Saudi Arabia to Announce Billions to Ease Inflation Burden
Saudi Arabia on Monday announced it was providing 20 billion riyal (US$5.3 billion) directly to citizens in a bid to mitigate the impacts of inflation...
Fed Will Soon Return to Money Printing to Avert Government Default, Says Analyst
For all the talk about combating inflation, the Federal Reserve is likely to reverse course and continue to print substantial amounts of money because doing...
‘Remarkable Drop’ in Demand for Goods and Services as Recession Fears Mount in America: S&P Economist
The demand for goods and services in the U.S. economy has suffered in recent weeks, S&P economist Chris Williamson said while raising concerns about the...
Inflation Is Causing More Americans to Be Nervous About Their Savings
Rapidly rising high inflation rates are causing Americans to feel insecure about dipping into their emergency savings, according to a June 23 survey from Bankrate.com. The...
4 Million Americans Priced Out as Home Rents Rise Significantly, Home Loan Qualifications ‘Skyrocket’
As costs of home ownership rise, millions of Americans have been pushed out of the housing market, according to Harvard University’s annual State of the...
Bank Runs Across China Trigger Complaints About Obtaining Cash
After nearly one million Chinese people were unable to access their bank deposits in central China’s Henan province earlier this year, residents in east China’s Shanghai,...
‘Next Stage’ of Inflation Is Coming, Economist Says
Americans hammered by rising inflation should brace for the economy to become even more precarious, an economist has warned. Inflation comes in several stages, and...
Estimated Monthly Car Payments Hit All-Time High of $712 Amid Rising Interest Rates, Low Inventory
The monthly payments made by people who have purchased a new vehicle hit a record high in May, according to the Cox Automotive/Moody’s Analytics Vehicle...
The Age of Arrogance
News Analysis There are three great questions roiling public life today. First, why did they (meaning the elites in charge of our lives) not see...
US Economy Has ‘Decent Chance’ of Avoiding Recession but Things ‘Could Go Bad’: Bernanke
Federal Reserve officials have a “decent chance” of avoiding a recession in the United States with a “soft landing,” former Federal Reserve Chair Ben Bernanke...