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Economy

Wheat Prices Fall to Pre-War Levels after Russia-Ukraine Deal to Unblock Exports

July 23, 2022 - 10:10 am by Nick R. Hamilton

The global price of wheat has fallen to pre-Russian invasion levels following the Friday announcement that Russia and Ukraine have struck a deal to unblock exports.

Categories Economy Tags Business, Food, Food Shortages, Food Supply, News, Russia, Ukraine, Wheat 1 Comment

Looming Debt ‘Death Spiral’ Will Force Fed to Restart Money Printers Sooner, Expert Warns

July 22, 2022 - 1:58 pmJuly 22, 2022 - 10:10 am by Nick R. Hamilton

A leading economic expert is warning that the U.S. Federal Reserve will soon be forced to start printing money again as a “death spiral” of debt is looming.

Categories Economy Tags Business, Debt, Federal Reserve, Inflation, News Leave a comment

30 Percent of Gen Z Americans Permanently Living with Parents amid Inflation Squeeze

July 21, 2022 - 11:05 amJuly 21, 2022 - 10:10 am by Nick R. Hamilton

Almost 30 percent of Gen Z Americans are living with their parents amid recent pressures from inflation and the pandemic, according to a new survey.

Categories Economy Tags Business, Gen Z, Inflation, News, Rent 2 Comments

Netflix to Crack Down on Password-Sharing with ‘Add a Home’ Fee

July 20, 2022 - 11:37 amJuly 20, 2022 - 10:10 am by Nick R. Hamilton

Netflix has announced that it will expand its crackdown on subscribers sharing their passwords with friends and family members from different households.

Categories Economy Tags Business, Get woke go broke, Netflix, News Leave a comment

Morgan Stanley Warns Bear Market ‘Not Over,’ Even If We Avoid Recession

July 19, 2022 - 10:48 amJuly 19, 2022 - 10:10 am by Nick R. Hamilton

American multinational investment bank Morgan Stanley has warned that the current bear market is “not over” amid recent positive signals.

Categories Economy Tags Bear Market, Business, Economy, Inflation, Morgan Stanley, News, Recession Leave a comment

Sri Lanka Placed under Emergency Declaration Ahead of Vote for New President

July 18, 2022 - 11:58 amJuly 18, 2022 - 10:10 am by Nick R. Hamilton

Crisis-hit Sri Lanka’s acting president has declared a state of emergency across the island nation ahead of the parliamentary vote for the country’s new leader.

Categories Economy Tags Business, News 2 Comments

Retail Sales Rose in June but Down When Inflation Taken into Account

July 17, 2022 - 1:04 pmJuly 17, 2022 - 10:10 am by Nick R. Hamilton

Retail sales in the United States saw a 1 percent rise in June but were down when the impact of inflation is taken into account.

Categories Economy Tags Business, Economy, Inflation, News, Retail 1 Comment

Recession Barometer Copper Plummets in Ominous Sign for World Economy

July 16, 2022 - 1:03 pmJuly 16, 2022 - 10:10 am by Nick R. Hamilton

The price of copper, widely considered a barometer to predict a global recession, has plummeted in an ominous sign for the world economy.

Categories Economy Tags Business, News Leave a comment

Defaults to Soar amid ‘Extremely High’ Recession Risk and Rising Borrowing Costs

July 15, 2022 - 10:57 amJuly 15, 2022 - 10:10 am by Nick R. Hamilton

Credit defaults in the United States are expected to soar as borrowing costs continue to rise amid an “extremely high” risk of recession, a group of finance industry leaders is warning.

Categories Economy Tags Business, Credit, Federal Reserve, Inflation, Jerome Powell, News Leave a comment

Twitter Back Online for Many Users after Suffering Global Outage

July 14, 2022 - 12:16 pmJuly 14, 2022 - 7:10 am by Nick R. Hamilton

Twitter was coming back online on Thursday after an hour-long outage kept thousands of users across the globe from accessing the social media website.

Categories Economy Tags Business, News 1 Comment
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