Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The markets are edgy this morning after the US Federal Reserve surprised investors by indicating that interest rates will rise from record lows sooner than expected, as the US recovery gather speed. The Fed’s new projections, […]
HONOLULU (KHON2) — Not everyone is familiar with Admor HVAC Inc. But they are certainly familiar with the owners’ daughter and her catchphrase, “I love my Fujitsu.” [Hawaii news on the go–LISTEN to KHON 2GO weekday mornings at 7:30 a.m.] “It’s interesting because I have a retail job but I wear a mask all the […]
On June 5, a 34-year-old man with a stolen vehicle was arrested with multiple burglary charges involving four businesses in Evans. At 3:18 a.m., Evans and Kersey officers responded to an active burglary at 3230 23rd Ave., Unit 400, the Tortilleria las 9 Americas. At the same time, an alarm went off at Sherwin Williams […]
Labor Secretary Marty Walsh has said that a strong, equitable recovery depends on getting women back into the workforce. More than 4.6 million women dropped out of the labor force during the coronavirus pandemic, with Black and Latinx women disproportionately hurt by this devastating job loss. Women’s jobs are almost twice as vulnerable to being […]
Fed Open Market Committee announces decision on interest rates; Fed chair Powell holds press briefing Federal Reserve policymakers maintained near-zero interest rates but signaled a hike will come in 2023, with some members even leading to a move as soon as 2022. As for inflation, it is “transitory” despite consumer and producer prices which surged […]
LONDON (Reuters) – The European Union on Wednesday called on Britain and the United States to limit litigation by agreeing how to price legacy contracts after the tarnished Libor interest rate is scrapped. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman/File Photo After banks […]
Corporate America wants to hire workers aggressively as the US economy races back to life following the pandemic. The Business Roundtable, an influential lobbying group comprised of top US executives, said Wednesday that its CEO economic outlook index has climbed to the second-highest level on record, behind only early 2018 when the Trump tax cuts […]
As post-pandemic business travel comes back, experts say Florida’s reopening policies should allow it to lock in a significant share of returning corporate events and meetings. Why it matters: There’s a lot of money to be made — with a lot of people itching to travel — after the sector lost $97 billion in spending […]
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Gideon Rachman’s rather unconvincing commentary (“The G7 is the west’s last chance to lead”, Opinion, June 8) did not mention that the G7 is worth barely 40 per cent of the world’s economy. But it rather substantiates our past president’s perspective that the G7 is an outdated forum. The heralded agreement that the US, UK, […]
