Oil prices fall sharply as recession worries grow

Oil prices fall sharply as recession worries grow

Placeholder while article actions load The end of the Fourth of July weekend arrived with a blast of troubling economic developments as bonds flashed signs of a coming recession and oil prices plunged, suggesting that millions of consumers who have spent more than a year rocked by rising prices could face even more upheaval . … Read more

Main Street SMBs Poised to Outperform Economy

Main Street SMBs Poised to Outperform Economy

The pressures of inflation, of external shocks from geopolitics and supply chains will be too much for Main Street small and medium-sized businesses (SMBs) to bear. But then again, it ain’t necessarily so. It’s no secret that the smaller firms — the mom and pop shops that line the neighborhoods and avenues of every small … Read more

New UK finance minister Zahawi inherits faltering economy, soaring inflation

New UK finance minister Zahawi inherits faltering economy, soaring inflation

British New Finance Minister Nadhim Zahawi leaves 10 Downing Street, in London, Britain, July 5, 2022. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, July 5 (Reuters) – Britain’s new finance minister Nadhim Zahawi takes the reins of an economy struggling under the strain of nearly double-digit inflation and a slowdown … Read more

Gig economy jobs equivalent to a 9% raise, workers say

Gig economy jobs equivalent to a 9% raise, workers say

Setting your own hours is the equivalent to a 9% raise, gig economy workers say. That’s according to an economist who has quantified just how much that flexibility means to workers. It comes after the now-defunct ballot question involving the status and benefits for app-based drivers has derailed. As the gig economy has expanded in … Read more

Denver Gazette: Crime + economy = trouble for ruling Dems | Opinion

Denver Gazette: Crime + economy = trouble for ruling Dems |  Opinion

Midterm congressional elections typically don’t go well for the party in power, especially the one that’s in charge at the White House. And that’s even when the country isn’t facing soaring crime and a tanking economy — as it is now. Security and prosperity are two essentials that a lot of voters take for granted. … Read more

Bonds flash recession warning light as key part of the yield curve inverts again

Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield … Read more

Biden’s Russian oil plan aims to prevent an economic catastrophe

Biden’s Russian oil plan aims to prevent an economic catastrophe

The headlines from a gathering of the Group of 7 world leaders last week focused on diplomacy around the Russia-Ukraine war. But the summit could have massive consequences for the world economy. The Biden administration advanced a novel strategy to allow Russian oil to trade with its price capped, something officials view as essential to … Read more

Consumers Are Ditching Pelotons for Paninis. Economists Say That Could Help Lower Inflation | Economy

Consumers Are Ditching Pelotons for Paninis.  Economists Say That Could Help Lower Inflation |  Economy

Prior to the coronavirus pandemic’s arrival in America more than two years ago, the American consumer was like a diner at an all-you-can-eat buffet. The choices were endless and prices were reasonable, store shelves were stocked with goods from around the globe and credit was plentiful at rock-bottom rates. But then the dishes started disappearing … Read more