Author Archives
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Storms Could Delay Holiday Packages, According To FedEx And UPS, And Airlines May Cancel Thousands Of Flights
Before the Christmas holiday, a powerful winter storm hit large swaths of the United States, bringing with it high winds, bitter cold, and snow. FedEx and United Parcel Service issued warnings that packages might not arrive this week. In advance… Read More ›
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The Number Of COVID Cases In Zhejiang, China, Is Expected To Double From Its Current Daily Total
One million new COVID-19 infections are reported daily in Zhejiang, a significant industrial province in China close to Shanghai; this number is projected to double over the coming days. China reported no COVID deaths on the mainland for the five… Read More ›
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Reasons Why Many Believe A Recession Is Due In 2023
Everyone is often caught off guard by recessions. The likelihood that the following one won’t is very high. Since months, economists have been predicting a recession, which the majority believe will begin in the first quarter of 2019. The idea… Read More ›
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Largest Weekly Withdrawals From Global Equity Funds Since March 2020, Claims Lipper
Fears of a recession and central banks’ commitment to maintaining higher interest rates in order to contain inflation have caused the largest weekly outflows from global equity funds since March 2020. According to Refinitiv Lipper data, there was a $33.6… Read More ›
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Overburdened Health System In China Prepares For The Peak In COVID Infections
Health officials in China predict a peak in COVID-19 infections within a week, putting additional strain on the nation’s healthcare system even as they downplay the severity of the illness and continue to report no new deaths. China, the last… Read More ›
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The EU Says Amazon May Be To Blame For Advertisements For Fake Louboutin Shoes
Advertising “fake” red-soled shoes that might infringe on designer Christian Louboutin’s EU trademark could result in Amazon being held liable. On Amazon, unaffiliated third parties are marketing red-soled high heels that are similar to Louboutin’s without his permission. Amazon could… Read More ›
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Covid-19 Cases Surge In China, Mixed Response About Impact On Global Economy
Since strict restrictions were relaxed earlier this month, the number of Covid-19 cases in China has increased, raising worries about the potential impact on the world economy given the country’s financial clout. China started to dismantle its zero-COVID policy of… Read More ›
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2023 Forecast For Gold Price Amid Soaring Inflation And Recession Concerns In The Year Ahead
According to Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, gold prices could rise to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets erratic. Next year, the price of the… Read More ›
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The Next Financial Crisis Could Be Caused By Cryptocurrencies, Warns Head Of The Indian Central Bank
If private cryptocurrencies are allowed to grow, they will cause the next financial crisis, India’s central bank chief warned on Wednesday. “Cryptocurrencies have… huge inherent risks for our macroeconomic and financial stability,” said Reserve Bank of India Governor Shaktikanta Das… Read More ›
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Elon Musk Tries To Articulate Why Tesla Shares Are Plummeting
Tesla shares fell to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day, in an otherwise mixed day for stocks. CEO Elon Musk attempted to blame the falling price on macroeconomic factors…. Read More ›
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