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BUSINESS

US Personal Savings Hit Historic Low, but the Bottom Is Still Far Away

The disposable income of U.S. citizens hit a low not seen since 2005 in November, another clip of data worrying some analysts that a meaningful recession and even a potential
The 2.2% US Personal Savings Rate not seen since 2005 GFC still hasn't bottomed.

Economists Say Japan May Unwind Easy Monetary Policy in 2023: Reuters Poll

By Kantaro Komiya. TOKYO — The Bank of Japan (BOJ) could unwind its ultra-loose monetary policy between March and October next year, according to almost half the economists in a
US Government to Bolster Strategic Petroleum Reserve: Senior Officer
Amazon Failed to Record Warehouse Injuries: US Agency
Taiwanese-Americans Hope to Strengthen Community, Spur Business in Upstate NY
US Import Prices Drop in Hopes of Easing Inflation
Global Investors Fly Blind Into China’s Messy Post-COVID Transition
Wall Street Braces for a Recession Amid Dwindling Consumer Spending
Amazon Workers in New York Reject Union in Blow to Organizing Effort
(Reuters) — Amazon.com Inc workers rejected by a nearly two to one margin organizing a warehouse in a...
Missouri Pulls $500 Million From BlackRock Over Asset Manager ESG
(Reuters) — Missouri has pulled $500 million out of pension funds managed by BlackRock Inc, state Treasurer...
South Africa’s Transnet Agrees to Three-Year Wage Deal With Majority Labor Union
(Reuters) — South African state-owned logistics firm Transnet said on Monday, Oct. 17 that it had agreed...
‘The Time for Negotiations is Over,’ Says French Finance Minister Amid Worsening Petrol Crisis
The time for talking is over, French Finance Minister Bruno Le Maire said on Monday, Oct. 17 as the government...
The automotive industry's supply chain is about to be upset even further starting in November, says S&P Global Mobility.
The Auto Industry’s Supply Chain Is About to Get Wrecked, Says Major Analyst Firm
It can perhaps be said that an embattled automotive industry’s supply chain is facing a certain kind...
Alaska's snow crab season has been cancelled after a billion of the animals have vanished.
Alaska’s Snow Crab Season Canceled After a Billion Crabs Vanish
The Alaska Department of Fish and Game has canceled the winter snow crab season for the first time in...
Royal Mail Warns of ‘Thousands of Job Cuts’ As it Slides into Red
London (Reuters) — Royal Mail could cut up to 10,000 jobs and the loss-making business warned of more...
Vodafone in Advanced Talks to Finalize Vantage Stake Sale by Nov. 15: Sources
LONDON (Reuters) — Vodafone is speeding up talks with a handful of financial investors to sell a slice...
Biden Hails IBM’s $20 Billion Manufacturing Deal
U.S. President Joe Biden on Thursday, Oct. 6 championed his administration's push to subsidize U.S. semiconductor...