January’s Food Price Index has risen 10 percent year on year, the highest level since July 2014, the U.N....
Tag Archive for: feb 9 2021
Reversing five months of sinking prices, inflation shot from -0.3 percent in December to 0.9 percent in January, according...
SERVICE SECTOR REVIVES IN U.S., SLOWS ELSEWHERE
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 9 2021, 1IHS Markit’s Purchasing Managers Index (PMI) for the U.S. service economy rose from 54.8 in December to 58.3 in...
EUROPE’S ECONOMY DOWN – CHINA, U.S. UP
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 9 2021, 1The Eurozone’s economy shrank 0.7 percent in 2020’s final quarter, contributing to the region’s loss of 6.8 percent for...
ExxonMobil, the world’s second-largest oil company, reported its fourth quarterly loss in a row for the last three months...
BANK OF ENGLAND SIGNALS NEGATIVE INTEREST RATES AHEAD
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 9 2021, 1The U.K.’s central bank has told commercial banks to make needed changes to their processes and records systems to...
INDIA TO PUMP IN CHEAP MONEY TO BOOST ECONOMY
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 9 2021, 1India’s government will seek to borrow $11 billion from capital markets over the next six weeks to initiate capital...
ARAB GOVERNMENTS MUST MAKE ECONOMIC REFORMS, IMF WARNS
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 9 2021, 2Governments in the Arab world must invest in technology and make economic reforms that accelerate recovery from the global...
In a major policy reversal, the Cuban government will permit small, private businesses to operate in most sectors of...
ITALY’S FABLED WEDDING INDUSTRY NEARS COLLAPSE
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, feb 9 2021, 2Italian landscapes from Tuscany’s countryside to Sicily’s dramatic hills have made the country a favorite site for luxury weddings...
BIG BANKS SLASHING BRANCHES. In late January, TD Bank announced the closure of 81 of its 1,223 U.S. branches...
The U.S. economy created 49,000 net new jobs in January, about 43,000 of which were public-sector positions, the U.S....
Go back to 2017. From the day Donald Trump took office until the COVID War began last February, a...
MOST CITIES LOST CONSTRUCTION JOBS IN 2020
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 9 2021, 1Despite a boom in home remodeling, more than half of U.S. major metro areas lost construction jobs in 2020,...
LEISURE TRAVEL DEMAND REDRAWS AIRLINE MAPS
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 9 2021, 4With business travelers still off the road and leisure travelers beginning to return to the skies, U.S. airlines are...
LIFE INSURANCE SALES SOAR DURING PANDEMIC
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 9 2021, 2Afraid the coronavirus will kill you? Many are. Applications for life insurance rose 4 percent year on year in...
In December and January, 21 percent more contracts for condo sales in Manhattan were signed than during the same...
HEDGE FUND MAKES “GENERATIONAL BET” ON HOUSING
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, feb 9 2021, 3Pershing Square Capital Management, a hedge fund managing more than $7 billion in assets, has increased its ownership share...
When the COVID War broke out last year and the mainstream media pumped up a steady stream of fear...
An investigation conducted by a committee in the U.S. House of Representatives found that some top baby food brands...