Timothy Sumer

Cost of living pressures have risen again, with inflation hitting a four-month high. The key drivers are rising fuel, rent and food prices. While inflation has been moderating since its December peak, it could rise further in the coming months due to oil, energy and food inflation increasing around the world. Economists say the figures mean it is unlikely the Reserve Bank will increase interest rates at its October board meeting. However, there could be one more rate rise before the end of the year. Subscribe: Read more here: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on ABC iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook: Follow ABC News on Instagram: Follow ABC News on Twitt...

We visit with a noted writer and economist, Arnold Kling, who questions whether the massive federal bank bailout has done more harm than good.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Bank bailouts have been a hotly debated issue in recent years. On one hand, some argue that they are necessary to prevent a collapse of the financial system and the wider economy. On the other hand, others claim that they are unfair and reward reckless behavior by banks. In 2008, following the collapse of Lehman Brothers, governments around the world began bailing out banks in order to prevent a complete financial meltdown. In the United States, Congress passed the Troubled Asset Relief Program (TARP), which provided hundreds of billions of dollars to banks and other financial institutions. Similar programs were implemented in other co...

Is the global banking industry in trouble? Economist David Rosenberg breaks it down and tells Power & Politics that an 'elevated level of uncertainty is going to reinforce the trend towards a recession.' »»» Subscribe to CBC News to watch more videos: Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: Find CBC News on Facebook: Follow CBC News on Twitter: For breaking news on Twitter: Follow CBC News on Instagram: Subscribe to CBC News on Snapchat: Download the CBC News app for iOS: Download the CBC News app for Android: »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists de...

From red-hot inflation to a strong jobs market, and all the negative gross domestic product in between, economists are divided on the health of the U.S. economy. A top concern for Americans: Are there layoffs on the horizon? Economists break down the data and economic indicator complexities brought upon by the Covid pandemic and the war in Europe. More corporate leaders are anticipating a recession, according to a survey from Stifel. Big companies are already announcing layoffs, including Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Walmart and Wayfair. Meanwhile, a survey from PwC shows 50% of firms expect to reduce their labor forces in the next six to 12 months. This comes at a time when the labor market could hardly appear stronger. In July 2022, there were 11.2 million job openings, revealing a shortage of workers for available positions. "I think it's very important to look at the number of job openings," Julia Pollak, chief economist at ZipRecru...

Despite signs of inflation easing up, many economists are still expecting the U.S. to fall into a recession. CBS News' Tony Dokoupil and Lana Zak are joined by Harriet Torry, economics reporter for the Wall Street Journal, to discuss the economic outlook. #news #economy #recession CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Tr...

Moody's Analytics' chief economist Mark Zandi cautions that a recession may be on the horizon. In an interview with CNBC's Andrea Miller, Zandi said a recession did not occur in the first half of this year. Zandi called employment levels the "most important indicator[s]" of a recession. With unemployment at the low rate of 3.5%, he doesn't buy the view that two back-to-back quarters of negative growth alone are sufficient to make for a recession. But Zandi did warn that he expects layoffs to increase in the days ahead. "With this kind of low unemployment, inflation’s going to remain a problem," he said, and to address that the Federal Reserve has signaled it will continue to raise interest rates in an attempt to slow down the job market. Zandi attributed the confusion about whether the U.S. experienced a recession in the first half of this year to the coronavirus pandemic and the Russian invasion of Ukraine. "These two massive supp...

A decade after the global recession, the world’s economy is vulnerable again. Ryan Avent, our economics columnist, considers how the next recession might happen—and what governments can do about it Click here to subscribe to The Economist on YouTube: Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: Check out The Economist’s full video catalogue: Like The Economist on Facebook: Follow The Economist on Twitter: Follow us on Instagram: Follow us on Medium: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing The next global recession is not a matter of if, but rather a matter of when. Many financial experts predict that we are overdue for another economic downturn, and it is important to be prepared for this eventuality. In order to prepare for the next global recession, there ...

Robert Clark, of North Carolina State, describes the level-income annuity option available to public sector retirees in North Carolina and provides analysis of the risks and benefits of this option to various groups. Read more here: ... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Public pension plans offer annuity options to retirees to ensure financial stability throughout retirement. An annuity is a contract between an individual and an insurance company that pays a guaranteed income stream for a period of time, typically for life. Annuity options in public pension plans are vital in providing financial security for retirees who otherwise might not have sufficient savings to fund their retirement. The annuity options available in public pension plans vary, and different plans may offer different options to retirees...