Tag: recession
US Consumers Confidence Ebbs as Housing Prices Slow
WASHINGTON (Reuters) — U.S. consumer confidence ebbed in October after two straight monthly increases...
Oil Prices Fluctuate Amid Recession Concerns and Unstable Chinese Demand
NEW YORK (Reuters) — Oil prices toggled between negative and positive territory on Friday, Oct. 21 as...
Britons Turn to ‘Warm Banks’ Amid Political Turmoil and Worsening Inflation
LONDON (Reuters) — As winter approaches and temperatures dip, charities and local authorities across...
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 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...
Business Is Still Booming for One Industry: Superyachts
Even as the world’s equities markets have posted one of the worst performing years on record thus far...
The Impact of Inflation Rears Its Head in US Credit Card Debt
Although the battle against record inflation, not only in the United States, but all across the world...
Governments Hemorrhaging Foreign Reserves as Geopolitical Tensions Strain Global Economy
Governments and central banks are burning through their cache of foreign reserves at an unprecedented...
Imports to America’s Largest Maritime Hub Dropped a Staggering 17% Annually in August
Imports to the largest maritime shipping hub in America fell 16.8 percent year over year and almost the...
Wells Fargo CFO Says There Will Be Stress as Economy Slows
Wells Fargo & Co is seeing loan growth moderating after strong growth so far this year and witnessing...
Europe Heading for Recession as Cost of Living Crisis Deepens
The euro zone is almost certainly entering a recession, with surveys released on Monday, Sept. 5 showing...