Economy

Americans are suffering from 'recession fatigue', report says

Americans are suffering from ‘recession fatigue’, report says

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to fight persistent inflation, this tough stance may come at a price. Already, plunging stock markets have wiped out more than $9 trillion in US household wealth. Fed Chairman Jerome Powell also warned that the central bank’s upcoming moves to tackle …

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Americans are suffering from 'recession fatigue', report says

Americans are suffering from ‘recession fatigue’, report says

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to fight persistent inflation, this tough stance may come at a price. Already, plunging stock markets have wiped out more than $9 trillion in US household wealth. Fed Chairman Jerome Powell also warned that the central bank’s upcoming moves to tackle …

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China's factory and services surveys suggest the economy is struggling to rebound

China’s factory and services surveys suggest the economy is struggling to rebound

China’s official September manufacturing PMI above forecast Private survey shows factory activity has contracted sharply Growth in services sector activity slowed in September – official survey COVID curbs, easing foreign demand, weak real estate weigh BEIJING, Sept 30 (Reuters) – China’s manufacturing activity slowed growth in September, but slowing service sector growth and a pessimistic …

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Is the UK now a buy?  Analysts step in after market collapse and Bank of England intervention

Is the UK now a buy? Analysts step in after market collapse and Bank of England intervention

A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty Images UK bond markets and the pound plummeted this week as investors balked at the new government’s fiscal policy announcements, and some analysts believe opportunities are emerging. The Bank of England was forced to intervene …

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Pension fund panic led to emergency Bank of England intervention: Here's what you need to know

Pension fund panic led to emergency Bank of England intervention: Here’s what you need to know

The Bank of England on Wednesday launched a historic intervention in the UK bond market to shore up financial stability as markets were in disarray following fiscal policy announcements from the new government. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England has launched a historic intervention to stabilize Britain’s economy, announcing …

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Musk accuses the SEC of illegally muzzling him

Musk accuses the SEC of illegally muzzling him

Musk must get pre-approval before tweeting about Tesla, a requirement he called a “government-enforced muzzle.” US securities regulators are unlawfully muzzling Tesla CEO Elon Musk, violating his right to free speech by continually trying to enforce a 2018 securities fraud rule, Musk’s lawyer claims in a statement. memory. The document, filed Tuesday night in Manhattan …

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The British central bank intervenes in the market to stem the economic crisis

The British central bank intervenes in the market to stem the economic crisis

LONDON (AP) — The Bank of England took emergency action on Wednesday to stabilize Britain’s financial markets and avert a crisis in the wider economy after the government spooked investors with a program of debt cuts. unfunded taxes, causing the pound to fall and the cost of public debt to soar. The central bank warned …

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Consumers are increasingly optimistic about the US economy |  CNN Business

Consumers are increasingly optimistic about the US economy | CNN Business

CNN — Consumer confidence rose for a second consecutive month in September, as moderation in gasoline prices and hope that inflationary pressures may ease helped boost the collective morale of the nation. The Conference Board reported on Tuesday that its benchmark index rose to 108 from a revised 103.6 in August, the highest since April. …

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