Americans loaded up on $40 billion more in debt in June, Fed says – CNN
Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was considerably higher than economists’ forecasts, after...
Author : Nelli Avetisyan
Recession Mongers Shocked & Horrified by this Surge in Employment – Wolf Street
It wasn’t the hottest growth in jobs ever, but it was big and exceeded the pre-pandemic average job growth. Employers added 528,000 workers to their...
The end of the warehouse bubble – The Financial Times
At the property sector’s annual gathering on the French Riviera in March an unlikely group of delegates were centre stage: warehouse salesmen. In years past...
Tesla shares are about to get a lot cheaper with three-for-one stock split – CNN
Tesla officially announced a three-for-one stock split, meaning the company’s stock price — which has jockeyed between $600 and $1,000 for a year — is...
In an Unequal Economy, the Poor Face Inflation Now and Job Loss Later – The New York Tim
Americans with low incomes are pulling back from buying even as their richer counterparts keep spending — with potentially big consequences....
Rising US Interest Rates Won’t Trigger Another Asian Financial Crisis
Hawkish shifts in the US Federal Reserve’s monetary policy have often led to heightened financial and economic stress in emerging economies. In the early 1990s,...
Bank of England raises rates sharply and warns of 13% inflation by end of year – The Financial Times
Britain faces a protracted recession and the worst squeeze in living standards in more than 60 years after the Bank of England raised interest rates...
U.S. Trade Deficit Narrows as Energy Exports Rise – WSJ
The U.S. trade deficit narrowed sharply in June to its lowest level in six months as a rise in shipments of energy products pushed up...
As inflation takes a toll, Americans face tough decisions about medical care – CNN
There are medicines that Angelina Scott can’t live without. Between her Atrial Fibrillation, high blood pressure and high cholesterol, the 45-year-old notary is currently taking...
U.S. Jobless Claims Rose Last Week to Near High for Year – WSJ
Worker filings for unemployment benefits rose last week, holding close to the highest level of the year as the U.S. labor market showed several signs...