Editor's note: Below you'll find the week 76 release of the NYC Recovery Index, originally published Feb. 16, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index experienced a huge surge forward the week ended Feb. 5, as the index shot up from a score of 73 to 81, reaching its highest […]
Read moreInflation will slow corporate profits in 2022: Economist Former Chase chief economist Anthony Chan weighs in on the inflation crisis in America. The hottest inflation in four decades is inflicting financial pain on millions of Americans, but no one has been harder hit by rising consumer prices than the lowest-income households, according to a new analysis published on Tuesday. Findings […]
Read more‘Dire’ housing market predictions coming true: Expert National Association of Home Builders CEO Jerry Howard says lumber and home building costs are due to supply chain, deregulation and inflation issues. Krystal Guerra’s Miami apartment has a tiny kitchen, cracked tiles, warped cabinets, no dishwasher and hardly any storage space. But Guerra was fine with the apartment’s shortcomings. It was all […]
Read moreLumber costs, delays add to housing market pressures National Association of Home Builders CEO Jerry Howard says the construction industry is getting “nervous” despite high demand. Like many consumers, U.S. homebuilders are feeling an inflation pinch as the industry stares down rising costs and ongoing supply chain delays. "The No. 1 problem right now is increased building material costs and […]
Read moreFOX Business Headlines 2/15 Here are your FOX Business headlines. Gas prices around the nation continue to be pushed even higher driven largely by elevated crude oil prices. Prices are already up nearly 40% compared to this time last year, according to AAA. Over the past week, prices climbed four cents to an average of $3.48 per gallon nationwide. […]
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Russia’s central bank raised its key rate by a full one percentage points on Friday as inflation continued to stay well above the target. The Board of Directors of Bank of Russia decided to lift the key interest rate to 9.50 percent from 8.50 percent. The decision came in line with expectations. Signaling further rate hikes, the bank said “the […]
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Japanese conglomerate Toshiba Corp. (TOSYY.PK,TOSBF.PK) reported Monday that its nine-month net income to shareholders increased to 114.9 billion yen from 43.6 billion yen a year ago. Earnings per share were 259.60 yen, up from 96.15 yen last year. Operating income grew to 87.6 billion yen from prior year’s 24 billion yen. EBITDA improved to 152.4 billion yen from last year’s […]
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The UK economy expanded at the fastest pace since 1941 despite the Omicron variant acting as a drag on growth towards the end of the year, data from the Office for National Statistics showed Friday. Gross domestic product grew by an estimated 7.5 percent in 2021, in contrast to the sharp 9.4 percent contraction in 2020. This was the biggest […]
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Data shows capital goods, consumer durables output shrank signalling poor investment, consumption India’s industrial recovery slowed sharply in December, with output growing just 0.4% year-on-year, and manufacturing activity contracting 0.1%, as per official estimates for the Index of Industrial Production (IIP). Electricity output grew 2.8%, while mining activity rose 2.6%. The IIP data also shows capital goods output shrank 4.6% […]
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