NEW YORK — With skyrocketing inflation, a shaky stock market and layoffs affecting multiple industries, the future of the job market is uncertain at best. “The worst is yet to come”, warned the International Monetary Fund in his last reportadding that for many people, 2023 “will feel like a recession.” Professionals working in the US … Read more
The main stock indices on Wall Street continued their losses, with continued fears of recession due to the central bank’s policies. Wall Street indices continue to decline under the pressure of recession fears The main stock indices on Wall Street extended their losses today, Friday. Fears of a looming recession, sparked by the Federal Reserve’s … Read more
Stock indices fell, for the second day in a row, following the decisions of the central banks, all of which were extremely cautious despite the slowdown in inflation. Stock indices fall on the impact of central bank decisions The global stock exchanges, especially the European ones, reacted negatively today, Thursday, to the decisions of European … Read more
The Organization of Petroleum Producing and Exporting Countries and its allies “OPEC +” may study further production cuts during its next meeting in a few days, according to sources in the organization. “OPEC +” may consider further production cuts, despite warnings from the “international energy” Two sources in the Organization of Petroleum Producing and Exporting … Read more
Prepare slack Inflation is the main threat International Economy In 2023, according to investors who said that hopes for a recovery after the violent decline this year are premature. Nearly half of the 388 respondents to the most recent MLIV Plus survey said that a scenario in which growth continues to decline while remaining inflation … Read more
French shipping giant CMA CGM SA, owned by billionaire Rodolphe Saade and his family, said that weak demand for freight transportation and gloomy economic prospects hurt the company’s earnings during the current quarter. The world’s third largest container line is getting more pessimistic than the company warned about 3 months ago when the family business … Read more
Weak corporate activity Data released on Wednesday also revealed a decline in US business activity and an increase in jobless claims as the economy slowed. An indicator of the strength of the US dollar continued its decline on Thursday, continuing the downward trend for the third consecutive day, and European bonds rose as dealers reduced … Read more