Brewers budget battle
Gov. Evers proposing $290 million from state surplus
It’s taking a toll on multiple industries.
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.
The Philly Fed's monthly manufacturing survey - a proven recession indicator - is sounding the alarm on a severe downturn, Rosenberg said.
"While the inversion says trouble is coming in the medium term, the un-inversion says trouble is coming within a year," Brad McMillan said.
The Federal Reserve used to send billions in remittances to the Treasury. Interest-rate increases have rapidly changed that, Allan Sloan writes.
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.
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...
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.
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.
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.
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.
Rising food prices mean Egyptians are struggling to put food on the table for their families.
Is stubbornly persistent U.S. inflation on the verge of a sharp slowdown? Some tantalizing hints point in that direction.
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.
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%.
Panel discusses the state's $31 billion dollars being deemed as "property tax relief" funding.
Having listened to Jeremy’s Hunt’s spring Budget last Wednesday, I jumped on a train and left London.
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 town of Clarksville, Indiana will pursue using eminent domain to acquire the historic Colgate property, known for one of world's largest clocks.
Columnist John Hood writes that the challenge isn’t finding a job. It’s finding people willing to fill vacant jobs.