Major US oil refiners will meet Energy Secretary Jennifer Granholm and other Biden administration officials on Thursday in an emergency meeting. (Photo: 123RF) News Basics • A recession in the US would hurt global growth prospects. Manufacturing growth is slowing worldwide, from Asia to Europe, as health restrictions in China and Russia’s invasion of Ukraine … Read more
Key employees vote on Bombardier’s threatened strike offer. (Photo: Bombardier) News Basics • Key employees vote on Bombardier’s threatened strike offer. Workers at a major division of Canadian aircraft maker Bombardier will decide on Wednesday whether to accept a new contract or go on strike. • Biden may temporarily suspend the gas tax on Wednesday. … Read more
A Tesla shareholder is suing the electric car maker and CEO Elon Musk and its board of directors, accusing them of failing to address complaints of workplace discrimination and harassment. (Photo: 123RF) News Basics • During the pandemic, central banks celebrated facing inflation. Central banks around the world, which shared the limelight to avoid recession … Read more
Revlon declares bankruptcy, unable to compete with online sales. (Image: Shader ID for Unsplash) News Basics • Investors are preparing for a recession after the Fed hike. Investor confidence in a smooth adjustment of the US economy is being severely tested, as a sharp interest rate hike by the Federal Reserve raises concerns about future … Read more
Revlon declares bankruptcy, unable to compete with online sales. (Image: Shader ID for Unsplash) News Basics • Investors are preparing for a recession after the Fed hike. Investor confidence in a smooth adjustment of the US economy is being severely tested, as a sharp interest rate hike by the Federal Reserve raises concerns about future … Read more
The US Federal Reserve, facing high inflation and slowing growth, will determine on Wednesday how the increasingly difficult goal of stabilizing the economy without causing it to slide can be achieved in the coming months. (Photo: 123RF) News Basics • The Federal Reserve is trying to balance the economy with its policies. The US Federal … Read more
US Federal Reserve Chairman Jerome Powell (Image: Getty Images) News Basics • Fed models mired in the epidemic, but to what extent? Federal Reserve Chairman Jerome Powell spent his first four years at the helm of the world’s most important central bank reshaping US monetary policy around the idea that low inflation and low unemployment … Read more
Prepare well for a bear market. (Photo: 123RF) A cliché for investors during a stock market sell-off is to stay there and not panic. Which is often misinterpreted to mean turning a blind eye and ignoring what’s going on in your wallet. Right now, with stocks shrugging off a bear market and many bond strategies … Read more
Amazon is dropping out of the race for the rights to broadcast Indian cricket, which is valued at more than $6.4 billion. (Photo: Michael Weir for Unsplash) News Basics • The Bank of Canada wants the cryptocurrency regulations to follow the market. The number of Canadians owning crypto assets is growing rapidly and efforts to … Read more
Amazon is dropping out of the race for the rights to broadcast Indian cricket, which is valued at more than $6.4 billion. (Photo: Michael Weir for Unsplash) News Basics • The Bank of Canada wants the cryptocurrency regulations to follow the market. The number of Canadians owning crypto assets is growing rapidly and efforts to … Read more