Prospective first home buyers’ relief in seeing property prices fall could be short-lived as higher interest rates reduce the amount they can borrow and the gap between what they can afford and house prices widens. Canstar analysis shows that before last week’s 0.25 percentage point increase in the cash rate to 0.35 per cent, a first-home buying couple with incomes […]
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Eurozone’s investor confidence declined to a near two-year low in May as early indicators suggest that the currency-bloc is moving towards recession following the war in Ukraine, results of a closely-watched survey showed Monday. The investor confidence index dropped more-than-expected to -22.6 in May from -18.0 in April, the behavioral research institute Sentix said. The score was forecast fall to […]
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The following are some of the companies belonging to the healthcare sector that reported quarterly earnings and provided an update on their pipeline progress on Monday. 1. Adaptimmune Therapeutics plc (ADAP) is planning to seek FDA approval for its lead product candidate Afami-cel, being developed for the treatment of synovial sarcoma, in the fourth quarter. Pooled data from Cohort 1 […]
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China’s exports growth eased sharply in April largely due to the coronavirus-related disruptions, the weak demand from Russia following the war in Ukraine and the fall in demand for pandemic-linked goods. Exports grew only 3.9 percent on a yearly basis in April, much slower than the 14.7 percent increase seen in March, data from the General Administration of Customs showed […]
Read moreInflation is ‘killing’ the consumer: Expert Kaltbaum Capital Management Gary Kaltbaum discusses the markets, Federal Reserve and inflation. With inflation at the highest level in 40 years and the Federal Reserve taking increasingly aggressive action to cool consumer demand and prices, the risk of a global recession is on the rise, according to Morgan Stanley economists. In a Monday analyst […]
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Many economists say the United States faces a recession, due primarily to inflation. However, inflation may last well over a year, and the millions of jobs that are unfilled today could disappear in months, pushing unemployment higher. While inflation may be the primary catalyst of an economic drop, there are other factors. One, which is partially related, is that the […]
Read moreCampbell warns of ‘troubled times’ ahead for the economy as supply chain issues, Ukraine war pose challenges Kroll Institute chief strategist Chris Campbell discusses the global threats that could impact the U.S. economy. Chief strategist Chris Campbell of the Kroll Institute provided insight on global threats that could impact the country's economy, arguing the economy could see "some really troubled […]
Read moreBiden tries to ‘blame business’ for his greediness: US Chamber of Commerce CEO U.S. Chamber of Commerce president and CEO Suzanne Clark says expansion government spending and raising taxes comes at exactly the wrong time. Speaking from the Milken Institute Global Conference in Los Angeles, U.S. Chamber of Commerce president and CEO Suzanne Clark called out President Biden for putting […]
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Eurozone manufacturing activity grew at the slowest pace in more than a year in April amid sustained supply-side pressures and disruptions to demand and production due to the ongoing war in Ukraine, survey data from S&P Global showed on Monday. The final manufacturing Purchasing Managers’ Index fell to a 15-month low of 55.5 in April from 56.5 in the previous […]
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