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Economy

“Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says”

March 7, 2022

“World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday…FAO said its vegetable oils index rose 8.5% month-on-month… Continue Reading…

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Economy

“Russian war in world’s ‘breadbasket’ threatens food supply”

March 7, 2022

“The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the “breadbasket of the world.”…”… Continue Reading…

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Economy

“February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat”

March 4, 2022

“Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau… Continue Reading…

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Economy, Energy

“…Americans are warned to budget for $5-A-GALLON gas as oil prices surge during Russian invasion of Ukraine and US national average rises to $3.61”

March 4, 2022

“Americans can expect to see gas prices to rise to $5 a gallon in the coming weeks, as the cost of oil continues to rise in the days following Russia’s invasion of Ukraine, experts say – and some parts of California… Continue Reading…

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Economy, Stocks

“Russian Stocks in London Wipe Out 98% of Value in Two Weeks”

March 2, 2022

“The Dow Jones Russia GDR Index, which tracks London-traded Russian companies, has plunged 98% in two weeks. The slump has wiped out $572 billion from the market value of 23 stocks, including Gazprom PJSC, Sberbank of Russia PJSC and Rosneft… Continue Reading…

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Economy

“50% of working Americans say they live paycheck to paycheck, including 31% of those making $100,000 or more”

March 2, 2022

“t may be a moment of great opportunity for those seeking work, but many of those currently working are still struggling. Half of working Americans say they’re living paycheck to paycheck, according to a January MagnifyMoney survey. That includes 76% of those making less… Continue Reading…

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Business, Economy

“$10 toothpaste? U.S. household goods makers face blowback on price hikes”

March 1, 2022

“…Get ready for the $10 tube of toothpaste. Colgate-Palmolive Co (CL.N) CEO Noel Wallace said last week at an industry conference that the household goods maker sees its new Optic White Pro Series toothpaste as the type of premium product “vital” to… Continue Reading…

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Economy

“Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983”

February 25, 2022

“…The core personal consumption expenditures price index, the Federal Reserve’s primary inflation gauge, rose 5.2% from a year ago, slightly more than the 5.1% Dow Jones estimate. It was the highest level since April 1983. Including food and energy prices,… Continue Reading…

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Economy

Help Raxxmorz.com Grow. Spread The Word.

February 22, 2022

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, Energy

“Energy Prices Surge on Ukraine With Oil Closing In on $100”

February 22, 2022

“European natural gas led the gains with as much as 13% rise, helped higher by Germany halting the approval process of the controversial Nord Stream 2 pipeline. Brent oil closed in on $100 a barrel, and power and coal prices… Continue Reading…

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