Americans lament the state of their 401K plans as stock market plunges

Americans are expressing concerns about their pension funds as blue-chip stocks continue to crash and fears of an upcoming recession intensify. Analysis published Thursday showed that — so far this year, the benchmark S&P 500 stock index is down 18 percent. Which led to the elimination of $ 7 trillion from the market value of … Read more

Asian stocks mixed, China gains ahead of US price data | Health, medicine and fitness

By ELAINE KURTENBACH – AP أعمال Business Writer Stocks in Asia were mixed on Wednesday as Chinese indexes pressed higher after a rally in technology companies helped reverse most of the early slide on Wall Street. Hong Kong’s Hang Seng rose 1.7% to 19967.25 and the Shanghai Composite rose 1.5% to 3,082.50. This came after … Read more

The April CPI report is expected to show that inflation has already peaked

Shoppers inside a grocery store in San Francisco, California, United States, on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images The April CPI report is expected to show that inflation has already peaked – a development that some investors say could calm markets temporarily. But economists say, even with the deferral … Read more

Financial system doing well despite ‘volatility’ stresses

U.S. Treasury Secretary Janet Yellen testifies during a hearing before the Senate Banking, Housing, and Urban Affairs Committee on Capitol Hill on November 30, 2021 in Washington, DC. Alex Wong | Getty Images Chancellor of the Exchequer Janet Yellen The US financial system is believed to be in good shape, but Russia’s invasion of Ukraine … Read more

The idea that the stock market is not the economy does not exist anymore

A Wall Street subway station near the New York Stock Exchange (NYSE) in New York, Monday, January 3, 2022. Michael Nagel | Bloomberg | Getty Images The stock market may not literally be the economy, but the distinction between the two is getting increasingly difficult. With household share ownership rising to new heights and the … Read more

Economic Stimulus Actions – US Outlook

April jobs numbers released. Last month the US economy created about 428,000 net new jobsThe unemployment rate stood at 3.6%. It is weaker than last year’s reports, though still stronger than most reports from the Obama or Trump administration. More importantly, said Skanda Amarnath, CEO of Employ America, pointing towe have reached a very important … Read more

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

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

Decreased immigrant employment in the US contribute to higher prices | Health, medicine and fitness

By Nicholas Ricciardi – The Associated Press Just 10 miles from the Rio Grande, Mike Healy’s farm is so lacking in migrant workers that he’s replaced 450 acres of labor-intensive leafy greens with machine-harvested crops. In Houston, Al Flores increased the price of its grill restaurant’s brisket because the cost of the chops doubled because … Read more

For Biden’s ratings to go up, it’s clear what needs to go down

US President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room of the White House in Washington, US, May 4, 2022. Evelyn Hochstein | Reuters Now fewer small business owners than last year approve of Joe Biden’s job as president. In fact, small business owners are twice as likely … Read more