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By Richa Naidu LONDON - Activist investor Nelson Peltz is "supportive" of a plan by consumer goods maker Unilever (NYSE:UL) to de-carbonize all five of its newly established business units, in an...

Fed's rate hikes hammer housing affordability

The Federal Reserve has hit the breaks on the economy, in an attempt to slow inflation. Housing is where the rubber meets the road, Why it matters: Since the pandemic, the hot housing market — and...

Soaring food and energy costs drive UK inflation to 10.1%

LONDON (AP) — Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices.The Office for National...

The New Green Economy Is Little More than a Keynesian Spending Scheme

Climate change theory says that the public has to drastically reduce its consumption to save the environment, while Keynesian economics says that increasing consumption by the general public is...

GameFi as a major achievement of the Korean Wave (Hallyu) movement

July 15th was a music milestone. Ten years ago in Summer 2012, the release of “Gangnam Style,” catapulted South Korean singer and rapper, PSY to stardom as the song instantly became a global hit....

Heathrow airport says passenger cap has eased travel chaos

LONDON (AP) — Heathrow Airport in London said Thursday that its limit on the number of passengers is easing a travel crunch that has led to flight cancellations and lost luggage as soaring demand...

Why Shopify Lost 80% of Its Market Cap

Shopify is unlikely to repeat the growth rate it achieved during depths of the pandemic.

maybe a lot

LONDON (AP) — The Bank of England is likely to announce its biggest interest rate increase in more than 27 years on Thursday as it seeks to rein in accelerating inflation driven by the fallout...

Look Almost Human-Made": NOAA Finds Mysterious Lines Of Holes On Mid-Atlantic Floor

"Look Almost Human-Made": NOAA Finds Mysterious Lines Of Holes On Mid-Atlantic Floor NOAA revealed the discovery of mysterious holes punched in the ocean floor while on a dive nearly...

Economic Report: U.S. pending home sales tumble in June

U.S. pending-home sales fell in June by 8.6%, according to the National Association of Realtors. The drop in pending home sales is the biggest since the depths of the pandemic in April and March...

America's Freight Railroads Are Incredibly Chaotic Right Now

America's Freight Railroads Are Incredibly Chaotic Right Now By Rachel Premack of FreightWaves Jason Doering has seen a lot during his 18 years at Union Pacific Railroad. But what’s...

Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

Some analysts believe bitcoin’s recent dips below $20,000 show the price level is not as critical anymore. “A move below $17,500-$18,500 support could accelerate the sell-off, while a break of...

Delta issues unusual travel waiver for July 4 weekend, warns of 'operational challenges'

Atlanta-based airline has issued a travel waiver for July 4. The holiday weekend is one of the busiest for air travel in the U.S. This post includes references to products from one or more of our...

Airport chaos: European travel runs into pandemic cutbacks

Liz Morgan arrived at Amsterdam’s Schiphol Airport 4 1/2 hours before her flight to Athens. “There's elderly people in the queues, there's kids, babies. No water, no nothing,” she says. "It's...

Rep. Crow: ‘Astonishing’ what Barr told Jan 6 Committee that he ‘didn’t say’ during Trump presidency

Former impeachment manager Representative Jason Crow joins Andrea Mitchell with his reaction to the second day of the January 6 Committee’s public hearings. “The most important takeaway for me is...

Consumers Think It's a Terrible Time To Buy, But They're Also Fairly Terrible Housing Forecasters

Fannie Mae conducts a monthly survey on homebuying sentiment. It tracks buyer/seller attitudes on whether its a good time to buy/sell. Given the ongoing surge in prices and the recent surge in...

Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

Bill Ackman says inflation will only dissipate if the Federal Reserve acts more aggressively. Ackman: "There is no prospect for a material reduction in inflation unless the Fed aggressively raises...

Primaries Show Limits, and Depths, of Trump's Power Over G.O.P. Base

The Make America Great Again movement is dominating Republican primaries. But is the former president in control of it?

A severe pilot shortage in the U.S. leaves airlines scrambling for solutions

Airlines offered pilots early retirements to cut labor bills during the depths of the pandemic. The process to become airline-qualified in the U.S. is lengthy and expensive, making the barrier to...

Atlanta Fed's Bostic: 'Don't think that the Fed overdid' monetary stimulus

Atlanta Fed President Raphael Bostic said the central bank did not overdo its money printing during the depths of the pandemic. Bostic expressed confidence that the Fed can get high inflation...

Stock market news live updates: Stock futures fall, adding to April losses

Stocks headed for losses in the first session of May following one of the worst monthly performances for the S&P 500 since the depths of the pandemic in 2020.

Iconic Russian Car Maker, Known for Cold War Self-Reliance, Halts Production

Lada cars have been a symbol of Russia's self-reliance since they began rolling off assembly lines during the depths of the Cold War. On Wednesday, Lada’s factory floors ground to a halt as...

Caution from OPEC+ producers to keep oil prices high

OPEC and allied producing countries are sticking with cautious increases in the amount of oil they send to the global economy. The alliance of OPEC members led by Saudi Arabia and non-members led...

Minneapolis Fed President: March rate hikes on the table

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, says March rate hike likely. "Barring something unforeseen in the economy, my expectation is that the committee will likely...

Giant pristine coral reef discovered off Tahiti

Marine explorers find a "pristine" 3km coral reef at depths of 30m off the coast of Tahiti.

Fed faces a judgment call on finding 'maximum employment'

The Federal Reserve has signaled a strong likelihood that it will raise interest rates next year. The central bank has held short-term interest rates at near zero since the depths of the pandemic....

Higher mortgage rates are coming. What could it mean for homebuyers?

The Fed expects to raise rates three times next year to make borrowing more expensive for individuals and businesses. It also expects more hikes in the following two years, lifting rates from near...

San Francisco Fed president: 'Certainly see a case' for speeding up taper

Federal Reserve Bank of San Francisco President Mary Daly says she could support more quickly ending the central bank's asset purchase program. Since the depths of the pandemic, the Fed has been...

SoftBank shares jump 11% on $9 bln buyback

SoftBank Group Corp (9984.T) shares jumped 10.5% on Tuesday. Japanese conglomerate said it would spend up to 1 trillion yen ($8.8 billion) buying back almost 15% of its shares. The company...

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