US unemployment insurance is not ready for the next recession

The Fed keeps hiking, markets keep sinking and winter is coming: Economic forecasters fear a recession is on the way. In the US, Federal Reserve Chairman Jay Powell made it clear this month that his policy is focused on fighting inflation, with Fed officials suggesting that the unemployment rate can reach 5% before the bank … Read more

Florida’s shaky insurance market may not be able to weather Hurricane Ian

In this aerial view, vehicles drive through a flooded area after Hurricane Ian passed through on September 29, 2022 in Fort Myers, Florida. picture: Joe Raedle (Getty Images) Hurricane Ian has left much of southwest Florida a disaster zone, and the storm is on track to disrupt one of the nation’s most volatile insurance markets. … Read more

Small businesses say inflation is eroding profits: new survey

If you’re a small business owner, you’ve probably had a tumultuous time in recent years. For businesses that survived the worst of the Covid-19 pandemic shutdowns and supply chain issues, the economic recovery brought customers willing to spend. But recently, business owners have had to contend with record inflation increasing the cost of doing business, … Read more

As small businesses raise prices, some customers are drawn away

NEW YORK — Inflation isn’t just costing small businesses money. This is also costing customers. At the Bushwick Grind coffee shop in Brooklyn, New York, Kymme Williams-Davis has raised prices and diversified merchandise to keep up with the rising costs of milk, coffee, paper goods and plastics, as well as shortages of items such as … Read more

Democrats tout business investments from Intel, AT&T

Democratic U.S. Senate candidate Mark Kelly speaks at an election watch party in Tucson, Arizona, U.S., November 3, 2020. Cheney Orr | Reuters Democrats are touting new partnerships with corporate America in an effort to convince voters they can deliver jobs and protect the economy ahead of the midterm elections. Many of the investments the … Read more

Ghana: Tertiary institutions urged to invest in technology to promote equitable education

Tertiary institutions have been asked to invest in technology to promote education in the country. “Equitable access to reliable and cost-effective technology will go a long way to promote teaching and learning in a more sustainable way and ensure that no one is left behind,” Second Lieutenant Governor of Bank of Ghana, Ms. Elsie Addo … Read more

“I thought getting a loan to invest in crypto was a good decision. Then I lost most of it’

Is it wise to get a loan to buy crypto? Almost a quarter of American investors seem to think so. A recent survey by DebtHammer, which surveyed 1,500 investors across the US, found that 21 percent of investors said they used a loan to pay for their crypto investments. These loans were often at exorbitant … Read more

Powell says higher US interest rates likely ‘for some time’ | News from business and economy

Federal Reserve Chairman Jerome Powell has signaled that the US central bank is likely to continue raising interest rates and leave them elevated for a while to curb inflation, and he pushed back against any idea that the Fed would will soon change course. “Restoring price stability will likely require maintaining a restrictive policy stance … Read more

The MP says Ottawa underestimated Canadians’ desire to travel again

A member of Parliament says Ottawa may have underestimated Canadians’ desire to travel when planning a return to normalcy after most pandemic restrictions end. Airlines and airports have faced a surge in customers this summer, coupled with staffing shortages affecting both carriers and federal agencies. As a result, travelers have experienced widespread flight cancellations, baggage … Read more

Business highlights: Starbucks and NRLB, China rate cut

___ Starbucks asks labor board to temporarily halt union votes SEATTLE (AP) — Starbucks is asking the National Labor Relations Board to suspend all union elections at its U.S. stores. The request came Monday in response to allegations by a board employee that regional NLRB officials had improperly coordinated with union organizers. In a letter … Read more