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Economy
Inflation is making homelessness worse
Placeholder while article actions loadThe sheriffs arrived at 6 a.m. in early June to tell Josanne English what she already knew: She was being evicted.She’d lost her job as a project manager near Sacramento in April, then fallen behind…
USA finance and payments live updates: mortgage rates, Bitcoin prices, S.S. disability,
Headlines: 28 June 2022- Bitcoin is on course for a historic low monthly close, below its 200-week moving average- Stock market suffered losses on Monday: Dow Jones (-60 points), S&P 500 (-0.3%) and Nasdaq (-0.7%)- EU considers total…
As businesses flee Russia, a New York model returns to Moscow
Placeholder while article actions loadAs Western businesses fled Russia following Moscow’s invasion of Ukraine, Kira Dikhtyar, a 33-year-old model in New York City, traveled in the opposite direction.Leaving behind a decade-long modeling…
My “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer
Billionaires got more billions, bottom half of Americans got peanuts and inflation.
By Wolf Richter for WOLF STREET.
My “Wealth Effect Monitor” uses the data that the Fed releases quarterly about the wealth of households. The…
Sanctions are hitting hard enough to hurt Russia, if not stop it
Sanctions have affected many aspects of life in Russia, but one particular shortage has sent the wealthy elite into a spin: beauty clinics are running out of Botox. The business daily newspaper Kommersant reported this month that Botox…
China Tech Index Tumbles to Lowest Since Launch as Rout Deepens
(Bloomberg) -- China tech shares tumbled on Monday, with a key gauge closing at its lowest level since launch last year as concerns mount over how much more pain Beijing is willing to inflict on the sector.Most Read from BloombergThe…
Home Prices Advanced 19.1% Annually in October
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Case-Shiller's national and 20-city indexes have recorded 11…
Utah reports record low unemployment rate; is that a good thing?
ST. GEORGE — At first glance, Utah’s 2.2% unemployment rate in October may appear to be a good thing. It’s lower than it was pre-pandemic, after all.
Mark Knold,…
Turkish lira slides almost 8% after intervention-driven surge
A money changer counts Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. REUTERS/Cagla GurdoganRegister now for FREE unlimited access to Reuters.comRegisterLira had strongest week on record last…
Jobless claims: Another 230,000 Americans filed new claims last week
Initial unemployment claims unexpectedly jumped to total 230,000 last week, but still remained low compared to their pandemic-era averages. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET.…