Walmart, JPMorgan, GM CEOs talk about possible slowdown

Walmart, JPMorgan, GM CEOs talk about possible slowdown

General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and the prospect of a recession looms, corporate America is preparing for a slowdown in … Read more

Inflation forces CAfamilies to budget more during holidays

Voice of the Youth founder Berry Accius shops for coats to give to children. Marcus D.Smith [email protected] The soaring inflation of the past year had Betty Herrera and her family tightening the budgets for months, holding out on unnecessary purchases at grocery stores and excessive utility usage and as they sought to make every dollar … Read more

Investors track data, Fed minutes

Investors track data, Fed minutes

Eurozone PMIs point to recession but slowdown eases Euro zone November flash PMI (purchasing managers’ index) readings on Wednesday reaffirmed that the 19-member currency bloc has entered recession, but the downturn in business slowed slightly. S&P Global’s flash composite PMI, which encompasses services and manufacturing and is seen as a reliable gauge of economic health, … Read more

Get Black Friday Deals, But Don’t Blow Your Budget

Get Black Friday Deals, But Don't Blow Your Budget

Doorbusters aren’t the only thing shoppers have in store for them this Black Friday weekend. There’s also a chance you’ll blow your holiday budget, and you have retailers to thank for that. Black Friday is a way for retailers to get you to shop, and they’ve got a bagful of strategies to get you to … Read more

European markets cautious as investors assess Fed outlook

European markets cautious as investors assess Fed outlook

Stocks on the move: Informa up 6%, Roche down 4% Shares of inform climbed more than 6% in early trade to lead the Stoxx 600 after the British publishing company upgraded its 2022 guidance. At the bottom of the Stoxx 600, rock fell 4.7% after the Swiss pharmaceutical company’s Alzheimer’s drug candidate failed two long-awaited … Read more

Flying home for the holidays will cost you more this year

File – Arriving passengers move toward the baggage claim area at Philadelphia International Airport in Philadelphia on Friday, July 1, 2022. Travelers will probably pay more for airline tickets or a hotel room around the holidays than they did over last Thanksgiving or Christmas. (AP Photo/Matt Rourke, File) matt rourke PA People still looking to … Read more

Vilnius is Europe’s next big digital nomad destination. Here’s what you need to know.

Vilnius is Europe's next big digital nomad destination.  Here's what you need to know.

Lithuania. Where is it? What is it like? What’s daily life like there? You may have these questions if you have not been to the small Baltic country – and chances are you haven’t. COVID hammered tourism in the region, while the Ukraine war caused many tourists to cancel or postpone their trips to Lithuania, … Read more

European markets open to close; US midterm elections watched closely

European markets open to close;  US midterm elections watched closely

Stocks on the move: Pandora up 6%, Persimmon down 8% Quarterly earnings reports continue to drive individual share price movement in Europe. Pandora shares climbed more than 6% in early trade to lead the Stoxx 600 after the Danish jeweler beat third-quarter profit expectations. At the bottom of the index, British housebuilder Persimmon fell 8.7% … Read more

South Korea GDP saw small growth in Q3, backed by ‘revenge spending’

South Korea GDP saw small growth in Q3, backed by 'revenge spending'

SeongJoon Cho | Bloomberg | Getty Images Even as the global economy is headed into a recession, South Korea’s economy saw a small growth backed by what one analyst attributed to “revenge spending” as the country reopens. Gross domestic product rose 0.3% for the July-September period, according to Bank of Korea data — the slowest … Read more

European stocks open to close, US inflation data

European stocks open to close, US inflation data

German inflation confirmed at 10% in September The German consumer price index rose by 10% year-on-year in September and 1.9% month-on-month, the country’s Federal Statistical Office said Thursday, confirming a preliminary reading. EU-harmonized CPI inflation was 10.9% annually and 2.2% on the month, also in line with forecasts. -Elliot Smith Stocks on the move: Sweco … Read more