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Economics, and Finance articles. Engine @reddit2telegram Sister channel @r_war
The average Canadian family now spends $47,000 per year on taxes! That’s more than the spending on rent/mortgage and food combined!
https://redd.it/1enfokv
@r_econ
Companies using food as a temptation to lure employees back to the office
https://www.wcnc.com/article/news/local/connect-the-dots/companies-food-delivery-services-back-to-the-office/275-3ed3c3b7-fa6d-4df0-8004-5c6a7276d922
https://redd.it/1encp84
@r_econ
America just got a nasty wakeup call about the job market
https://www.businessinsider.com/jobs-report-labor-market-hiring-layoffs-quits-recession-sahm-rule-2024-8
https://redd.it/1en7yca
@r_econ
Will America’s economy swing the election?
https://www.economist.com/leaders/2024/08/08/will-americas-economy-swing-the-election
https://redd.it/1en4u3w
@r_econ
Initial jobless claims fall more than forecast, easing some fears about US labor market
https://finance.yahoo.com/news/initial-jobless-claims-fall-more-than-forecast-easing-some-fears-about-us-labor-market-123712630.html
https://redd.it/1en59tb
@r_econ
USA overtakes China, to become Germany's largest trading partner
It was inevitable. That those who share similar values and interests, should come together, to move away from those who have different values and interests.
According to Reuters: "The U.S. had already overtaken China in the first quarter, after 2023 was the eighth year in a row that China remained Germany's number one partner, by a few hundred millions."
Although Germany and China also have some things in common. They are both net exporters. Unfortunately in this case, politics trumps economics. The world is in a state of flux.
Germany's economy is the worst performing among the three. They need to keep an open mind. And be willing to do business with both China and USA.
Let us see if India and USA have similar values and interests, USA can also be a bigger trading partner to India, than China.
Reuters: https://www.reuters.com/markets/europe/us-tops-china-germanys-biggest-trading-partner-2024-08-08/
https://redd.it/1en2saa
@r_econ
40% of Americans Now Worry They Can’t Pay Their Bills
https://franknez.com/40-of-americans-now-worry-they-cant-pay-their-bills/
https://redd.it/1emucyc
@r_econ
Can anyone relate :/
https://redd.it/1emu4xs
@r_econ
Department of Homeland Security Estimates 11 million illegal immigrants live in the USA
https://ohss.dhs.gov/sites/default/files/2024-06/2024_0418_ohss_estimates-of-the-unauthorized-immigrant-population-residing-in-the-united-states-january-2018%25E2%2580%2593january-2022.pdf
https://redd.it/1emekte
@r_econ
Do you think this statement is true?
https://redd.it/1emgkq6
@r_econ
US Mortgage Rates Tumble to 6.55% in Biggest Drop in Two Years
https://www.bloomberg.com/news/articles/2024-08-07/us-mortgage-rates-tumble-to-6-55-in-biggest-drop-in-two-years
https://redd.it/1emhtcd
@r_econ
Over 90% of US Population Growth Since 2020 Came From Hispanics
https://www.bloomberg.com/news/articles/2024-08-07/over-90-of-us-population-growth-since-2020-came-from-hispanics
https://redd.it/1emeilx
@r_econ
Did Javier Milei Just Lift Argentina Out of Recession?
https://www.aier.org/article/did-javier-milei-just-lift-argentina-out-of-recession/
https://redd.it/1emb4jp
@r_econ
Airbnb shares drop 12% as company flags weakening US demand
https://www.theguardian.com/technology/article/2024/aug/06/airbnb-shares-drop-earnings
https://redd.it/1em7h9v
@r_econ
US Trade Deficit Narrows to $73.1 Billion as Exports Pick Up
https://www.bloomberg.com/news/articles/2024-08-06/us-trade-deficit-narrows-to-73-1-billion-as-exports-pick-up/
https://redd.it/1elzmc4
@r_econ
Paramount Global announces it will cut 15% of U.S. workforce, shares rise on second-quarter earnings
https://www.cnbc.com/2024/08/08/paramount-global-para-q2-earnings-report-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
https://redd.it/1engzin
@r_econ
What if we tied CEO salaries to lowest paid employee?
