As the UK battles a recession and higher mortgage rates, industry experts predict that the housing market will cool off sharply in 2019 after a rocky 2022. House prices have already begun to decline month over month as the cost… Read More ›
Entrepreneurship
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 ›
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 ›
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 ›
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 ›
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 ›
Bank Of Japan Surprises The World’s Markets By Shifting Bond Yields
A sell-off in bonds and stocks occurred around the world overnight as a result of the Bank of Japan unexpectedly expanding its target range for 10-year Japanese government bond yields. In an effort to mitigate the effects of prolonged monetary… Read More ›
Sam Bankman-Fried, The CEO Of FTX, Agrees To Be Extradited
According to the BBC, Sam Bankman-Fried, the CEO of the defunct cryptocurrency exchange FTX, has consented to be extradited to the US to face charges. According to US authorities, the 30-year-old, who resides in the Bahamas, is accused of committing… Read More ›
Covid Forces Down Chinese Business Confidence To Nearly A Decade Low
According to a survey released on Monday by World Economics, China’s business confidence has dropped to its lowest level since January 2013. This decline is due to the abrupt lifting of many pandemic control measures as well as the impact… Read More ›
Air India’s Jumbo Jet Order Has 190 Boeing MAXs And 30 787s: Reports
According to industry sources, Air India is close to a deal to order more than 200 Boeing jets, including 190 narrowbody 737 MAX and 30 widebody 787s, as part of a historic fleet shake-up roughly split with Boeing’s European rival… Read More ›
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