Federated Hermes portfolio manager Steve Chiavarone argues the U.S. economy is not headed for a ‘massive slowdown’ because consumers are sitting on a ‘ton’ of cash and are ready to spend it. The U.S. economy is not at risk of a recession, or a “massive slowdown,” according to Federated Hermes portfolio manager Steve Chiavarone. He […]
For starters we need to ask: What aspects of our competition/conflict with China are inevitable between a rising power and a status quo power, and what can be dampened by smart policy? Let’s start with the inevitable. For roughly the first 30 of the 40 years of economic integration, China sold us what I call […]
Skagit’s economy still recovering as unemployment aid expires goskagit.com Read more…
German Economy Minister Peter Altmaier said he was “doing very well” on Tuesday morning, hours after he was hospitalized Monday night. Bild first reported Altmaier was taken by ambulance to receive emergency treatment at Berlin’s Charité hospital, with news agency DPA reporting he was taken to hospital during a dinner meeting of the Bundestag’s economic […]
Market Roundup •French 12-Month BTF Auction -0.668%,-0.653% previous •French 3-Month BTF Auction -0.652%,-0.648% previous •French 6-Month BTF Auction -0.655%,-0.665% previous Looking Ahead –Economic Data (GMT) •23:30 Japan Average Cash Earnings (YoY) -0.1% previous •23:30 Japan Jul Household Spending (MoM) 1.1% forecast, -3.2% previous •23:30 Japan Jul Household Spending (YoY) 2.9% forecast, -5.1% previous •23:30 Japan […]
NEW YORK (WABC) — Labor Day 2021 represents a perilous crossroads for millions of Americans. Two primary anchors of the government’s COVID protection package are ending or have recently ended. The $300 weekly jobless benefit boost will stop Monday, affecting an estimated 8.9 million people. A federal eviction moratorium already has expired. While other aspects […]
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK car sales have dropped as the sector struggles with supply chain problems and staff shortages, and the pandemic weighs on the economy. The latest industry data, being released this morning, is expected to show new […]
A senior UN official has warned the climate crisis will “wreak havoc” across the Australian economy if coal is not rapidly phased out, and joined those explicitly calling for the Morrison government to adopt more ambitious emissions reduction goals. In a pre-recorded speech to an Australian National University forum to be held on Monday, Selwin […]
Article content An economic development campaign focused on helping agricultural businesses in the area recently kicked off in Sarnia-Lambton. Article content The $48,000 project, including 50 per cent funding through the Ontario Rural Economic Development (RED) program, includes one-on-one meetings with a consultant to discuss things like marketing and succession planning, virtual farm tours and […]
The dollar fell for a fourth straight day against a basket of other major currencies on Friday after a much weaker than expected U.S. payrolls report that is likely to keep the Federal Reserve at bay in scaling back its massive stimulus measures. Nonfarm payrolls increased by 235,000 in August, well short of the 728,000 […]
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