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Economy

“Boomerang boomers: the over-50s moving back in with their parents”

October 26, 2021

“The Covid pandemic has led to growing numbers of baby boomers in Britain moving back in with their elderly parents, experts have said. The reasons are varied, from the positive – grown-up children ensuring their parents had care and company during lockdowns – to… Continue Reading…

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Economy, Investing

“These are the types of companies Warren Buffett says you should invest in during times of inflation”

October 25, 2021

“The Chairman and CEO of Berkshire Hathaway, during a 2015 shareholder meeting, noted that: “The best businesses during inflation are the businesses that you buy once and then you don’t have to keep making capital investments subsequently,” while you should avoid… Continue Reading…

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Economy

“Gas hits $7.59 a gallon in CA town”

October 22, 2021

“…Gas keeps getting more and more expensive, especially in California. But perhaps nowhere is it pricier than the remote central coast community of Gorda. The town’s only gas station is offering regular unleaded for $7.59. Premium is nearly $8.50. The… Continue Reading…

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Banking, Economy

“BofA warns of 0% returns over the next 10 years — but here’s the 1 key strategy to fight it”

October 20, 2021

“Are stocks setting up for another decade of monstrous returns? Bank of America doesn’t think so. In fact, the banking giant’s valuation model is forecasting a flat return for the stock market over the next decade. Depressing, right? But here’s… Continue Reading…

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Economy

“Wanted: 80,000 truck drivers to help fix the supply chain”

October 20, 2021

“The trucking industry is short 80,000 drivers, a record high, Chris Spear, President and CEO of the American Trucking Associations, tells CNN. That’s a 30% increase from before the pandemic, when the industry already faced a labor shortage of 61,500… Continue Reading…

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Economy

“Shipping Containers That Spent Weeks Aboard Ships Stuck At Ports Now Being Dumped In Nearby Neighborhoods”

October 19, 2021

“With the ports of Los Angeles and Long Beach now running 24/7 operations, a new problem has occurred. Many of the shipping containers that spent weeks onboard ships waiting to be unloaded are now being dumped in nearby neighborhoods once they’re emptied…… Continue Reading…

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Economy

“Gas crisis, labor shortages and supply chain chaos… Britain faces a difficult winter”

October 18, 2021

“…A perfect storm of labor shortages, skyrocketing natural gas prices and global supply chain constraints have put the country in prime position for a difficult winter. Rising demand as economies reopen has created similar problems all over the world, but economists… Continue Reading…

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Economy, Personal Finance

“The wealthiest 10% of Americans own a record 89% of all U.S. stocks”

October 18, 2021

“The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19… Continue Reading…

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Economy

Help Raxxmorz.com Grow. Spread The Word.

October 15, 2021

Raxxmorz.com is the main hub for content. Please share the articles. Make sure to subscribe as well. It’s completely free. You can also follow me on: Twitter and Linkedin. Feel free to leave any questions or comments. Also if you’re a… Continue Reading…

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Economy

“US Growth Forecast Slashed By One Percent, and IMF Warns Global Economy Is Not Looking Good”

October 15, 2021

“EDITOR’S NOTE: The global economic recovery from the pandemic is slowing dramatically, and the International Monetary Fund (IMF) just confirmed that by slashing the U.S.’s economic growth forecast. According to CNN, “the IMF on Tuesday slashed its 2021 growth forecast… Continue Reading…

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