Yellen Says Economy is in a ‘New Phase’ Treasury Secretary Janet Yellen said the US economy has entered a “new phase” amid concerns that we have entered a recession. During a press conference Thursday, Yellen echoed Biden’s statements that the US has entered a new phase in its economic recovery focused on achieving “steady sustainable …
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A general view of tanks of Brazil’s state-run Petrobras oil company following the announcement of updated fuel prices at Petrobras in Brasilia, Brazil June 17, 2022. REUTERS/Ueslei Marcelino Register now for FREE unlimited access to Reuters.com Register RIO DE JANEIRO, July 28 (Reuters) – Petrobras (PETR4.SA) has approved a record dividend payout of 87.8 billion …
Brazil’s Petrobras opens dividend gusher in pre-election win for Bolsonaro Read More »
Mortgage rates dropped last week as fears grow that the US economy is entering a recession. The 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before, according to Freddie Mac. That is still significantly higher than this time last year when it was 2.80%. Rates rose sharply …
Mortgage rates fall as fears about the US economy loom Read More »
Check out what’s clicking on FoxBusiness.com. The World Economic Forum is looking to reduce global reliance on critical metals as nations look to make the transition to renewable energy supplies, and one proposal is reducing ownership of private vehicles. “This transition from fossil fuels to renewables will need large supplies of critical metals such as …
World Economic Forum calls to reduce private vehicles by eliminating ‘ownership’ Read More »
Cities in Germany are switching off spotlights on public monuments, turning off fountains, and imposing cold showers on municipal swimming pools and sports halls, as the country races to reduce its energy consumption in the face of a looming Russian gas crisis. Hanover in north-west Germany on Wednesday became the first large city to announce …
German cities impose cold showers and turn off lights amid Russian gas crisis | Germany Read More »
The US economy is not currently in a recession. No, two quarters of negative growth aren’t, whatever you may have heard, the “official” or “technical” definition of a recession; that determination is made by a committee that has always relied on several indicators, especially job growth. And as Jerome Powell, the chair of the Federal …
In remarks from the White House Thursday, President Biden said the Inflation Reduction Act would reduce pressure on the economy from rising inflation. Susan Walsh/AP hide caption toggle caption Susan Walsh/AP In remarks from the White House Thursday, President Biden said the Inflation Reduction Act would reduce pressure on the economy from rising inflation. Susan …
Biden says inflation legislation will reduce pressure on economy : NPR Read More »
WASHINGTON – Tenensions over Taiwan, Russia’s war in Ukraine and over the economy dominated a call between President Joe Biden and Chinese leader Xi Jinping on Thursday. The planned call between the leaders – their first in more than four months – comes as the US seeks to regain a competitive edge over China and …
Biden clash with China’s Xi over economy, Taiwan during call Read More »
In the three months ending on May 29, sales at Longhorn Steakhouse locations open at least a year popped 10.6%. Texas Roadhouse reported that in the first three months of the year, sales at company-owned restaurants open at least a year jumped 16%. The chain is slated to release its second-quarter earnings Thursday afternoon. Demand …
Inflation-exhausted Americans: Let’s just go out for steak Read More »
Photo: Paul Ratje/Bloomberg via Getty Images After months of crushingly high prices at the gas station, consumers have been seeing some relief in recent weeks. Gas prices have now fallen 41 days in a row, and are plummeting this week in particular: National average #gasprices saw the largest 24-hour decline yesterday on record, falling 4.5 …
