Tag: economy
China’s Export Controls on Gallium and Germanium Escalate Semiconductor Trade War
The longstanding dispute over the future of semiconductors between the world’s top two powers — China...
China Travel Spending Figures Show Economy Worse Than 2019
In another of several consecutive blows to the Chinese economy under its current government, the Chinese...
Investor Purchases of US Homes Decline From Pandemic High
New data from real estate brokerage Redfin shows promising signs that a record inflation of the U.S....
Layoffs Rolling as Lyft Dumps 26% of Employees In Struggle To Get Profitable
One of the rideshare industry’s household names, Lyft, confirmed in a Security and Exchange Commission...
Overleveraged Housing Speculators Default as America Flirts With Recession
What goes up must inevitably come down, housing market speculators who overleveraged during the Coronavirus...
New Waves of Layoffs Hit America’s Mainstream Companies
In yet another sign that the economy is teetering on the brink of a recession that has a non-zero probability...
More Canadian Women Aged 55 to 64 Enter the Workforce
The number of Canadians aged 55 to 64 entering the workforce to make ends meet has significantly increased...
America’s Financial Landscape Is Stuttering, Fed Credit Survey Shows
America’s financial landscape is stagnating as demand for credit has weakened while lending conditions...
Wall Street Braces for a Recession Amid Dwindling Consumer Spending
NEW YORK, United States — Compounded by concerns of a looming global recession, U.S. stock indexes rallied...
Nasdaq Wanes Amid Weak Big Tech Earnings
(Reuters) — The Nasdaq index fell on Wednesday, Oct. 26 as disappointing results and warnings from Microsoft...
US Consumers Confidence Ebbs as Housing Prices Slow
WASHINGTON (Reuters) — U.S. consumer confidence ebbed in October after two straight monthly increases...
British PM Truss Vows to ‘Carry On’ Amid Dwindling Support
LONDON (Reuters) — British Prime Minister Liz Truss warned of tough times ahead after she scrapped her...