Wages have fallen seriously behind inflation for a long time and now businesses are going to struggle making up the difference. I think the statistic is that CEOs used to make 50x the lowest paid employee, now that gap is 300x
Pretending it's NOT government overreach, what if CEOs/executives/board members couldn't make more than idk, 150x their lowest paid employee?
What are the downsides? I feel like it would lessen corporate greed and encourage/force taking care of your employees.
What am I not thinking of: discuss ⬇️
https://redd.it/1encpmn
@r_econ
Employee Burnout Has Reached a New Boiling Point
https://www.inc.com/sarah-lynch/employee-burnout-reached-new-boiling-point.html
https://redd.it/1en897f
@r_econ
Poll: 63% of Americans Want to Increase Trade with Other Nations, 75% Worry Tariffs Are Raising Consumer Prices
https://www.cato.org/blog/poll-63-americans-want-increase-trade-other-nations-75-worry-tariffs-are-raising-consumer
https://redd.it/1en6o7l
@r_econ
As inflation fury lingers, politicians join customers in pushing companies to cut prices
https://www.cnbc.com/2024/08/07/2024-election-inflation-grocery-prices-a-top-issue.html
https://redd.it/1en53c3
@r_econ
Jamie Dimon and Warren Buffett are in agreement, America's economy is resilient
https://qz.com/jamie-dimon-warren-buffett-america-economy-resilient-1851615975
https://redd.it/1emytau
@r_econ
Italian restaurant chain files for bankruptcy
https://www.cleveland.com/entertainment/2024/08/italian-restaurant-chain-files-for-bankruptcy.html
https://redd.it/1emr9p6
@r_econ
The mystery of Argentina’s gold: Milei admits that it was transferred abroad, without specifying the quantities or destination
https://english.elpais.com/economy-and-business/2024-07-28/the-mystery-of-argentinas-gold-milei-admits-that-it-was-transferred-abroad-without-specifying-the-quantities-or-destination.html
https://redd.it/1emrlmc
@r_econ
Dell reportedly cuts over 12,000 jobs as it seeks to 'streamline' its structure and boost profitability: an estimated 10% of its workforce.
https://www.tomshardware.com/tech-industry/big-tech/dell-reportedly-cuts-over-12000-jobs-as-it-seeks-to-streamline-its-structure-and-boost-profitability
https://redd.it/1emfquy
@r_econ
Claudia Sahm: My Recession Rule Was Meant to Be Broken
https://www.bloomberg.com/opinion/articles/2024-08-07/the-sahm-rule-is-warning-of-recession-but-claudia-sahm-isn-t-sold?srnd=homepage-americas
https://redd.it/1emc8s8
@r_econ
US Mortgage Rates Tumble to 6.55% in Biggest Drop in Two Years
https://finance.yahoo.com/news/us-mortgage-rates-tumble-6-110000968.html
https://redd.it/1emfag8
@r_econ
War is peace, ignorance is strength, debt is wealth.
https://redd.it/1em5qwy
@r_econ
Unsurprisingly, workers who are able to work from home are happier at their jobs
https://www.techradar.com/pro/unsurprisingly-workers-who-are-able-to-work-from-home-are-happier-at-their-jobs
https://redd.it/1emaxy1
@r_econ
Household credit card debt in the U.S. reaches record $1.14 trillion. 57% of Americans depend on credit cards to make ends meet
https://redd.it/1em7074
@r_econ
Why the U.S. and China Suddenly Care About a Port in Southern Chile
https://americasquarterly.org/article/why-the-u-s-and-china-suddenly-care-about-a-port-in-southern-chile/
https://redd.it/1elzilf
@r_econ