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Germany Narrowly Avoids Recession as Pandemic, Ukraine Invasion Weigh Heavily on Economy

May 25, 2022 - 10:53 amMay 25, 2022 - 10:13 am by Nick R. Hamilton

Germany has narrowly avoided a recession in the first quarter as its economy comes under increasing pressure from the Ukraine invasion and the lingering impact of the pandemic.

Categories Economy Tags Business, Economy, Germany, News, Recession 1 Comment

Report Reveals Inflation’s Growing Impact on Dining Habits

May 24, 2022 - 12:52 pmMay 24, 2022 - 10:13 am by Nick R. Hamilton

Soaring inflation is having a direct impact on people’s dining habits, a new report has revealed.

Categories Economy Tags Business, Consumer Confidence, Inflation, News Leave a comment

Gas Price Jumps 33 Cents in 2 Weeks, Analysts Warn of $6 per Gallon by August

May 23, 2022 - 11:36 amMay 23, 2022 - 10:13 am by Nick R. Hamilton

As the average gas price continues to soar in the United States, analysts are now warning that Americans could be paying $6 per gallon by August.

Categories Economy Tags Business, Economy, Energy, Gas Prices, Inflation, News 2 Comments

Apple Projects Billions in Lost Revenue over Supply Constraints from China Due to Lockdowns

May 22, 2022 - 10:13 am by Nick R. Hamilton

Apple is projecting billions in lost revenue to the supply constraints placed on the company during strict lockdowns in China.

Categories Economy Tags Apple, Business, China, Foxconn, Lockdowns, News 2 Comments

Russia Shuts Down All Gas Exports to Finland

May 21, 2022 - 1:08 pmMay 21, 2022 - 10:13 am by Nick R. Hamilton

Russia has shut down all gas exports to neighboring Finland after the Nordic country refused to pay for Russian gas supplies in roubles.

Categories Economy Tags Business, Energy, Finland, Gas, News, Russia 4 Comments

UK Consumer Confidence Hits Lowest Level since Records Began

May 20, 2022 - 12:52 pmMay 20, 2022 - 8:13 am by Nick R. Hamilton

Confidence among UK consumers has hit the lowest level since records began nearly five decades ago, according to a new report.

Categories Economy Tags Business, Consumer Confidence, Economy, Inflation, News, UK Leave a comment

White House Makes Worrying Admission about Stock Market

May 19, 2022 - 11:02 amMay 19, 2022 - 10:13 am by Nick R. Hamilton

White House Press Secretary Karine Jean-Pierre has admitted that President Joe Biden’s administration is not monitoring the stock market on a regular basis.

Categories Economy Tags Biden, Business, Economy, Karine Jean-Pierre, News, Stock Market, White House 1 Comment

Powell: Fed to Raise Interest Rates without ‘Hesitation’ until Inflation Eases

May 18, 2022 - 11:48 amMay 18, 2022 - 10:13 am by Nick R. Hamilton

Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down.

Categories Economy Tags Business, Central Bank, Economy, Federal Reserve, Inflation, Interest Rates, Jerome Powell, News Leave a comment

Elon Musk: Twitter Deal ‘Cannot Move Forward’ until Bot Data Confirmed

May 17, 2022 - 11:09 amMay 17, 2022 - 10:13 am by Nick R. Hamilton

Elon Musk has warned Twitter that his deal to buy the company “cannot move forward” until the data on bots and fake accounts has been confirmed.

Categories Economy Tags Business, Elon Musk, News, Spam Bots, Twitter Leave a comment

Rep. Johnson: Biden Must Stop Foreign Energy Reliance & ‘Reckless Spending’ to Reduce Inflation

May 16, 2022 - 11:23 amMay 16, 2022 - 10:13 am by Nick R. Hamilton

Rep. Bill Johnson (R-OH) has warned Democrat President Joe Biden that his administration needs to end reliance on foreign nations for energy and reverse its course of “reckless spending” if inflation is going to go down.

Categories Economy, Politics Tags Biden, Bill Johnson, Business, Energy, Inflation, News 1 Comment
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