Among the world’s G20 economies, workers in China, Mexico, and Russia were the only ones to see their purchasing power grow in 2023, the U.N.’s International Labor Organization reported.
Category: 16 January 2024
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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MORGAN STANLEY AGREES TO PAY $249 MILLION FINE IN STOCK TRADING SCANDAL
In exchange for avoiding a criminal trial and no one receiving a prison sentence, Morgan Stanley bank agreed to pay a $249-million fine to the U.S. government to settle an investigation into the bank’s handling of several large stock trades from 2018 into 2021.
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MOST BOOMERS HAVE NOT SAVED ENOUGH TO RETIRE
Fewer than half of the Baby Boom generation, born between 1946 and 1964, have the resources to retire comfortably, a study by Business Insider found.
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MORTGAGE DEMAND RISES WITH NEW YEAR. SO DO MORTGAGE INTEREST RATES
The number of applications for mortgages to buy a home rose 6 percent during the first week of this year from the final week of December but remained 16 percent below the number a year earlier, the Mortgage Bankers Association (MBA) reported.
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U.S. MEDIAN HOME PRICE JUMPS 5.2 PERCENT IN NOVEMBER
The median selling price of U.S. homes in November reached $434,700, the U.S. Census Bureau reported, a 5.2-percent increase year on year compared to a 4.7-percent bump in October, according to data service CoreLogic.
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INFLATION KEEPS RISING
U.S. consumer prices grew by 3.4 percent in December, the Labor Department reported, surpassing November’s 3.1 percent and beating economists’ forecasts of 3.2 percent.
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DRINK BOTTLED WATER, SWALLOW MASSIVE AMOUNT OF MICROPLASTICS AND NANOPLASTICS
Researchers announced last week that bottled water contains greater amounts of microplastics and nanoplastics than previously thought—raising new health concerns.
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REVOLVING DOOR BETWEEN WASHINGTON, WALL STREET ON FULL DISPLAY AS U.S. PREPARES TO DOLE OUT BILLIONS IN GRANTS FOR SEMICONDUCTORS
Former employees of top financial firms have been tapped to work in a U.S. office tasked with distributing $39 billion in grants to the semiconductor industry—prompting two senators to raise concerns about fairness.
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CANCER IN YOUNG PEOPLE KEEPS RISING
Cancer rates among young Americans continue to soar—jumping from 95.6 cases in 100,000 in 2000 to 107.8 cases per 100,000 in people under 50, according to the latest federal data.