Bidenomics
New Data Indicates Massive Recession In 2024
According to experts, the year 2024 could see the worst economic collapse since the Great Depression.
10-year bond yields
Why a rout in government bonds is worrying
The world’s biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold.
bankruptcy
J.M. Smucker Agrees To Buy Hostess Brands In $5.6 Billion Deal
Jelly Maker J.M. Smucker announced on Monday that they are buying Hostess Brands for a whopping $5.6 billion, including their ongoing debt, which equates to $34.25 a share.
CEO
GDP Revised Down And Economic Challenges Persist: Insights From EGIS Financial CEO
GDP Slows at 2.1%: U.S. Economy Shows Contraction from Initial 2.4% Estimate. Household and Credit Card Debt Peaks; U.S. Credit Rating Downgraded.
Abril Elfi
Argentina Lootings And Violence Prompted By Fear Of Coming October Elections
Concerns about growing violence in Argentina is now rising as authorities have reported a large number of recent arrests regarding lootings of a number of stores and supermarkets ahead of October presidential elections.
20-year-mark
US Mortgage Rate Climbs to 7.16%, Could Hit 8%, Mark Not Seen Since 2000
The U.S. mortgage rate rose to the highest mark in over 20 years. According to Mortgage Bankers Association, the 30-year mortgage rate rose to 7.16% last week, which matches the highest since 2001.
Abril Elfi
Argentina Devalues Peso, Raising Rates After Primary Elections
In response to pressure on Argentina’s financial markets following a primary election, the Argentinian government decreased the value of its currency by nearly 18%.
America
Inflation Hotspots Revealed: The Most Affected Cities in the U.S.
According to a recent study, the city of Denver in Colorado has the fastest-growing inflation rate of any other city in the United States.
Alicia Summers
July Jobs Report: 187,000 New Jobs Added; Unemployment Rate Drops to 3.5%
The July monthly jobs report is out, showing that U.S. employers added 187,000 jobs. The unemployment rate also decreased from 3.6% to 3.5%.
Abril Elfi
Miami Population Drops For First Time In Over 50 Years
Miami-Dade County saw the first population decline in the region’s history as a result of rising home prices.