Fears about the health of the global economy have mounted after downbeat data from Europe, China and the United States fuelled concern that rampant inflation, disrupted supply chains and Russia’s invasion of Ukraine threaten a prolonged global slowdown. The S&P Global eurozone manufacturing purchasing managers’ index fell to 55.5 last month, down from 56.5 in […]
Amazon and Apple made headlines on Thursday after reporting their first-quarter 2022 earnings — which largely overshadowed Caterpillar’s (CAT 0.78%) earnings report. However, industrial bellwether Caterpillar’s results can provide insight into the pulse of the global economy, especially considering that over half of Caterpillar’s sales come from outside of North America. Here’s what Caterpillar just […]
By Maria Martinez Confidence among the eurozone’s consumers and businesses fell in April due to rising inflation and Russia’s invasion of Ukraine. The European Commission said Monday that its economic sentiment indicator–an aggregate measure of business and consumer confidence–declined to 105.0 in April from 106.7 in March. Economists polled by The Wall Street Journal had […]
A lone deflationist on the lunatic fringe of economics 30 years ago, I wrote in Barron’s and the San Francisco Sunday Examiner that an out-of-control dollar eventually would do us in. Specifically, I asserted that a short squeeze on dollars would send their value soaring, making it difficult or impossible for anyone who owed dollars […]
Headlines: 1 May, 2022 – Inflationary pressures mean that civilian workers’ average income declined 3.7% in real terms over the year ending March 2022 – Wall Street had the worst day in over a year on Friday, with the Dow Jones (2.7%), NASDAQ (4.1%), and S&P 500 (3.6%) all closing the day down – Amazon stock fell by fourteen percent, […]
Authors: Yose Rizal Damuri, CSIS Indonesia and Peter Drysdale, ANU On 12 and 13 May the leaders of ASEAN will meet US President Joe Biden at the White House for the first in-person US–ASEAN Summit since the beginning of the pandemic. The summit will be a way for ASEAN to communicate what it wants from […]
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After a month of intense civilian-led protests over Sri Lanka’s deteriorating economy, President Gotabaya Rajapaksa agreed to appoint a new council on Friday to lead the formation of an interim government. The resolution would create a coalition made up of all parties in Parliament and would remove the grip of the Rajapaksa family dynasty currently […]
By JAMES ANYANZWA Nairobi Securities Exchange (NSE) has found itself in a crisis attributed to scarcity of US dollars in the forex market. The EastAfrican has learnt that the bourse managers are concerned with the drop in supply of the US currency with fears that it could hit foreigners who control more than 50 percent […]
Outside a Dollar Tree in Detroit, Latasha Holmes lamented the rising cost of toilet paper, beverages, food and other items she had just purchased. The price increases, she said, were forcing her to choose among necessities for her and four kids. “What am I going to do? Prices are up everywhere, all over town,” she […]
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