The Austrian Business Cycle Theory
Imagine the economy as a roller coaster—a ride with thrilling booms that must be followed by the inevitable dread of busts, at least if the booms are artificially enhanced. Welcome to the Austrian business cycle theory (ABCT), a theory that translates these physical rules to economic ideas and explains the volatile ups and downs of an […]
UK inflation expected to have slowed further in April – business live | Business
important events UK inflation slows to 2.3% UK inflation fell to an annual rate of 2.3% from 3.2% in March. Economists had expected a slightly bigger slowdown to 2.1%. For the 12 months ending April 2024: The consumer price index (CPI) rose 2.3%, down from 3.2% in the 12 months to March. The consumer price […]
Survey reveals how female small business owners measure success
One in four female small business owners have taken a pay cut in the past year, according to new research. The survey of 1,000 women small business owners explored how their experiences have changed over the past year and found that the economic downturn has forced a quarter of these owners to cut their own […]
Blinken Defends Condolences for Iranian President Raisi: ‘Normal Course of Business’
Secretary of State Antony Blinken told the Senate Foreign Relations Committee on Tuesday that it was “business as usual” to express condolences to Iran over the death of President Ebrahim Raisi in a helicopter crash on Sunday. The State Department issued a statement of condolence but did not mention Raisi’s brutal legacy, including the execution […]
Prosecution Rests in Donald Trump Business Records Trial
Democratic Manhattan District Attorney Alvin Bragg and his prosecution team adjourned the case against former President Donald Trump on Monday afternoon, signaling that the end of the six-week trial is rapidly approaching. The defense may call more witnesses or have Trump take the stand, but the former president has not yet ruled out that possibility. […]
Michael Cohen Stealing from Trump ‘More Serious of a Crime Than Falsifying Business Records’
CNN senior legal analyst Ellie Honig said Monday about the station’s coverage of former President Donald Trump’s business records trial, in which witness Michael Cohen admitted to stealing money from Trump’s organization. He said it was a more serious crime than what Trump is being charged with. “The way this issue was directly addressed and […]
Inflation, Federal Reserve, NABE | Fox Business
Kevin O’Leary, Chairman of O’Leary Ventures, discusses the outlook for the U.S. economy and stock market on “Kudlow.” Inflation is likely to remain above desired levels for the remainder of this year, according to a new study by top US economists. “With rising inflation expectations, panelists now expect the Federal Reserve’s Open Market Committee to […]
What cracked Red Lobster? | Fox Business
Inflation is falling, but food is still expensive to buy. According to the Bureau of Labor Statistics, food prices have risen 21% over the past three years, outpacing the overall inflation rate of 18% over the same period. Economic crisis hits Seafood restaurant chain “Red Lobster” The chain’s never-ending shrimp sales were partly to blame, […]
The West, or China? Serbia is courting all sides with its lithium business
The United States and China are in an escalating trade war over supplies of lithium, which is critical to the booming global electric vehicle business. Serbia is playing one team against the other and trying to benefit from both. Serbia has Europe’s largest lithium deposits, with the potential to become a $6.5 billion annual industry. […]
Arizona Business Community Weighs In On Likely Border Ballot Referral
Some Arizona business groups have voiced views on the “Secure the Border Act” as Gov. Katie Hobbs and other Democrats have said it poses a risk to the state economy. House Concurrent Resolution 2060 is expected to make it onto the ballot after Republicans in the state House and Senate are planning to vote in […]