Browsing: economy
‘Copper is the new oil,’ and prices could soar 50% as AI, green energy, and military spending boost demand, top commodities analyst says
Copper is emerging as the next indispensable industrial commodity, mirroring oil’s rise in earlier decades, a top commodities analyst said.…
Consumers are so demoralized by inflation and high rates that they’ve given up on saving for the American Dream and are spending money instead, economist says
An economist offered an explanation for a paradox that has emerged in recent data showing that spending has remained robust…
Debt-hungry American companies are flocking to Europe as interest rate cuts fuel $33 billion ‘Reverse Yankee’ effect
A surprise drop in inflation in the Eurozone is helping the continent get a head start on interest rate cuts…
Jamie Dimon warns markets are fooling themselves by thinking inflation will soon go away: ‘The chances of something going wrong are higher than people think’
JPMorgan CEO Jamie Dimon worries exuberant investors are running ahead of themselves due to what he called “a lot of…
‘Greedflation’: British firms increased profit margins by 30% during cost-of-living crisis, according to study of 17,000 companies
The aftermath of the COVID-19 pandemic came with many “new normals,” not least hybrid working and rising prices. Suggestions are…
Some of the most talented, high-ranking workers at Apple, Microsoft, and SpaceX jumped ship after return-to-office mandates, new study reveals
The focus of return-to-office discussions have long focused on the individuals. Why might workers prefer to stay home? Which age…
U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in…
Armed with the mighty dollar, Americans are rushing to go on cheap vacations overseas—and it’s hurting the U.S. economy
Americans have been indulging in “revenge travel” with gusto since pandemic-era restrictions were lifted, and the dollar’s recent surge has…
China’s economy is headed for a ‘dead-end,’ and Beijing won’t do anything to stop it, scholar says
China’s leadership is relying on an export surge to revive slumping growth, but those policies won’t extract the world’s second…
Inflation and unemployment fears send consumer sentiment tumbling to a 6-month low, adding to red flags from Starbucks, McDonald’s
U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest…