Downtown San Jose is losing another major retailer

The closure of a neighborhood pharmacy means the loss of much-needed services for residents and business owners in downtown San Jose. CVS has been turned on Alameda, which closed about two weeks ago, provided a convenient one-stop shop for groceries, basic goods and pharmaceutical needs, but has also become a “magnet” for the homeless staying … Read more

Amid fears of layoffs and a recession, good news for workers

Many companies are looking to retain or even add employees (file) The global economy is faltering, and some of the world’s biggest names are already laying off thousands of employees. But there is a glimmer of good news: This time around, workers have a better than usual chance of keeping their jobs in the event … Read more

What do you know this week

Investors Back from Thanksgiving break You’ll face a flood of economic data next week as Wall Street heads into the final month of 2022 and prepares for the last Fed rate hike of the year. The government’s monthly employment report, housing market data, second look at GDP growth, personal consumption expenditures inflation, and consumer confidence … Read more

Millions of households will spend nearly a third of their income on fuel by spring | fuel shortage

Millions of households will pay nearly a third of their income from fuel costs this spring, amid warnings that a ‘supply black hole’ remains for Britain’s poorest families. The vast majority of households in some vulnerable groups – including about 70% of retirees – will spend a tenth or more of their income on fuel … Read more

Brexit blow: Exports to Japan plummet after ‘historic’ FTA | Britain’s exit from the European Union

The first major free trade agreement signed by Britain after that Britain’s exit from the European Union It was labeled a failure after new figures showed a drop in exports since it came into force. Liz Truss has signed a “historic” deal with Japan as Trade Secretary in October 2020, describing it as a “historic … Read more

Western sanctions affect Russia’s wartime economy

Comment on this story Suspension When Russian President Vladimir Putin last month launched a new council to coordinate supplies for the Russian military, he seemed to understand the scale of the economic problems facing the country, and his sense of urgency was evident. “We have to be quicker in deciding issues related to supplying the … Read more

Inflation is declining. Here’s what that means for your annual salary increase

Physics | iStock | Getty Images Inflation and annual wages are not in a one-to-one relationship. This became apparent to many workers last year when annual merit increases in salaries and wages were nowhere near the highest levels of inflation in four decades. Many employees stuck, even as wages increased by more than has been … Read more

Economies booming with Russian wealth and immigration

Russians cross the border between Russia and Georgia days after President Vladimir Putin announced a mobilization campaign on September 21. Daru Solakuri | Getty Images News | Getty Images While many economies are suffering from the impact of Russia’s invasion of Ukraine, a select few countries are benefiting from the influx of Russian immigrants and … Read more

Holiday shopping begins as inflationary sentiment drops

NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty remains. The US labor market remains strong, consumer spending is resilient and inflation is slowing. But higher prices for food, rent, gasoline and other household costs have weighed on shoppers. As a result, many are reluctant to spend … Read more