I had an economics professor in college who predicted Americans would someday face individualized prices when buying groceries. After all, he reasoned, every person has their own discrete demand curve, so why shouldn’t different people pay more for the same items at the same store? If I’m willing to pay $3 for that can of…
Donald Trump’s economic adviser, Kevin Hassett, has said that the Strait of Hormuz could reopen and that oil supplies could return to normal within the next two months, with hopes of reconciliation between the US and Iran before June. Director of the White House National Economic Council Kevin Hassett walks outside the White House, Thursday,…
New York : The supply shockwaves from the US and Israel’s war in Iran are spreading across the global economy, raising concerns about an inflation hit to companies and consumers that will require policymakers to raise borrowing costs. The release of the film ‘Toxic’, starring Yash, has been postponed to June for fear of missing…
US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness. The Fed will start its two-day meeting on Tuesday, with an announcement of the benchmark lending rate in the…
WASHINGTON—President Trump told a national audience on Tuesday that he had unleashed a new age of economic prosperity. One thing he didn’t say: I feel your pain. President Trump delivering the first State of the Union address of his second term. At the core of Trump’s State of the Union address was a calculation that…
How do you get youngsters interested in lessons about saving, budgeting and investing? Definitely not with lectures, said the founders of Talents Foundation, a Hong Kong charity that aims to teach young people how to manage their finances and achieve their career and life goals in a fun way. Founders Arthur Hui Ka-yu and David…
Protests continue in Iran against surging inflation and the decline of the Iranian rial. Amid the widespread demonstrations, which have now reached over 250 locations in the country, several media reports have claimed that the United States might be planning an intervention in Tehran. A demonstrator holds up a poster of the Iranian Supreme Leader…
The Mandatory Provident Fund (MPF) turns 25 years old this month, with most of its pension funds delivering solid returns that have enabled all but the most conservative members to outpace both inflation and bank deposits, according to data from the pension regulator. The year-to-date net investment return of the MPF stood at 15 per…
The situation around Venezuela has Americans asking to know more. Across party lines, big majorities say the administration needs to explain what the U.S. intends regarding any action, and that it has not done so clearly yet. Meanwhile, what Americans hear from the White House about inflation is, they say, not what they’re actually feeling…
United States job growth accelerated in September despite a cooling job market as the unemployment rate rose. Nonfarm payrolls grew by 119,000 jobs after a downwardly revised 4,000 drop in August, according to the Bureau of Labor Statistics (BLS) report released on Thursday. Recommended Stories list of 4 itemsend of list The unemployment rate rose…