The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting to buckle for the first time in a decade. He’s blaming a list of headwinds weighing on consumers including inflation, higher interest rates, federal budget … Read more
Staff in Asia are underneath “vital psychological well being pressure,” with 82% having a average to excessive threat of creating psychological well being points. That is based on a brand new report from insurance coverage dealer Aon and TELUS Well being, which discovered that 35% of employees in Asia have a excessive psychological well being … Read more
Westend61 | Westend61 | Getty Pictures Specialists have been pointing to a coming downturn for the U.S. economic system. The query was when. Now, nonetheless, some companies and specialists are strolling again these predictions, calling into query the validity of a once-trusted recession indicator referred to as the yield curve inversion. “Whereas it’s true that … Read more
Peopleimages | E+ | Getty Pictures Is old-age earnings poverty too excessive? Take into account this thought train: What’s a tolerable poverty fee amongst American seniors? By one metric, the U.S. fares worse than most different developed nations on this class. About 23% of Individuals over age 65 stay in poverty, in accordance with the … Read more
US President Joe Biden speaks through the League of Conservation Voters Annual Capital Dinner, at The Anthem in Washington, DC, on June 14, 2023. Andrew Caballero-Reynolds | AFP | Getty Pictures President Joe Biden on Saturday marked the primary main occasion of his 2024 reelection marketing campaign with a union rally, highlighting boosts for the … Read more