#economic-conditions

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#inflation

Fed up with high prices? Here's where things stand with inflation

Inflation in America is easing but remains higher than pre-pandemic levels, causing frustration among voters.

What the numbers show on the economy Trump handed Biden

Clash over the economic conditions under Trump and Biden highlighted in Thursday's debate.

Americans Who Do This Have Saved Twice as Much for Retirement Than Those You Don't

Economic conditions in the last four years have significantly affected Americans' financial security and planning decisions.

Inflation Ticks Down to 2.4% in September in Positive Sign for Homebuyers

Annual inflation decreased to 2.4%, indicating potential for lower mortgage rates, benefitting homebuyers.

Fed up with high prices? Here's where things stand with inflation

Inflation in America is easing but remains higher than pre-pandemic levels, causing frustration among voters.

What the numbers show on the economy Trump handed Biden

Clash over the economic conditions under Trump and Biden highlighted in Thursday's debate.

Americans Who Do This Have Saved Twice as Much for Retirement Than Those You Don't

Economic conditions in the last four years have significantly affected Americans' financial security and planning decisions.

Inflation Ticks Down to 2.4% in September in Positive Sign for Homebuyers

Annual inflation decreased to 2.4%, indicating potential for lower mortgage rates, benefitting homebuyers.
moreinflation

In the face of economic uncertainty, Art x Lagos focuses on non-commercial programming

Art X Lagos 2023 faced a decrease in galleries but maintained exhibitors, fostering positive engagement between collectors and art dealers.
#stock-market

The Market Is Fairly Upbeat. Is It the Calm Before a Storm?

The stock market remains calm despite the uncertain political climate and upcoming U.S. elections.

Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar

Investors may consider interest rate-sensitive stocks in anticipation of potential rate cuts and economic conditions improvement.

The Market Is Fairly Upbeat. Is It the Calm Before a Storm?

The stock market remains calm despite the uncertain political climate and upcoming U.S. elections.

Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar

Investors may consider interest rate-sensitive stocks in anticipation of potential rate cuts and economic conditions improvement.
morestock-market

British fintech founder who moved to U.S.: U.K. tech's problem isn't taxes-it's ambition

Tax hikes in Britain are seen as a relief by entrepreneurs due to the fear of worse outcomes, indicating deeper economic issues.

Biglaw Associates Are Billing Hours In Bulk, Hoping For Special Bonuses On Top Of Regular Bonuses

Associates in Biglaw express optimism for higher year-end bonuses in 2024 compared to previous years, despite a challenging economic climate.
#interest-rates

Will mortgage rates go down in September? Here's what you need to know

Jerome Powell indicates potential rate cuts in September, possibly lowering mortgage rates amid challenging housing market conditions.

Revolut cuts savings rate in move that will hit its growing customer base here

Revolut's reduction of instant-access savings rates by up to 0.4 percentage points marks a shift in the competitive savings landscape.

Big Four Accounting Firms Overhired. Now They're Starting to Lay Off Partners.

Higher interest rates and weaker economic conditions are impacting demand for professional services.
Ernst & Young is taking cost-cutting measures due to slowed growth and excess capacity.

Gold price future: Rise and global market challenges

Gold hits near all-time high at $2265 amid expectations of Fed rate cuts.
US bond yields rise slightly amidst strong expectations of Federal rate cuts.

Will mortgage rates go down in September? Here's what you need to know

Jerome Powell indicates potential rate cuts in September, possibly lowering mortgage rates amid challenging housing market conditions.

Revolut cuts savings rate in move that will hit its growing customer base here

Revolut's reduction of instant-access savings rates by up to 0.4 percentage points marks a shift in the competitive savings landscape.

Big Four Accounting Firms Overhired. Now They're Starting to Lay Off Partners.

Higher interest rates and weaker economic conditions are impacting demand for professional services.
Ernst & Young is taking cost-cutting measures due to slowed growth and excess capacity.

Gold price future: Rise and global market challenges

Gold hits near all-time high at $2265 amid expectations of Fed rate cuts.
US bond yields rise slightly amidst strong expectations of Federal rate cuts.
moreinterest-rates

Hannity Claims, By Every Measure, We Are Far Worse Off' Now Than in 2020

Sean Hannity argues that the current state of the country is worse than during the Covid-19 pandemic, pointing to rising crime and economic concerns.

