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Banking, Economy

“Australia to Introduce Legislation to Overhaul Central Bank”

“Australia’s government will introduce legislation this week to facilitate the largest overhaul of the central bank in a generation, including setting up a separate governance board and scrapping the treasurer’s power to reverse policy decisions. The bill is the result… Continue Reading…

Economy

“…Switzerland Seeks Low-Budget Olympics After Years of Opposition”

“…Winter Games are usually held by a certain region or city, and they can be pricey. The 2018 edition held in Pyeongchang, South Korea, cost about $13 billion. Even back in 2002, Salt Lake City still spent $2.2 billion on… Continue Reading…

Economy

“40% of Americans are afraid to walk alone at night — most in decades, poll says”

“…A recent Gallup poll found that 28% of Americans worry frequently or occasionally that they will be murdered, according to a Nov. 16 news release. That’s a near-record high… Meanwhile, half of U.S. adults said they worry their car will be… Continue Reading…

Economy

“60% of Americans are living paycheck to paycheck heading into the holidays, report finds”

“…As of October, 60% of adults said they are living paycheck to paycheck, according to a new LendingClub report. The figure is unchanged from last year. Overall, 4 in 10 consumers consider themselves worse off relative to 2022, the report found… Even… Continue Reading…

Banking, Economy

“Chinese, Saudi Central Banks Sign Currency Swap Worth $7 Billion”

“China and Saudi Arabia have signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East look to shift more of their non-oil trade away from the dollar. The two countries’ central banks… Continue Reading…

Economy

“73% of millennials are living paycheck to paycheck, new report finds”

“…Nearly three-quarters, or 73%, of adults ages 27 to 42 are living paycheck to paycheck, LendingClub found… As of March, 66% of Gen Zers were living paycheck to paycheck — up from 58% a year ago, according to LendingClub…” https://www.cnbc.com/2023/04/28/73percent-of-millennials-are-living-paycheck-to-paycheck-new-report-finds.html

Economy

“Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020”

“Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed. The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against… Continue Reading…

Economy

“Dutch Pension Funds Send Shockwaves Through Euro Swap Market”

“Dutch pension funds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s most popular trades. The funds, by far the region’s largest with more than €1.5 trillion in assets, are likely bidding up the… Continue Reading…

Business, Economy

“$29 flights are back as airlines race to fill seats in the off-season”

“Airlines have a record 260 million seats to fill this quarter, and to do it, they’re offering fares that will run you about the same as a pair of movie tickets…” https://www.cnbc.com/2023/11/11/flight-discounts-are-back.html Are prices starting to collapse in the airline… Continue Reading…

Economy

“Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions”

“… …” https://www.cnbc.com/2023/11/13/consumer-spending-fell-in-october-according-to-new-cnbc/nrf-retail-monitor-tracking-card-transactions.html This article is badly written. Anyway this is not good. Usually retail goes up during this time of the year.