“Rising Inflation Amid Record Profits: The Widening Wealth Gap”

“Rising Inflation Amid Record Profits: The Widening Wealth Gap”

Inflation The price increase for food was 21.8 percent in 2022. (Photo: dpa) Frankfurt Despite sharply rising energy prices, disrupted supply chains and capacity bottlenecks, the past few years have not been years of crisis for many companies. Not only large energy companies recently reported record profits, but also companies such as BMW, Bosch, Hapag … Read more

Why the Banking Crises Persist: The Consequences of Gambling with Credit

Why the Banking Crises Persist: The Consequences of Gambling with Credit

The banking system in free fall Regulators and politicians around the world are trying to allay fears of a new banking crisis. But the bankruptcy of Silicon Valley Bank and the emergency merger of UBS and Credit Suisse were not the end. Even after the experiences of 2008, it was not possible to regulate the … Read more

“Spotting ECB’s Interest Rate Hikes through Your Mortgage and Savings” | The Economy

“Spotting ECB’s Interest Rate Hikes through Your Mortgage and Savings” | The Economy

18 mrt 2023 om 05:01 One of the most important interest rates was raised again on Thursday by the European Central Bank (ECB). The higher interest rate is intended to curb inflation, but it affects the economy and your wallet in many more ways. How will higher interest rates affect your home, savings, investments and … Read more

“Equities in New York Ignore ECB Rate Hike and Experience Upswing: ROUNDUP”

“Equities in New York Ignore ECB Rate Hike and Experience Upswing: ROUNDUP”

NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of … Read more

European Central Bank continues to raise interest rates, inflation not yet curbed

European Central Bank continues to raise interest rates, inflation not yet curbed

EPA NOS News•today, 15:40 The European Central Bank has raised interest rates again. The central bank’s three main interest rates will be raised by 0.5 percentage point, bringing the important deposit rate to 2.5 percent. It is the fifth interest rate increase in a row in the fight against inflation. The interest rate increase of … Read more

ECB Raises Interest Rates Again to Calm Inflation | Economy

ECB Raises Interest Rates Again to Calm Inflation |  Economy

15 dec 2022 om 14:17Update: 21 minuten geleden For the fourth time in a short time, the European Central Bank (ECB) is raising the interest rate. This is an increase of 0.5 percentage point, bringing the interest rate to 2%. The European banking supervisor announced it on Thursday. The central bank also announced that new … Read more