Post Labor Day sees investors returning to the S&P 500 SPX, -0.77% near all-time highs and some dark economic shadows lurking. Chiefly in the worry corner is Friday’s weak jobs data, which comes against backdrop of higher prices, leading to whispers of dreaded stagflation. Supply chain problems being created by […]
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US, Mexico Restart High-Level Economic Talks After 4 Years | Business News
By AAMER MADHANI, Associated Press WASHINGTON (AP) — The United States and Mexico restarted high-level economic talks Thursday after a four-year pause as top advisers to presidents Joe Biden and Andrés Manuel López Obrador expressed eagerness to make headway on issues important to both nations such as infrastructure, trade and […]
Celebrating Achievement and Looking Ahead: The Wine Business Institute Celebrates 25 Years
Advertisement Anniversary Marked with a Conversation on Sept 15th with Kim Marcus, from Wine Spectator, moderated by Ray Johnson of the Wine Business Institute Sonoma, Calif. Sept 1, 2021: This fall, the Wine Business Institute (WBI) at Sonoma State University, an intellectual and industry center for faculty, students, and the […]
Crypto is reshaping the world economy, 50 years after Nixon ended the dollar’s peg to gold. Here’s how some are playing it
Is the global economy steering toward a Bretton Woods for the digital-currency age? Sunday marks the 50th anniversary of what has been described as the dropping of a “monetary bombshell” on the world financial system, when President Richard Nixon announced that the U.S. dollar would no longer be pegged to […]
‘An economic calamity’: Africa faces years of post-Covid instability | Africa
Analysts and experts are warning of many years of instability across Africa, possibly leading to wars and political upheavals, as the economic impact of the Covid-19 pandemic deepens across the continent. Though many of the likely consequences are yet to become evident, recent unrest in southern Africa, increased extremist violence […]
Two years of Kashmir unrest, political void and a sinking economy | Conflict News
Srinagar, Indian-administered Kashmir – Two years after the Modi administration stripped Indian-administered Kashmir of its limited autonomy, political activity in the disputed region is in a deep freeze, businesses are struggling, while people’s rights are being suppressed through stringent laws. On this day two years ago, India’s Hindu-nationalist government led […]
Davis Trust Company celebrating 120 years of business today | News, Sports, Jobs
Submitted photo Gathering to honor Davis Trust Company’s 120 years in business are, back row from left, Randolph County Commissioner David Kesling, Elkins Mayor Jerry Marco, Davis Trust’s Michael Price and Hugh Hitchcock, Davis & Elkins College President Chris Wood, Davis Health System President Vance Jackson and […]
U.S. Inflation Is Highest in 13 Years as Prices Surge 5%
The U.S. economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices rising in May by 5% from a year ago. The Labor Department said last month’s increase in the consumer-price index was the largest since August 2008, when the reading […]
Luggage retail chain Witco shuts business after 65 years due to Covid-19 curbs
Luggage and personal effects retail chain Witco has announced the closure of its business after 65 years of operation due to Covid-19 disruptions. While the company had announced the closure of its business via its Facebook page in April, the news only came to light this week. As per the […]