Business hiring is a good indicator of a soft landing in the economy. The Federal Reserve wants to see the economy cool in certain areas to combat inflation. Freight railroads, for instance, are seeing shipping volumes decline. Construction companies are cutting equipment purchases. Customers of a vending machine company are negotiating lower prices. The key to a slowdown …
The U.S. strategy for a soft landing of its economy Read More »
The Federal Reserve is pushing interest rates up to two-decade levels despite faster economic expansion in the spring. Gross Domestic Product increased at an annual rate of 2.4%, adjusted for inflation and season, according to the Commerce Department’s report on Thursday. This was higher than the economists’ expectations and above the 2% annual growth rate in the first quarter of the …
U.S. Economic Growth Accelerates – Defying Expectations of a Slowdown Read More »
The U.S. saw its inflation reach a 40-year high last year, thanks to soaring oil prices. This trend had been expected to reverse by 2023. The benchmark crude oil price has risen by more than 18% in the last month. This is driving up the costs of American workers’ commutes and freight haulers’ trips between warehouses, as well as the …
The Fed and drivers are both unhappy about rising oil prices Read More »
Riyadh’s 10% reduction in output suggests that it is willing to sacrifice its market share to maintain prices VIENNA — Saudi Arabia cut 10% off its oil production over the weekend to boost prices. The results so far indicate that it may be a costly gamble. Saudi Energy Minister Prince Abdulaziz bin Salman, who warned speculators OPEC+ …
Saudi Arabia’s Cut in Oil Production Could Cost You a Lot Read More »
We asked experts for tips on managing stress as tax day approaches. It is tempting to procrastinate: The Internal Revenue Service project that it will be receiving extensions requests from more than 20 million people this fiscal year. Perhaps we wait because it takes 13 hours for the forms to be filled out. Perhaps tax time forces us into …
The reasons for which money makes people so anxious Read More »
Investors worried about rising competition caused shares to plummet. Tesla cut Monday’s prices in China for its cars, an indication of increasing competition in the largest market for automobiles in the world. This led to a plunge in shares. The Model 3 sedan was offered by Tesla’s Chinese website on Monday at a price starting at 265,900 …
The $44 billion deal Mr. Musk made to purchase Twitter is expected to close by Oct. 28. This is a way for the company to reassure employees about their jobs and their compensation. Twitter is trying to calm employees’ fears about Elon Musk’s imminent takeover of the company. This raises concerns about a seismic overhaul of …
Twitter tries to call employees as a deal with Elon Musk Read More »
Full storage, lower demand, and mild weather have all helped to ease concerns about a rise in heating and power costs. However, socioeconomic power dynamics are constantly shifting and as a result the European prices on natural gas are suddenly dropping. Russia’s natural gas exports to Europe are declining and the war in Ukraine is …
The Commerce Department issued guidelines for companies that are seeking federal funds aimed at strengthening the industry of semiconductors in the US. WASHINGTON – The Department of Commerce on Tuesday revealed its plan to distribute $50 billion to build the U.S. semiconductor industry and fight China in what is likely to be the largest U.S. …
Biden Administration Releases Plan for $50 Billion Investment in Chips Read More »
It was the West Virginia Democrat who said he has resisted and was willing to sign up for the climate, energy, and tax package following a return to the table to discuss an option to combat inflation. WASHINGTON – Senate Chuck Schumer, the majority leader, and Senator Joe Manchin III, Democrat from West Virginia, were …
Fierce battle to reset Tax Deals for climate and environmental conservation Read More »
