Tag: Markets

Jeffrey Tucker: $6 Trillion Created Unprecedented Inflation, All to Feed the ‘Lockdown Machine’

March 2, 2023
American Thought LeadersbidenBiden adminbiden administrationBiden Inflationbrownstone instituteBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesCoronavirus In-DepthCOVID Economycritical race theoryeconomic policieseconomicseconomyEducation & Family NewsenergyEpochTVFederal Reserveinflationjeffrey tuckerJoe BidenLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsrecessionUSVaccines & SafetyVideo
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“While we slept—while we thought the world was just fine—what was actually happening was a tremendous distortion of the production structures.” I sit down with Jeffrey Tucker, senior economics columnist for The Epoch Times and founder and president of The Brownstone Institute. Tucker says labor supply problems are approaching catastrophic levels with historically low worker-to-population…

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Crypto Investors Pull Billions Out of Binance’s Stablecoin After Regulator Crackdown

March 2, 2023
binanceBusiness & MarketsCompaniescryptocurrencyeconomyInvestmentMarketsMedia & Big TechSECstablecoinUS
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Investors have been pulling billions out of Binance’s stablecoin after a securities regulator crackdown. The crypto exchange’s stablecoin, Binance USD (BUSD), has witnessed a massive outflow of $6 billion in cash by investors following the subjugation by the Securities and Exchange Commission (SEC) of Paxos, the company that issues the token, reported the Financial Times….

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S&P 500, Nasdaq Fall as Yields Rally

March 2, 2023
Business & MarketsCompanieseconomic policieseconomyinflationMarketsrecessionstocksUS
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The S&P 500 and the Nasdaq opened lower on Thursday as the 10-year Treasury yield surged above 4 percent on bets of tighter monetary policy for a longer period, while Tesla fell after it gave few details on its affordable electric vehicle. The Dow Jones Industrial Average rose 119.13 points, or 0.36 percent, at the…

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Electric Vehicle Companies See Fall in Demand Due to High Costs and Supply-Chain Problems

March 2, 2023
Business & MarketsCompanieseconomyelectric vehicleInvestmentMarketsRivianstart-upUS
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American electric vehicle (EV) start-ups are dealing with falling demand, as buyers look elsewhere, or put off purchases entirely. High costs, quality-control issues, and supply-chain problems are taking a toll on the EV sector, according to the latest quarterly reports. Several EV companies reported a declining interest for some of their latest vehicles, while production…

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Electric Vehicle Companies See Fall in Demand

March 2, 2023
Business & MarketsCompanieseconomyelectric vehicleInvestmentMarketsRivianstart-upUS
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American electric vehicle (EV) start-ups are dealing with falling demand, as buyers look elsewhere, or put off purchases entirely. High costs, quality-control issues, and supply-chain problems are taking a toll on the EV sector, according to the latest quarterly reports. Several EV companies reported a declining interest for some of their latest vehicles, while production…

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Eurozone Inflation Eases in February but Core Prices Surge

March 2, 2023
Business & Marketseconomic policieseconomyenergyEuropeeurozoneGold and CommoditiesinflationMarketsWorld
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FRANKFURT—Eurozone inflation fell less than expected last month and underlying price growth surged, reinforcing the case for the European Central Bank to keep raising interest rates at a brisk pace, data from Eurostat showed on Thursday. Consumer price inflation in the 20 countries sharing the euro currency eased to 8.5 percent in February from 8.6…

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Euro Falls Against the Dollar After Eurozone Inflation Data

March 2, 2023
Business & Marketscryptocurrencyeconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON—The euro fell against the dollar on Thursday after data showed inflation in the eurozone was not as high as investors had feared based on national readings in recent days. Eurozone inflation eased to 8.5 percent in February from 8.6 percent a month earlier on lower energy prices, but still came in above a predicted…

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Oil Gains on China Growth, but European Inflation Weighs

March 2, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil edged higher on Thursday, though gains made on signs of a strong economic rebound in top crude importer China were kept in check by fears over the impact of potential increases to European interest rates. Brent crude futures rose 43 cents, or 0.51 percent, to $84.74 a barrel by 1017 GMT. U.S. West Texas…

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Global Stocks Lower After Inflation Fuels Rate Fears

March 2, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets declined Thursday after signs of enduring upward pressure on U.S. and European prices raised expectations that interest rates will stay higher for longer. London, Shanghai, Frankfurt, and Tokyo retreated. Oil prices fell. Wall Street futures were lower after a survey showed prices paid by U.S. manufacturers rose in February for the first…

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Office Landlord Defaults on the Rise as Employees Continue to Work From Home

March 2, 2023
Business & Marketscommercial real estateCompaniesdefaulteconomyInvestmentMarketsoffice landlordreal estateremote workSocial IssuesUSUS Real Estate
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Office landlord defaults are on the rise throughout the United States as employees continue to work from home. The list of major commercial real estate landlords defaulting on their loans is beginning to climb, as more developers begin to realize that American workers are increasingly preferring to work remotely or via a hybrid model, which may leave…

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