May 30, 2024
Economy

Doomsday CEO who correctly predicted the retail apocalypse issues another stark warning about the U.S. economy: ‘Ready to crack’

The fault lines of the US economy are ‘about ready to crack’ – that is the stark warning from one of the America’s top CEOs Bob Nardelli. The former boss of Home Depot and Chrysler says the Biden administration’s policy missteps could create significant challenges for the next president. ‘What I’ve seen over the past

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Economy

The US Economy Won’t Be Immune to High Rates Forever

(Bloomberg Opinion) — In spite of the highest Federal Reserve policy rates in two decades, the US economy grew about 2.5% last year, unemployment remains low and stocks are near all-time highs, leading many observers to conclude that the economy must have become less interest-rate sensitive — and probably needs permanently high benchmark rates to

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Economy

From the economy to immigration: The key issues the election will be fought over | Politics News

After months of speculation, Rishi Sunak has finally named the date of a general election many expect him to lose. Over the next six weeks, he and Labour leader Sir Keir Starmer will battle over key issues in order to prove to the country they are fit to lead the nation through a period of

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Economy

The Need to Create Green Lights in the Green Economy

Higher education institutions are poised and well-positioned to illuminate pathways for people seeking to thrive within the green economy. By leveraging their resources, expertise, and networks, these institutions can play a pivotal role in nurturing talent and fostering the development of “green lights.” I define a “green light” in this piece as the convergence of

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Economy

Home Purchase Applications Fall on Uptick in Mortgage Rates

Cleveland Fed Taps Goldman Partner As New President 35 minutes ago A partner at Goldman Sachs will serve as the next president of the Cleveland Federal Reserve Bank, replacing President Loretta Mester, whose term expires on June 30. Beth Hammack, who was most recently the co-head of global financing at Goldman, will oversee the Fourth

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Economy

NTIA Scotland to host crucial event on Night Time Economy in Glasgow

The Night Time Industries Association (NTIA) Scotland has announced that is will be holding an event in Glasgow on Friday, 31st May, to address the pressing issues and future developments within the Night Time Economy (NTE). It will be hosted by Michael Kill, Chief Executive Officer of NTIA, who has extensive experience in the night

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Economy

Riverse Receives ICROA Endorsement For Its Circular Economy Certification Standard

Riverse – a French carbon credit certification standard and platform – has become only the 12th independent organization to receive a global ICROA accreditation and the first that is dedicated to circular economy projects. The company has been developing its own Riverse Standard with a dedicated in-house science team and this approach has allowed it

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Economy

Consumers Embrace ‘Buy Now, Pay Later’ Trend; Affirm CEO Optimistic About Economy

Consumers Embrace ‘Buy Now, Pay Later’ Trend; Affirm CEO Optimistic About Economy Max Levchin, CEO of Affirm Holdings Inc. (NASDAQ:AFRM), asserts that the economy shows signs of resilience, contrary to popular belief. Consumers are not shying away from spending and are leveraging flexible payment options like Buy Now, Pay Later (BNPL). “The economy is in

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Economy

Scottish economy returns to growth

Scotland’s economy grew by 0.7% in the first three months of this year, after contracting at the end of 2023. Deputy First Minister and Economy Secretary Kate Forbes welcomed the return to growth, “despite the challenging global economic conditions we continue to face”. Her comments came after the latest figures from the Scottish Government showed

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Economy

India may be heading for a 50-degree-Celsius economy. Is it ready?

Temperatures breaching 50 degree Celsius in a number of places in Delhi on Wednesday is unlikely to be a freak occurrence. Climate change means temperatures will be higher more often than they have been across the relatively more populous and less rich states of northern India. The fallout will reverberate across the whole country. Temperatures

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