This Is the Happiest State in the U.S. - and It Has Amazing Beaches, Too

Hawaii is ranked as the happiest state in the U.S. due to high life satisfaction, low depression rates, and positive economic conditions.
#labor-market

U.S. wage growth is cooling, but some small businesses aren't seeing lower labor costs

Wage growth for small business employees is showing signs of stabilization, dropping below 3% for the first time since January 2021.

The job market may be strong, but tell that to anyone looking for work or feeling stuck

The job market seems strong, but job seekers face challenges due to labor hoarding and fewer opportunities.

No one can agree on what the American dream is anymore-or if it's even realistic

The American dream is increasingly viewed as unattainable due to economic challenges and shifting definitions.

U.S. wage growth is cooling, but some small businesses aren't seeing lower labor costs

Wage growth for small business employees is showing signs of stabilization, dropping below 3% for the first time since January 2021.

The job market may be strong, but tell that to anyone looking for work or feeling stuck

The job market seems strong, but job seekers face challenges due to labor hoarding and fewer opportunities.

No one can agree on what the American dream is anymore-or if it's even realistic

The American dream is increasingly viewed as unattainable due to economic challenges and shifting definitions.
morelabor-market

Average US credit score steady after first-in-decade drop

The average consumer credit score in the US is steady at 717 after a slight decline, reflecting changes in payment behaviors and economic conditions.
#real-estate

Florida housing market crumbles: Homeowners struggle to sell amid rising insurance costs and storm fears

Tampa's housing market is cooling drastically, with homeowners facing stalled sales and decreased demand.
Homeownership challenges are exacerbated by high mortgage rates and increasing insurance costs alongside natural disaster threats.

European real estate appeal on the global market: expert insights from Motti Gruzman of Excelion

The economic landscape influences real estate dynamics differently in Europe and North America, complicating direct comparisons.

Florida housing market crumbles: Homeowners struggle to sell amid rising insurance costs and storm fears

Tampa's housing market is cooling drastically, with homeowners facing stalled sales and decreased demand.
Homeownership challenges are exacerbated by high mortgage rates and increasing insurance costs alongside natural disaster threats.

European real estate appeal on the global market: expert insights from Motti Gruzman of Excelion

The economic landscape influences real estate dynamics differently in Europe and North America, complicating direct comparisons.
morereal-estate

Richard Curran: 'Lucky Jack' and his big plans for Apple cash, but Government needs to use more imagination

Jack Chambers delivered a budget with unprecedented financial resources, showcasing a unique advantage for the government.
from Fortune
1 month ago

We keep celebrating low unemployment-but data shows jobs and economic activity have been shifting to big business

The U.S. labor market is cooling, particularly affecting small businesses, which face challenges in hiring and retaining workers.

Ibotta's CEO explains why startups shouldn't try to time the IPO market | TechCrunch

The IPO market in 2024 remains subdued, with companies like Ibotta showing resilience despite market uncertainty.
#federal-reserve

The Fed Will Tell Us Soon If Bitcoin Is at a New Baseline

A potential Fed rate cut could establish a new baseline for bitcoin and impact the entire crypto market.

Mortgage Rates Just Hit a 2-Month High: Are High Rates the New Normal for Homebuyers?

Mortgage rates rose to 6.94% for the week, potentially impacting spring homebuying season.
Fed's wait-and-see approach contributed to the recent rise in mortgage rates.

US Dollar Index consolidates post highs - London Business News | Londonlovesbusiness.com

The US Dollar Index is in a consolidation phase after a significant climb, allowing for assessment before the next move.

The Fed Will Tell Us Soon If Bitcoin Is at a New Baseline

A potential Fed rate cut could establish a new baseline for bitcoin and impact the entire crypto market.

Mortgage Rates Just Hit a 2-Month High: Are High Rates the New Normal for Homebuyers?

Mortgage rates rose to 6.94% for the week, potentially impacting spring homebuying season.
Fed's wait-and-see approach contributed to the recent rise in mortgage rates.

US Dollar Index consolidates post highs - London Business News | Londonlovesbusiness.com

The US Dollar Index is in a consolidation phase after a significant climb, allowing for assessment before the next move.
morefederal-reserve
from Axios
2 months ago

Consumers fall behind on car payments

Increasing delinquency rates among borrowers due to worsening economic conditions and rising costs of living.
#poverty

1 million fewer Californians live in poverty. Is that cut enough?

California's poverty rate is declining, but at a slow pace compared to national averages.

