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Monthly Archives: December 2022

Inflation slowed but stayed high in November, housing costs up 7.1%

Inflation was still up 7.1% year-over-year in November, though down from October’s rate of 7.7%. High housing costs, also up 7.1% from last November, overwhelmingly contributed to that continued elevation. While economists expected inflation to continue its downward trend, many weren’t sure what rent and owner-equivalent prices would show. Costs …

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Dollar General chases suburban shoppers with Popshelf

HENDERSONVILLE, Tennessee — Dollar General‘s next big strategy for growth is tucked in a strip mall in suburban Nashville, and it is coming to other cities soon. It’s a new store called Popshelf. Over the past two years, the Tennessee-based discounter has tested the store concept, which caters to suburban …

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Bank of England calls for ‘urgent’ global action after near-collapse of UK pension funds

LONDON, February 03: Governor of the Bank of England Andrew Bailey leaves after a press conference at Bank of England on February 3, 2022 in London, England. Dan Kitwood | Getty Images News | Getty Images LONDON — The Bank of England on Tuesday called for “urgent international action” from …

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European Parliament removes Eva Kaili as vice-president after Qatar corruption allegations

Belgian prosecutors have arrested four people for alleged bribes from Qatar. Anadolu Agency | Anadolu Agency | Getty Images The European Parliament on Tuesday ousted a lawmaker who was arrested over the weekend in an investigation into alleged bribery by Qatar. “The European Parliament decided on Tuesday to terminate the …

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Oracle, Boeing, Moderna and more

Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle gained 3% in the premarket after the business software giant posted top and bottom line beats for its latest quarter. Oracle continues to make significant progress in shifting more of its business to the …

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Electric Ford F-150 Lightning named MotorTrend’s truck of the year

2022 Ford F-150 Lightning Ford DETROIT – The electric Ford F-150 Lightning on Tuesday was named MotorTrend’s 2023 truck of the year – topping traditional pickups with internal combustion engines from General Motors, Stellantis and Toyota Motor. The prestigious title and accompanying “Golden Caliper” award are highly sought by automakers …

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Crypto exchange Binance temporarily halts USDC stablecoin withdrawals

Binance, the world’s largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDC while it carries out a “token swap.” The move comes as investor concerns grow about Binance’s stability following the collapse of rival exchange FTX as well as a report of a potential criminal investigation …

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Indian and Chinese forces sustained injuries in clash, Indian defence ministry says

An Indian Army truck drives along a road to Tawang, near the Line of Actual Control neighboring China in India’s Arunachal Pradesh state on Oct. 21, 2021. Money Sharma | AFP | Getty Images Indian and Chinese forces injured each other in disputed territory over recent days, the Indian defense …

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Copper prices — traditionally a barometer for the global economy — are expected to soar next year

Sheets of copper cathode are pictured at BHP Billiton’s Escondida, the world’s biggest copper mine, in Antofagasta, northern Chile March 31, 2008. Ivan Alvarado | Reuters Copper — traditionally seen as a leading indicator of economic health — has unsurprisingly had a rough year. But analysts expect a resurgence in …

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FTX executives spent $256 million on Bahamas real estate

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain …

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