Economy

Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring

Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring It’s hard to say how effective the US Federal Reserve’s tightening monetary policy has been at taming inflation. But one thing’s for sure. higher …

Elon Musk wants the Fed to ‘cut interest rates immediately’ — but Jerome Powell just said inflation ‘remains far too high.’ Here are 3 sectors for safety if costs keep soaring Read More »

BofA Warns of Looming Unemployment Shock, Recommends Selling Stock Rallies

Bank of America (BofA) analysts are warning of a collapsing US labor market and a potential rise in unemployment next year. They also recommended selling a stock market rally ahead of the likely surge in job losses. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation …

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Apple plans to LEAVE China as COVID protests delay production of its products

Apple is planning to move parts of its production out of China after violent governmental protests delayed the company’s production – as CEO Tim Cook eyes up Vietnam and India as new hubs. The tech giant has accelerated plans to leave Zhengzhou, China – where iPhone City is located – in recent weeks, a source …

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AWS faces cost-sensitive customers at Reinvent as economic fears mount

Amazon: Web Services has been the biggest growth engine for its parent company over much of the past decade, taking business from some of the largest tech vendors in the world. But as corporations face the most daunting economic environment since the 2008 financial crisis, those massive checks they’re writing to AWS for their tech …

AWS faces cost-sensitive customers at Reinvent as economic fears mount Read More »

Dollar General adding 1,050 stores. Fresh produce coming

Illustration: Sarah Grillo/Axios Dollar General’s store-on-every-corner strategy is accelerating as consumers seek relief from inflation. Why does it matter? Price increases are prompting shoppers to trade down to less expensive products or stay closer to home — and that plays right into the hands of discount retailers like the nation’s largest dollar-store chain. Driving the …

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Kremlin rejects EU oil price cap. “Europe will live without Russian oil”

Former Delta Force Commander Lt. Gen. Jerry Boykin discusses if Putin is open to negotiations to end the Ukraine conflict and if US sanctions on Russia are enough on ‘Cavuto. Coast to Coast.’ The Kremlin on Saturday rejected the European Union’s plan to cap Russian oil prices at $60 a barrel as it looks to …

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The US economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks

Investors are trying to read the tea leaves in a choppy US stock market to gauge whether its recent run higher can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at the end of November by indicating its aggressive interest rate hikes could slow. “The leadership of the stock market is telling you …

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Rail workers speak out after Biden forces unions to accept deal. “He turned his back”

Fox News congressional correspondent Chad Pergram reports on Congress’ efforts to fund the government with two weeks left to avoid a shutdown. Rail workers are speaking out after Congress voted last week to avoid an industrial strike that could have had catastrophic economic consequences. BNSF railroad conductor Justin Schaaf told The Associated Press that he …

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Russia says it won’t accept oil price cap and is preparing response

Dec 3 (Reuters) – Russia “will not accept” a price cap on its oil and is analyzing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding. for its war in Ukraine. Kremlin spokesman Dmitry Peskov said Moscow …

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Brexit has fueled surge in UK food prices, says Bank of England policymaker UK cost of living crisis:

Brexit is contributing to a surge in food prices as the country heads into recession, a senior Bank of England policymaker has warned. Swati Dhingra – the newest member of the Bank’s monetary policy committee (MPC), which sets interest rates – also used an interview with the Observer: to suggest that the coming run of …

Brexit has fueled surge in UK food prices, says Bank of England policymaker UK cost of living crisis: Read More »