Gas, food, and housing prices have skyrocketed in the past year. What is less noticeable to some is the high cost of health care. Medicare, the US government’s national health insurance program for Americans age 65 and older, has imposed a 14.5% increase in Part B premiums (outpatient care coverage) for 2022, a record number … Read more
By ELAINE KURTENBACH – AP أعمال Business Writer Stocks in Asia were mixed on Wednesday as Chinese indexes pressed higher after a rally in technology companies helped reverse most of the early slide on Wall Street. Hong Kong’s Hang Seng rose 1.7% to 19967.25 and the Shanghai Composite rose 1.5% to 3,082.50. This came on … Read more
Shoppers inside a grocery store in San Francisco, California, United States, on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images The April CPI report is expected to show that inflation has already peaked – a development that some investors say could calm markets temporarily. But economists say, even with the deferral … Read more
U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Senate Banking, Housing, and Urban Affairs Committee on Capitol Hill on November 30, 2021 in Washington, DC. Alex Wong | Getty Images Chancellor of the Exchequer Janet Yellen The US financial system is believed to be in good shape, but Russia’s invasion of Ukraine … Read more
Stocks fell on Monday on concerns that the Chinese economy is faltering and interest rates rise to curb inflation. The S&P 500 index reached its lowest point in a year and posted its fifth consecutive weekly loss. Everything from bitcoin to crude oil has been battered in the US, European and Asian markets. Stocks deepened … Read more
A Wall Street subway station near the New York Stock Exchange (NYSE) in New York, Monday, January 3, 2022. Michael Nagel | Bloomberg | Getty Images The stock market may not literally be the economy, but the distinction between the two is getting increasingly difficult. With household share ownership rising to new heights and the … Read more
April jobs numbers released. Last month the US economy created about 428,000 net new jobsThe unemployment rate stood at 3.6%. It is weaker than last year’s reports, though still stronger than most reports from the Obama or Trump administration. More importantly, said Skanda Amarnath, CEO of Employ America, pointing towe have reached a very important … Read more
George Clerc | E + | Getty Images There is an economic peculiarity in the UK that makes it “one of the most vulnerable countries in the world right now”, according to an investment strategist. Mike Harris, founder of Krebstone Strategic Macro, argues that the main problem for Britain is that its mortgage market is … Read more
