Beijing To Allow Indoor Dining
Beijing is allowing indoor dining on Monday, with two small exceptions for specific districts, as China completes its exit from stringent Covid lockdown measures and returns to normal. Restaurants and…
Inflation Can Take Years To Tame Even With 10% Hikes
To the surprise of many, inflation has proven quite persistent for a full year now, even as the numbers at the end of April showed an 8.3% rate. Looking back…
Fed’s Mester Says Inflation Hasn’t Peaked – Multiple Hikes Are Needed
On Friday, Cleveland Federal Reserve President Loretta Mester said she sees no evidence of inflation having peaked, and supports a series of aggressive rate hikes to further tame inflation. Mester…
Turkish Inflation 73.5%, Highest Since 1998
Inflation in Turkey his an annual 73.5% in May, data showed on Friday, climbing to its highest level since 1998 as President Recep Tayyip Erdogan continues to be dogged by…
Summers: Inflation Won’t Get ‘Close to Target’ Without ‘Very High Turbulence’
Speaking on Bloomberg’s Wall Street Week, Larry Summers, Harvard Professor, former Director of the National Economic Council, and Treasury Secretary under Bill Clinton, said that inflation will not get “close…
Walsh Says Job Market Can Maybe Stay Hot And Inflation Drops
On CNN Newsroom Friday, Labor Secretary Marty Walsh indicated he feels the job market may not need to cool, to bring inflation down, and that, “we have to continue to…
Soros-Backed Group Purchases 18 Univision Radio Stations
Univision has parted ways with its radio portfolio, as it shifts its focus to video media following its merger with media giant Televisa. It has agreed to a $60 million…
Congress Is Poised To Pass A Bill Which Will Cost Big Tech
Congress is on the brink of passing major legislation which would restructure how Big Tech does business. But advocates worry if it is not passed quickly, or at least by…
There Will Be A Wave Of Emerging-Market Defaults, Says The Investor Legend
At Elliot Management, Jay Newman became a legend when he led their successful campaign to get Argentina to pay $2.4 billion in defaulted debt. In the process, he even oversaw…
Most Americans Feel There’s A Recession, Or One’s Coming
A majority of Americans feel there is either a recession underway, or there is one coming, according to a recent Maru Public Opinion Survey. A little over half report being…
