The Fed may have retired too soon to call inflation ‘temporary’

Federal Reserve Chairman Jerome Powell arrives at a news conference after a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elisabeth Frantz | Reuters It may be time for the Federal Reserve to revive the word “temporary” after all. While the dictionary’s first definition of “transitional” is “short-term,” additional … Read more

3 warning signs about the economy seen in US companies: NPR

A trader works at the New York Stock Exchange in New York City on August 5. The majority of major US companies reported solid earnings, but warning signs about the economy are also starting to appear from corporate earnings. Angela Weiss/AFP via Getty Images Hide caption Caption switch Angela Weiss/AFP via Getty Images A trader … Read more

Yoon from South Korea pardons Jay Y Lee from Samsung for facing the ‘economic crisis’

Samsung heir spent 18 months in prison for bribery Businessmen convicted in scandal that brought down a president South Korea says leaders need help to overcome economic crisis Samsung May Increase Investment With Pardon Analysts SEOUL (Reuters) – South Korean President Yoon Seok-yeol has pardoned Samsung Electronics. (005930.KS) Vice Chairman Jay Y. Lee on Friday, … Read more

Here is where China’s real estate problems can extend

China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured is a housing complex under construction on December 15, 2021 in Guizhou Province. Costphoto | Publishing in the future | Getty Images BEIJING – China’s real estate problems could spill over into other key sectors if problems persist … Read more

Democrats’ Inflation Cut Act Could Mean Lower Wages for Millions of Americans

Financial Services Commission member Warren Davidson, R-Ohio, criticized the proposed social spending and tax bill after Senator Kirsten Senema’s decision to go ahead with its “Morning with Maria” passage. Democrats are touting the latest health care and climate spending bill as a major way to cut costs for American families, but new analysis shows the … Read more

Analysts say rising food prices could turn into a business risk

Risk analysts said rising global food prices and shortages of grain and fertilizer caused by the war in Ukraine could lead to more economic turmoil. In some countries, they added, this could lead to disruptions and test the resilience of Western companies in overseas operations in the coming months. “Food insecurity is one of our … Read more

5 things to know on August 11: gas prices, Trump, Indiana explosion, taxes, North Korea

CNN – Summer travel season is in full swing, so here’s an important tip before your next overseas trip. Before entering the US with any food products, make sure they are not banned or restricted. US border officials recently Pay huge fines – Sometimes thousands of dollars – for travelers carrying unauthorized food items in … Read more

China’s trade restrictions imposed on Taiwan after Pelosi’s visit are falling into the ocean

Beijing’s new trade blocs against Taiwan affect about 0.04% of bilateral trade, making it more political than economic. Beijing has taken action against the following Taiwan US House Speaker Nancy Pelosi’s visit to the island earlier this month despite Beijing’s warnings. This included suspending imports of Taiwanese citrus fruits, frozen fish, sweets, biscuits and natural … Read more

Second-largest aluminum mill in US slows due to ‘unstable’ energy prices, laying off 600 American workers

The second largest aluminum plant in the United States has shut down, laying off about 600 American workers, due to “unacceptable” electricity and energy prices. In June, Century Aluminum executives announced that they would be out of business at their Hawesville, Kentucky aluminum plant for nine to 12 months as a result of skyrocketing prices … Read more