D3sign | time | Getty Images With daily expenses remaining high due to inflation, more and more Americans are relying on credit cards to make ends meet. As the personal savings rate fell near an all-time low, credit card balances jumped 15% year over year, according to the latest quarterly report from the Federal Reserve …
Americans rely heavily on credit cards amid inflation Read More »
As rising prices continue to weigh on households, more and more families are feeling exhausted. In November, 63% of Americans were living paycheck to paycheck, according to a monthly report from LendingClub – up from 60% the previous month and near the all-time high of 64% reached in March. Even high-income earners are under pressure, …
Amid high inflation, 63% of Americans are living paycheck to paycheck Read More »
Fruit and vegetable prices are displayed at a store in Brooklyn, New York, March 29, 2022. andrew kelly | Reuters Global markets have been encouraged in recent weeks by data indicating that inflation may have peaked, but economists are warning of a return to the “transitional” inflation narrative. Stocks rebounded when the U.S. Consumer Price …
A man drives a cart past a screen showing Chancellor of the Exchequer Jeremy Hunt being interviewed by the BBC the morning after his autumn statement, outside BBC studios in central London. Aaron Chown – Pa Images | Pa pictures | Getty Images LONDON — UK growth has lagged the world’s biggest economies since the …
Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan Mcdermid | Reuters Global equity markets have rallied on hopes that central banks will soon begin to ease their aggressive interest rate hikes as inflation shows signs of peaking, but strategists …
The global stock market rally may be about to meet the reality of recession Read More »
The economy has consumers and investors worried, and the former have punished tech company stocks in recent weeks by selling them off. Consumers are strongly impacted by inflation, which is at its highest level in 40 years. This inflation affects the prices of almost all products and services. It urges caution. Aggressive central bank interest …
Shipping containers at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California on April 7, 2021. Lucy Nicholson | Reuters An increase in canceled or canceled departures from Asia to the United States is hitting some of the largest domestic ports, including the Port of Long Beach …
Canceled Chinese crossings and ‘drastic’ ship cuts hit US export market Read More »
Trends in global supply chains continue to reverse as container prices fall and container depots fill up, according to logistics data. Sasin Tipchai | 500Px | Getty Images While there was a shortage of containers at the height of the pandemic, the global economy is now facing the opposite problem: too many containers. In addition …
The global shipping industry faces a new problem: too many containers Read More »
Inflation continues to suck much of the oxygen out of earnings calls, and whether it’s Pepsico doing more with less unit volume or Apple finding the right time to demand more from service subscribers, larger companies still have the ability to pass on price increases to customers, and many expect this to continue. But at …
Where the economy is showing signs of slowing near recession levels Read More »
“The Beginning of the Endgame” The Federal Reserve’s “sufficiently above neutral” language is key in its post-decision statement, Morgan Stanley’s Jim Caron told CNBC. The central bank said “in order to achieve a sufficiently tight monetary policy stance to bring inflation down to 2% over time.” “What the Fed has just told us is that …
Real-time updates from the big Fed rate hike and Jerome Powell’s press conference Read More »
