economic news

Consumer price inflation in May is expected to be searing as energy, food and rents rise

Economists expect inflation in May to continue to burn white, with rising costs for energy, food, rent and health care. According to Dow Jones, economists expect the consumer price index to rise 0.7% from 0.3% in April. On an annual basis, this would equate to a rate of 8.3%, the same rate as in April. …

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‘Jurassic World: Dominion’ is ‘the worst’ in the franchise, critics say

Image from Universal Studio’s “Jurassic World: Dominion” NBCUniversal “Jurassic World: Dominion” could score No. 1 at the domestic box office this weekendbut lackluster reviews and word of mouth could block its potential. “Inevitably, ‘Jurassic World: Dominion’ will make a fortune around the world, as these films always do,” Robbie Collin wrote. in his review of …

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European Central Bank Confirms July Rate Hike Plans, Raises Inflation Projections Significantly

The European Central Bank faces a difficult balancing act, with inflation hitting record highs while the war in Ukraine casts a shadow over growth prospects. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to raise interest rates at its policy meeting next month and lowered …

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FDA ruling on Novavax Covid injections may be delayed to review manufacturing changes

A health worker prepares a dose of the Novavax vaccine as the Netherlands Health Services Organization begins the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images The Food and Drug Administration must review changes to Novavaxbefore the biotech company’s Covid-19 vaccine can be authorized in the …

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‘The mood is very dark’: Once-hit fintech sector faces IPO delays and consolidation

Investment in fintech is slowing as worries about rising inflation and the prospect of higher interest rates have rattled economic sentiment. Elena Noviello | time | Getty Images AMSTERDAM — Fintech firms are pausing IPO plans and cutting spending as fears of a looming recession cause a shift in how investors view the market. At …

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‘The mood is very dark’: Once-hit fintech sector faces IPO delays and consolidation

Investment in fintech is slowing as worries about rising inflation and the prospect of higher interest rates have rattled economic sentiment. Elena Noviello | time | Getty Images AMSTERDAM — Fintech firms are pausing IPO plans and cutting spending as fears of a looming recession cause a shift in how investors view the market. At …

‘The mood is very dark’: Once-hit fintech sector faces IPO delays and consolidation Read More »

Ethereum Just Completed A Successful Dress Rehearsal For Its Biggest Upgrade Ever

INA FASSBENDER | AFP | Getty Images Ethereum has just completed its first major dress rehearsal for a long-awaited makeover that will be its most significant overhaul since the digital currency launched nearly a decade ago. Cryptocurrencies such as ethereal and bitcoins are often criticized for the mining process to generate new coins. Both currently …

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OECD cuts global growth forecast on war in Ukraine and China’s zero Covid policy

The OECD estimates that global gross domestic product [or GDP] will reach 3% in 2022 – a deterioration of 1.5 percentage points compared to a projection made in December. Nurphoto | Nurphoto | Getty Images The Organization for Economic Co-operation and Development has become the latest international body to lower its forecast for global growth …

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