Singapore’s central bank tightened its monetary policy for the third straight time, as global inflationary pressures and tight labor market continued to exert upward pressure on inflation. The Monetary Authority of Singapore, on Thursday, decided to re-centre the mid-point of the exchange rate policy band at the prevailing level of the S$NEER. The MAS will also increase slightly the rate […]
Read moreBiden’s policies will exacerbate inflation: Andy Puzder Former CKE Restaurants CEO Andy Puzder argues the U.S. is ‘in for a tough time’ as inflation threatens an economic slowdown. Inflation continues to hit record highs under Joe Biden’s dreadful leadership. I’m not surprised. Are you? On Tuesday, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) rose a staggering […]
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US investment bank JPMorgan Chase & Co. (JPM), on Wednesday, reported a lower profit for the first quarter, largely reflecting a net credit reserve build of $902 million versus a net credit reserve release of $5.2 billion in the prior year. The company’s Q1 net income was $8.28 billion or $2.63 per share compared to $14.3 billion or $4.50 per […]
Read moreStrong job market, high inflation rate ‘tale of two economies’: Steve Moore Economist Steve Moore weighs in on the March jobs report. In January of 2021, President Donald Trump’s last month in office, inflation was running at 1.4%. The economy was in full recovery mode, but consumer prices were actually running BELOW the Fed target of 2 percent. Fast-forward to today. […]
Read moreInflation at 40-year high for fifth consecutive month FOX Business’ Cheryl Casone reports on the latest inflation data, which showed another jaw-dropping figure as the war between Russia and Ukraine sent oil and gas prices spiraling higher in March. The tightest labor market in years is fueling rapid wage gains for most workers – the only problem is that […]
Read moreBiden admin considers looking to Canada for oil Power the Future executive director Daniel Turner discusses Democrats blaming big oil for high energy prices and Biden’s talk of going to Canada for oil on ‘Fox Business Tonight.’ If Western countries implemented a "real embargo" on Russian oil and gas, then Putin's invasion of Ukraine could come to a halt in […]
Read moreBiden’s energy policies put Russia and China first, Americans last: West Virginia AG West Virginia Attorney General Patrick Morrisey argues that Biden’s ‘radical’ energy policies are harming Americans. BEIJING, April 11 – China's factory-gate and consumer prices rose faster than expected in March as Russia's invasion of Ukraine, persistent supply chain bottlenecks and production snags caused by local COVID flare-ups […]
Read moreIf you want to pay off $5,000 in credit card debt, try these strategies to help you get out of debt sooner. (iStock) Credit cards can be a valuable tool for building your credit history and earning rewards. But unexpected expenses and overspending can lead to an abundance of credit card debt. The average American owed $5,525 in credit card […]
Read moreFox Business Flash top headlines for April 7 Check out what’s clicking on Foxbusiness.com. The latest report from the Labor Department is good news for Americans. The U.S. economy brought back more than 430,000 jobs in March and the unemployment rate ticked down. However, following the pandemic, there was really nowhere to go but up. These improvements are happening in […]
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