July 28, 2023
“Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index excluding food and energy increased just 0.2% from the previous month, in line with… Continue Reading…
November 9, 2022
“Cryptocurrencies were under pressure for a second day Wednesday as the market digested the fallout of Binance’s planned bailout of FTX. Bitcoin hit a new bear market low of $16,924.68, according to Coin Metrics. It was last down by 5%, while… Continue Reading…
July 11, 2022
“The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and… Continue Reading…
June 16, 2022
“The Dow Jones Industrial Average tumbled below the key 30,000 level on Thursday as investors worried the Federal Reserve’s more aggressive approach toward inflation would bring the economy into a recession. The Dow had rallied on Wednesday after the Fed… Continue Reading…
February 23, 2022
“Climbing mortgage rates are hitting both potential homebuyers and refinance candidates. Total mortgage applications decreased 13.1% last week to the lowest level since December 2019, according to the Mortgage Bankers Association. Applications to refinance dropped 15% weekly and were 56%… Continue Reading…
December 28, 2021
“Oil and gas firms are having their worst year for new fossil fuel discoveries in decades and reserves are dwindling. The oil and gas industry is on track to discover just 4.7 billion barrels of oil equivalent (boe) by the… Continue Reading…
September 2, 2021
“Initial filings for unemployment insurance fell last week to their lowest levels since March 2020 in another sign that the labor market is gradually improving from the Covid-19 era, the Labor Department reported Thursday. First-time jobless claims totaled 340,000 for… Continue Reading…
August 26, 2021
“U.K. car production plummeted to a new low last month, marking the worst July performance for the industry since 1956, according to a trade group. The Society of Motor Manufacturers and Traders said Thursday that U.K. manufacturers built just 53,438 vehicles in… Continue Reading…
June 7, 2021
“Highest and lowest corporate tax rates Generally, countries in Africa and South America impose higher corporate tax rates compared with many in Europe and Asia, according to data by Washington-based think tank Tax Foundation, the OECD and consultancy KPMG. Many… Continue Reading…
March 25, 2021
“First-time claims for unemployment insurance unexpectedly fell sharply last week amid signs that hiring has picked up in the U.S. economy, the Labor Department reported Thursday. Claims totaled 684,000 for the week ended March 20, the first time the number… Continue Reading…
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