Current labor market conditions are consistent with historically tight labor markets, Bank of America said in a note. But the labor market has deteriorated slightly, signaling downside ahead for the economy, BofA said. The Fed’s tightening cycle will weaken the labor market, making it hard to achieve a soft landing, analysts added. Loading Something is… Continue reading The labor market today is hotter than during the 2008 financial crisis but Fed tightening will weaken it, Bank of America says
Corporate America’s ‘greedflation’ window of opportunity is closing as consumers tighten their purse strings – and the markets will feel the pinch, experts say
An window of opportunity for companies to boost profits thanks to inflation is shrinking, experts say. Consumers are likely to spend less moving forward, potentially stamping out “greedflation.” Other experts say companies won’t be able to absorb higher input costs and thereby inflate prices. Loading Something is loading. Inflation has been the bane of Americans’… Continue reading Corporate America’s ‘greedflation’ window of opportunity is closing as consumers tighten their purse strings – and the markets will feel the pinch, experts say
This map shows where Europe gets its natural gas – and economic disaster is looming if Russia cuts off its fuel supply
Russia has stoked up Europe’s energy crisis by cutting the capacity of the Nord Stream 1 pipeline to 20% But the continent also receives gas supplies from Azerbaijan, North Africa, and the North Sea. Many countries also import gas by ship, with it traveling through liquefied natural gas ports. Loading Something is loading. Russia is… Continue reading This map shows where Europe gets its natural gas – and economic disaster is looming if Russia cuts off its fuel supply
US gas prices are sliding toward $4, but hurricane season will have a big say in whether they stay lower
US average gas prices are headed to $4.00 a gallon, extending a recent run of price declines. Gas prices have dropped for more than 50 straight days in the face of demand destruction after prices soared above $5 this year. But a disruptive hurricane could propel prices upward again, said AAA and OPIS. Loading Something… Continue reading US gas prices are sliding toward $4, but hurricane season will have a big say in whether they stay lower
Gasoline At (or Under) $2.99 a Gallon: Here’s Where
Gasoline prices continue to fall in a handful of states to $2.99 a gallon, marking the 50th consecutive day of declines and giving consumers a reprieve as high inflation rates have walloped their budgets. Gas stations in Oklahoma and Kansas are selling unleaded gasoline for $2.99 as of Aug. 4, according to Patrick De Haan, head… Continue reading Gasoline At (or Under) $2.99 a Gallon: Here’s Where
Stock Market Today: S&P, Nasdaq Retreat After Sizzling Jobs Report | Kiplinger
A milestone jobs report sent stocks lower on Friday as it sparked concern the Fed will stay aggressive with its rate hikes. Ahead of the opening bell, the Labor Department said the U.S. economy added 528,000 new jobs in July, more than double what economists were expecting. The U.S. has now recouped all 22 million… Continue reading Stock Market Today: S&P, Nasdaq Retreat After Sizzling Jobs Report | Kiplinger
Stablecoins: Definition and How They Work | Kiplinger
cryptocurrency We break down the different types of this emerging investment and explain its risks.Over the last few years, through surging market highs and painful downturns, stablecoins have become an integral part of both the DeFi and broader cryptocurrency ecosystems. With a total market cap of over $150 billion, stablecoins have drawn crypto novices and… Continue reading Stablecoins: Definition and How They Work | Kiplinger
Warren Buffett’s Berkshire Hathaway plowed a net $3.8 billion into stocks last quarter – and slashed its spending on buybacks to $1 billion
Warren Buffett’s Berkshire Hathaway reported second-quarter earnings on Saturday. The investor’s company was less active in the stock market and slowed its share buybacks. Berkshire posted double-digit increases in revenues and operating income. Loading Something is loading. Warren Buffett’s Berkshire Hathaway disclosed a strong performance from its operating businesses, less activity in the stock market, and… Continue reading Warren Buffett’s Berkshire Hathaway plowed a net $3.8 billion into stocks last quarter – and slashed its spending on buybacks to $1 billion
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