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Category: Finance News
Investors flock to green energy funds as Congress passes climate bill. What to know as assets reach ‘new territory’
There’s been a surge of interest in green energy funds as Congress allocates $369 billion for climate change funding. Here’s what investors need to know.
Cash withdrawals in the UK soar as Brits grapple with the rising cost of living
Brits are using cash as a way to manage their budgets as inflation in the country is expected to peak at over 13% in October.
Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big rate increases and believes they should continue.
Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market
Nonfarm payrolls were expected to increase 258,000 in July, according to Dow Jones estimates.
Here’s where the jobs are for July 2022 — in one chart
There was an appetite for workers particularly in the service sector, which has been grappling with labor shortages.
Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’
Are we in a recession? A former chief economist at the U.S. Department of Labor and a former chair of the White House Council of Economic Advisers weigh in.
The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation
The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation.
The great unrest: How 2020 changed the economy in ways we can’t understand yet
Because of the Covid pandemic, 2020 was an epoch-changing year. Much like the 9/11 terrorist attacks in 2001, the full effects won’t be understood for years.
Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report
Initial claims for unemployment insurance were expected to total 260,000 for the week ended July 30, according to Dow Jones estimates.