Browsing: inflation
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…
Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing related symptoms. Powell tested positive late Thursday.…
World’s largest asset manager wants Fed to reverse course: Slash rates to tame inflation
BlackRock Inc.’s Rick Rieder has some advice that bucks conventional wisdom: The best way for the Federal Reserve to temper…
Jamie Dimon once again says we should tackle the national deficit: ‘That is important for the world’
JPMorgan Chase CEO Jamie Dimon urged the U.S. once again to reduce its national deficit, warning it will become “far…
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…
Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to $3 billion, where it was in 2000
British billionaire Sir Richard Branson hates being called a billionaire and thinks it’s very sad when people use wealth to…
‘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…
McDonald’s may be willing to lose money on $5 meal deals if it means winning back disgruntled cash-strapped customers
McDonald’s diners have not pulled any punches in saying how they feel about the burger behemoth ratcheting up prices to…
U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in…
Employees have a once-in-a-generation chance to reimagine work—and they’re using it to demand an ‘emotional salary’
In today’s unstable economy, nearly three-quarters of Americans struggle to make ends meet as inflation far outpaces raises and bonuses. Against this…