British Prime Minister Boris Johnson attends a press conference during a NATO summit in Madrid, Spain, June 30, 2022. Yves Herman | Reuters LONDON – More than 50 MPs have resigned from British Prime Minister Boris Johnson’s government since Tuesday, as unprecedented revolt against the leader from within his own party continues. After a flurry … Read more
The national flag of Japan flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images The Bank of Japan is approaching an inflection point. It comes as policymakers around the world are scrambling to tighten monetary policy in an effort to contain record high inflation. The … Read more
Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot job market characterized by few layoffs, many job openings and high levels of voluntary departures, according to data from the US Department of Labor released Wednesday. The numbers show that the pandemic-era trend known as the Great Resignation is still … Read more
Federal Reserve officials in June stressed the need to fight inflation, even if it meant slowing an economy already on the brink of recession, according to minutes released Wednesday. Members said the July meeting would also likely see another 50 or 75 basis point move. A basis point is one-hundredth of 1 percentage point. “In … Read more
People walk past a “Now Hiring” sign posted outside a restaurant in Arlington, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images The number of job openings fell sharply in May, but still far outnumbers the number of people looking for work, the Bureau of Labor Statistics reported Wednesday. Available positions totaled … Read more
What I’m Watching Jul 6, 2022 Was Micron (MU) the first time we saw a stock rally after a lower forecast and was that because it sold at just 5 times earnings? If interest rate falls are a sign of a recession, why are homebuilders climbing the most prone to recession? Or could the drop … Read more
The Norwegian government said, based on the announced strike figures, it was feared that more than half of the country’s daily gas exports would have been lost by the weekend. Joe Klamar | Afp | Getty Images European gas prices fell from their highest level in four months on Wednesday after the Norwegian government intervened … Read more
A YouGov poll conducted on Tuesday found that 69% of Britons surveyed want Johnson to resign. The poll of 3,009 adults found that only 18% want them to stay on. Wpa pool | Getty Images Entertainment | Getty Images LONDON – British Prime Minister Boris Johnson’s leadership is hanging by a thread after the resignations … Read more
The recent tech rally may be doomed to fail. Richard Bernstein Advisors’ money manager Dan Suzuki warns that the market is far from bottoming out — and it’s a concept investors don’t understand, especially when it comes to names for growth, technology and innovation. “The two certainties in today’s world of uncertainty are that earnings … Read more
Last weekend, two blockbuster animation franchises went head to head at the box office. One of them took advantage of buzz − and it wasn’t “Lightyear”. In just three days, Universal and Illumination’s “Minions: The Rise of Gru” grossed over $107 million in domestic ticket sales and surpassed $200 million worldwide. Its rival, Disney and … Read more