All the economists who think the US is heading for recession could be wrong: What might happen instead, according to one school of thought, is multiple recessions reverberating over the year ahead. Termed “rolling recessions,” the idea is that rather than contract broadly and all at once, the economy could see different sectors decline in …
Some economists see a ‘rolling recession’ ahead. What that means Read More »
photo: Spencer Platt (Getty Images) More and more car shoppers in the US seem to be foregoing leasing their next vehicle in favor of buying or financing them outright, according to a new report from Business Insider. The outlet says that leases made up just 17 percent of the car market in July of 2022. …
People Aren’t Leasing Cars, and It’s Killing the Used Market Read More »
OPINION AND COMMENTARY Editorials and other Opinion content offer perspectives on issues important to our community and are independent from the work of our newsroom reporters. New research confirms suspicions that, citing a struggling economy, millennials are delaying having kids and “fueling America’s historically low birth rate.” Demographers who study how people plan to create …
Should millennials delay having kids due to the economy? Read More »
Don’t ignore the hidden reason the city economy is still struggling so long after the pandemic ended: the way our government (city and state) discouraged job creation and economic growth. A host of labor statistics paint a grim picture of the city’s recovery: We are still down 12% from our pre-pandemic total of jobs (and …
The iron hand of gov’t is the biggest reason NYC’s economy hasn’t recovered from COVID Read More »
Depreciation of the rial comes amid boiling tensions with the West and continuing protests in Iran. Tehran, Iran – Iran’s currency has reached an all-time record low amid increasing tensions with the West and the unrest gripping the country. On Sunday, the United States dollar went past the 450,000-rial mark for the first time on …
Iran’s currency hits record low amid tensions with the West | Business and Economy News Read More »
Startling new data has revealed that New York had a roughly 300,000-person drop in its workforce since the pandemic. While New York added 13,500 jobs in December, it leaves the city short of pre-COVID levels. Some from the city share their struggles dealing with a worker shortage and how business is down. Tourists aren’t here …
Scenes from a jobs crisis as NYC struggles with a workforce shortage Read More »
Photo: Angela Weiss/AFP via Getty Images After bursting out of the gates in early 2023, the market has lost its mojo this week. Driving the news: Stocks slumped for a third straight session Thursday, as the S&P declined by 0.8%. That put the S&P down 2.5% for the week, on track for the first down …
The Financial Services Commission says details for improving the environment for foreign investment will be unveiled next week. South Korea will abolish a rule that forces foreign investors to register with authorities in order to trade Korean stocks amid a push to attract overseas investment, the country’s financial regulator has said. “Instead, foreigners will be …
South Korea to scrap stocks registration rule for foreigners | Financial Markets Read More »
WASHINGTON (AP) — For months, the outlook for the US economy has been a mostly bleak one: Inflation hitting a four-decade highconsumer spending weakening, surging interest rates. Most economists penciled in a recession for 2023. An economic downturn is still possible. Yet in recent weeks, with inflation showing widespread signs of easing, a more cheerful …
Can US avoid a recession? As inflation eases, optimism rises Read More »
A US District Judge sentenced Nikhil Wahi to 10 months in prison on Tuesday, bringing one part of a historic cryptocurrency criminal case to a close. Wahi, the brother of a former Coinbase product manager, was charged with conspiracy to commit wire fraud last July in what prosecutors called the “first ever cryptocurrency insider trading …
Insider Trading Via Coinbase Gets Nikhil Wahi 10 Month Sentence Read More »
