US households have around $1.2 trillion in pandemic savings, according to Wells Fargo. But that could be bad for the Federal Reserve’s inflation battle, the bank warned. Companies will keep hiking prices as long as Americans have savings to dip into, strategists said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Americans’ pandemic savings will make it much tougher for the Fed to cool inflation, Wells Fargo says
Investors are bracing for another huge rate hike from the Fed. Here’s why it’s a critical moment for markets and the US economy.
Investors are bracing for the Fed to announce another huge interest-rate hike on Wednesday. Fed Chair Jerome Powell is set to discuss the inflation threat and the risk of a recession. Here’s why the rate decision and guidance will be critical for markets and the economy. Loading Something is loading. Thanks for signing up! Access… Continue reading Investors are bracing for another huge rate hike from the Fed. Here’s why it’s a critical moment for markets and the US economy.
Shipping giant Maersk warns ‘dark clouds’ on the horizon threaten to slow down the global economy
Shipping giant Maersk warned ‘dark clouds’ threaten the global economy as container demand slows. The Ukraine war and high inflation are weighing on consumer purchasing power, its CEO said Wednesday. Maersk, a bellwether for global trade, expects a more volatile business environment ahead. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Shipping giant Maersk warns ‘dark clouds’ on the horizon threaten to slow down the global economy
Amazon just fell out of the trillion-dollar market cap club for the 1st time since 2020 – leaving just 4 stocks with 13-figure valuations
Amazon lost its trillion-dollar valuation for the first time in two years Tuesday as its stock fell again. The online retailer’s shares fell 5.5%, meaning its market capitalization slumped to $987 billion. Now only four companies are left in the trillion-dollar club: Apple, Microsoft, Alphabet and Aramco. Loading Something is loading. Thanks for signing up!… Continue reading Amazon just fell out of the trillion-dollar market cap club for the 1st time since 2020 – leaving just 4 stocks with 13-figure valuations
Here’s Why Many Parents Want to See Crypto Education in Schools
At least in North America, personal finance education is rarely taught in schools and it shows in the gulf that exists in most people’s understanding of many money basics–a recent survey found that eight out of 10 people polled on the street drew a blank when asked to define a bond. A further seven out of 10… Continue reading Here’s Why Many Parents Want to See Crypto Education in Schools
TSX trading halted because of connection issue
All trading halted on the TSX, TSXV and Alpha markets All trading has been halted on the TSX, TSXV and Alpha markets. Photo by REUTERS/Mark Blinch The Toronto Stock Exchange has resumed trading after a connection issue halted trade shortly after opening bell this morning. Advertisement 2 This advertisement has not loaded yet, but your… Continue reading TSX trading halted because of connection issue
Vass Bednar: Let cash be king again — Why businesses should be forced to accept paper money
The general elimination of cash as a payment option creates problems for small businesses and consumers alike The Bank of Canada has clarified that it is not mandatory for Canadian businesses to accept cash. But maybe it should be. Photo by Denis Pepin/Fotolia I have a $20 bill in my wallet and I feel like… Continue reading Vass Bednar: Let cash be king again — Why businesses should be forced to accept paper money
Canada’s next-generation nuclear plans currently hinge on fuel from Russia
By David Reevely Oct 28, 2022 OTTAWA — Sanctions against Russia have cut off the supply of fuel for several of the next-generation nuclear reactors that Canada hopes to pioneer in the next few years, and there’s no immediate idea how to replace it, according to documents obtained by The Logic from Natural Resources Canada.… Continue reading Canada’s next-generation nuclear plans currently hinge on fuel from Russia
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