Investments and Business

U.S. labor market malaise grows: Fed survey reveals job insecurity and wage dissatisfaction

Jasmin Rodriguez

A recent survey by the New York Federal Reserve paints a bleak picture of the U.S. labor market, highlighting rising anxiety among workers. The study, conducted in July, revealed falling…

Investments and Business

Electric cars vs. gasoline cars: true cost of ownership depends on your zip code

Jasmin Rodriguez

The debate over whether electric vehicles (EVs) or traditional gasoline-powered cars offer better long-term value has intensified as EV prices have fallen and charging infrastructure has expanded. While EVs often…

Investments and Business

Goldman Sachs reduces probability of U.S. recession to 20% after positive economic indicators

Jasmin Rodriguez

Goldman Sachs has lowered its forecast for a potential US recession to 20%, following a reassessment prompted by the latest employment and retail trade data. The change comes after it…

Investments and Business

Egg prices rise due to persistent avian flu outbreak

Jasmin Rodriguez

The cost of eggs, a kitchen essential, has risen again, putting this staple food in the spotlight as consumers and analysts alike express concern about inflation and absolute price levels.…

Investments and Business

Klarna introduces personal banking and reward incentives as it prepares for IPO

Jasmin Rodriguez

Klarna, a leading fintech known for its innovative “buy now, pay later” services, is further venturing into the realm of traditional banking by introducing a personal account feature and cashback…

Investments and Business

Gilead Sciences uncovers HIV drug counterfeiting scandal at New York pharmacies

Jasmin Rodriguez

Gilead Sciences recently disclosed the discovery of a significant counterfeiting operation involving its anti-HIV drugs. The operation, based out of two pharmacies in Queens, New York, involved the tampering and…

Investments and Business

Walmart sees price declines in most categories and faces challenges in the dry grocery sector

Jasmin Rodriguez

As CEO Doug McMillon reported, while Walmart has seen an overall decline in prices across a variety of items, including apparel, the retailer continues to see persistent inflation in its…

Investments and Business

UBS CEO cautious on U.S. economy amid market volatility

Jasmin Rodriguez

UBS CEO Sergio Ermotti has been cautious about the potential for a U.S. economic recession, despite recent market turmoil. While acknowledging the possibility of a slowdown, Ermotti stressed the need…

Investments and Business

Inflation falls to 2.9% in July, its lowest level in two years

Jasmin Rodriguez

July saw a moderation in inflation rates, with the annual inflation rate decelerating to 2.9%, a figure last seen in early 2021, according to the latest data from the Labor…

Investments and Business

China’s regulatory measures in bond market highlight financial stability concerns

Jasmin Rodriguez

China's Bond Market Regulatory Measures Highlight Financial Stability Concerns Skip to content August 15, 2024