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Economy

“Food, gas prices pinch families as inflation surges globally”

November 29, 2021

“From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. Rising inflation is leading to price… Continue Reading…

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Economy

“Robots outnumber human workers in this autonomous truck yard north of Denver”

November 26, 2021

“While people still outperform robots in a variety of tasks, economists predict that Outrider and other companies around the world are leading a shift that will displace millions of workers in retail, trucking and manufacturing over the coming decades. In Colorado,… Continue Reading…

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Economy

“…A record number of Americans say they won’t be buying holiday gifts this year”

November 26, 2021

“The rising prices for fuel, grocery items and other goods are weighing on many shoppers’ minds. Consumer confidence hit a 10-year low in November, according to the University of Michigan Consumer Sentiment Index, as inflation climbed to the highest levels since… Continue Reading…

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Economy

“Supply-Chain Snarls Leave Southern California Swamped in Empty Shipping Containers”

November 26, 2021

“The biggest export out of Southern California these days is air. And it is suffocating the supply chain. Hundreds of thousands of empty containers are filling marine terminals and truck yards across the region and tying up scarce trucking equipment… Continue Reading…

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Economy

“Oil drops 10% in worst day of the year as new Covid variant sparks global demand concerns”

November 26, 2021

“Oil prices tumbled to the lowest level in more than two months Friday as the new Covid-19 strain sparked fears about a demand slowdown just as supply increases. The leg lower came amid a broad sell-off in the market with the… Continue Reading…

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Economy

“Boeing, airline stocks tumble as new Covid variant spurs travel curbs”

November 26, 2021

“Boeing, airlines and other travel stocks tumbled on Friday after several European and Asian countries announced new travel restrictions from southern Africa because of a new Covid variant. The U.K. on Thursday said it would temporarily suspend flights from South… Continue Reading…

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Economy

Help Raxxmorz.com Grow. Spread The Word.

November 24, 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, Real Estate

“US home sales rose again in October”

November 22, 2021

“…Existing-home sales, which include completed transactions that include single-family homes, townhomes, condominiums and co-ops were up 0.8% from September to a seasonally adjusted annual rate of 6.34 million in October. Home sales were down 5.8% from a year ago, which… Continue Reading…

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Economy

“The Coming Financial Crisis Will Be Worse Than 2008”

November 19, 2021

“EDITOR’S NOTE: Gains, Pains & Capital writes that we are headed for a worse financial crisis than 2008. While the piece provides plenty of worrying numbers and trends to back this assertion up, their main point is, “Put simply, the… Continue Reading…

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Economy

“Jobless claims: Another 268,000 individuals filed new unemployment claims last week”

November 18, 2021

“…The Labor Department released its jobless claims report Thursday. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended November 13: 268,000 vs. 260,000 expected and an upwardly revised 269,000 during prior week … Continue Reading…

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