Economy

Greeks worry about a potential recession, but analysts aren't worried

Greeks worry about a potential recession, but analysts aren’t worried

Workers demonstrate against soaring cost of living in central Athens earlier this year. Louisa Gouliamaki | Afp | Getty Images Near four years after Greece celebrated the end of its complicated bail program, its people are growingly concerned about their economic prospects once again. The darkening public mood comes as Greece — like many EU …

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Can the ECB Fight Inflation and Financial Fragmentation at the Same Time?

Can the ECB Fight Inflation and Financial Fragmentation at the Same Time?

Text size The European Central Bank is working on a program to address “financial fragmentation.” Markets will want to read the fine print, writes Silvia Merler. Daniel Roland/AFP via Getty Images About the author: Silvia Merler is the head of ESG and policy research at Algebris Investments and an adjunct lecturer in economics of global …

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Goldman Sachs, JP Morgan Chase, Bank of America, and Citigroup Rush to Fund Abortion Travel

Goldman Sachs, JP Morgan Chase, Bank of America, and Citigroup Rush to Fund Abortion Travel

Wall Street has adopted policies to fund travel for abortions for employees that work in states that impose restrictions in anticipation of or following the Supreme Court’s declaration that the constitution is neutral on the subject. In memoranda to employees, both JP Morgan Chase, Goldman Sachs, and Bank of America said they would pay for …

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Russia is days away from a historic debt default as a $100 million payment comes due with Moscow cut off from the global financial system

Russia is days away from a historic debt default as a $100 million payment comes due with Moscow cut off from the global financial system

Russian President Vladimir Putin looks up at a joint press conference with German Chancellor O. Scholz (SPD) after several hours of one-on-one talks in the Kremlin.Photo by Kay Nietfeld/picture alliance via Getty Images Russia has $100 million in foreign debt payments due Sunday night, as a 30-day grace period ends. If bondholders don’t receive payment …

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Working remote: Closing Yelp offices will be beneficiary, co-founder says

Working remote: Closing Yelp offices will be beneficiary, co-founder says

FOX Business host Larry Kudlow gives his take on President Biden’s response to high gas prices and weighs in on the state of the economy on ‘Kudlow.’ Yelp CEO Jeremy Stoppelman announced Thursday that it would close “underutilized offices” in New York, Chicago and Washington, DC In a blog post, Stoppelman wrote that following the …

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German gas prices could triple as Russia reduces supply, expert says | Germany

German consumers could face a tripling of gas prices in the coming months after Russia’s throttling of deliveries to Europe, a senior energy official has said. Moscow reduced the flow of gas through the Nord Stream 1 pipeline by 40% last week, citing technical reasons that Berlin dismisses as a pretext, prompting a four- to …

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The trillions in COVID relief money led to billions in fraud

The trillions in COVID relief money led to billions in fraud

Raise your hand if you’re surprised that the trillions of dollars spent on COVID-19 relief gave way to billions of dollars in government waste, fraud and abuses. I’m not, but based on recent reporting, you might think this type of carelessness with taxpayers’ money has never before happened. Sadly, such waste and fraud are normal …

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Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans

Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans

A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Loading Something is loading. The billionaire philanthropist Bill Gates, America’s …

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