U.S. Labor Market Tightens as Weekly Jobless Claims Hit Lowest Level Since 1969
The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week
Millions in China’s Northeast Placed under COVID-19 Lockdown
China has imposed stay-at-home orders on millions more people in the country’s northeast, as it tries to tackle its biggest coronavirus outbreak in two years.
Federal Open Market Committee Decided to Hike Key Rate by 25 BP, Blamed Elevated Inflation and Geopolitics
In line with consensus expectations, the Federal Open Market Committee (FOMC) raised the target range for the federal funds rate by 25 basis points at its meeting on March 15-16, 2022.
How Some Top Cryptocurrencies Performed During Joe Biden’s Time in Office
Joe Biden won the 2020 Presidential Election after defeating incumbent Donald Trump.
Covid Aid Dropped From U.S. Lawmakers’ Big Spending Deal
U.S. lawmakers late Wednesday passed a massive new bill that would fund the federal government for the remainder of the fiscal year, as well as further aid Ukraine, but a last-minute snag resulted in Covid-19 money being dropped.
Fed Chair Powell Left Open Possibility Of Hiking More Aggressively Should Inflation Persist
Fed Chairman Jerome Powell said Wednesday he still sees interest rate hikes ahead though he noted the “implications for the U.S. economy are highly uncertain” from the Ukraine war.
CBR Tackles Geopolitically Motivated Ruble Depreciation, Boosts Key Rate to 20 Percent
Russia’s central bank, CBR, has more than doubled its key interest rate from 9.5% to 20% as its currency
Spot Rotterdam Gas Prices Soared to Over €1400/Thousand Cubic Meters Instantaneously. What’s Next?
Gas prices are soaring globally, largely because of the resurgence of demand for fossil fuels after the Covid-19 pandemic and lockdowns, depleted storage and the difficulty of ramping up supply after the disruptions of the past two years.
El Salvador To Grant Citizenship to Foreign Investors Including Bitcoin Injectors
El Salvador President Nayib Bukele on Sunday said he will send Congress a proposal to grant citizenship to foreigners who invest in the Central American country as well as other initiatives to reduce government hurdles in order to attract investment projects.
Is Boeing Finally Out of Woods?
Last month, it launched the new 777-8 Freighter and expanded its 777X and freighter families of jetliners with an order for up to 50 aircraft from Qatar Airways.
U.S. Inflation Tends to Be More Urban than Rural
Consumer prices in the U.S. accelerated last year predominantly in large U.S. metropolitan areas seeing an influx of new residents than in the nation overall, while inflation was milder in large coastal cities with less population growth.
Germany’s International Fiscal Standing Keeps Worsening
Germany’s trade surplus shrank for the fifth year in a row in 2021 to €6.8 billion in December from €15.1 billion in the same period last year and €10.9 billion in November, as a global supply crunch hampered exports, including in its key auto sector.
Amazon, Nike, and Other Bidders Are Reportedly Eying Peloton
After crashing investors' expectations by a lockdown-fueled elevated demand during the pandemic, Peloton (PTON) is now in deep trouble.
U.S. Economy Shedding Workforce
Total nonfarm payroll employment in the United States declined by 301,000 in January, largely missing out on market expectations, Automatic Data Processing Inc. (ADP) revealed in its report released on Wednesday.