U.S. corporate bankruptcies have reached their highest level since 2010. Many American companies have been stumbling in the wake of the pandemic due to increasing interest rates, supply-chain issues, and rising costs. Several of the firms have filed for bankruptcy after access to low interest loans and access to easy money began to wane. “For…
US Corporate Bankruptcies at Highest Level in 13 Years
May 10, 2023
admin
bankruptcyBed Bath & BeyondBusiness & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsrecessionUS
0 Comment
US Annual Inflation Rate Dips Below 5 Percent for First Time in 2 Years
The U.S. annual inflation rate slowed to 4.9 percent in April, down from 5 percent in March, according to the Bureau of Labor Statistics (BLS). This is slightly lower than the consensus estimate of 5 percent. This represented the 10th consecutive monthly drop in the annual inflation rate. The consumer price index (CPI) rose 0.4 percent…
Americans Suffering Sharply Higher Levels of Financial Anxiety
May 9, 2023
admin
Business & Marketseconomic policieseconomyfinancial anxietyinflationmental healthpersonal financerecessionUSUS News
0 Comment
Many Americans say they are suffering sharply from higher levels of financial anxiety as the economy takes a downturn. Money is now the prime cause of stress for most Americans, according to May 8 survey by Bankrate. At least 52 percent of respondents reported that personal finances have had a negative impact on their mental health,…
IN-DEPTH: Why Biden Admin’s Latest Push for EVs, Wind, and Solar Is Likely Headed to the Supreme Court
May 8, 2023
admin
administrative stateBusiness & Marketseconomic policiesenergyEnvironmental Protection AgencyEVsfederal overreachinflationSupreme Court
0 Comment
Two new Environmental Protection Agency (EPA) regulations that are currently being finalized will leverage the EPA’s authority to regulate emissions in order to force both America’s electricity network and America’s automotive industry to shift production to wind, solar, and electric vehicles (EVs). However, new EPA initiatives targeting America’s fossil fuel industry will face legal challenges…
Investors Should Prepare for Threat of a ‘Minsky Moment,’ Says Economist
May 8, 2023
admin
Business & MarketsCompaniescredit cruncheconomic policieseconomyhyman minskyinflationInvestmentMarketsminsky momentpersonal financerecessionstocksUSWorld
0 Comment
Investors should prepare for months of market readjustments due to the imminent threat of a “Minsky Moment,” said a top economist. The “Minsky moment” is named after economist Hyman Minsky’s description of a precipitous drop in asset prices after a build-up of debt. Ludovic Subran, the chief economist at Allianz, formerly worked at the World Bank…
Diesel Prices on Cusp of $4 a Barrel as Pump Prices Decline for Third Straight Week
May 8, 2023
admin
Business & MarketsCompaniesdiesel priceseconomic policieseconomyenergygas pricesinflationInvestmentMarketsoil marketspersonal financerecessionstocksUSUS debt ceilingUS News
0 Comment
Average U.S. diesel prices have declined, while gas prices declined for the third consecutive week. The national average price of diesel fell by $0.063 over the last week, and now stands at $4.01 per gallon, $1.51 lower from a year ago, according to GasBuddy. The most common U.S. diesel price was $3.99 per gallon, which stood…
ANALYSIS: Is the Fed’s Inflation Fight Yielding Results?
All eyes this week will be on the April inflation report. Will it continue its downward trend, or will the consumer price index (CPI) continue to be stubborn and sticky? The Federal Reserve Bank of Cleveland’s Inflation Nowcasting is penciling in an annual inflation rate of 5.2 percent, which would be up from 5 percent…
Investing: Cutting Through the Noise
May 8, 2023
admin
Business & MarketsBusiness ColumnistscybersecurityinflationinvestingInvestmentnanotechnologyobesityOpinionpersonal financerecessionU.S. economyViewpoints
0 Comment
Commentary As an investor, it’s very easy to look at the current environment and shake one’s head. There’s a tremendous amount of headwinds. Given the volumes of headlines involving inflation, the debt ceiling, incompetence in Washington, geopolitical risks, China, etc., some investors may just give up and stash away their cash. But that could prove…
Tech Companies Announce Mass Layoffs Amid Economic Woes
May 8, 2023
admin
Business & MarketsCompanieseconomiceconomyinflationInternationallayoffsMedia & Big TechrecessionTechTech NewsUSUS NewsWorld
0 Comment
The mass layoffs that started late last year have continued into 2023, amid recession fears and economic slowdowns. So far, the number of tech layoffs globally this year has exceeded the total number from a year ago. According to data compiled by online tracker Layoffs.fyi, the running total of tech layoffs to date is 191,416,…
How a Fed Increase Could Affect Credit Card Debt, Auto Loans?
May 6, 2023
admin
Brightbudgetingcredit cardCredit Cardsinflationinterest rateinvestingmortgagepersonal financereal estatestudent loansUS
0 Comment
NEW YORK—The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect most Americans. On Wednesday, the central bank boosted its benchmark rate by a quarter-point to 5.1 percent. Rates on credit cards, mortgages and auto loans, which have been surging since the…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`