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Higher oil prices will challenge regional governments to make “tough decisions” on inflation, said Albert Park, chief economist at the Asian Development Bank. Most Asian economies are importers of oil, like Indonesia and those in central Asia, said Park. As a result, the latest sudden OPEC+ oil production cut could …

While Federal Reserve interest rate hikes may have slowed, the economic downturn they could have brought on is still possible, CNBC’s Jim Cramer said on “Mad Money” on Monday. That’s because the banking crisis that began with Silicon Valley Bank could very well “hasten the downturn that never seemed able …

Successful business owners do at least one thing in common, according to Mark Cuban: They experiment. Take Josh Thurmond, whose 3-year-old company LavaBox sells portable campfires — think Solo Stoves, but smaller — that took repeated trial-and-error to finally get right, he said on Friday’s episode of ABC’s “Shark Tank.” …

A vehicle charges a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Tesla — Shares dropped 6% after the electric-vehicle maker reported total deliveries of 422,875 and total …

Chuyn | Istock | Getty Images If you’ve dreamed of working or retiring abroad, you may be tempted by the possibility of cheaper housing or health care. But there are some things to consider before making the jump. Jude Boudreaux, partner and senior financial planner with The Planning Center in …

Aaronamat | Istock | Getty Images Over the last 15 years or so, the interest rates you could earn on your cash were very low. And while the Federal Reserve has changed that with a recent series of interest rate hikes aimed at combating high inflation, many savers still do …

Greg Blomberg | EyeEm | Getty Images Passport delays are due to ‘unprecedented’ demand The passport backlog has grown in recent months as Americans unleash pent-up wanderlust and take trips abroad that they couldn’t earlier in the pandemic. The U.S. State Department must also restaff positions that were reassigned or …

After a worldwide pandemic stressed social ties and plummeted mental health, it’s no surprise that “check in with your friends” has become a commonly given directive.  And some might say the recognition friendship is getting as a valuable tenet of existence is way overdue: Strong friendships are key to living …

Walmart has redesigned its website and app to try to encourage shoppers to browse and buy more. Walmart Walmart‘s digital store has a new look. Starting this week, all customers who browse the company’s website and app will see bigger and glossier photos, videos and social media-inspired content that Walmart …

These days, most Americans are stressed about money. And yet, when it comes to budgeting, saving and managing debt, many get some simple fundamentals wrong. For example, according to one LendingTree survey, 65% of Americans think carrying a small balance on their credit card each month will improve their credit score. …