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Fed’s Bullard says economic outlook, including rate hikes, is not a ‘threat’ to stock market

The economic outlook, including the Federal Reserve’s shift to a less easy policy stance, shouldn’t necessarily cause the stock markets to suffer, said St. Louis Fed President James Bullard on Monday. “I’m really not seeing any threat to the market at this point,” Bullard said. Corporate earnings “will be just fine,” Bullard said. The economy […]

Cenizaro Hotels & Resorts Launches Dollar-A-Day Initiative

Committed to inspiring change for a better, more sustainable tomorrow Cenizaro Hotels & Resorts is delighted to launch a new philanthropic initiative for 2022, Dollar-A-Day. An extension of the luxury hospitality brand’s existing Cenizaro Cares programme, the new initiative is dedicated to enhancing the welfare of those in need within communities local to the resorts. […]

Stock futures are slightly higher as Wall Street weighs Russia-Ukraine tensions, potential Fed rate hikes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, January 18, 2022. Brendan McDermid | Reuters Stock futures were slightly higher Sunday evening as investors continued to monitor the developing tension between Ukraine and Russia and potential Fed rate hikes. Futures tied to the Dow Jones Industrial Average […]

If Russia does invade Ukraine, what are the consequences for the world economy?

We should hope against hope that Russia will not invade Ukraine, but we must be realistic that it may do so. If it does, there will be great human costs, and massive political consequences. Others can comment better about these. Here, let us focus on what this might mean for the world economy. What can […]

Nevadans grapple with punishing rent hikes even as economy rebounds

Nearly every morning for the last 27 years, Carlos Padilla would slip on his white double-buttoned pastry chef uniform, lace up his non-slip black kitchen shoes and head to work at the Treasure Island Hotel and Casino on the Las Vegas Strip. But when the pandemic hit, Padilla went from a full-time position to unemployed, […]

California Enacts Economic Relief in Early Budget Action

As part of the “early action” budget items, Senate Bill 113 (Budget and Fiscal Review Committee) was amended on February 2, passed the Legislature on February 7, and signed into law by Governor Gavin Newsom on February 9 as Chapter 3. SB 113 enacted economic relief for businesses and individuals in this state. There are […]

Dollar Tree Worker Shows ‘Be Colorblind’ Stickers in Viral TikTok

A viral TikTok shows “Be Colorblind” stickers that are allegedly sold at Dollar Tree, and many are accusing the company of perpetuating racism. TikToker Emily (@almondpiss), who appears to work for Dollar Tree, posted a video of the sticker sheet on Friday. The brand on the packaging says “Crafter’s Square,” which is a trademark of […]

Gas Prices at 7-Year Highs Could Undercut Biden’s Economic Recovery

The economic recovery is thriving, but surging gas prices are hurting President Biden’s approval. Prices sit at their highest levels since September 2014 as demand continues to overpower supply. The oil market’s volatility kept the recovery chaotic for Americans shouldering the growing costs. Loading Something is loading. … Read more…

World aligns into two blocs over Russia’s Ukraine threat

The BDN Opinion section operates independently and does not set newsroom policies or contribute to reporting or editing articles elsewhere in the newspaper or on bangordailynews.com. “War is peace.” “Freedom is slavery.” “Ignorance is strength.” In 1949, George Orwell wrote a cautionary story of a huge nation with these declarations as its mottos. The novel was […]

PolitiFact VA: Youngkin not far off on economic growth claim

Speaker: Gov. Glenn YoungkinStatement: Virginia’s economic growth “has stalled at less than 1% per year for eight years.”Date: Jan. 17Setting: Speech Gov. Glenn Youngkin says Virginia families, fighting to cope with inflation, don’t take solace in the state’s economic outlook. “They see an economy whose growth has stalled at less than 1% per year for […]