J Sainsbury PLC said Monday that it is no longer in discussions with LXI REIT PLC over the sale and leaseback of a portfolio of 18 supermarket stores, due to Read more
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The number of millionaires will nearly double around the world by 2026 and the U.S. economy loses billions of dollars a year due to the sharp decline in refugee admissions
Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is the ‘greatest generation,’ and calls baby boomers ‘disappointing’ ‘Boomers are gonna go down in history as the Read more
U.S. economy loses billions of dollars a year due to the sharp decline in refugee admissions, economists says
The decline of refugees arriving in the U.S. costs the overall economy over $9.1 billion a year, according to a peer-reviewed paper published in the Oxford Review of Economic Policy. Read more
U.S. wholesale inflation falls for second month in a row due to cheaper gas
The numbers: The cost of wholesale goods and services fell 0.1% in August largely due to cheaper gas, but there were also some signs of easing inflation even as persistent Read more
Bank of England to postpone rate decision by a week due to mourning period for Queen Elizabeth
The Bank of England said it’s postponing its interest-rate decision by a week, citing the period of mourning the country is observing after the death of Queen Elizabeth II. The Read more
NASA delays moon rocket launch due to fuel leaks
CAPE CANAVERAL, Fla. (AP) — A fuel leak and then an engine problem during final liftoff preparations led NASA to scrub the launch of its mighty new moon rocket Monday Read more
Coming up: U.S. July CPI data due at 8:30 AM Eastern
Economists expect the CPI data to be released later Wednesday to be a “mixed bad,” according to Chris Low, chief economist at FHN Financial. Headline inflation is expected to retreat Read more
Eurozone retail sales fell in June due to higher prices
Eurozone retail sales fell in June due to rising inflation and declining consumer confidence among households, the European Union’s statistics agency Eurostat said Wednesday. The volume of retail sales fell Read more
Gold scores biggest one day rally since March, silver jumps nearly 7% due to Fed-inspired ‘short squeeze’
Gold and silver rose sharply on Thursday, with gold logging its biggest one-day percentage gain since March and silver rallying by nearly 7% to finish at its highest price in Read more
Opinion: Our bill for easy money is coming due: Prepare for low and volatile returns — or the long-delayed financial market reckoning.
Until recently, good news (a solid rebound from the COVID-19 pandemic) was bad news (higher interest rates). Now, bad news (an economic slowdown) is good news (accommodative policies). For investors, Read more