Satellite data from the European Space Agency’s Sentinel-5P satellite indicate that Russia’s industrial sector is declining and that air pollution levels are decreasing. It’s possible that the decline is worse…
Tag: economy
US Chamber of Commerce Warns of Rising Risks for Businesses in China
The US Chamber of Commerce, a powerful business lobby, has warned American companies about the increased official scrutiny of their operations in China, which substantially increases the uncertainties and risks…
Amazon’s Profit Soars to $3.2 Billion Despite Multiple Layoffs
Amazon has reported a Q1 profit of $3.2 billion, compared to a Q1 loss of $3.8 billion in 2022. Recent cost-cutting measures, including two rounds of cutbacks, product cancellations, and…
JP Morgan Acquires First Republic Bank in $173B Deal
On Monday, United States regulators seized and sold First Republic Bank to JP Morgan Chase & Co, marking the third significant bank failure in two months. The acquisition consists of…
Recession Looms: Stock Markets Face Painful Downturn
According to Chris Watling, CEO of the financial advisory firm Longview Economics, a recession is on the horizon, and investors may be in for a rough ride on the stock…
New York Budget Stuck in Neutral: Tax Hike on Hold Despite $8 Billion Surplus
New York State lawmakers have yet to agree on a budget, putting them nearly three weeks behind schedule. The negotiations have stalled, and the debate over increasing taxes on New…
US Economy Regains Growth Momentum in April
S&P Global has released a new report indicating that the United States economy is experiencing its strongest expansion in nearly a year. In April, the company’s composite PMI reached 53.5,…
Big Four Job Cuts: Thousands to Lose Jobs as Deloitte, Ernst & Young and KPMG Slash Workforce
Deloitte has joined the Big Four consulting firms in terminating employees. The company announced that it would eliminate 1,200 positions in the United States, or approximately 3 percent of its…
Bank of Canada Holds Interest Rates Steady, Bringing Stability for Newcomers and their Future Finances
The Bank of Canada (BoC) announced on April 12 that it would maintain its interest rate at 4.5 percent. Since this rate has remained unchanged since January of this year,…
China warns of global financial instability from aggressive US policies
China has issued a warning regarding the possibility of global financial instability resulting from the economic and financial policies of the United States and other developed nations. According to the…