Homeowners Should Brace for Property Price Drop: Data, Experts
Real estate prices have declined over the past several months, but there could be much more to come, data and some experts indicate.
Amazon Makes History After Losing $1 Trillion in Market Value Amid Tech Stock Rout
Amazon has become first publicly traded company in history to lose $1 trillion in market valuation amid a volatile economy that has sparked a broad tech selloff.
Major Hedge Fund Warns of Something Worse Than Inflation or Stagflation as Central Bankers...
Elliott Management warned clients that the world is “on the path to hyperinflation” and a financial crisis so severe that it could even lead to societal collapse.
Fed Raises Interest Rates by Another 0.75 Percentage Points to Cool Inflation
The Federal Reserve raised the benchmark federal funds rate by 75 basis points on Nov. 2 to a target range of 3.75 to 4 percent, in line with market expectations.
Diesel Shortage Testing Biden’s Take on ‘America First’: Industry Insider
How the Biden admin addresses the shortage of distillate fuel oil in the U.S. will show if President Joe Biden will put America first, said an industry insider.
Diesel Market to Stay Tight Into Winter: Chevron Chairman
“Markets are tight right now. Diesel, in particular, as we’ve seen here recently and likely to stay that way through the winter, I think,” Michael Wirth said.
Economist Dubbed ‘Dr. Doom’ Says We’re Back in Great Financial Crisis Territory but This...
Economist Nouriel Roubini, who’s been dubbed “Dr. Doom” for his gloomy-yet-correct prediction of the 2008 market meltdown, told Bloomberg in a recent interview that...
US Business Activity Deteriorates Even Faster as Biden Touts ‘Historically Strong’ Economic Recovery
U.S. business activity contracted for the fourth straight month in October, and the economic downturn “gathered significant momentum,” S&P Global said on Monday.
US Has Only 25 Days of Diesel Supply; Shortage Could Cripple Economy
The United States is down to 25 days of diesel supply as a top White House official declared the stockpile levels to be “unacceptably low.”
IRS Raises 401(K) Contribution Limit by Record Amount Amid Raging Inflation
The Internal Revenue Service (IRS) on Friday announced it would raise the 401(k) contribution limit by a record 9.8 percent amid decades-high inflation.
Bank of America Survey ‘Screams’ Market Capitulation in 2023, Experts Warn Worst Is Yet...
Strategists at B of A have warned about stocks seeing a massive surge in selling pressure in a falling market that often leads to a dramatic decline in prices—this year.
Americans Back On The Move? Transportation Stats Say More About Main Street Economy, Than...
Head of IMF said outlook for global economy had “darkened significantly” since April, and she could not rule out global recession next year given elevated risks.
