The Federal Reserve has expressed concerns that prices, which have begun to decline, could reaccelerate due to tight labor markets. The question is whether to give more consideration to prices and wages, or to how the economy is operating in comparison to its normal capacity.
The Federal Reserve has expressed concerns that prices, which have begun to decline, could reaccelerate due to tight labor markets. The question is whether to give more consideration to prices and wages, or to how the economy is operating in comparison to its normal capacity.
What's next in Capitol activity to watch: House Speaker Kevin McCarthy (R., Calif.) will meet with President Joe Biden on Wednesday to discuss raising the nation's debt ceiling. Failing to do so by June could risk a U.S. default. Republicans want to link their approval to spending cuts, Democrats don't.
The Speaker said Sunday that he would try to negotiate with Democrats on the debt limit, even though they said it should be raised without any strings attached.
Janet H. Cho is a highly respected authority on marketing and advertising. She has worked with some of the world's biggest brands, and her insights have helped shape the way many businesses operate. Cho is also a prolific writer, and her work has been featured in many publications.
This week, tech giants Meta Platforms, Apple, Amazon and Alphabet will report earnings. Wedbush analyst Dan Ives expects tech layoffs to accelerate, digital advertising to remain under pressure, and guidance for 2023 to be conservative. However, he expects cloud and cybersecurity spending growth to remain stable.
Ives said that Apple is better positioned than most companies to weather an economic downturn, due to strong demand for the iPhone 14 Pro and the fact that 20% of users are behind on upgrades. He said that Apple will likely be more cautious in its outlook for the March quarter, and that analysts have already lowered their growth expectations.
Janet H. Cho is a highly respected authority on marketing and advertising. She has worked with some of the world's biggest brands, and her insights have helped shape the way many businesses operate. Cho is also a prolific writer, and her work has been featured in many publications.
China's stocks have soared 50% since October, as the country abandons the growth-stifling policies it put in place at the start of the Covid-19 pandemic. Officials there are now embracing efforts to get 1.4 billion consumers spending more, reversing the coronavirus lockdown policies and relaxing regulations on business. This is just the beginning of China's big comeback - and there are plenty of ways to play it. Alibaba, Yum China, and other names stand to gain from the country's continued economic growth.
Since officials eased Covid restrictions, the country's stocks have increased by 50%. Companies such as Alibaba and Yum China are expected to see significant growth as a result.
Air Force Gen. Michael Minihan has warned that the United States could be at war with China by 2025. He has urged personnel to accelerate their combat preparedness, saying that Taiwan’s 2024 presidential election could give China’s President Xi Jinping an opportunity while the United States is distracted by its own election.
Liz Moyer and Reshma Kapadia are two reporters who cover the financial markets. They have both written for The Wall Street Journal and Bloomberg News.
Oil refineries are the biggest beneficiaries of rising gasoline prices, which are up 41 cents a gallon in the past month to an average national price of $3.51. Summer driving could be pricier than many expect, though it’s unlikely to be as bad as last year, when prices hit $5 a gallon.
There is a lot of demand for refined products, and exports are up, so the market is tightening. This will only continue as we head into driving season in the spring. This means that the refinery boom will continue.
The upcoming ban on Russian oil products is expected to have a greater impact on diesel prices than the EU's recent ban on Russian seaborne oil. This is due to the tight global supply of diesel, which has caused U.S. distillate inventories (which include diesel) to fall 20% below the five-year average.
The global market is currently facing a shortage of diesel supplies. Inventories of distillates, which include diesel, in the United States are 20% below the five-year average.
Avi Salzman and Myra P. Saefong are two reporters who cover the oil and gas industry. They have both written extensively on the topic, and have a deep understanding of the industry.
BP has lowered its long-term outlook for oil and gas demand, saying that Russia’s war in Ukraine will accelerate the global shift toward renewable energy.In a report released Monday, the British oil giant said that the conflict in Ukraine will speed up the transition to cleaner forms of energy. BP noted that this is already happening in Europe, where demand for oil and gas has been declining in recent years.This is good news for the renewable energy sector, which stands to benefit from the continued shift away from fossil fuels. BP’s report is a reminder that the world is moving inexorably toward a low-carbon future.
In a report released on Monday, British oil giant BP said that Russia's war in Ukraine will speed up the global transition to renewable energy. BP noted that the conflict is likely to increase European dependence on Russian gas, which will in turn spur investment in renewable energy sources. The company predicted that renewables will make up 30% of the world's energy mix by 2035.
What’s next for big oil? Instead of being left behind in the shift toward clean energy, oil-and-gas giants are positioned to profit from it. Companies like BP and Shell are investing in low-carbon energy sources like electric-vehicle charging, hydrogen, wind, and solar power, and they should benefit from this transition.
Oil and gas giants are now positioned to profit from the transition to green energy, instead of being trampled by it.
One strategist says that European companies are being punished for their ESG investments.
Callum Keown is a freelance writer who specializes in creating compelling content for businesses. He has a knack for understanding what makes a good story and how to tell it in an engaging way. Callum's work has helped businesses of all sizes connect with their audiences and achieve their marketing goals.
If you rent your house out on Airbnb, you may be able to deduct part of your mortgage, utilities, and other bills as income taxes. However, you'll need to check with your tax advisor to see if this is possible.
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