Economy

How is the red-hot inflation hurting the common man?

 How is the red-hot inflation hurting the common man?

Inflation hits the common man hard. People are getting poorer dealing with this fastest inflation.

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Six economic factors to keep an eye on in 2022

Six economic factors to keep an eye on in 2022

Highlights  Experts are slightly less fearful of the potential impact of the pandemic on the economy, even as the new Omicron variant lurks in the background. Savings are expected to steer the economy in the coming year while inflationary ...

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US manufacturing PMI falls in December, factory activities up

US manufacturing PMI falls in December, factory activities up

Highlights The US manufacturing purchasing managers index (PMI) was 57.7 in December, lower than the previous month. The total construction spending rose 0.4% in November. President Biden was scheduled to interact with farmers, ranchers, and i...

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Would inflation take a breather in 2022?

Would inflation take a breather in 2022?

  • December 30, 2021 11:45 PM PST | Aayush

The COVID-19 pandemic has battered economies in many ways, loss of jobs and lives, the wreckage of the global supply chain, disrupted business conditions, etc. In order to get back on track and recover from battered economies, central banks across ...

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Finance sector leads job recovery for Aussies

Finance sector leads job recovery for Aussies

Highlights  The last two years have changed the way economic sectors create jobs in Australia. While manufacturing jobs have fallen, finance, and health sectors have emerged as top job creators. The employment scenario in Australia se...

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Will the Omicron variant derail Australia’s labour market recovery?

Will the Omicron variant derail Australia’s labour market recovery?

Highlights  The labour market seems to be ending the year on a positive note as overall employment reaches a record high and payroll jobs inch up. As per the RBA, the behaviour of wages remains largely unpredictable. The Australian Chambe...

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Test of Nerves: Manchin’s comments wreak havoc on markets

Test of Nerves: Manchin’s comments wreak havoc on markets

Highlights The Democratic senator on Sunday voiced concern over the decades-high inflation in the country and the compounding impact of the spending bill on the economy. The comments did not help allay the markets waning confidence over the ris...

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World Inequality Report 2022

World Inequality Report 2022

We are residing in the hyper-capitalist world. Here, who earns more, owns more assets; and thus, lives a more comfortable life. We as a society have collectively chosen this kind of living, discarded the barter system and now sustained on the legal...

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4 financial moves to make before the year ends

4 financial moves to make before the year ends

  • December 17, 2021 05:00 AM PST | Ashish

Highlights  At the end of a year, people generally review their financial performance of the past 12 months. They do so to learn from their mistakes and enter the new year in the best possible financial position. They also want to take th...

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Apple becomes world's first $3 trillion market cap company

Apple becomes world's first $3 trillion market cap company

Apple crossed the market capitalization of US$3 trillion Tuesday, December 14, after an astonishing run over the past decade, marking itself as the world's most valuable company. The iPhone manufacturer hit US$3 trillion from US$2 trillion in market...

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When will RBA raise interest rates? Here's what Westpac says

When will RBA raise interest rates? Here's what Westpac says

  • December 06, 2021 05:20 PM PST | Ashish

Highlights Analysts expect the RBA’s meeting on Tuesday to be a non-event. The RBA may maintain status quo on rates for some more time before moving from the record low of 0.1%. It also expects the rising housing prices to come down afte...

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