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Economy
For wealthy New Yorkers, inflation protection is in the bag
Oui oui, you can beat inflation!
Shrewd and trendy shoppers are snatching up Chanel bags and purses in hopes of keeping their cash from losing value amidst staggering inflation.
“My husband bought me one…
Biden to meet Fed chair as inflation bites pocketbooks
WASHINGTON (AP) — President Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks.The meeting Tuesday will be the first since Biden renominated Powell to lead…
El Salvador’s $425 million bitcoin experiment isn’t saving the country’s finances
A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022.Alex Pena | Anadolu Agency | Getty ImagesEl Salvador bet its economic salvation on bitcoin, but so far the gamble isn't paying off like President Nayib Bukele…
To avoid ‘historic shellacking’ in midterms, Biden is promoting a sunny view of US
As he celebrated the impressive May jobs report on Friday, Joe Biden went to great lengths to paint a rosy picture of the US economy. While acknowledging the difficult reality of high prices caused by near record-high inflation, Biden…
U.S. Job Growth Remains Solid in June: Live Updates
The economy added 372,000 jobs in June, a hotter-than-expected boost to the labor market that may ease worries of an impending…
World Bank warns global economy may suffer 1970s-style stagflation
Placeholder while article actions loadThe global economy may be headed for years of weak growth and rising prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the…
Federal documents hint at sweeping economic impact from central bank ‘digital loonie’
OTTAWA -
Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency.
The Bank of…
UK construction sector gathers speed as shortages ease; German factory orders tumble –
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
The UK’s economic outlook looks less bright this morning, as shortages, rising costs, and the possibility of…
Homebuyers feeling inflation squeeze as US ‘headed for recession,’ Redfin CEO warns
Redfin CEO Glenn Kelman argues despite the U.S. economy faces soaring inflation, there ‘won’t be a crash’ in the housing market. While the housing market continues to get battered by rising interest rates and sky-high prices,…
Natural Gas Price Forecast – Natural Gas Markets Continue to Test Top of Range
Natural gas markets have rallied quite a bit during the trading session on Monday as we continue to see a lot of noisy behavior. That being said, the 200 day EMA is currently sitting that the $4.13 level, so therefore one has to look at…