General inflation is easing, but the prices of some food items are not going down anytime soon. And the reasons are largely out of the Federal Reserve’s control. The consumer Read more
Tag: expected
Amazon confirms more than 18,000 layoffs, far more than originally expected
Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back Read more
One-third of world economy expected to be in recession in 2023, says IMF chief
This year is going to be tougher on the global economy than 2022, the International Monetary Fund’s chief, Kristalina Georgieva, has warned. “Why? Because the three big economies, U.S., EU, Read more
Micron sales dive nearly 50%, and decline is expected to get worse as layoffs planned
Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that the decline would worsen to more than 50% in the second quarter as layoffs are Read more
House Jan. 6 select committee expected to advise Justice Department to hit Trump with criminal charges
WASHINGTON (AP) — The House Jan. 6 committee is wrapping up its investigation of the violent 2021 U.S. Capitol insurrection, with lawmakers expected to cap one of the most exhaustive Read more
Italian Economy Expected to Slow Sharply in 2023 as Inflation Takes Toll
By Xavier Fontdegloria Italy’s economy is expected to decelerate sharply in 2023 due to high inflation, slowing international trade flows and a tighter monetary policy, according to forecasts from the Read more
10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023
Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded Read more
House Speaker Nancy Pelosi to speak at noon Eastern as update expected on future plans
House Speaker Nancy Pelosi was poised to address her future plans Thursday, amid speculation over whether she will continue to hold a Democratic leadership role. She was expected to give Read more
Opinion: Plan for the worst-case scenario of lower expected Social Security payments by finding income elsewhere
If your retirement date falls after 2034, the current estimate of your future Social Security benefits may not hold up. That’s when the government fund that sends out the monthly Read more
Georgia Senate contest expected to soon overtake Pennsylvania’s as most expensive midterm election
The congressional race that saw the highest spending by its general election candidates, combined with spending by outside groups, was the Pennsylvania Senate contest, where Democratic nominee John Fetterman emerged Read more