Economy

Wedding costs surge as pent-up demand, inflation force couples to cut back

Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable. Source: Nicole Brandfon Nicole Brandfon and her fiance, Adam Alonso, will hop on a plane from Florida to South America early next year for a destination wedding. The international trip wasn’t their original plan, …

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Payroll growth accelerated by 428,000 in April, more than expected as jobs picture stays strong

The US economy added slightly more jobs than expected in April amid an increasingly tight labor market and despite surging inflation and fears of a growth slowdown, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls grew by 428,000 for the month, a bit above the Dow Jones estimate of 400,000. The unemployment rate was …

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Forget extra NHS cash, Brexit costs Britain £173m every week, or £1m per hour

Friday 06 May 2022 2:19 pm The campaign bus that Boris Johnson and others used in 2016 to campaign for Britain’s departure from the EU Remember the Brexit bus promise: ‘We send the EU £350 million a week. Let’s fund our NHS instead. Vote leave’? The truth increasingly seems that quitting the European Union means …

Forget extra NHS cash, Brexit costs Britain £173m every week, or £1m per hour Read More »

‘Nowhere near the bottom,’ top economist says as global markets crater

The New York Stock Exchange. Brendan Mcdermid | Reuters Stock markets are set for more heavy selling this summer as central banks around the world ramp up interest rates to try to combat spiraling inflation, according to one economist. Brunello Rosa, who is the CEO and head of research at Rosa & Roubini, a consultancy …

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Irate Mushroom Grower Christopher David Michalski Threatened to Skin Robinhood CEO Vlad Tenev’s Kids, Feds Say

An Oregon mushroom grower told the CEO of online trading platform Robinhood that he would skin his children while he watched, as payback for investment losses the man claimed to have sustained, federal prosecutors allege. Christopher David Michalski, 38, is charged with interstate communication of threats, a felony, for posting numerous tweets over the course …

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China Orders Government, State Firms to Dump Foreign PCs

(Bloomberg) — China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers with domestic alternatives within two years, marking one of Beijing’s most aggressive efforts so far to eradicate key overseas technology from within its most sensitive organs . Most Read from Bloomberg Staff were asked after the week-long May break …

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US economy likely added jobs at healthy clip in April despite worsening labor shortage

Slatestone Wealth chief management strategist Kenny Polcari discusses inflation and the March jobs report, arguing if inflation continues to ‘get strong its going to put pressure on the market.’ US job growth likely continued at a brisk clip in April, suggesting the labor market is still strong despite headwinds from the highest inflation in four …

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