Complaints of politically biased treatment at work have doubled since before the pandemic, according to new research by the Society for Human Resource Management. About a quarter of US employees say they’ve experienced biased treatment because of their political affiliations — either preferential dealings or undue negative actions on the basis of their political opinions […]
It’s the October surprise Americans can’t afford. A planned cut in production by Middle Eastern oil states, in defiance of White House pleas, is likely to further spike already rising gasoline prices. More pain at the pump would be a major blow to Democrats weeks from the midterm elections and bring President Joe Biden’s boasts […]
Oil and gas prices are elevated ahead of a key meeting by OPEC+ that could potentially see the organization cut production by a million barrels per day. Oil has climbed over 3% on Tuesday, pushing above $86 per barrel. It was the largest two day percentage gain since Wed., April 13, 2022. Meanwhile, gas prices […]
High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers. That’s bad news for CarMax, the nation’s largest used car dealer. CarMax reported Thursday that its earnings plunged 54% as the number of cars it sold in the quarter fell 6.4% compared to a year […]
September is usually a bad month for investors, with the S&P 500 falling on average by about 1%, according to Howard Silverblatt, a senior analyst with S&P Dow Jones Indices. But this September, it fell by more than 9%. That makes this the worst September since 2002, when it fell by 11%. It’s another bleak […]
Markets are a mess, and not just in the United States, where the three major stock indexes are down more than 20% each from their highs. “Everything is starting to take a big hit,” says Edmund Shing, the global chief investment officer at BNP Paribas Wealth Management. Around the world, markets are reeling with unpredictability. […]
A wave of heavy selling driven by investors’ concerns that the global economy could fall into recession rocked major stock indexes around the world Friday. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq each lost more than 1.5% on Friday, with the Dow closing at its lowest level since late 2020. The […]
Carbon dioxide has no taste, no odor, and no color — but it’s a vital ingredient in the beer business, from putting frothy bubbles in brews to blocking oxidization that makes beer taste stale. But brewers are now worried that a carbon dioxide shortage could force production cuts and price hikes. It’s the latest threat […]
acebook CEO Mark Zuckerberg, his wife and three voting rights groups were hit Thursday with legal complaints alleging malfeasance related to activities surrounding the 2020 election. The Center for Renewing America (CRA) filed two complaints — the first against Zuckerberg and his wife Priscilla Chan and the second against the groups Center for Tech and […]
The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive move to tackle the white-hot inflation that has been plaguing the US economy. The supersized hike, which was unfathomable by markets just months ago, takes the central bank’s benchmark lending rate to a new target range of 3%-3.25%. That’s […]
Corporate America is starting to brace for a recession. Economic bellwether FedEx (FDX) stunned Wall Street last week with a massive earnings warning and tepid outlook for the global economy. FedEx’s bad news overshadowed a more promising development on Thursday, the agreement between railroad operators and unions to avoid what could have been a crippling […]
President Biden attempted to downplay the U.S. inflation crisis during a “60 Minutes” interview, claiming that the month-to-month rate has “hardly” risen – which prompted his CBS interviewer to dispute his response. CBS correspondent Scott Pelley asked: “Mr. President, as you know, last Tuesday, the annual inflation rate came in at 8.3%. The stock market […]
