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News & Articles By Belle Carter
06/14/2022
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By Belle Carter
Surveys: Consumers are saving less and acquiring more debts due to inflation
Multiple surveys reveal that consumers are saving less, depending on debts to stay away from financial troubles, and starting to lose confidence in the economy due to the out-of-hand price inflation these days. The Bureau of Economic Analysis data shows that in April, the household savings rate went down to 4.4 percent from the 6.2 percent […]
06/10/2022
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By Belle Carter
World Bank: The global economy is expected to slump this year
The World Bank (WB) has warned the public that the world economy is expected to slump this year. The WB’s “June Global Economic Prospects” report revealed that global growth is expected to fall from 5.7 percent in 2021 to 2.9 percent in 2022, which is significantly lower than the 4.1 percent anticipated in January. “Compounding the […]
06/07/2022
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By Belle Carter
RBC analysts: US car sales falling to recessionary levels
Analysts at the Royal Bank of Canada (RCB), a renowned financial services company that serves over 16 million clients worldwide, have said that the U.S. car industry is at recessionary levels as new-car sales dipped below an annualized 13 million vehicles in May. “The market appears increasingly concerned about the economy, inflation, rising interest rates […]
06/03/2022
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By Belle Carter
JPMorgan CEO Jamie Dimon: Economic hurricane is coming
JPMorgan Chase CEO Jamie Dimon warned Wednesday, June 1, that an economic hurricane is coming due to inflation and the Russia-Ukraine conflict. “I said there’s storm clouds but I’m going to change it. It’s a hurricane,” he said during his speech at a financial conference in New York. Dimon added that he is preparing the biggest […]
06/01/2022
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By Belle Carter
Consumer sentiment dropped further in May, survey reveals
A recent survey conducted by the University of Michigan revealed that consumer sentiment plunged to a final May reading of 58.4 from the initial reading of 59.1 earlier in the month. “This recent drop was largely driven by continued negative views on current buying conditions for houses and durables, as well as consumers’ future outlook for the […]
05/26/2022
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By Belle Carter
EU official: Military support to Ukraine has depleted EU’s weapons stockpile
High Representative of the European Union (EU) for Foreign Affairs and Security Policy Josep Borrel wrote in his May 22 blog that the bloc’s depleted stockpile of weapons resulted from the military support they provided to Ukraine. The events in Ukraine have resulted in “a tectonic shift of the European security landscape,” he said. The […]
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