Brewers budget battle
Gov. Evers proposing $290 million from state surplus
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MoneyWise'The most chilling metric of all': Mike Rowe warns that 7 million American men are 'done' looking for work and have 'punched out' — why that's a serious problem
It’s taking a toll on multiple industries.
- WOFL
Disney to layoff thousands: report
After announcing a plan to slash nearly 7,000 jobs, Disney is reportedly instructing managers to propose budget cuts and put together lists of employees to be laid off in the coming weeks.
- Business Insider
Brace for a 'crash landing' as the US economy barrels toward recession, top economist David Rosenberg warns
The Philly Fed's monthly manufacturing survey - a proven recession indicator - is sounding the alarm on a severe downturn, Rosenberg said.
- Business Insider
The most accurate sign of a coming recession is not what you think it is - and it's on the verge of flashing
"While the inversion says trouble is coming in the medium term, the un-inversion says trouble is coming within a year," Brad McMillan said.
- Barrons.com
The Fed Gets a Dose of Its Own Medicine. Rate Hikes Have Dried Up Its Income Stream.
The Federal Reserve used to send billions in remittances to the Treasury. Interest-rate increases have rapidly changed that, Allan Sloan writes.
- MarketWatch
‘Someone needs to tell Jerome Powell that this is not a kill-at-all-costs mission.’ Cut interest rates now to prevent a full-blown banking crisis.
A rate cut won't end the war on inflation. It just pauses the battle -- if the Fed has the guts to do it, writes Chuck Jaffe.
- GOBankingRates
Social Security: 20% Cuts to Your Payments May Come Sooner Than Expected
In more alarming news about the state of Social Security, some experts are warning that up to 20% in payment cuts could be coming as early as 2032, per CNN, unless Congress intervenes with measures to...
- AFP
EU hammers out 2-bn-euro ammunition plan for Ukraine
European Union ministers on Monday will look to sign off on a 2-billion-euro plan to raid their stockpiles and jointly purchase desperately needed artillery shells for Ukraine. The first part of the plan involves committing a further one billion euros ($1.06 billion) of shared funding to try to get EU states to tap their already stretched stocks for ammunition that can be sent quickly.
- NBC News
Shrinking savings and rising debt leave consumers on shaky financial footing
U.S. households have been whittling down their savings and taking on increasing amounts of debt, putting many in a weaker position to weather economic downturn.
- Reuters
As economy worsens, Lebanese juggle dizzying rates for devalued pound
When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiralling costs of goods now priced at volatile exchange rates that vary by store and sector. As Lebanon's economy continues to collapse, an array of exchange rates for the local pound has emerged, complicating personal accounting and dimming hopes of fulfilling a reform requirement set out by the International Monetary Fund. The government's official exchange rate was set at 15,000 pounds to the U.S. dollar in February, a nearly 90% devaluation from the longtime peg of 1507.5.
- WTTG
ON THE HILL: Montgomery County Executive talks property tax hike proposal
Montgomery County's budget proposal this week revealed a plan to raise property taxes. The proposed changes cause backlash among some county residents. Montgomery County Executive Marc Elrich joins the show to talk about the proposal and its impact.
- BBC
What chicken feet tell us about daily life in Egypt
Rising food prices mean Egyptians are struggling to put food on the table for their families.
- MarketWatch
Is inflation set to slow quickly? Let’s read the tea leaves
Is stubbornly persistent U.S. inflation on the verge of a sharp slowdown? Some tantalizing hints point in that direction.
- AFP
Boosted by Ukraine war, German arms maker joins DAX index
German arms manufacturer Rheinmetall joined Frankfurt's blue-chip DAX index Monday, highlighting the improving fortunes of the country's weapons industry as the Ukraine war spurs demand. Rheinmetall and other weapons manufacturers approached by AFP are in negotiations with the government and the German military to fill gaps in stocks, worsened by huge deliveries of armaments to Ukraine.Â
- MarketWatch
Treasury yields dive as banks angst seen causing Fed to stand pat
Treasury yields fell sharply on Monday as risk aversion across markets caused investors to seek perceived havens and traders increased bets the Federal Reserve would not raise interest rates this week. The yield on the 30-year Treasury (BX:TMUBMUSD30Y) fell 5.9 basis points to 3.569%.
- KRIV
Property tax relief
Panel discusses the state's $31 billion dollars being deemed as "property tax relief" funding.
- The Telegraph
Jeremy Hunt’s lacklustre Budget could signal a change of government
Having listened to Jeremy’s Hunt’s spring Budget last Wednesday, I jumped on a train and left London.
- Reuters
Exclusive-India plans to extend fuel export curbs beyond March - sources
NEW DELHI (Reuters) -India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for the domestic market, two government sources with direct knowledge of the matter said. The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries including those in Europe that have stopped purchases of refined products from Russia due to its invasion of Ukraine. India, the world's third-largest oil consumer, imposed a windfall tax on refined fuel exports last year and mandated that companies sell the equivalent of 50% of their gasoline exports and 30% of their diesel exports domestically in the current fiscal year to March 31.
- The Courier Journal
Town of Clarksville pursues eminent domain to acquire historic Colgate clock property
The town of Clarksville, Indiana will pursue using eminent domain to acquire the historic Colgate property, known for one of world's largest clocks.
- Star News
Tar Heel Voices: Labor participation is falling again. Here's what we should do.
Columnist John Hood writes that the challenge isn’t finding a job. It’s finding people willing to fill vacant jobs.