Chancellor says windfall tax aims to ‘incentivise investment’ – Sky News

Chancellor says windfall tax aims to ‘incentivise investment’  Sky News Energy firms face windfall tax after government U-turn  Channel 4 News Big Dividend Payers May Be Next After UK Windfall Tax on Energy  Bloomberg Factbox: What is a windfall tax and when has Britain used it?  Reuters The Guardian view on energy windfall taxes: cynical, but welcome  The Guardian View … Read more

Stocks Wrap Up Another Strong Session

Text size Tech stocks were feeling some pressure Thursday. Getty Images Stocks continued their rally Thursday, as the market chewed over Federal Reserve minutes that suggested the central bank could slow down its rate-hiking at some point soon.  The Dow Jones Industrial Average gained 518 points, or 1.6%. The S&P 500 gained 2%, and the … Read more

Are We Actually in a Recession? Here Are Some Historically Reliable Signs – Dion Rabouin | WSJ

Are We Actually in a Recession? Here Are Some Historically Reliable Signs  Dion Rabouin | WSJ 8 Financial Moves to Make Now, Before the Next Recession  CNET Is The US Already In Recession?  Forex Factory Opinion: It’s time to prepare for a recession  CNN What A Recession Now Could Mean For Oil Prices Later  Investing.com View Full Coverage on Google … Read more

How Larry Summers Got His Inflation Call Right: By Applying Economic History

Text size “The only thing we have to learn from empirically is history,” Larry Summers, former U.S. Treasury secretary, said recently in explaining his contrarian views on inflation. Kiyoshi Ota/Bloomberg About the author: Graham Allison is the Douglas Dillon professor of government at Harvard University. Is the U.S. economy headed for a hard landing? Federal Reserve … Read more

Wisconsin Bankers Association says consumers face new currency crisis | Economics

MADISON (WKOW) – Financial experts warn we’re facing another currency crisis, just years after the coin shortage. “We need the public to start using change more,” said Rose Oswald-Poels, President and CEO of the Wisconsin Bankers Association. Oswald-Poels warned we could be facing a currency crisis again. Coin shortage signs have started popping up across … Read more

Inflation and Unemployment Haven’t Behaved Like This in 70 Years. Why It Matters.

In the early 1950s, inflation climbed above 8% and unemployment registered below 4%. Above, a help wanted sign outside a factory gate in 1952. Debrocke / Alamy Text size The last time the US saw a combination of high inflation and low unemployment like today was seven decades ago. That makes it particularly challenging for … Read more

Fed Sees Half-Point Rate Hikes as Appropriate at ‘Next Couple of Meetings’

Federal Reserve officials said they anticipated half-percentage-point interest rate increases “would likely be appropriate at the next couple of meetings” as they focus on bringing down surging inflation against a slowing but still strong economy. Minutes from the Fed’s May 3-4 meeting, released Wednesday after their usual three-week lag, also showed that a number of … Read more

The Fed Minutes Are Here. 4 Key Themes to Watch.

Minutes from the Federal Reserve’s May meeting can be read here. Read a preview below and check back for more analysis. When the Federal Reserve on Wednesday releases the minutes from its most recent policy meeting, investors will get a deeper look at deliberations over monetary policy tightening and officials’ views of the economy. During … Read more

Fed Minutes Come Out Today. 4 Key Themes to Watch.

When the Federal Reserve on Wednesday releases the minutes from its most recent policy meeting, investors will get a deeper look at deliberations over monetary policy tightening and officials’ views of the economy. During the meeting that ended May 4, the Federal Open Market Committee, the Fed’s policy arm, raised its main policy rate by … Read more

Fed Minutes Come Out Today. 4 Key Themes to Watch.

When the Federal Reserve on Wednesday releases the minutes from its most recent policy meeting, investors will get a deeper look at deliberations over monetary policy tightening and officials’ views of the economy. During the meeting that ended May 4, the Federal Open Market Committee, the Fed’s policy arm, raised its main policy rate by … Read more