A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …
The Fed will raise rates again. But that’s playing with fire | CNN Business Read More »
Redfin CEO Glenn Kelman joins ‘Cavuto: Coast to Coast’ to discuss the state of the housing market after sales of existing homes fell for a ninth consecutive month in October. Editor’s Note: Richard “Monty” Montgomery writes a real estate advice column for Creators Syndicate. He is the author of “Money from Home: An Insider’s Secrets …
Here’s how to build a brand new home in 23 steps Read More »
The fierce negotiations that nearly shut down the country’s freight rail system last week hinged on a quality of life issue: furloughs for workers. Railway workers nearly went on strike for paid sick leave. They lost their fight, but in the post-pandemic era, the question of how and when workers can take time off from …
Sick leave and family leave top post-Covid union demands Read More »
Western sanctions against Russia for its invasion of Ukraine may not have resulted in the dramatic economic collapse that some had predicted, but they still had a huge impact. Russia is now the most sanctioned country in the world and shortages of goods, limited access to services and other restrictions are slowly changing everyday life …
7 unexpected ways Western sanctions have affected life in Russia Read More »
Illustration by Risto Avramovski Text size About the Author: Pierre Cramer is Senior Managing Director and Senior Portfolio Manager, Insurance Asset Management at SLC management. This comment reflects his personal opinions. The trajectory of risky assets in 2023 depends on how far the Federal Reserve is willing to go with its interest rate hikes to …
The threat of runaway inflation is still relevant Read More »
Former senior adviser to Secretary of State Pompeo Mary Kissel reacts to Xi Jinping’s meeting with the Saudi crown prince, telling ‘Mornings with Maria’ that it is an “important strategic move by China”. Chinese President Xi Jinping on Friday called on leaders of major oil-producing nations to conduct oil sales using the Chinese yuan as …
China calls for oil to be swapped with yuan at Gulf summit in Saudi Arabia Read More »
The nationwide labor shortage in the United States is about to complete its second year. More than three million people have been missing since the start of the coronavirus pandemic, and many of them are women. Despite a slight progression in the decline in female unemployment over the past month, their overall employment rate has …
Labor Shortage: How “Fairer Labor” Can Bring Women Back Read More »
Jeremy Siegel is one of the few market experts to expect stock market gains in 2023. The Wharton professor grilled the Fed and outlined his forecast for 2023 in an interview with CNBC last week. Here are the top nine quotes from Siegel’s interview on inflation, the economy, and the stock market. Loading Something is …
We find a good place to go rubbernecking. By Wolf Richter for WOLF STREET. A collapse chart has been making the rounds on social media, financial blogs and more. It’s distributed without context, like it’s self-explanatory, kind of like, look, the world is falling apart. It’s from the St. Louis Fed data repository. The title …
How big are the Fed’s losses and where can we go to see them? Read More »
November’s PPI month-over-month beats estimates. FOX Business’ Cheryl Casone with more. If you’re suffering from inflation this holiday season, you’re not alone. Businesses are also crushed. Over the past 12 months, prices paid by businesses have risen 7.4%, according to the latest data from the Producer Price Index (PPI), used to measure “wholesale inflation”. Both …
Looks like the Inflation Grinch plans to stay. Buckle up, America Read More »
