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News & Updates

May 9, 2022 UK -The economy is collapsing. Yet I can’t recall a government so devoid of a plan

Source: The Guardian

Last week, the Bank of England forecast inflation exceeding 10% and predicted negligible growth for the next two years, toppling into months of recession, accompanied by the savage squeeze on living standards.

May 9, 2022 Grid operators warn of electricity shortage amid switch to renewables: Report

Source: Fox News

"I am concerned about it," MISO Chief Executive John Bear told the Wall Street Journal in a report Sunday. "As we move forward, we need to know that when you put a solar panel or a wind turbine up, it’s not the same as a thermal...

May 6, 2022 America’s job growth is starting to slow

Source: CNN Business

The days of millions of job gains per month are behind us and the US labor market recovery has moved into a new phase, complete with new challenges: It’s not that companies don’t want to hire, it’s that there were nearly two...

May 6, 2022 Oil giant Shell reports highest quarterly profit since 2008 on soaring commodity prices

Source: CNBC

Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help U.K. households with spiraling energy bills.

May 6, 2022 BoE flags risk of recession and 10% inflation as it raises rates again

Source: Reuters

The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates on Thursday to their highest since 2009, hiking by quarter of a percentage point to 1%.

May 6, 2022 Baby formula shortage hits 'crisis' level, sparking panic in parents across U.S.

Source: Fox Business

Parents of infants across the U.S. are taking to social media pleading for media coverage and political action while posting pictures of empty stores shelves, as the country's baby formula shortage continues to get worse.

May 6, 2022 Making the Business Case for ESG

Source: Knowledge at Wharton

Wharton’s Katherine Klein talks with Wharton management professor Witold Henisz about how investors can evaluate environmental, social, and governance (ESG) criteria and why they should deeply engage with firms if they want to...

May 6, 2022 The Fed is owning the inflation problem

Source: Axios

He started the session by staring into the camera and telling the American people that inflation is too high and the Fed is determined to bring it down. Later, when asked a question about what other branches of government could...

May 6, 2022 Market panic ensues because of Biden and Powell’s inflation incoherence

Source: NY Post

Fed chairs have historically been inscrutable when talking in public, leaning on something called “Fedspeak.” By talking in riddles, financial markets don’t overreact to your every word.

May 5, 2022 Jamie Dimon says the Fed only has a 33% chance to avoid a recession

Source: Fortune

With inflation rising to a four-decade high and economic growth forecasts being slashed, predictions of an impending U.S. recession are becoming widespread.

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