The U.S. economy is forecast to have grown by just 0.3 percent in the second quarter, the Federal Reserve Bank of Atlanta says. According to the regional central bank’s closely watched GDPNow estimate, that’s slightly higher than the previous week’s projection of zero percent. Despite the slight uptick, this is still well below the peak of...Read More
There is little known about the effects of being a temporary contract holder on young workers’ subsequent labour market and family outcomes. A study of the Japanese airline industry focused on how it changed the nature of the contract for flight attendants in the mid-1990s and then again in the mid-2010s. Workers starting on temporary...Read More
New Delhi: Indian rupee at an all-time low, inflation highest in over 4 decades, oil prices at unprecedented highs. We all have read similar headlines in the past few months. The frequency of such headlines has gone up exponentially since the inception of the Russia-Ukraine war. Even if this might sound gibberish to us, all...Read More
Bulls eye a run towards 1.2500 for the sessions ahead. US dollar is under pressure as it breaks structure. where there is a price imbalance, PI, on a 4-hour perspective on the way there that guards an order block, OB, above it. At 1.2292, GBP/USD is up 0.16% as the US dollar falls away below...Read More
President Emmanuel Macron of France, second from left; Chancellor Olaf Scholz of Germany, center; and Prime Minister Mario Draghi of Italy, right, in Kyiv on June 16.Credit…Viacheslav Ratynskyi/Reuters Before Russia invaded Ukraine, this year’s Group of 7 summit was supposed to provide an opportunity to change gears from typical geopolitics and finance, and focus on...Read More
President Joe Biden touched down in Germany on Saturday, where he will attend the G-7 summit with the leaders of key U.S. allies to discuss their united front against Russia and troubling weakness in the world economy. Biden flew from Washington to Munich, then boarded the Marine One helicopter for the short flight to the...Read More
Believe it or not, the U.S. dollar has strengthened against many foreign currencies this year. Yes, the dollar has lost purchasing power in the face of inflation but has actually gained ground relative to other currencies. The upshot: Summer travelers heading overseas could enjoy a discount on everything from hotel rooms to croissants. The caveats: The...Read More
Experts of the International Monetary Fund (IMF) think that there are significant downside risks for the US economy this year and especially next year, IMF Managing Director Kristalina Georgieva said presenting the annual report on the state of the American economy in Washington, Trend reports citing TASS. “We see very significant downside risks [in the...Read More
WASHINGTON — Four months into the war in Ukraine, the countries aligned against Russia face growing economic pain even as sanctions and energy embargoes are showing little impact on Russian President Vladimir V. Putin’s military campaign or his political standing at home. U.S. officials vowed that Russia’s financial system would be battered if it attacked...Read More
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