Biden admits that the US economy suffers from “problems” and warns of “distances”

President Biden acknowledged Monday that the US economy is in “problems” and that it will be a “burden” before Americans see full relief from inflation and price hikes. During a press conference in Japan the following His meeting with Prime Minister Fumio KishidaBiden insisted he does not believe a recession is inevitable, noting that Major … Read more

Bear market raises fears of recession

concerns about a Recession On the rise like the stock market stumble In some hairy areas. On Friday, the S&P 500 briefly entered a bearish trend Market Zone, a term meaning that the index has fallen at least 20% from its recent high. After recovering slightly on Friday afternoon, the S&P 500 is down less … Read more

Biden hails gas prices as part of ‘amazing transformation’

As far as ever, President Biden celebrated a record hike in gas prices on Monday, noting that the pump pain was part of an “amazing transition” for the US economy away from fossil fuels. “[When] It comes to gas prices, we are going through an amazing transformation that will happen, God willing, when it ends, … Read more

Americans focus more on saving as costs rise

Chicago (News NationAmericans’ lives have radically changed in response to rampant inflation, according to a new newspaper The NewsNation/Decision Desk HQ survey was published on Monday. Across the country, consumers are cutting back on dining and entertainment but also on essentials including groceries and petrol. Nearly half of those surveyed said they are worse off … Read more

World has wheat supply for 10 weeks, expert tells UN Security Council: ‘This is seismic’

Article – Commodity NOVOVORONTSOVA, UKRAINE – MAY 6: Wheat is stacked in a granary that was bombed earlier by Russian forces on May 6, 2022 near the front lines in Kherson Oblast in Novovorontsovka, Ukraine. (Photo by John Moore/Getty Images) New York – An expert on food insecurity told United nations Security Council this week. … Read more

Can renewable energy help close the energy gap in India’s hot summer? | Business and Economics News

New Delhi, India – As temperatures soar above 40 degrees Celsius in the village of Hasanganj in the northern Indian state of Uttar Pradesh, a nearly 14-hour power outage in the area means bananas sold by Ramesh, a one-name fruit seller, rot faster than normal with no fans to keep it cool. With sales plummeting, … Read more

World has wheat supply for 10 weeks, expert tells UN Security Council: ‘This is seismic’

Article – Commodity NOVOVORONTSOVA, UKRAINE – MAY 6: Wheat is stacked in a granary that was bombed earlier by Russian forces on May 6, 2022 near the front lines in Kherson Oblast in Novovorontsovka, Ukraine. (Photo by John Moore/Getty Images) New York – An expert on food insecurity told United nations Security Council this week. … Read more

Wells Fargo conducted ‘mock interviews’ to pretend diversity efforts, employees claim

Wells Fargo sShe conducted external interviews with women and people of color to score Diversity Efforts in that Employment practices Although the positions were already offered to other candidates, several employees claimed. The banking company has a long-standing, informal policy of employers interviewing “diverse” candidates, whom the company identifies as women or people of colour, … Read more

Investor Day Ban 2022 Talks About Bitcoin

Block’s overarching goal is to advance global economic empowerment, and Bitcoin plays a central role in that mission, CEOs said during the company’s first investor day since 2017 on Wednesday. Amrita Ahuja, lead in finance at Block, said during the online event after a statement that the company has “believed that Bitcoin will have a … Read more

The European Union gives companies the green light to buy gas from Russia | Oil and gas news

European companies began moving forward to comply with Russian demands and keep gas flowing. by Ewa Krukowska and Alberto NardelliBloomberg Posted on May 16, 2022May 16 2022 The European Union has said companies can continue to buy gas without violating sanctions, as it softened its stance in a standoff with Moscow over energy supplies. A … Read more