Economy - Finance > Company
$2,245.62 a second: Enormous profit for oil companies on record gas prices
12 days ago | By Stl Today
Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities.
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Inflation hits record 8.9% in euro area, but economy grows
12 days ago | By Chron
LONDON - Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia's war in Ukraine, but the economy managed better-than-expected, if meager, growth in the second quarter.
Annual inflation in the eurozone's 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to numbers published Friday by the European Union statistics agency.
For months, inflation has been running at its highest levels since 1997, when record-keeping for the euro began, leading the European Central Bank to raise...
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Exxon and Chevron Report Record Profits on High Oil Prices
12 days ago | By NY Times
The energy industry's windfall has followed a spike in prices, resulting mostly from Russia's invasion of Ukraine, and a global economy rebounding from the coronavirus pandemic.
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China's IPO market raised $58 billion this year, far outpacing traditional IPO hubs. But its economy faces major headwinds ahead, which could dampen investor sentiment. Read more ...
Early Look at 2023 Cost-Of-Living Adjustments and Maximum Contribution Base
The BLS reported this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers increased 9.1 percent over the last 12 months to an index level of 292.219... Read more ...
What does the future look like for e-commerce aggregators?
David Wright Contributor Share on Twitter David Wright is the co-founder and CEO of Pattern , an e-commerce acceleration platform. The world of e-commerce isn't slowing down... Read more ...
Homebuyers Hit Brakes in July, Sellers Hold Back
Today, in the Calculated Risk Real Estate Newsletter: Homebuyers Hit Brakes in July, Sellers Hold Back A brief excerpt: The big story for July existing home sales is the sharp... Read more ...
The easing of inflation pressures is giving the economy some breathing room...
If inflation has been the biggest threat to U.S. economic growth, then July's data should provide signs that there's at least some relief in the pipeline. Read more ...
Execs at Citi, Schneider Electric, and IBM want bankers, electricians, and...
Panelists for Insider's "Equipping Generations to Make a Sustainable Future Possible" event Insider The transition to a greener economy could create millions of new jobs and... Read more ...
Bitcoin bull Mike Novogratz says crypto's forced deleveraging is over and...
Mike Novogratz, CEO of Galaxy Investment Partners, speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. Marco... Read more ...
Halted shipments of Russian oil resume to Slovakia
Slovakia's economy minister says oil shipments from Russia through a critical pipeline to several European countries have resumed after a problem over payments for transit was... Read more ...
‘The economy is deteriorating': German finance minister paints dark picture...
An energy crunch and rising inflation are set to make life more difficult for residents of Europe's largest economy. Read more ...
Younger consumers, especially Gen Z, are getting squeezed the most by...
A "For Rent" sign outside of a house. ejs9/Getty Images Younger consumers are being squeezed the most by surging rent rates, Bank of America said. Rent payment for Gen Z was up... Read more ...