January 25, 2023
“Hundreds of Amazon workers are on strike in Britain. The walkout marks the first formal industrial action in the country for the U.S. tech giant. The 24-hour strike action began Wednesday a minute after midnight. Strikers are expected to picket outside the… Continue Reading…
December 15, 2022
“EDITOR’S NOTE: Markets were closely watching the Jobs Report in the first week of December, worried that job growth beyond consensus estimates would signal a continuation of inflation, especially amid a high level of job openings. Citi’s recent statement peers beyond… Continue Reading…
November 17, 2022
“The U.K. government on Thursday unveiled a sweeping £55 billion ($66 billion) fiscal plan as it seeks to plug a gaping hole in the public finances and restore Britain’s economic credibility, even as the country teeters on recession. Finance Minister… Continue Reading…
October 17, 2022
“The latest recession probability models by Bloomberg economists Anna Wong and Eliza Winger forecast a higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period… Continue Reading…
October 10, 2022
“EDITOR’S NOTE: We saw what happened to the world’s major currencies when the Federal Reserve took a more aggressive stance on rate hikes: they tumbled. Even legendary hedge fund manager, Ray Dalio, whose mantra was “cash is trash” no longer believes that… Continue Reading…
October 10, 2022
“EDITOR’S NOTE: How safe are your pension funds, really? If you’re in the retirement red zone, you may be facing a triple threat: not only is your pension fund at risk, but whatever you receive from your fund is likely going to… Continue Reading…
September 14, 2022
“…The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was one year ago, Mortgage Bankers Association (MBA) data showed on… Continue Reading…
August 31, 2022
“…U.K. inflation could soar above 22% next year if energy prices continue their upward spiral, U.S. investment bank Goldman Sachs warned. In a research note dated Monday, Goldman said headline inflation could peak at 22.4% and gross domestic product could drop by… Continue Reading…
July 15, 2022
“…Inflation in the U.S. is at a 40-year high and gas prices have been surging since April 2020, with the average cost nationwide briefly hitting $5 a gallon in June. Rapidly rising rents and an end to federal COVID-19 relief have also taken a… Continue Reading…
July 13, 2022
“Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.… Continue Reading…
Recent Comments