The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
Author: admin
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Job growth for nonfarm payrolls came in higher than expected for November with 64,000 jobs created, the Bureau of Labor Statistics reported today.
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SPOTLIGHT: BIGS GETTING BIGGER
Paramount Skydance’s $108-billion hostile bid to buy out Warner Brothers Discovery was possible because government funding arms in Qatar, Saudi Arabia, and the United Arab Emirates were willing to lend most of that amount to the deal.
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SILVER SETS RECORD PRICE ABOVE $60 AN OUNCE
On 9 December, silver’s price jumped 4 percent to $60.40 an ounce, its first time above $60. The price closed on 15 December at TK.
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OIL SUPER GLUT’ DUE IN 2026, MAJOR TRADER FORECASTS
Next year, the world will be inundated by an oversupply of oil amid a sluggish global economy, creating a “super glut” of oil, according to Saad Rahim, chief economist for Trafigura, one the world’s leading commodities traders.
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TOP TREND 2022, SELF-SUFFICIENT ECONOMIES: JPMORGAN LAUNCHES $1.5-TRILLION INVESTMENT PLAN WITH ALL-STAR ADVISORS
JPMorgan Chase, the richest U.S. bank, will invest $1.5 trillion over the next 10 years in projects that enhance U.S. self-sufficiency in critical materials and boost competitiveness in advanced technologies, executive chair James Dimon has announced.
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U.S. TRADE DEFICIT SHRINKS TO FIVE-YEAR LOW
In September, the U.S. trade deficit was its smallest since June 2020, the U.S. Commerce Department said, falling 11 percent from August to $52.8 billion.
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HOMEOWNERS LOSE EQUITY AS HOME PRICES COME OFF MULTI-YEAR HIGHS
The rise in the selling price of U.S. homes has been slowing for much of this year as more homes have come on the market and sellers have cut prices to entice a still relatively small pool of qualified buyers.
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RETAILERS HAVE CUT MORE THAN TWICE AS MANY JOBS THIS YEAR AS LAST
This year, U.S. retailers have dumped 140 percent more workers than they did in 2016, outplacement firm Challenger, Gray & Christmas reported.
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JOBLESS CLAIMS SURGE
In the week ending 5 December, new claims for unemployment benefits increased at the greatest weekly pace since 2021, The Wall Street Journal reported.