Just a few months after it became the world’s worst-performing currency, the Ghanaian cedi’s exchange rate versus the U.S. dollar bounced back from just over 14 units per dollar on Dec. 1, to 8 units ...
Tag: Economics
ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation – Economics Bitcoin News
The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases a...
Comcast Doubles Down on a Shady Billing Practice (It Will Cost You)
Many Comcast (CMCSA) – Get Free Report customers have little decent choice when it comes to internet, and while streaming seems to have made a cable subscription optional, that’s not entir...
The Fed Will Lift Rates at Its Meeting Today. What to Expect After That.
The Federal Reserve’s efforts to tame runaway inflation appear to be working, but there is still a long way to go. Investors rejoiced on Tuesday, sending stocks higher after the release of a fifth-str...
Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness – Economics Bitcoin News
Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated...
More Economic Signs Point to a Recession and Higher Interest Rates
The Federal Reserve’s heavily telegraphed move to slow its pace of monetary-policy tightening next week risks sending a message to markets that the central bank is well on its way to reining in inflat...
Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week – Economics Bitcoin News
Billionaire Elon Musk, the CEO of Tesla and Spacex, has warned that the recession will be “greatly amplified” if the Federal Reserve raises interest rates again next week. He added that things will “p...
Robert Kiyosaki Expects Bitcoin Investors to Get Richer When Fed Pivots, Prints Trillions of Dollars – Economics Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that bitcoin investors will get richer when the Federal Reserve, the Treasury, and Wall Street pivot and trillions o...
Is the Bear Market Over? Stocks Need Just One More Big Drop.
Stocks may be putting this year’s bear market behind them, but history indicates it may take one more downward jolt to end the debacle. There is some positive news. The S&P 500 has gained about 10...
Inflation Is Forcing Many Retirees to Put Long-Awaited Plans on Hold—Again
Brenda Dickason dreamed of traveling to Europe in retirement. Instead, the former teacher and police detective spent 2022 watching TV with her husband at their Tucson, Ariz., home and selling homemade...
Redefining The Dynamics of Email Economics
– Advertisement – Amidst a very uncertain global economic environment, one truth remains: you can’t kill email! In 2021, 320 billion emails were sent and received daily, and this number is...
Comcast Customers Are Not Going to Like This
Cable companies like Comcast (CMCSA) – Get Free Report and Charter Communications (CHTR) – Get Free Report began their business lives as monopolies by contract. In exchange for building ou...
Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report – Economics Bitcoin News
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Af...
Jamie Dimon Predicts a Recession. M2 Money Supply Helps Make the Case.
JPMorgan Chase CEO Jamie Dimon raised concerns about the economy sliding into a recession yet again on Tuesday. While the U.S. economy continues to be the strongest globally, rising interest rates and...
Chainlink staking is now live, a major step in its new Economics 2.0 plan
Staking for decentralized oracle network Chainlink is now live on Ethereum, in what Chainlink co-founder Sergey Nazarov claims is one of the most highly anticipated events for its network. Until...
Retailers Are Cutting Jobs Instead of Hiring Help Ahead of the Holidays
The holiday season is usually a reason for stores to staff up to handle the surge of shoppers. But Friday’s jobs report showed a concerning trend: Retailers are shedding workers. According to the Bure...
Slowing Inflation Isn’t Good for All Stocks. The Challenge That Tesla and Others Could Be Facing.
Inflation may have peaked, which could be bad news for stocks that have benefited from higher prices. It has taken time, but the market has finally coalesced around the idea that inflation won’t get h...
Is the Housing Market Headed for a Big Crash? What’s Ahead for Real Estate.
Todd Clark and his wife, Jocelynn Wilde-Clark, have lived through the ups and downs of the housing market in the time of pandemic. In the summer of 2021, as Covid produced frenzied home buying, the co...
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US – Economics Bitcoin News
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of ...
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately – Economics Bitcoin News
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed ...
Powell Will Offer a New Mantra: Slow and Steady
Federal Reserve Chairman Jerome Powell will have an opportunity on Wednesday to lay the groundwork for where the central bank is headed when policy makers meet next month—and he’ll likely use it to ma...
Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem – Economics Bitcoin News
The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and...
Global Trade Will Never Look The Same
Amer. & Chinese flags table decorations during US/China ceremony renewing 1989 MOA Memo of Agreement … [+] re Intl. Trade in Commercial Launch Services. (Photo by Forrest Anderson/Getty Imag...
New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor – Economics Bitcoin News
The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial ...
Black Friday Has Lost Its Punch for Retailers and the Economy
This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Black Friday Said What? Talking Points BMO Capital MarketsNo...
No, Britain’s Economy Isn’t On The Rocks.
TOPSHOT – A Union Flag flies in front of the clock face on Elizabeth Tower, commonly known by the … [+] name of the bell Big Ben, at the Palace of westminster while British Prime Minister ...
New-Home Sales Surge. It’s Still a Mixed Picture for Housing.
Text size Sales of new homes rose in October. Here: completed and under construction new homes in Trappe, Maryland. Jim Watson/AFP via Getty Images Sales of new homes unexpectedly rose in October, pai...
The Fed Minutes Are Today. Here’s What to Watch.
Federal Reserve officials have been laying the groundwork in recent weeks for the possibility that the central bank will ease off its aggressive monetary-policy tightening path and raise interest rate...
Five Things Learned Teaching Airline Economics To College Students
Airline Economics has proven to be a popular course for students George Mason University. Some even … [+] choose to work in the industry after taking the class. getty I’ve been teaching a class ...
Stocks Could Return About 10% in 2023—But First, They’re Going to Fall
For U.S. investors, 2023 could seem like two years wrapped in one, with the stock market first falling in anticipation of a recession, only to rebound as the outlook improves toward 2024. The one cons...