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.
Last month, economic activity picked up in China’s retail and travel industries as well as at computer chip and smartphone factories, the National Bureau of Statistics (NBS) has reported.
In July, Britain’s economy contracted most sharply since December, with GDP puckering by 0.5 percent compared to July and busting analysts’ expectations of a 0.2-percent slide.
The European Central Bank’s (ECB’s) decision last week to signal that its interest rate may now have peaked was not unanimous.
On 14 September, the European Central Bank (ECB) raised its key interest rate for the 10th time in as many meetings, bumping it by a quarter point to an even 4 percent, the highest since the euro currency was introduced in 1999.
Since January, oil production cuts by the Organization of Petroleum Exporting Countries have subtracted 2.5 million barrels a day from the world’s oil supply, the International Energy Agency (IEA) has calculated.
This is the 54th week that we have been reporting job losses. And as we note in this Trends Journal, the outlook for hiring workers for the holiday season is at a Panic of ’08 low.
Carrie Tolstedt, former head of Wells Fargo’s community banking division, was sentenced to three years’ probation, including six months’ home confinement, last week for her role in the bank’s 2016 scandal in which more than two million credit cards and bank accounts were created for existing customers without their knowledge.
The median apartment rent in New York City’s Manhattan borough remained at $4,370 in August, maintaining the record set in the month before, according to brokerage Douglas Elliman and appraisal firm Miller Samuel.
U.S. retailers plan to hire the smallest number of seasonal workers since 2008 because of higher labor costs and uncertainty over consumers’ holiday spending, according to a report by outplacement firm Challenger, Gray & Christmas (CGC) obtained by Reuters.