A discounted batch of planks is seen as people shop for lumber at a Home Depot store in Alhambra, California on May 4, 2022. FREDERIC J. BROWN/AFP via Getty Images Lumber prices extended their 2-day decline to 10% after the Fed hiked interest rates by 75 basis points on Wednesday. The aggressive interest rate hike […]
People in Lebanon are holding up banks to withdraw their own money amid the country’s financial crisis
A Lebanese policeman stands guard next to a bank window that was broken by depositors on Wednesday, Sept. 14, 2022. Hussein Malla/Associated Press Two people in Lebanon staged bank holdups Wednesday, demanding money from their own bank accounts. One of them said she needed to withdraw money for her sister's cancer treatment. Banks in crisis-hit […]
Russian companies are issuing bonds in the Chinese yuan amid sanctions. Putin’s government may follow suit.
Russian President Vladimir Putin is expected to meet Chinese President Xi Jinping at a summit in Uzbekistan this week. Mikhail Svetlov/Getty Images Russian commodity giants Rosneft, Polyus, and Rusal have recently issued bonds in Chinese yuan. Trade between the two countries has grown, with Russia imports to China up 59% on-year in August. Russia's finance […]
Shoppers earning $100,000 are turning to dollar stores amid soaring inflation, Dollar General CEO says
A Dollar General store in Amenia, New York. Landon Speers for Insider Shoppers earning six-figure salaries are turning to dollar stores amid soaring inflation in the US. Economic uncertainty is pushing some Americans to tighten their pursestrings. Dollar General's "core customer" usually earns under $ 40,000 a year, CNN reported. Shoppers with six-figure salaries are […]
British people are ripping out their beloved vintage-style stoves because they are too expensive to run amid the energy crisis
British people are removing their Aga stoves, which are enduringly popular in the UK. REUTERS/Luke MacGregor British people are removing their beloved Aga stoves to combat surging energy costs. One worker told Bloomberg he's removed 35 of the vintage-style appliances this year. Some owners have been left in tears because they couldn't afford to keep […]
Germany makes U-turn on nuclear energy policy, keeping 2 plants as backups amid its natural-gas crisis
Germany's Economy Minister Robert Habeck said the country would delay the phasing out its last two nuclear plants amid its energy crisis. Roberto Pfeil – Pool/Getty Images Germany was set to phase out nuclear energy by end-2022 but will now keep two plants as backups. The two nuclear plants would come online only when necessary, […]
Stocks have yet to bottom and could fall another 23% this year amid slowing growth, Morgan Stanley says
Reuters / Brendan McDermid Stocks have yet to bottom and will see more downside later this year, Morgan Stanley said. In the best-case scenario, the bank predicted that the S&P 500 would fall to 3,400 by year-end, and in the event of a recession, it would fall to 3,000. But Morgan Stanley also expects the […]
Doctor retention is a challenge for some rural towns in Nova Scotia, but Cheticamp, N.S., has managed to keep doctors around thanks to community roots and doctor supports.
As the SAG Award winners were announced, however, the only award of the evening for Ozark went Bateman’s way for his portrayal of Marty Byrde. However, it didn’t stop thousands of fan across the globe from showing their support for the series as it narrowly missed out on a handful of other prizes. And following […]
Pimlico Plumbers founder Charlie Mullins has become a voice of reason to many TV watchers in recent months, joining the likes of Piers Morgan and Susanna Reid on Good Morning Britain for a number of debates. In his latest stint on the ITV show, Charlie found himself at the centre of a row surrounding compulsory […]