Tag: News

September 29, 2022

Canadian economic activity edged up a surprise 0.1% in July, driven by strong oil sand production, while gross domestic product was most likely flat in August, Statistics Canada data showed on Thursday. Analysts polled by Reuters had forecast GDP would […]

September 23, 2022

Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a faltering economy. […]

September 22, 2022

Hong Kong’s consumer price inflation held steady in August, after accelerating in the previous two months, data released by the Census and Statistics Department showed on Thursday. Consumer prices rose at a stable rate of 1.9 percent year-over-year in August. […]

September 15, 2022

Sri Lanka’s economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation’s most severe financial crisis in more than […]

September 13, 2022

Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households. Consumer prices surged 8.3% […]

September 12, 2022

THE STATE OF THE ECONOMY After a record resurgence out of the depths of the coronavirus pandemic, the US economy has been struggling in recent months. The 2Q’22 US GDP report showed the economy contracted by -0.9% annualized, marking the […]

September 9, 2022

France and Germany pledged on Friday to act together to protect households and companies from soaring energy prices, while also using fiscal policy to fight record high inflation. French Finance Minister Bruno Le Maire and his German counterpart Christian Lindner […]

September 5, 2022

The energy price cap is due to rise 80% in October, after the regulator, Ofgem, said the average household’s yearly bill can be raised from £1,971 to £3,549. Fridge freezers Average integrated fridge freezers currently cost around £73 a year […]

September 1, 2022

House price growth fell to 10% last month, down from 11% in July, but actually increased when taking account of seasonal effects. Meanwhile, house prices have risen by almost £50,000 in two years. “There are signs that the housing market […]

August 31, 2022

Austria’s consumer price inflation eased for the first time in several months after a trend of steady growth that has persisted for more than a year in August, mainly due to fuel prices that fell significantly from the previous month, […]

August 30, 2022

Home-price growth slowed in June as higher mortgage rates made homeownership less affordable. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 18% in the year that ended […]

August 12, 2022

In the early days of COVID-19, colleges terminated staff positions in droves as they faced operational shifts and pandemic-related financial challenges. Now, hiring has returned in fields related to events, as colleges begin to host in-person activities such as fundraising […]

August 11, 2022

Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month. Thursday’s report from the Labor Department showed […]

August 9, 2022

The US Dollar continues to consolidate ahead of tomorrow’s CPI report. Last week saw a bounce in the US Dollar from a key spot of support, and that was pushed-along by a series of comments from Fed-speakers, all of which […]

August 9, 2022

Gold prices rallied more than 0.8% since the start of the week with XAU/USD trading at 1790 ahead of the US open on Tuesday. The advance takes price into technical downtrend resistance and we’re looking for a breakout of the […]

July 28, 2022

The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the […]

July 27, 2022

Food inflation was up 7%, compared to 5.6% in June. This was partly due to a 8% rise in fresh food inflation, up from 6.2% in June. Non-food inflation hit 3%, up from 1.9% in June – a record-high, beating […]

July 26, 2022

Stocks are being dragged lower early Tuesday after a warning from corporate giant Walmart that inflation was negatively impacting American consumers’ spending power. The S&P 500 index was down 0.9% as of 11:15 a.m. Eastern. The Dow Jones Industrial Average […]

July 25, 2022

Google co-founder Sergey Brin reportedly told his financial advisers to sell off all of his investments in Elon Musk’s companies after learning that Musk reportedly had an affair with Brin’s wife, Nicole Shanahan. Brin and Shanahan divorced in January after he […]

July 22, 2022

Non-food stores, such as clothing and household goods, which slumped by 4.7% and 3.7% respectively, were hit particularly hard, according to data from the Office of National Statistics. Some had hoped that the Queen’s Platinum Jubilee would give shops a […]