TYLER, Texas (KLTV) – From the grocery store, to the gas station, and just about everything in between, Americans are feeling the pinch of inflation. Earlier this month, the Labor Department said consumer prices jumped 7.5% last month compared with a year earlier, the steepest year-over-year increase since February 1982. When measured from December to […]
By Eileen PersikeEditor RHINELANDER – U.S. Senate candidate Democrat Alex Lasry made a stop this week at Nicolet College. He said he was there to learn more about college’s collaborative economic development and entrepreneurship programs. One of those programs, The GRID, which stands for Guiding Rural Innovation and Development, is getting attention around the state […]
BW FILE PHOTO THE PESO depreciated versus the greenback on Thursday amid higher oil prices and as the US Federal Reserve chief made fresh signals regarding their planned rate hike. The local unit closed at P51.50 versus the dollar on Thursday, weaker by eight centavos from its P51.42 finish on Wednesday, data from the Bankers […]
Russia’s invasion of Ukraine has triggered severe economic sanctions and condemnation from the United States and its allies. Oil prices have surged due to concerns about disruptions to global supply, eight percent of which comes from Russian exports, leading traders to seek out alternative sources in an already tight market. The spiralling prices are a particular […]
At a time when the challenges posed by the still ongoing COVID-19 pandemic and increasing geopolitical tensions such as the Russia-Ukraine conflict are producing headwinds for a global economic recovery, that China has a solid foundation for achieving “stable economic growth” this year offers some reassuring ballast that it can be kept afloat. Despite the […]
Russia’s economy is expected to plunge into a deeper recession than the one caused by Covid-19 as a result of western sanctions and the country’s increasing isolation after invading Ukraine. Economists said measures imposed on Russian banks and companies by the US, EU, UK and their allies were having a severe impact on financial markets […]
Inflation increased in the US and UK, while in SA it slowed, though the figure remains near the top of the Sarb’s 3-6% target. Global stock markets continued heading down in February after a poor start to the year in January. The thought of tightening monetary policy combined with Russia invading Ukraine has caused investors […]
© Reuters By Gina Lee Investing.com – The dollar was down on Wednesday morning in Asia, but the moves were small. Investors flocking to safe-haven assets as Russia’ invasion into Ukraine intensified. The that tracks the greenback against a basket of other currencies inched down 0.01% to 97.382 by 9:58 PM ET (2:58 AM GMT). […]
This is what a depression looks like. Photo: Bettmann Archive/Getty Images The bad news on the U.S. economy is we’re seeing the highest levels of price inflation in 40 years or so. The silver lining is the economy is growing at a steady clip (7 percent on an annual basis in the last quarter of […]
During the brief heyday of Russia as a “Bric”, the acronym I dreamed up in 2001 to describe the possible future largest emerging economies in the world – Brazil, Russia, India and China – I would go to Russia reasonably frequently. In 2008, I was asked by the organisers to give a special presentation on […]
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