Photo: ANP The US economy is in good shape, but there are risks. Jamie Dimon, chief executive of JPMorgan Chase, a major US bank, said in a presentation of second-quarter figures. Among other things, he pointed to persistently high core inflation and geopolitical uncertainties caused by the war in Ukraine. According to Dimon, consumers are […]
‘US May Be Happy With Inflation Rate’
economy•13 Jul ’23 at 13:04Author of the book: Aaron Lupatti US inflation was 4 percent a month ago and is now 3 percent. “For the first time in a very long time, it’s time to celebrate in America,” says economist Edin Mujakic. Podcast | ‘US May Be Happy With Inflation Rate’ Core inflation, excluding fuel […]
Will the Fed raise rates in July despite a sharp slowdown in US inflation?
Financial market participants await the release of the June inflation report in the US to position themselves for the Federal Reserve’s next decision. They were not disappointed as the CPI report showed that inflation in the US was lower than expected. Inflation in the US has recorded twelve consecutive declines. While it was 9.1% from […]
Small business lending in the U.S. continues despite high borrowing costs
U.S. small businesses are paying more for loans than they have in 16 years, as the Federal Reserve’s aggressive rate hikes have pushed up borrowing costs. Average interest rates on short-term loans to small businesses rose to 9.2% in June, up 1.4 percentage points from May — the largest increase in short-term borrowing costs since […]
Stock markets in Asia rose sharply after US inflation cooled sharply
Photo: ANP Asian stocks posted solid gains on Thursday. A stronger-than-expected cooling in U.S. inflation fueled hopes that the U.S. central bank will soon stop raising interest rates. Inflation in the world’s largest economy eased to 3 percent in June. This is the lowest level in more than two years. Technology companies, particularly sensitive to […]
China’s ambassador to the US heads to the Pentagon for rare security talks
China’s ambassador to the U.S. held a rare meeting with the top U.S. defense official for Asia at the Pentagon on Wednesday, the Pentagon said, in talks that followed U.S. criticism of China’s control of military communications. Chinese Ambassador Xi Feng discussed defense ties and “a number of international and regional security issues” in conversations […]
Italy extradits Tiesto and Afrojack’s Dutch tax adviser to US
NOS news•Today, 12:40 p.m A Dutch tax consultant was deported from Italy to the United States. This has been decided by the Perugia Court The Financial Times (FD). He is suspected in the US of organizing tax evasion. The man was picked up by police at his holiday home in Italy yesterday, his wife confirmed […]
USA and Jamaica qualified for the semi-finals
By the teachersJuly 10, 2023, 7:36 amRead for 3 minutes After penalties, North America’s clash falls prey to the United States. Arsenal goalkeeper Matt Turner was the Americans’ hero, becoming the first American goalkeeper in 21 years to score multiple penalties in a penalty shootout. For Canada, this is the third time in the last […]
Final Agreement on Data Transfer to the United States
EU reaches a final deal with the US A preliminary deal struck by European Commission President Ursula van der Leyen with President Biden was turned into a final deal yesterday after EU ministers had already approved the deal last weekend. Companies can freely exchange data between the EU and the US. EU-US data The Privacy […]
Companies are allowed to store our data back in the US: What you need to know | Technology
The EU and the US have reached a new agreement on sharing data on Europeans. This allows companies to store our data back on US servers. Wat is er aan de hand? De Europese Commissie heeft een nieuw privacyverdrag aangenomen, het EU-VS-kader voor gegevensbescherming. Daarmee moeten gegevens van Europese burgers veilig in de Verenigde Staten […]