Why inflation refuses to go away – The Economist
If the return of high inflation caught many off guard, its refusal to leave has been more shocking still—in the past week countries including America...
Author : Nelli Avetisyan
Businesses Expect Economy to Weaken, Fed’s Beige Book Says – WSJ
U.S. businesses are becoming more pessimistic about economic conditions in the face of high inflation and rising interest rates, the Federal Reserve said in a...
UK banks brace for ‘windfall tax’ to help plug £40bn hole in public finances – The Guardian
UK banks are steeling themselves for a windfall tax by stealth as the new chancellor tries to plug a £40bn hole in the public finances....
Amazon’s Jeff Bezos in economy warning: ‘Batten down hatches’ – BBC News
Amazon founder Jeff Bezos has added his voice to the chorus of voices warning of hardship ahead for the US economy. On social media, the...
EVs Start With a Bigger Carbon Footprint. But That Doesn’t Last – The New York Times
In the 19th century, major cities faced their own emissions problem: horse manure. With horse-drawn carriages clogging major thoroughfares, cities were burdened with noxious, smelly...
Tesla earnings rebound but will miss 50% growth target – CNN
Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50% growth in...
Banks are discovering that holding cash can be lucrative again
Suddenly, everybody wants your cash. As recently as last year, many US and European banks were actively trying to get out of holding clients’ ready...
Inflation: Food bills see price rises return to 40-year high – BBC News
The increase in the cost of living accelerated to 10.1% in September as living costs continued to hit household budgets. Inflation – a measure of...
Will the energy crisis crush European industry? – The Financial Times
As European businesses brace for energy shortages, workers at one plant in south-eastern France are getting a new winter wardrobe. Saint-Gobain, the French building materials...
Netflix Gains 2.4 Million New Subscribers, Reversing Trend – WSJ
Netflix Inc. NFLX -1.73%▼ snapped back to subscriber growth in the third quarter, giving the streaming giant a jolt as it works to execute two...