Guess the Poorest Area in Your State

The poorest county in the U.S., Issaquena County, MS, has a median household income of $17,900, significantly lower than the national average.

1 million fewer Californians live in poverty. Is that cut enough?

California's poverty rate is declining, but at a slow pace compared to national averages.

Guess the Poorest Area in Your State

The poorest county in the U.S., Issaquena County, MS, has a median household income of $17,900, significantly lower than the national average.
morepoverty

Scorched earth: how the search for gold has scarred DRC's Haut-Uele province

Gold mining in Haut-Uele is driving economic activity while causing environmental and social issues for local communities.

Gold prices surge amid geopolitical uncertainty in 2024

Gold prices surged in early 2024 due to geopolitical shocks, despite declining commodity prices globally.
#job-market

The U.S. labor market is in a weird place right now. What's behind job security and sluggish hiring?

The American labor market has cooled, making it harder for job seekers to find new opportunities compared to previous years.

It's easier than ever to keep your job-but harder than ever to land one

The job market has shifted, making it harder for job seekers to find new positions despite low levels of layoffs and high job security for current employees.

The U.S. labor market is in a weird place right now. What's behind job security and sluggish hiring?

The American labor market has cooled, making it harder for job seekers to find new opportunities compared to previous years.

It's easier than ever to keep your job-but harder than ever to land one

The job market has shifted, making it harder for job seekers to find new positions despite low levels of layoffs and high job security for current employees.
morejob-market

The 5 Highest-Yielding S&P 500 Stocks Are the Perfect Recession Safety Net

Investing in dividend stocks can offer a reliable income stream and contribute to total return through dividends, capital gains, and interest.

Cisco to cut thousands of roles in second batch of layoffs this year

Cisco plans more job cuts to focus on high-growth areas amidst economic changes.

Corporate cost-cutting at a four-year high despite growing economic optimism

The highest percentage of businesses in Europe since 2021 are planning to cut costs in 2024.

Euro subdued ahead of key economic data

The euro strengthened against the US dollar due to improved economic conditions in the Eurozone but may face pressure if the ECB cuts rates more aggressively than the Federal Reserve.

WIPO Report Highlights Importance of Patenting to Improve Tech Capabilities

China significantly increased its technological capabilities from 16% to 94% between 2001-2004 and 2017-2020.

Urgent call for more accessible finance options with 34% of SMEs at risk of closure

Enhanced and adaptable financing solutions are crucial for SME survival, with 34% at risk of closure and 50% not seeking financial assistance.

The Confusion About the U.S. Economy Reveals Everything About Politics Today

Presidential approval no longer correlates with the economy
Partisan realities influence public perception of presidential performance

Will More Biglaw Firms Cut Jobs Now That Fenwick Has Opened The Floodgates On Layoffs?

Tech-centric firm Fenwick & West slashes 10% of attorneys and staff
Layoffs in industries that are lagging in the current economy may become more common
#economic conditions

Agencies weigh positives and negatives to 2024 spending in an uncertain economy

2024 is expected to be a big year for ad spending due to the presidential election.
Uncertainty remains due to economic conditions and the move towards cookie deprecation.

Bad Boy Furniture aiming to restructure business as it faces 'challenging' economy

Bad Boy Furniture Warehouse Ltd. is filing for bankruptcy and restructuring its business due to challenging economic conditions.
High interest rates, falling home sales, and a tight retail climate are impacting the company.
The company is considering a liquidation sale to wind down inefficient portions of its business.

Agencies weigh positives and negatives to 2024 spending in an uncertain economy

2024 is expected to be a big year for ad spending due to the presidential election.
Uncertainty remains due to economic conditions and the move towards cookie deprecation.

Bad Boy Furniture aiming to restructure business as it faces 'challenging' economy

Bad Boy Furniture Warehouse Ltd. is filing for bankruptcy and restructuring its business due to challenging economic conditions.
High interest rates, falling home sales, and a tight retail climate are impacting the company.
The company is considering a liquidation sale to wind down inefficient portions of its business.
moreeconomic conditions

The Current State of Business Lending - and 5 Trends to Watch | Entrepreneur

Access to capital is crucial for business owners.
The current economic environment has made it more difficult for small businesses to access funding.

Business Predictions for 2024 | Entrepreneur

Business owners face uncertainty due to economic conditions, climate change, and advancements in artificial intelligence.
Seek advice from women leaders for insights into the future and how to navigate these challenges.
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