The global economy faces strong headwinds as the Covid-19 pandemic entered its third year.The Omicron variant has led to renewed mobility restrictions in many countries and increased labour shortages. Supply disruptions still weigh on activity and are contributing to higher inflation, adding to pressures from strong demand and elevated food and energy prices. Moreover, record debt and...Read More
A viral TikTok shows “Be Colorblind” stickers that are allegedly sold at Dollar Tree, and many are accusing the company of perpetuating racism. TikToker Emily (@almondpiss), who appears to work for Dollar Tree, posted a video of the sticker sheet on Friday. The brand on the packaging says “Crafter’s Square,” which is a trademark of...Read More
The economic recovery is thriving, but surging gas prices are hurting President Biden’s approval. Prices sit at their highest levels since September 2014 as demand continues to overpower supply. The oil market’s volatility kept the recovery chaotic for Americans shouldering the growing costs. Loading Something is loading. … Read more…Read More
Happy Friday and welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. Subscribe here: thehill.com/newsletter-signup. Today’s Big Deal: The Canadian trucker blockade is blocking car production, potentially driving prices even higher. We’ll also look at the challenges facing a potential stock trading ban in Congress. But...Read More
Sentiment continued its downward descent, reaching its worst level in a decade, falling a stunning 8.2% from last month and 19.7% from last February. The recent declines have been driven by weakening personal financial prospects, largely due to rising inflation, less confidence in the government’s economic policies, and the least favorable long term economic outlook...Read More
The prime minister can back up his claim with data published by Britain’s Office for National Statistics (ONS) on Friday, which showed the United Kingdom had the fastest growing economy of the Group of Seven nations over last year as a whole. UK gross domestic product — the broadest measure of economic activity — grew...Read More
NZD/USD bears are lurking in an attempt to take on the daily trendline support. A Doji candle followed by a daily engulfing could signal more to come from the bears in the days ahead. RBNZ inflation extensions are at a 31-year high, but US CPI trumps at a 40 year high already. At 0.6658, NZD/USD is...Read More
Hours after the government announced that a key inflation measure rose 7.5% in the 12 months ending in January, the steepest annual increase in 40 years, Biden acknowledged the impact on Americans and vowed to work to alleviate the surge in prices. “Inflation is up. It’s up. And (I’m) coming from a family (that), when...Read More
The burgeoning digital economy led the pandemic recovery in South and Southeast Asia. Heavy smartphone penetration is facilitating digitalization in these regions. Greater government support is needed to advance the digitalization process. Digital transformation worldwide was already increasingly changing how companies make and offer their propositions and interact with their customers. But the COVID-19 pandemic...Read More
Giving clients high quality investment advice that delivers superior results. Helping clients make great decisions to make the most of their money. Plan your future with us.
