Home Depot co-founder, 93, slams ‘awake’ business leaders and ‘lazy’ office workers

The 93-year-old co-founder of Home Depot has attacked the current generation of business leaders for prioritizing “wake up” issues over shareholders and employees. Bernie Marcus, valued at more than $5 billion by Bloomberg, said he was dismayed to see the world’s business leaders gather in Davos this year and call for investment in causes that … Read more

The White House is tapping Lyle Brainard and Jared Bernstein as top economic advisors

Lyle Brainard, Vice Chairman of the US Federal Reserve, before being sworn in during a ceremony in Washington, D.C. on Monday, May 23, 2022. Drago | bloomberg | Getty Images The White House is likely to appoint Fed Vice Chairman Lyle Brainard to run the National Economic Council and Jared Bernstein to lead the Council … Read more

More oil is coming

President Biden spent much of 2022 urging American and foreign energy providers to produce more oil and natural gas. He finally got his wish – though not exactly where he expected. A new analysis by consultancy Wood Mackenzie finds that worldwide fossil fuel exploration in 2022 is at the highest levels in more than a … Read more

India’s Adani companies lose $65 billion in value | Business and economic news

Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of US short-seller criticism failed to calm investors, deepening a market rout that has now led to $65 billion in losses in the group’s stock values. The Indian group led by Gautam Adani, Asia’s richest man, met with research firm Hindenburg and … Read more

The true cost of shadow work

One of the biggest economic mysteries right now is why worker productivity is so low, particularly in the United States. Some economists say it’s just a correction to the unsustainable hard work many of us have done during the Covid-19 pandemic. But there was also a decline in productivity after the Great Recession. And while … Read more

Robert Kiyosaki Says ‘We’re in a Global Recession’ – Warns of Rising Bankruptcies, Unemployment and Homelessness – Economics Bitcoin News

We’re in a global recession, says Robert Kiyosaki, the famous author of the bestselling Rich Dad Poor Dad. He warned of high rates of bankruptcy, unemployment and homelessness, and noted that there is good news for investors looking for “deals”. The last warnings of Robert Kiyosaki Rich Dad Poor Dad author Robert Kiyosaki is back … Read more