Bank of Canada’s business and consumer surveys show signs of a weakening economy
According to the Bank of Canada, businesses anticipate sales to stall as consumers cut back on spending due to elevated inflation and increasing interest rates […]
Blogs
The death count from California rainstorms reached 20, and Biden is planning a visit
On Monday, the three-week-long march of atmospheric rivers that pounded California finally dissipated, allowing the state to start the lengthy repairs to streets and levees […]
Household wealth optimism downshifts global survey shows
Overview What it covers is… According to a regular global survey, narrowly two out of five people believe their families will be better off in […]
Legal and General inaugurates a direct real estate equity business in the U.S.
Legal & General is moving its direct real estate investment business into the U.S. for the first time and has hired Alexia Gottschalch and Tim […]
After shareholder backlash, Apple CEO Tim Cook accepts a 40% pay cut.
Apple Inc. is reducing Chief Executive Officer Tim Cook’s pay by more than 40% to $49 million in 2023, mentioning investor guidance and Cook’s request. […]
Merck and Pfizer rebuff China’s push for deeper price cuts on Covid drugs
Top US makers of Covid drugs seem to be resisting China’s efforts to get them to reduce their prices, highlighting the challenges it faces in […]
The downturn of inflation in the US could not stop the ongoing Fed
Consumer inflation has reduced in December as gasoline and oil prices have reduced, but not enough to counter the Fed rate hike. Economists expect the […]
Jackpot at Mega Million surged to approximately $1 billion this week
Inasmuch as Friday night draw went without a winner, Mega Million jackpot has soared to approximately $1 billion this week, marking the second largest jackpot […]
Tesla’s Texas factory expansion costs $770 million
According to the department of licensing and registration of Texas state, Tesla has registered its factory in Austin. Tesla plans to invest $770 million in […]
Unpopular steps are needed to stabilize prices, Powell
On Tuesday, Federal Reserve Chairman Jerome Powell emphasized the central bank requires it to be free from political interference while tackling persistent high inflation. While […]