When a company goes public with an IPO, it’s akin to their coming-of-age moment, much like a bar mitzvah. They step into adulthood, ready to shoulder the responsibilities that come their way. However, many companies that recently celebrated their “bar mitzvahs” are quickly realizing that being an adult can be quite challenging. Setting the Scene…
The Israel-Hamas conflict unlikely to majorly affect the global economy, says U.S. Treasury Secretary Yellen at IMF meeting. U.S. Treasury Secretary Janet Yellen has stated that the ongoing war between Israel and Hamas is unlikely to have a significant impact on the global economy. Speaking at the International Monetary Fund (IMF) and World Bank annual…
The International Monetary Fund (IMF) has provided an updated assessment of the global economic outlook. While the IMF sees improved prospects for central banks to control inflation without pushing the world economy into a recession, it also warns of persistent weakness and uneven growth. According to the IMF’s report, the global economy is expected to…
In the United States, more than 450,000 workers have engaged in 312 strikes this year, as reported by Cornell University’s Labor Action Tracker. However, are these striking workers reflected accurately in the government’s monthly jobs reports produced by the Bureau of Labor Statistics (BLS)? The BLS generates its jobs reports through two distinct surveys. The…
Oil prices experienced a significant surge at the beginning of the week, while stock markets and the Israeli currency faced declines as investors responded to the outbreak of war between Hamas and Israel. While Israel is not a major oil producer, the intensifying tensions in the oil-rich Middle East unnerved investors who had been selling…
Lottery enthusiasts are in for a thrilling opportunity to win big tonight, as the Powerball jackpot skyrockets to an estimated $1.4 billion for Saturday’s drawing after Wednesday’s event failed to produce a grand prize winner. According to the Powerball website, this colossal jackpot will have a cash value of approximately $614.0 million. Winners will face…
Gold, traditionally considered a safe haven for cautious investors, is facing formidable competition this year. Gold prices settled at $1,831.80 per troy ounce on Thursday, marking their lowest close since March. This decline follows a few months of decreasing gold prices, with the selloff intensifying recently due to surging bond yields and the strength of…
Prescriptions for semaglutide drugs like Wegovy and Ozempic have been on the rise, leading to increased speculation about the potential impact on people’s eating habits. These drugs, known for reducing appetite, have seen a 40-fold increase in prescriptions in the past five years, with 1.7% of the U.S. population prescribed them in 2023. Food sellers…
In a landmark event, more than 75,000 unionized employees of Kaiser Permanente, one of the United States’ largest not-for-profit healthcare providers, have initiated what is now being regarded as the largest healthcare worker strike in the nation’s history. These striking employees are scattered across multiple states, with the majority located on the West Coast, specifically…
A federal appeals court in the United States has extended the scope of a previous ruling that restricts the Biden administration’s ability to communicate with social media companies. The original ruling, issued by the conservative 5th Circuit US Court of Appeals last month, limited the government’s interactions with social media platforms regarding content related to…