Abril Elfi
Argentina Announces 50% Devaluation Of Their Peso As Part Of Shock Economic Measures
Argentina has announced the devaluation of their currency due to an economic shock measure.
Abril Elfi
Milei Gets Inaugurated, Warns About Unavoidable Economic Shock
Argentine libertarian economist Javier Milei has taken office and warned about economic inflation in his speech.
Adrian Gray
Market bets for 2024 thrown into chaos by US recession conundrum
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
Bill Adams
US job openings hit more than 2-1/2-year low as labor market cools
U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers.
behind the scenes
‘Renaissance: A Film by Beyonce’ tops box office
“Renaissance: A Film by Beyonce” premiered at the top of the U.S. box office during the typically anemic first weekend of December.
ECONOMY
JPMorgan CEO Jamie Dimon: Wall Street Should Prepare For A Recession
JPMorgan CEO Jamie Dimon says Wall Street should be prepared for a recession.
$38 billion
US Thanksgiving weekend sales hit record $38 bln on big discounts – report
Deep discounts during the Thanksgiving weekend enticed U.S. shoppers to splurge about $38 billion online.
30-year fixed-rate mortgage
US new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
data
Report: Rent Prices Decreased In October For 2 Months In A Row
Reports show that nationwide rent prices decreased in October, signifying that the rental market is mellowing since the Federal Reserve has carried interest rates at its highest point in years.