Inflation could mean a big Social Security cost-of-living adjustment in 2023

Sporrer/Rupp | Image Source | Getty Images Social Security beneficiaries started 2022 with a 5.9% cost-of-living adjustment to their monthly checks, the highest increase in about 40 years. But as inflation climbs with each month, the buying power of those benefit increases has diminished. The Consumer Price Index for all Urban Consumers, or CPI-U, rose … Read more

Weak opening on the cards on dismal global cues

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 198 points at the opening bell. Global markets: Overseas, Asian stocks declined on Monday as investors look ahead to the release of Chinese trade data for April. Markets in Hong Kong are closed today for a … Read more

Small businesses still struggle to find enough workers | Business

NEW YORK (AP) — Some small businesses are still struggling to hire qualified workers, even as Americans return to the US job market in droves. Hiring and retaining employees remains the top challenge for small businesses, according to a survey of 1,100 businesses by Goldman Sachs 10,000 Small Business Voices out last week. Ninety percent … Read more

The Russia-Ukraine war is making Indians poorer and hungrier | Business and Economy News

New Delhi, India – Meena Chaudhary often visits the local market late in the evening when vendors are busy wrapping up makeshift stalls and vegetables are sold at throwaway prices. The quality is run-down but that hardly matters. It is one of the many tricks the 48-year-old homemaker uses to deal with soaring food prices. … Read more

Athleta and Lululemon See Foot Traffic Growth

The early saying went that, when the pandemic finally ended, people would ditch the stretchy pants and put on more fancy clothes. Sick of ultra-casual clothing, they would instead turn to brands that sell slacks and button-down shirts instead of leggings and sweatshirts. People Are (Still) Flocking To Lululemon And Athleta But, as a recent … Read more

Revenge spending may keep the economy chugging along

Airline and hotel stocks have been surging this year thanks in part to a spate of long overdue revenge spending, or what some are dubbing the YOLO economy. An ETF of travel companies run by investing firm SonicShares, with the ticker symbol of “TRYP” is up nearly 6% this year while the S&P 500 has … Read more

Why Chinese bankcard chips may not ease Putin’s economic pain | Business and Economy

Cut off from international payments systems by Western-led sanctions, Russia has turned to China to obtain the microchips it needs to meet surging demand for its domestic bank cards. But while Chinese manufacturers may be able to provide a quick fix for Russia’s besieged financial institutions, they are unlikely to be able to substantially ease … Read more

Weak opening on the cards

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 107 points at the opening bell. The earnings season for the quarter and financial year ended March will take off from today. IT major TCS will declare its Q4 result today, 11 April 2022. Global markets: … Read more

Even as Inflation Bites, Corporate Profits Remain Flush | Business News

By STAN CHOE, AP Business Writer NEW YORK (AP) — What’s immune to high inflation? So far, the profits at big US companies. Businesses are facing higher gasoline and heating bills, just like consumers, in addition to higher expenses for labor and raw materials. But unlike many middle- and lower-income Americans, they’ve been making more … Read more

Russia War Ends Era of Globalization That Kept Inflation Low | Business News

By PAUL WISEMAN, AP Economics Writer For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies. It meant solid and stable markets. And for households and businesses, especially in the United States and Europe, it meant an entire generation of … Read more