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Category: Economy

Dow Reflects on Weak Chinese Data;  Tesla stock jumps in the first Austin e-truck
Economy

Dow Reflects on Weak Chinese Data; Tesla stock jumps in the first Austin e-truck

Pamela LoweJuly 17, 2023

The Dow Jones Industrial Average reversed higher on Monday, amid early gains from apple (AAPL) And Intel (INTC). Meanwhile, Tesla…

China’s youth unemployment rate soars as recovery falters
Economy

China’s youth unemployment rate soars as recovery falters

Pamela LoweJuly 17, 2023

Written by Annabelle Liang and Nick Marsh BBC News July 17, 2023, at 05:33 GMT Updated 43 minutes ago image…

Battle breaks out in US housing market as declining affordability collides with ‘lock effect’
Economy

Battle breaks out in US housing market as declining affordability collides with ‘lock effect’

Pamela LoweJuly 17, 2023

Of the existing mortgages, 91% have a rate of less than 5.00%. Getty Images In a clash of opposing forces,…

Jack Dorsey after Mark Zuckerberg sent him a follow up request on Threads
Economy

Jack Dorsey after Mark Zuckerberg sent him a follow up request on Threads

Pamela LoweJuly 16, 2023

Mr. Dorsey had criticized Threads because of the similarities it shared with Twitter. Topics, the new social media app that…

United reach initial 4-year working agreement with pilots, with increases of up to 40%
Economy

United reach initial 4-year working agreement with pilots, with increases of up to 40%

Pamela LoweJuly 16, 2023

The new deal includes increases of up to 40.2% over four years, depending on aircraft type. The union estimated the…

Citigroup profits fell 36%
Economy

Citigroup profits fell 36%

Pamela LoweJuly 15, 2023

Citigroup had a rocky second quarter. Here are the highlights: Earnings fell 36% to $2.92 billion, or $1.33 per share.…

BlackRock expects “trillions” of fixed income investment with rising dividends
Economy

BlackRock expects “trillions” of fixed income investment with rising dividends

Pamela LoweJuly 14, 2023

Get free updates for BlackRock Inc We’ll send you a file myFT Daily Digest Rounding email to the latest Black…

XRP has become the fourth largest cryptocurrency after Ripple’s partial victory over the SEC
Economy

XRP has become the fourth largest cryptocurrency after Ripple’s partial victory over the SEC

Pamela LoweJuly 14, 2023

Ripple (XRP) is now the fourth largest cryptocurrency by market cap after Ripple Labs’ partial victory over the Securities and…

The Ted Williams Tunnel has been closed twice for organ deliveries from Logan Airport
Economy

The Ted Williams Tunnel has been closed twice for organ deliveries from Logan Airport

Pamela LoweJuly 14, 2023

BOSTON – It’s the kind of medical emergency that worried officials when they planned an eight-week closure of the Sumner…

Steve Hanke is an economist at Johns Hopkins University
Economy

Steve Hanke is an economist at Johns Hopkins University

Pamela LoweJuly 13, 2023

The United States no longer has an inflation problem, according to veteran economist Steve Hanke. said Hanke, professor of applied…

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