Swiss Economy Fails To Gain Steam In Q3

Switzerland’s economy expanded at a slower-than-expected pace in the third quarter as high inflation weighed on consumer spending, official data showed Tuesday. The economy registered a sequential growth of 0.2 percent in the three months to September, following the second quarter’s downwardly revised 0.1 percent rise, the State Secretariat for Economic Affairs, or SECO, in Bern reported. Economists had forecast […]

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China turmoil delivers a fresh blow to a fragile global economy

The swelling protests against severe pandemic restrictions in China — the world’s second-largest economy — are injecting a new element of uncertainty and instability into the global economy when nations are already struggling to manage the fallout from a war in Ukraine, an energy crisis and painful inflation. For years, China has served as the world’s factory and a vital […]

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Fed Minutes Hint At Slower Pace Of Interest Rate Hikes

The Federal Reserve released the minutes of its early November monetary policy meeting on Wednesday, providing further evidence the central bank is considering slowing the pace of its interest rate hikes. The minutes said a “substantial majority” of meeting participants judged that a slowing in the pace of rate hikes would likely “soon be appropriate.” A slower pace of rate […]

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Should you have a bit on the side?

As the cost of living continues to rise, making a bit of extra money in addition to your main career may be looking like an attractive prospect. Colloquially known as a “side hustle”, these secondary “jobs” can take on all sorts of forms, from renting out your car while you’re not using it, pet-sitting your neighbour’s cat, or delivering food […]

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J. M. Smucker Boosts FY23 Outlook As Q2 Results Top Estimates

Consumer goods company J. M. Smucker Co. (SJM) reported Monday that profit for the second quarter declined seven percent from last year, hurt by lower margins, despite high single digit sales growth. However, both adjusted earnings per share quarterly net sales topped analysts’ estimates. The company also raised its financial guidance for the full-year 2023. The company noted that financial […]

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U.S. Import Prices Show Modest Decrease In October

A report released by the Labor Department on Wednesday showed a modest decrease in U.S. import prices in the month of October. The Labor Department said import prices edged down by 0.2 percent in October after tumbling by a revised 1.1 percent in September. Economists had expected import prices to fall by 0.4 percent compared to the 1.2 percent slump […]

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The Inflation Danger of 2023

There is a widely held theory, developed only recently, that the upward pace of inflation has begun to slow. The producer price index was up only 8.8% last month. While that is a slight improvement, the number is still higher than it has been for a decade. And it could rise into the double digits again. From supply chain problems […]

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Eurozone Q3 GDP Growth Slowdown Confirmed

Euro area economy expanded at a slower pace in the third quarter and employment growth slowed as runaway inflation and rising interest rates damp economic activity in the single currency bloc, latest figures from Eurostat showed Tuesday. Gross domestic product grew a seasonally adjusted 0.2 percent from the second quarter, when the Eurozone economy expanded 0.8 percent. The EU GDP […]

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Eurozone Retail Sales Recover In September

Euro area retail sales recovered in September despite the record inflation dampening the spending power and consumer confidence, data published by the statistical office Eurostat showed Tuesday. Retail sales rose 0.4 percent from August, when they stagnated, which was revised from a 0.3 percent fall. The increase was in line with economists’ expectations. The small rise in retail sales in […]

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