Rishi Sunak Becomes New U.K. Prime Minister!
By: Economic & Finance Report Rishi Sunak has won his party’s elections (Conservative Party); to be the first Indian British and person of color to lead the United Kingdom. He…
By: Economic & Finance Report Rishi Sunak has won his party’s elections (Conservative Party); to be the first Indian British and person of color to lead the United Kingdom. He…
By: Economic & Finance Report The Fed & the chairman (Jerome Powell) have indicated that it is a strong possibility that this year, the U.S. could be in a recession.…
By: Economic & Finance Report June 13, 2022, Monday, the market nosedived sharply. The S&P has lost 20% of market share. The bear market began January 3, 2022, Monday. The…
By: Economic & Finance Report There seems to be a lot of chatter about recession being on the horizon, and certain targeted points also seem to reflect this; hence increased…
1) President Trump's administration is readying new sanctions against Iran as the clock runs out before Joe Biden's inauguration, who has said he wants to return the U.S. to the…
1) With the recession from the Covid-19 came predictions of waves of bankruptcy filings as businesses, large and small, failed. But that wave of bankruptcy has not materialized, and so…
1) Ikea, the big Swedish world wide modular furniture manufacture, has experienced a surge in sales from the pandemic as people turned homes into offices and schools. Their online sales…
1) Despite being in a major recession with unemployment hovering around 22 million, the home sales market is on fire, last month setting a record 24.7% increase compared with June.…
1) The American economy last quarter is the worst on record, with a 32.9% annual rate contraction (April – June). American business ground to a halt from the pandemic lockdown…
1) Another indication of the contraction of the oil business is the oil services company Schlumberger who cut 21,000 jobs or about one fifth of its 105,000 global employees. This…