Inflation barreled ahead in April, remaining near 40-year highs, and consumers are feeling the pinch. According to a recent consumer survey, 61% of the U.S. adult population said they are buying only the essentials as inflation rises.
No matter how inflated prices get, consumers...
One of the biggest threats to corporate America is ransomware. The growing possibility of losing access to essential or confidential digital property is a nightmarish scenario for executives as the financial consequences can be enormous.
But it’s not just major companies that are at...
Fears are growing that the Fed’s aggressiveness will strain a vulnerable economy and that the Fed’s attempt to beat inflation could inadvertently push the economy into a recession.
“A recession at this stage is almost inevitable,” said former Fed vice chair Roger Ferguson. “It’s...
Over the past 18 months, Chinese regulators have passed new regulations and imposed fines on numerous sectors, including education, gaming, ride-hailing, and food delivery, crushing the market cap of many of the country’s leading companies. But after positive comments from China’s economic czar, Vice Premier Liu...