Business

OECD Predicts a “Slightly Better” Global Economic Outlook for 2023, but Inflation Risks Linger

OECD Predicts a “Slightly Better” Global Economic Outlook for 2023, but Inflation Risks Linger

The global economic outlook is “slightly brighter” this year, according to OECD Secretary-General Mathias Cormann, but inflation problems persist. “The outlook for the world is…
Wholesale Price Growth of 0.7% in January was Higher than Anticipated, Driving up Inflation

Wholesale Price Growth of 0.7% in January was Higher than Anticipated, Driving up Inflation

According to a report released on Thursday by the Labor Department, producer prices increased more than anticipated to start the year, which caused wholesale inflation…
Wells Fargo Wants to Catch up to Faster-Growing Competitors by Increasing Contact with Wealthy Customers

Wells Fargo Wants to Catch up to Faster-Growing Competitors by Increasing Contact with Wealthy Customers

According to CNBC, Wells Fargo is launching a new platform to increase digital engagement with its 2.6 million financial management clients. According to Michael Liersch,…
Before this Month’s Fire, Ford Forewarned Certain F-150 Lightning Owners of a Different EV Battery Issue

Before this Month’s Fire, Ford Forewarned Certain F-150 Lightning Owners of a Different EV Battery Issue

The Ford F-150 Lightning caught fire earlier this month due to a faulty battery, but that isn’t the only issue the Detroit automaker has recently…
Current Asset in Accounting

Current Asset in Accounting

A current asset is an asset that is expected to be converted into cash within one year or one operating cycle, whichever is longer. Current…
Capital Asset in Accounting

Capital Asset in Accounting

A capital asset is a long-term asset that is held by a company or individual to generate income or increase in value over time. Examples…
A New $2 Billion Financing is Obtained by Redwood Materials for the Construction of a Battery-Recycling Factory in Nevada

A New $2 Billion Financing is Obtained by Redwood Materials for the Construction of a Battery-Recycling Factory in Nevada

The Department of Energy has committed a $2 billion loan to Redwood Materials, the department announced on Thursday (February 9, 2023) through its loan programs…
How does a “Rolling Recession” Affect Consumers, and What is it?

How does a “Rolling Recession” Affect Consumers, and What is it?

By most measures, the U.S. economy is in solid shape. Despite the fact that 2022’s first half saw negative growth, the year’s second half is…
What Additional Fed Rate Hikes Might mean for Credit Card Payments, Mortgages, and Other Costs

What Additional Fed Rate Hikes Might mean for Credit Card Payments, Mortgages, and Other Costs

At its policy meeting this week, the Federal Reserve is generally anticipated to announce its eighth consecutive rate increase. As inflation begins to decline, Fed…
In an Effort to Green the $1.6 Trillion Steel Business, Microsoft and ArcelorMittal Support an MIT Spinout

In an Effort to Green the $1.6 Trillion Steel Business, Microsoft and ArcelorMittal Support an MIT Spinout

The steel industry refers to the production of steel, which is one of the most important and widely used materials in the world. Steel is…
Nextracker, a Solar Firm, Prices Above Range at $24, Which is Positive for the IPO Market

Nextracker, a Solar Firm, Prices Above Range at $24, Which is Positive for the IPO Market

People with knowledge of the transaction told CNBC that the solar technology startup Nextracker priced its initial public offering marginally over its stated $20 to…
Cybercriminals Scam the Bank and Customers of Chase, Stealing $120,000

Cybercriminals Scam the Bank and Customers of Chase, Stealing $120,000

Banks have invested a significant amount of money on cybersecurity and fraud detection, but what happens when criminals are able to deceive bank workers with…
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