Interest rate cuts are still “some way off”, the Bank of England’s chief economist has warned, as hopes for rapidly falling borrowing costs around the world fade.]]>
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
Shoplifting was up by 37% in the year to December 2023, the highest since records began in 2003.
Pent-up demand, an aging population and a lack of funding are being blamed for elective surgery wait times blowing out to the longest on record following the release of a damning report. The latest Public Health Report Card, released on Friday by the Australian Medical Association, shows the median wait time for elective surgeries was […]
China's Crude Oil Imports Hit A Record High In 2023 By Tom Kool of OilPrice.com China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’s top crude oil importer took advantage of the price crash to gorge on cheap crude. Last year, China’s crude oil imports averaged 11.3 million barrels per day (bpd), up by 10% compared to 2022, according to Chinese customs data compiled by Bloomberg and the U.S....
In the 1960s the birthrate in Greenland was one of the highest in the world. Then it plunged. Decades later, women have finally begun speaking out about what happenedBula Larson was 14 when one day she and her friends were told to go to the hospital. Bula lived in Greenland and was Inuit like most of the population of the island, which is an autonomous territory of Denmark. At the hospital she and her friends lined up, and one-by-one were told to enter a room. Bula recalls how she was asked to...
Money helps shed light on which is a better investment: gold or stocks.
Biden Calls For Record High 44.6% Capital Gains Tax Rate By John Kartch of Americans For Tax Reform President Biden has formally proposed the highest top capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.” Yes, you read that correctly: A Biden top capital gains and dividends tax rate of 44.6%. Under the...
In the latest TV ratings: With ABC in rerun mode, CBS’ Young Sheldon was far and away Thursday’s most-watched show, while landing in a three-way tie for the nightly demo win. CBS | Young Sheldon (with 7.2 million total viewers and a 0.5 rating) was down a tick in both measures, Ghosts (6.2 mil/0.5) and […]
US central banker says ‘recent data have clearly not given us greater confidence’ that inflation coming fully under controlThe Federal Reserve chair, Jerome Powell, cautioned on Tuesday that persistently elevated inflation will probably delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.“Recent data have clearly not given us greater confidence” that inflation is coming fully under control and “instead indicate that it’s likely to take...
By Robin Millard Asia was the world’s most disaster-hit region from climate and weather hazards in 2023, the United Nations said Tuesday, with floods and storms the chief cause of casualties and economic losses. Global temperatures hit record highs last year, and the UN’s weather and climate agency said Asia was warming at a particularly […]
Businesses had to pivot or shut down during the pandemic. With no sales, demand, and a host of restrictions, small businesses that could transition to a digital platform and still operate took that route while many others ceased to exist.According to the U.S. Bureau of Labor Statistics (BLS), 20% of small businesses fail within the first year. This rate jumps up to 50% in five years. After ten years, two-thirds of all companies have gone under."Not good odds. Not great odds at all," said former...