Spread the loveU.S. gasoline prices rose for the third week in a row, rising $.076 per gallon from a week ago to $3.65 per gallon yesterday, new GasBuddy data showed, reaching the highest level since November 2022. The national average…

Spread the loveThe dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen. The greenback’s share in global reserves…

Spread the loveBankruptcy filings across the United States rose for the third straight month in March in all major industries. A total of 42,368 new bankruptcies were filed last month, according to data from Epiq Bankruptcy, a provider of U.S. bankruptcy…

Spread the loveMore companies around the world defaulted on their debt in the first three months of this year than in any quarter since late 2020, when businesses were still hamstrung by restrictions to stop the spread of Covid. In…

Spread the loveErnst & Young said Monday that it would eliminate roughly 3,000 jobs from its US workforce as it pivots to address shifts in demand and “overcapacity” in sections of its business. The cuts represent less than 5% of…

Spread the loveWith recent stress in the regional banking sector, sentiment in US commercial real estate (CRE) – and especially the office sector – has turned negative as investors prepare for potential spillover effects, especially as high-profile defaults continue to…

Spread the loveThe European Commission has slammed Poland and Hungary’s ban on Ukrainian food imports, saying member states cannot make such decisions regarding trade policy. The leader of the ruling conservative Law and Justice party (PiS), Jarosław Kaczyński, announced over…

Spread the loveUN projections published in 2022 show that India’s dependency ratio is 47 dependents for every 100 workers in 2023, falling from where it sat 25 years ago at 68 dependents for every 100 workers. India’s dependency ratio is…

Spread the loveMorgan Stanley predicts a 40% collapse of the Commercial Real Estate (CRE) debt market—a credit crunch will trigger the next round of bank failures. US securitized CRE debt (estimated at between $1.35 and $1.45 trillion) matures by year-end…

Spread the loveRetail sales in the U.S. fell 1 percent from February to March, according to Census Bureau Data released Friday, a sharp drop signaling that the economy is slowing faster than expected.  Analysts had predicted retail sales would fall 0.4 percent.…

Spread the loveChina’s population has reigned as the largest in the world for more than two centuries. Now India is taking its place, heralding a major shift in the global order. The United Nations has said India’s population is projected…