October 5, 2022
“US mortgage rates jumped to a 16-year high of 6.75%, marking the seventh-straight weekly increase and spurring the worst slump in home loan applications since the depths of the pandemic… Over the past seven weeks, mortgage rates have soared 1.30… Continue Reading…
August 11, 2022
“The EU’s ban on Russian coal that begins this month will boost demand for imports from other countries like Indonesia and even Australia. Meanwhile, plans to replace Russian pipeline gas imports with liquefied natural gas shipments will leave less fuel… 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…
July 7, 2022
“…The global games and services market is forecast to contract 1.2% year-on-year to $188 billion in 2022, according to research from market data firm Ampere Analysis. The sector expanded 26% from 2019 to 2021, reaching a record $191 billion in… Continue Reading…
May 23, 2022
“After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The coffee giant announced Monday that it will no longer have a brand presence in Russia. Starbucks has 130 locations… Continue Reading…
March 10, 2022
“…The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge, according to the Labor Department’s Bureau of Labor Statistics… Food prices rose… 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…
February 17, 2022
“Americans’ credit card balances spiked $52 billion in the last three months of 2021. Inflation is partially responsible, raising the cost of food and gas. Americans have been swiping their credit cards at record speed in the last few months,… Continue Reading…
December 2, 2021
“EDITOR’S NOTE: Jeremy Siegel, a professor at the prestigious University of Pennsylvania’s Wharton Business School, “told the assembled wealth managers at the Forbes/SHOOK Top Advisor Summit in Las Vegas that the current economic picture is unsustainable and projected 20% to… Continue Reading…
November 10, 2021
“The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate. On… Continue Reading…
Recent Comments