Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead
Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.
Amazon ‘not concerned’ about wave of unionizing because of competitive pay, benefits, exec says
Amazon workers in warehouses in the U.S. and U.K. have pushed to form unions due to complaints over wage rises and working conditions.
Consumer prices in China rose 0.1% in April, the slowest rate in two years
Economists surveyed by Reuters expected to see consumer prices rise 0.4% from a year ago and remain unchanged from the previous month.
Trump urges GOP to let catastrophic debt default happen if Dems don’t accept cuts
Trump, the leading Republican presidential candidate, said Republicans should let the U.S. default on its debt if Democrats don’t budge on spending cuts.
Can Gulf money save Turkey’s economy?
After years of adventurism in the Middle East and Eastern Mediterranean, Turkey is mending its fractured relationship with its neighbors. In turn, the Gulf states – including former rivals like Saudi Arabia and the United Arab Emirates – have provided …
Goldman Sachs names 3 stocks to gain from Germany’s $440 billion clean energy plans
Berlin unveiled its multi-decade plan to spur investment in renewables partly in response to the Biden administration’s Inflation Reduction Act.
Buying global A.I. stocks? Here are the 3 risks investors should watch closely, HSBC says
The strategists borrowed historical examples of “big market stories” to illustrate their point in a note to clients.
Asia markets mixed as investors digest U.S. consumer prices; China’s inflation reports ahead
Stocks on Wall Street saw a tech rally as U.S. consumer price index rose less than expected for April.
Hyundai explains how it plans to become one of the world’s top three EV makers by 2030
The automaker is investing heavily in research and development, building new plants and platforms as well as expanding EV lines and production capacity.
CNBC Daily Open: Slowing inflation didn’t excite investors
Slowing inflation elicited only a muted response from markets, suggesting that investors are preoccupied with other concerns.
