Braces for Economic Collapse Worse Than 2009 Recession: IIF
The Russian economy is on the brink of a financial crisis worse than the 2009 recession, warns the International Institute of Finance (IIF) in a new report (pdf). The bombardment of economic and financial sanctions and the recent action to ban or curtail Russian oil imports could result in an economic contraction of -15 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