Buck Bully
New York(CNN Business) This summer, the American economic recovery hit a roadblock. The US economy grew at an annualized rate of only 2% in the third quarter, the Bureau of Economic Analysis reported Thursday. The highly infectious Delta variant of the coronavirus, supply chain chaos, worker shortages, sluggish jobs numbers and higher prices weighed on economic activity. It was far lower than the […]
[Go Banking Rates, iStock] So far, more than 2 million have signed a petition calling for $2,000 monthly stimulus checks for every American. This petition was started by Stephanie Bonin, a Colorado restaurant owner, and was first posted on Change.org last year, reports Business Insider. In Bonin’s petition statement, she says […]
[Fortune, Getty Images] It’s Fed day, investors. Here’s what you’ll need to know. Good morning. Global stocks and U.S. futures are pretty steady ahead of today’s big Fed decision—or, more likely, lack of one. Either way, there will still be plenty of fireworks as Jerome Powell gets grilled on inflation, growth, the […]
[The Wall Street Journal] U.S.-stock funds squeaked out an average return of 0.5% in May—their seventh monthly gain in a row Nothing has been able to derail the monthly winning streak for mutual-fund investors. But things came close in May. Worries about inflation helped to cause volatility in stocks and […]
[CNBC] The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008. Economists surveyed by Dow Jones had been looking for an increase of 3.6%. One big reason for the acceleration was base effects – at this time a year ago, the economy was […]
[CNBC, Getty Images] Negotiations on another Covid-19 relief bill are at an impasse. Some measures may get attached to a spending package that must pass by Dec. 11 to avert a government shutdown. Another weekly boost to unemployment benefits would most likely be part of the mix, according to unemployment […]
[CNBC, REUTERS] China’s economy recovered further from the coronavirus in the third quarter, according to data released Monday by the National Bureau of Statistics. The world’s second-largest economy reported third-quarter GDP growth on the low end of expectations, up 4.9% from a year ago. That brings growth for the first […]
[Decrypt] A new report from Deutsche Bank says countries need to be ready for the disruption central bank digital currencies may cause. Central bank digital currencies (CBDCs) are likely to transform the way we live, and consumers and financial institutions need to be ready, Deutsche Bank has said. CBDCs could […]
[KITCO NEWS] This year, the global economy has contracted at a pace previously unseen. However, the crisis this year was only the trigger for what would otherwise have been an inevitable collapse in our economy. Doug Casey, founder of Casey Research, and Rick Rule, president of Sprott U.S., discussed with […]
[CNN] New York — The US economy contracted at a 32.9% annual ratefrom April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday. Business ground to a halt during the pandemic lockdown in the spring of this year, and America plunged into its first recession in 11 years, putting […]