Amazon’s Bezos criticizes Biden admin, says inflation hurts the poor

Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City. Michael M. Santiago | Getty Images News | Getty Images Amazon founder Jeff Bezos tweeted on Sunday that inflation is most hurtful to the least affluent in the … Read more

High inflation points to bigger Social Security COLA in 2023

Joe Raedle | Getty Images News | Getty Images Social Security beneficiaries could see another record cost-of-living adjustment in 2023, based on the latest government data showing persistent high inflation. But that increase may not be enough to pare the loss in buying power recipients have experienced over the years, according to a new analysis … Read more

Why the UK economy is one of the most vulnerable right now

George Clerk | E + | Getty Images There’s an economic idiosyncrasy in the UK that makes it “one of the most vulnerable countries in the world right now,” according to an investment strategist. Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for Britain is that its mortgage market is … Read more

Less immigrant labor in US contributing to price hikes

Just 10 miles from the Rio Grande, Mike Helle’s farm is so short of immigrant workers that he replaced 450 acres of labor-intensive leafy greens with crops that can be harvested by machinery. In Houston, Al Flores increased the price of his BBQ restaurant’s brisket plate because the cost of the cut doubled due to … Read more

Your cash savings may get a higher return but only at certain banks

Guido Mieth | DigitalVision | Getty Images Banks are starting to pay a higher return on your cash – good news for savers who’ve seen their stockpiles languishing from a gruesome combination of low interest rates and high inflation. However, some banks are moving faster than others. Some, particularly traditional brick-and-mortar shops, may not budge … Read more

Asian stocks follow Wall St down as rate hike worries grow

Asian stocks have followed Wall Street lower as fears spread that US interest rate hikes to fight inflation might stall economic growth Town JOE McDONALD AP Business Writer May 6, 2022, 4:34 AM • 3 min read Share to FacebookShare to TwitterEmail this article BEIJING – Asian stocks followed Wall Street lower Friday as fears … Read more

British pound plummets as Bank of England warns of recession risk

In this photo illustration a novelty Bitcoin token is photographed on £ 10 notes. Matt Cardy | Getty Images The British pound on Thursday was set for its largest daily drop since the onset of the coronavirus pandemic, after the Bank of England warned of a sharp growth slowdown in the UK economy. Sterling hit … Read more

Huge dip in sales may mean the downturn of Toronto’s housing market has started

With prices now at ridiculous highs hardly anyone can afford and lending interest rates on the rise, real estate experts have been predicting a cool-down for Toronto’s red-hot housing market – and based on the latest numbers, it may have already begun. The Toronto Regional Real Estate Board’s latest report for April shows that the … Read more

New discounted ‘pocket’ flats tower on market in Croydon

A batch of new discounted “pocket” flats in a Croydon tower block are set to go on the market aimed exclusively at London’s first-time buyers The 21-storey building on Addiscombe Grove, near East Croydon station, includes 30 apartments priced at a 20 per cent discount to the local market, with prices starting at £ 260,000. … Read more

New discounted ‘pocket’ flats tower on market in Croydon

A batch of new discounted “pocket” flats in a Croydon tower block are set to go on the market aimed exclusively at London’s first-time buyers The 21-storey building on Addiscombe Grove, near East Croydon station, includes 30 apartments priced at a 20 per cent discount to the local market, with prices starting at £ 260,000. … Read more