An aerial view of the Phillips 66 Oil Refinery is seen in Linden, New Jersey, USA. Tayfun Cosku | Anadolu Agency | Getty Images Brent crude fell below $85 a barrel on Monday as recession fears weighed and the American dollars leaps. Brent futures for November settlement fell to around $84.53 early in the day, …
Brent crude slides below $85 a barrel as dollar surges Read More »
Workers collect boxes from an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., Monday, June 21, 2021. Rachel Jesse | Bloomberg | Getty Images Amazon is hosting another Prime Day-like bargain next month, marking the first time it has held two such events in the same year. The company said on Monday …
Amazon’s second Prime Day sale will take place Oct. 11-12 Read More »
The British pound hit an all-time high. Matt Cardy | Getty Images The Pound sterling plunged to a record low on Monday morning in Asia, after the announcement last week by the new British government that it implement tax cuts and investment incentives to stimulate growth. The pound briefly fell 4% to an all-time low …
Sterling hits record low against the dollar, as Asia-Pacific currencies also weaken Read More »
Beer makers face many challenges as inflation and supply chain issues increase brewing and shipping costs. Shortages of aluminum cans and carbon dioxide, used in brewing, have hampered some brewers. For consumers, beer prices are rising — up 5% so far this year — but not as fast as those of other goods, including food, …
Could there be a shortage? Inflation, supply chain issues remain Read More »
The precious metal, often referred to as an “inflation hedge” and commonly referred to as a “safe haven,” looks lackluster. Gold (CG=F) is down 23% from its March peak and 10% since the start of the year. In our “What to do in a bear market” series, we asked the experts to tell us if …
Should investors hold some in a bear market? Experts weigh in Read More »
GM employees who have worked remotely due to the pandemic will be required to return to the office at least three days a week, starting later this year, the automaker confirmed Friday. An internal message to employees, first obtained by Automotive News and confirmed by GM on Friday, attributed GM’s appropriate work policy change to …
GM workers will return to office at least 3 days a week Read More »
A wave of massive selling driven by investor fears that the global economy could slide into recession rocked major stock market indices around the world on Friday. The Dow Jones Industrial Average, S&P 500 and Nasdaq each lost more than 1.5% on Friday, with the Dow closing at its lowest level since late 2020. The …
There’s more bad news for the company that’s supposed to merge with donald trumpit is Social truth to make it public: investors are starting to jump ship. Digital World Acquisition Corp. – the special purpose acquisition company (SPAC) that Truth Social needs to go public – revealed in a Filing with the Securities and Exchange …
Investors Fleeing Company That Plans To Merge With Trump’s Truth Social, Take It Public Read More »
It’s easy to tell workers that fun doesn’t have to cost money when you have a lot of money, I dare say.Photo: Jerod Harris (Getty Images) Google CEO Sundar Pichai, who heads one of the richest companies in the worldmost likely doesn’t want to talk money to employees as Big Tech giant is in the …
Google CEO Tells Workers They Don’t Need Money to Have Fun Read More »
The Federal Reserve raised its key rate five times this yearmost recently on Wednesday, as part of its continued efforts to slow the pace of inflation. The idea is that since the US central bank is making it more expensive to borrow money, the demand for goods and services will fall, thus causing prices to …
How to earn more money from your savings now that banks are raising interest rates Read More »