economy

Here's what top US CEOs are saying about a possible recession in 2023

Here’s what top US CEOs are saying about a possible recession in 2023

General Motors CEO Mary Barra speaks during a visit by the President to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and the prospect of a recession looms, corporate America is bracing for a slowdown in consumer …

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The breakdown | The professional success story of the Champions Cup eroded by the market economy

Jhe Heineken Cup has been universally recognized for years as the great achievement of the professional era. It’s exactly the same age, the first match played on Halloween in 1995, on a Tuesday evening, on the shores of the Black Sea, when Toulouse beat the Romanian Farul Constanta 54-10 in front of two men and …

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OnePlus co-founder Carl Pei's new startup wants to launch a smartphone in the US to take on Apple

OnePlus co-founder Carl Pei’s new startup wants to launch a smartphone in the US to take on Apple

The telephone of nothing (1). Nothing UK-based consumer tech company Nothing is looking to the US, with ambitions to take Apples iPhone. The startup, the hardware company of Carl Pei – co-founder of Chinese mobile phone maker OnePlus – is in talks with US carriers about launching a new smartphone in the US, Pei told …

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Sunak government ‘backtracking’ on green economy, CBI says

Rishi Sunak’s government is ‘backtracking’ on building a greener economy and has no growth plan to soften the blow of the recession, the head of the UK’s top business lobby group says United. Tony Danker, chief executive of the Confederation of British Industry (CBI), said the Prime Minister’s lack of ambition for the low-carbon economy …

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America's ticking time bomb: $66 trillion in debt that could bring down the economy

America’s ticking time bomb: $66 trillion in debt that could bring down the economy

Wake up, America. That ticking you hear is the US debt time bomb that with each passing day is about to explode and crash the US economy. Businesses, consumers, and especially federal and state governments have become addicted to red ink as if it were crack. Two factors fueled this borrowing frenzy: an era of …

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Reviews |  Biden is right to be cautiously optimistic about the economy

Reviews | Biden is right to be cautiously optimistic about the economy

Comment this story Comment President Biden still faces the threat of a recession. He has no assurance that Republicans will refrain from forcing the US Treasury to default on debt over the next two years. For now, however, he can take comfort in a recent string of good economic news. Most important was the dog …

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Factory orders from China down 40% in relentless slump in demand

Factory orders from China down 40% in relentless slump in demand

Aerial view of containers stacked at Qinzhou Port on August 15, 2022 in Qinzhou, China’s Guangxi Zhuang Autonomous Region. China News Service | Getty Images U.S. logistics officials are bracing for delays in the delivery of goods from China in early January due to canceled container ship departures and export transfers by ocean carriers. Carriers …

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There's Bad News About the Big Social Security Rise of 2023

There’s Bad News About the Big Social Security Rise of 2023

(Christy Biber) Social Security retirees will get a huge increase in benefits in 2023. Their monthly checks will increase by 8.7%. This increase in benefits is the largest annual increase in pension payments in the past four decades. Seniors may be delighted to see their payments increase so much. But there’s some really bad news …

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On social security and the return to work?  Prepare for that unwanted surprise

On social security and the return to work? Prepare for that unwanted surprise

(Maurie Backman) If you’re a retiree struggling to make ends meet in the face of inflation, you’re definitely in good company. The cost of living has skyrocketed over the past year and although inflation is showing signs of easing, much progress still needs to be made before people see any noticeable relief. You might especially …

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Gen Zers Are Going Into Debt, Roommates And Taking On More Jobs As Their Economy Worsens

Gen Zers Are Going Into Debt, Roommates And Taking On More Jobs As Their Economy Worsens

Gen Zers are taking on credit card debt — and missing payments — at an increasing rate. We spoke with three of them about the financial difficulties they are facing. Student debt, inflation and housing costs continue to be obstacles as a recession looms. Loading Something is loading. Thank you for your registration! Access your …

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