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Economy
478 posts
Why the Fed almost certainly isn’t going to do an emergency rate cut
New York CNN — Stocks closed deep in the red for a second day in a row on Monday as questions swirl over whether the US economy is in a recession following Friday’s unexpectedly weak jobs report. Investors are increasingly hopeful that will push Federal Reserve officials to come to their rescue with an emergency
Coffee shop in ritzy New York neighborhood faces fury after charging people $300 to use their LAPTOPS
A hip New York coffee shop has left customers boiling with rage after imposing an eye-watering charge on those who get out their laptops. Bedford Studio in the Manhattan's West Village is demanding $10 a day - or $300 a year – for anyone wishing to catch up on some work while sipping on its
Global stock markets tumble with some of the biggest sell-offs since 1987’s Black Monday as fears of US recession spook the financial world
Global stock markets tumbled on Monday with some of the biggest sell-offs since Black Monday in 1987. The Japanese index suffered its worst day in 37 years as fears of a US recession spooked the financial world. The Topix fell 12.2 per cent and the broader Nikkei 225 index plunged an even bigger 12.4 per cent. In
A landlocked state famed for its parks, pine forests and fry sauce has stunned everyone by ranking as America’s best place to live
It's famous for its breathtaking vistas, exciting ski runs, and as the Mormon headquarters. But in a surprising turnaround, Utah now ranks also as America's best state to live. That's according to ConsumerAffairs, a data and review platform, which studied each state's economy, education and healthcare systems, quality of life, safety, and affordability. New Hampshire
Is the US really heading for recession?
Is the US really heading for recession? Getty Images Over the past few days, global stock markets have been plummeting. Trading screens across the US, Asia and, to a certain extent, Europe are awash with blinking red numbers heading south. The sudden turn comes as fears grow that the US economy - the world's biggest
Black Monday: Futures Plummet As VIX Hits 62, Japan Suffers Worst Point Drop In History
Good morning and welcome to a global market meltdown, sparked by last week's catastrophic BOJ decision to hike rates by 0.15bps which in turn crushed the $20 trillion yen carry trade, sent the yen exploding higher and wiping out trillions in highly levered investments, leading to a cascade of selling and forced liquidations which has
Why the stock market is freaking out again
CNN — Fear has set in on Wall Street, and stocks are having another miserable day. The Dow tumbled more than 1,000 points at the open, and the broader market plunged 3% Monday. The Nasdaq, full of risky tech stocks, dropped 3.7%. All of that comes amid a global market selloff. Japan’s Nikkei 225 index
3 reasons to worry about July’s weak jobs report — and 1 reason not to panic
New York CNN — America’s robust post-pandemic job market is teetering on the brink after a lousy July hiring report in which the unemployment rate shot up to 4.3%, a three-year high. The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high earlier this week. And for
Kamala Harris’ economic pitch just got a lot more complicated
New York CNN — The Biden-Harris administration couldn’t shake the “vibecession” even when the economy was on a tear. It may be even harder now that cracks are forming in the labor market. Americans have been grumpy about the economy for the better part of three years because prices have gone up, and — fairly
U.S. Stocks Plunge as Recession Fear Takes Hold
The major stock indexes fell sharply on Monday morning, reflecting heightened fears that the U.S. economy may be headed for a serious economic slump. The decline highlights the level of worry among investors since economic data released last week showed unemployment rising and job growth slowing more than expected. Surveys of manufacturers also indicated a