Recession or not, Wall Street still expects inflation to deliver record profit margins, with more to come
The layoffs are piling up. Recession fixes are on the rise. But as higher prices continue, Wall Street expects net profit margins for the companies that make up the S&P…
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Amazon begins laying off 18,000 workers in largest-ever layoffs
The Heritage Foundation’s Andy Puzder discusses Amazon’s mass layoffs and how the workforce has changed since the COVID-19 pandemic on “Fox Business Tonight.” Amazon’s workforce cuts — the largest in…
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Wealth taxes: State legislators plan to introduce bills to tax the wealthy
Comment on this story Remark Left-wing proponents of taxing the assets of American billionaires have a new goal: Instead of a federal wealth tax, state lawmakers want to tax billionaires…
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Asia-Pacific markets slide as recession fears mount, China vows to stabilize economy
Oil futures rise on hopes of demand recovery in China Oil futures rose during morning trading in Asia as optimism about China’s reopening leading to demand recovery outweighed recession fears….
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Experts reveal risk of ‘severe recession’ in Australia
An industry association has warned that it is “likely” that Australia could be hit by a “severe recession” in the coming years as the economic pain the country faces escalates….
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The Federal Reserve’s push for a “reverse wealth effect” is undermining crypto
The Federal Reserve’s strategy of raising interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the…
Read more »Call for wealth tax as number of British billionaires rise 20% since pandemic | The super rich
The number of British billionaires has increased by a fifth since the start of the Covid pandemic, according to a report calling for a progressive wealth tax to tackle rising…
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Ministers are closing in on global agreement at historic UN nature talks
MONTREAL, Dec. 18 (Reuters) – Negotiators at a UN summit to protect nature moved closer on Sunday to a new global deal that could protect 30% of the world’s land…
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December 2022 Newsletter: The World’s Money Problem
December 18, 2022 Latest Article: This newsletter outlines some of the surprisingly basic problems with the global financial system. It then examines to what extent the cryptocurrency industry has tried…
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Increasing global price pressure threatens to lead to more rate hikes
Underlying price pressures are still mounting in most major developed economies, despite the recent decline in headline inflation, suggesting that central banks will need to continue to tighten policy in…
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