Most agree a recession could start to take shape in the United States over the next few months. The question is what shape that recession will take. Recessions and recoveries come in shapes and sizes as varied as the alphabet. Perhaps that’s why economists have come to name different kinds of economic downturns after letters. […]
Roughly six weeks after successful union votes at two Buffalo-area Starbucks stores in December, workers had filed paperwork to hold union elections in at least 20 other Starbucks locations nationwide. By contrast, since the Amazon Labor Union’s victory last month in a vote at a huge warehouse on Staten Island, workers at just one other […]
CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told […]
The IEA, after warning on March 16 that 3 million barrels per day could be shut in from April, lowered that figure for a second time as it noted only 1 million barrels per day had gone offline. Production ramping up elsewhere and slower demand growth due to China’s forest lockdowns will a big deficit, […]
“America is fighting on two fronts,” Biden said during a speech in a barn in Kankakee, Illinois. “At home, it’s inflation and rising prices. Abroad, it’s helping Ukrainians defend our democracy, and feeding those who are left hungry around the world because Russian atrocities exist. … And the American farmers understand Putin’s war has cut […]
With President Joe Biden’s legislative agenda stalled in Congress, the American Rescue Plan — the $1.9 trillion stimulus bill Democrats passed in March 2021 — may stand as his biggest achievement. But did it contribute to the country’s current inflationary month? The massive spending law, which included $1,400 checks for each person in a family, […]
Cryptocurrencies, according to their most ardent supporters, are supposed to supplant nations’ existing currencies and end central banks’ control over the money supply. Instead, individuals will be able to trade with each other in a decentralized, digital financial ecosystem. This is a good thing, they promise, because unlike states and their central banks, technology is […]
What’s happening: As of last Friday, the price of bitcoin had plunged almost 50% from its all-time high as traders — concerned about whether the Federal Reserve’s bid to fight inflation could tip the economy into a recession — dumped riskier investments. But in recent days, the implosion of TerraUSD, a high-profile crypto experiment, has […]
Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 11 (Reuters) – On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in […]
Seaport Securities founder Teddy Weisberg and Carnivore Trading founder Dutch Masters discuss which stocks have the pricing power investors are willing to pay for on ‘The Claman Countdown.’ US equity futures traded lower Thursday morning as selling continued after the consumer price index for April remained near a 40-year high, sparking concerns about a looming […]