Authored by Michael Snyder via The Economic Collapse blog, Inflation is going down! Let’s all celebrate! We all knew that when the Federal Reserve began aggressively hiking interest rates it would have an impact on […]
BlackRock is the latest Wall Street firm feeling the heat of an ugly 2022 and a significantly slower pace of dealmaking heading into 2023. As a result the firm, like many Wall Street firms we […]
EconomyBanks Staff at Goldman Sachs are bracing for news on whether they will keep their jobs, as the United States investment bank begins a sweeping cost-cutting drive that could see its 49,000-strong global workforce shrink […]
Friday’s trading day action encompassed the whole week’s moves with stocks surging from their lows of the week to their highs after weak wage growth (‘bad’ news is good news for inflation hawks) and then […]
In the United States, public support for labour organising has risen to its highest level in decades. A Gallup poll in 2022 found that 71 percent of people in the US approve of labour unions, […]
The number of Americans filing for jobless claims for the first rose last week from 216k to 225k (in line with exp), with the non-seaonally-adjusted pace of initial claims trending notably higher… We do […]
The UK is in the midst of a year-long recession that could prove to be worse than that experienced in the early 90s. High inflation and a tight labour market will force the Bank of […]
The number of Americans filing new claims for jobless benefits increased moderately last week, pointing to a still-tight and strong labour market despite growing fears of a recession as the United States Federal Reserve fights […]
The United States Senate has passed a bill forcing railroad unions to accept a deal that would increase wages to avoid a nationwide strike that was anticipated to have devastating economic effects. The legislation was […]
EconomyLabour Rights South Korea’s government has taken the unprecedented step of invoking tough strike-busting laws to end a six-day stoppage by truck drivers that it says is hurting the economy. President Yoon Suk-yeol presided over […]
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