New borrowing among the world’s richest countries will reach a record $15.8 trillion this year, according to the 38-member Organization for Economic Cooperation and Development (OECD). The nations’ total debt will reach $56 trillion this year, up from $54 trillion in 2023, it projected.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
The value of U.S. imports increased 1.1 percent in January while exports ticked up just 0.1 percent, widening the trade deficit by 5.1 percent over December’s gap to $67.4 billion, the most since April 2023 and larger than economists had forecast.
The pace of wage growth slowed in February and unemployment rose slightly to 3.9 percent, strengthening convictions that inflation will fall to the U.S. Federal Reserve’s 2-percent target without tipping the country into a recession.
In February, U.S. employers announced plans to cut 84,638 workers, 3 percent more than in January and 9 percent more than a year earlier, outplacement firm Challenger, Gray & Christmas reported.
The Bitcoin ETFs hadn’t been out for a month when pronouncements of their failure were being peddled by some in the media.
As the price of Bitcoin stayed at or near record highs this past week, there was news and signs of interest and investment from all over.
In a recent interview with CNBC, a Microsoft engineer revealed that Microsoft’s Copilot generative AI image creator just isn’t complying with the “responsible AI principles” tech companies and the Biden administration have committed to ensuring.
Elon Musk has a track record for taking visionary tech from the drawing board to real-world products that change industries, and capture the imagination.