More and more Americans today expect the economy to fall into recession this year. A recession would not be surprising as the economy has been in headwinds for some time and has been on the verge of recession for a year or more. Many Americans have already prepared for a possible recession, but many more …
Mark Davis/Getty Images Paramount Global has been hit by a credit rating downgrade from S&P Global Ratings over rising content and platform investment costs to generate profits in a competitive streaming space. The research firm cut the Hollywood studio’s rating to ‘BBB-‘ from ‘BBB’ due to concerns over its debt load with a stable outlook. …
Paramount Global Receives Credit Rating Downgrade at S&P Global – The Hollywood Reporter Read More »
A ‘hard landing’ for the US economy is still on the cards as trends suggest it is not out of the woods yet, says an ECRI forecaster. MJgraphics/Shutterstock A ‘hard landing’ for the US economy is still on the cards as leading indicators suggest it is not out of the woods yet, says an ECRI …
‘Hard landing’ remains a risk for US economy, stocks face ‘tough’ Read More »
US jobless claims rose last week but remain at a historic low despite the Federal Reserve’s efforts to cool the economy and labor market in the fight against inflation By MATT OTT AP Business Writer 30 March 2023 at 8:40 a.m. ET • 3 min read US jobless claims rose last week but remain at …
More Americans File Unemployment Claims; layoffs remain low Read More »
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits rose moderately last week, showing no signs yet that tight credit conditions had a significant impact on the labor market, which remains tight. Initial claims for state jobless benefits rose by 7,000 to a seasonally adjusted 198,000 for the week ended March …
Weekly US jobless claims rise moderately; fourth quarter GDP trimmed Read More »
How Big Tech companies handle user data has been controversial for some time. Meta, Apple, Google and Microsoft are often accused of collecting and selling their users’ personal data. However, where exactly this data goes and how much of it is given to companies and governments is unclear. However, a new study by Surfshark reveals …
Public requests for user data from Big Tech increased by 25%: Report Read More »
While ING declined to comment on rate expectations, Roy Morgan said an increase in the cash rate by a further 0.25 percentage point in April and May would leave 28.8 per cent and 31 per cent of mortgage holders respectively “at risk” of stress. The cash interest rate is 3.6 per cent. Roy Morgan chief …
ING lowers the longest fixed interest rates ahead of the RBA Read More »
LONDON, March 29 (Reuters) – Default-hit Zambia released figures on Wednesday showing its total public debt rose to $32.8 billion, including interest arrears at the end of last year, of which 18, $6 billion was external. At the end of June 2022, its total debt including interest arrears was US$32.5 billion, with US$17.5 billion external. …
– Agencies Another good news for Pakistani companies after FATF. Development is likely to benefit Pakistani entities and individuals in the EU. Pakistan was included in the “List of High Risk Countries” in October 2018. KARACHI: The European Union (EU) has removed Pakistan from “List of high-risk third countries” under which Pakistani companies and individuals …
EU removes Pakistan from ‘list of high-risk third countries’ Read More »
Treasurer Jim Chalmers says inflation remains “unacceptably” high as he awaits a report to recommend major changes to Reserve Bank for the first time in decades. The report is set to suggest that interest rates should be set by financial specialists rather than the board, while there would also be fewer rate-setting meetings and regular …
Reserve Bank faces major shake-up and report goes to Treasurer Read More »
