As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
This is week 46 of job cuts. And get ready for a bad situation to get much worse. The higher the U.S. and EU raise interest rates the deeper economies will decline and the higher the unemployment numbers will rise.
Pacific Investment Management Co. (Pimco), the largest U.S. active bond fund manager, believes markets are far too optimistic about the U.S. Federal Reserve’s and European Central Bank’s ability to bring inflation to heel without causing a recession.
The number of business and personal Chapter 11 bankruptcies shot up to 2,973 during this year’s first five months, a 68-percent increase from the 1,766 in the same period in 2022, data service Epiq Bankruptcy reported on 3 July.
In June, wages were 4.4 percent higher than a year earlier and unemployment edged down to 3.6 percent from 3.7 percent in May.
All 11 voting members of the U.S. Federal Reserve’s Open Market Committee agreed to defer an interest rate increase in June’s meeting, the session's newly-released minutes show.
It was The New York Times’s turn last week to publish a hit piece against Robert F. Kennedy Jr., the Democratic challenger to President Joe Biden, and did its best to portray the environmental lawyer as a tin foil hat-wearing conspiracy theorist.
The United Nations' nuclear watchdog last week gave the final approval for the release of 1.25 million tons of the treated wastewater from Japan’s Fukushima nuclear plant into the Pacific.
A newly released study shined a new light on the financial struggles of millions of young Americans and found that 73.2 percent of Millennials—those between 25 and 40 years old—are living paycheck to paycheck.
“A riddle wrapped up in an enigma” is a shortened form of a quotation made in October 1939, just one month after the Second World War had begun, by Sir Winston Churchill in a radio broadcast to the British people. At the time, Churchill was First Lord of the Admiralty. The full comment was “I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma…”