Tag Archives: Economy

As concerns around inflation soar, American consumers’ outlook on the trajectory of the U.S. economy has deteriorated, worrying some experts that negative attitudes could dampen expenditure and put a dent in economic growth. The University of Michigan’s closely-watched consumer sentiment index fell to 61.7 in early February, hitting the lowest level since October 2011. January saw a reading of 67.2. Recent declines in the measure have been driven by weakening personal financial prospects… Source link

President Biden has an enviable problem: The economy under his watch is doing a lot better than voters give him credit for. In the latest update of the Yahoo Finance Bidenomics Report Card, Biden’s grade on the economy rose from B+ to A-. This isn’t our opinion. It’s what the numbers tell us. We developed this methodology at the beginning of the Trump administration, with the help of Moody’s Analytics, and we’ve kept it in place for Biden. We determine each president’s grade by… Source link

MOSCOW, February 2. /TASS/. The Yandex.Routing logistical platform started operations in the UAE, press service of the Russian technology company told TASS. “Yandex.Routing, the platform to manage logistics on the last mile, started operations in the UAE. Retailers in the region will be able to plan routes automatically with consideration of 200 operating parameters and constraints, including specific features of the local address system, where exact addresses of recipients are not known,”… Source link

Brazen freight train thefts have spiked in Los Angeles, with images of looted packages and abandoned containers capturing headlines and captivating social media — and putting pressure on California Governor Gavin Newsom to address conditions even he likened to “a third world country.” The thefts have sparked a war of words between law enforcement and Union Pacific (UNP), which owns the railroad and has called for stronger deterrence. But the growing problem has become a rallying cry for at… Source link

Inflation in December was the hottest in nearly 40 years, according to the Federal Reserve’s favored gauge, released this morning. U.S. consumers have been confronted with higher prices for everything from gasoline to groceries, cars to dishwashers. There’s one industry, though, that’s undergoing a pricing war that has prevented increases. Have you looked at your mobile phone bill lately? “At a time when seemingly every other industry in America is raising prices, the wireless industry… Source link

MOSCOW, January 18. /TASS/. Yandex negotiated acquisition of BandLink service, press service of the Russian technology company told TASS. Musicians, subcasters and labels can create micro sites with the use of BandLink, dedicated to new releases or concerts, generate personalized links for social media and analyze audience preferences, the company said. “BandLink employees together with the Yandex.Music team will continue working on services helping to promote the audio content and will… Source link

Higher pay to retain and attract employees impacted Goldman Sachs profits, and the big bank’s CEO says companies across industries are experiencing the same thing. “There is real wage inflation everywhere in the economy. Everywhere,” Goldman Sachs CEO David Solomon told analysts on the company’s fourth quarter earnings call on Tuesday. In the final quarter of 2021, the bank logged $3.2 billion in expenses associated with compensation and benefits — a 31% increase compared to the same… Source link

MOSCOW, January 18. /TASS/. Yandex and KT Corporation have entered into an agreement to launch autonomous robotic delivery in Seoul in 2022, a representative of the Russian company’s press service told TASS. “Yandex has signed a Memorandum of Understanding with KT Corporation, one of the leading South Korean telecommunications companies. The companies plan to start deliveries using Yandex’ autonomous robots in Seoul in 2022,” the company said. South Korea is the first East Asian market… Source link

MOSCOW, January 12. /TASS/. Yandex entered into antitrust proceedings against Apple over its prohibition against application developers from informing customers about the possibility of paying for purchases outside the AppStore, the company told TASS. “We decided to participate in the process because the decision on this case can have a big impact on both users and developers. We believe that users should be able to learn about different payment methods and make in-app purchases in any way… Source link

Major indexes are poised to end the year boosted by the “Santa Claus Rally” effect, as the market shrugs off concerns associated with surging COVID-19 case numbers across the U.S. and the world. But according to NJ-based financial services firm Hennon & Walsh, the Omicron variant remains among the top uncertainties in the market heading into the new year, regardless of whether investors are currently interpreting it as such.  “The two biggest uncertainties for investors right now clearly… Source link