Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies...
Author Archive for: Support
April’s passenger car sales in China plummeted 36 percent in April, year on year, to 1.04 million as more...
TURKEY HEIGHTENS SCRUTINY OF FOREIGN CURRENCY TRANSACTIONS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 17 2022, 0Turkey’s central bank is scrutinizing corporate transactions involving foreign currency in amounts as small as $1 million in an...
RATE HIKES BRAKE CANADA’S HOUSING BOOM
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 17 2022, 0Canada’s housing market has been rising since 2010, with home prices up 53 percent from February 2020 through 31...
WORLD CAN GET BY WITHOUT RUSSIA’S OIL, IEA SAYS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 17 2022, 0After saying in March that sanctions on Russian oil exports would cause a “global supply shock,” the International Energy...
BUNDESBANK CHIEF BACKS ECB RATE HIKE IN JULY
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 17 2022, 0Joachim Nagel, president of Germany’s central bank, called on the European Central Bank to raise its key interest rate...
Christine Lagarde, president of the European Central Bank (ECB), indicated on 11 May that she could support an increase...
In the year’s first quarter, the U.K. economy grew 0.8 percent, driven by a spending spurt after the kingdom...
DATA SHOWS HOW BADLY CHINA’S LOCKDOWNS HAVE HURT ECONOMY
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 17 2022, 0In April, China’s retail sales contracted 11.1 percent, year over year to their lowest pace since March 2020, and...
GERMANY’S INFLATION RATE SETS ANOTHER RECORD IN APRIL
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 17 2022, 0The consumer price index in Europe’s largest economy grew by 7.8 percent in April, year over year, the fastest...
GLOBAL WHEAT CROP THREATENED BY EXTREME WEATHER
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, may 17 2022, 1Heatwaves, droughts, and floods threaten the world’s wheat harvest this year, as the Ukraine war and Western sanctions already...
SOARING DIESEL PRICES HURT TRUCKING COMPANIES IN U.S. AND GLOBALLY
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 17 2022, 0Diesel, the fuel used by truckers across the U.S., has seen its price soar in the past two months...
EMPLOYERS: “COME BACK TO THE OFFICE.” WORKERS: “I WANT TO WORK FROM HOME”
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 17 2022, 0Apple Together, a group that consists of 1400 current and former employees at Apple, sent an open letter to...
BIDEN TOUTS FED’S EFFORTS TO CONTROL INFLATION
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 17 2022, 0President Joe Biden emphasized his support for the U.S. Federal Reserve’s effort to control inflation by raising interest rates...
U.S. CASINOS BACK IN THE CHIPS IN MARCH
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 17 2022, 0U.S. casinos reported a monthly record $5.31 billion in revenue in March as gamblers streamed back to slots, wheels,...
Carvana, the online auto dealer with its towering car “vending machines,” has laid off 12 percent of its staff....
Average gasoline prices nationwide reached $4.483 a gallon on 16 May, the American Automobile Association (AAA) reported, with diesel...
The volume of applications to refinance mortgages plunged 40 percent in this year’s first quarter, compared to a year...
Americans added $266 billion to their debts in this year’s first quarter, with credit card balances rising and mortgage...
INFLATION AT WHOLESALE LEVEL HIT 11 PERCENT IN APRIL
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, may 17 2022, 0The U.S. Producer Price Index, which tracks the prices that manufacturers charge for the products leaving their factories, grew...