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thejournalbiz

Ford Stock Falls, as profit concerns mounts!

Ford shares dropped 4.5% in pre-market trading! As investors reacted after the vehicle maker issued a profit warning for its third-quarter results. The company said vehicle parts supply shortages would weigh on earnings,

Dollar rise falters global recovery!  

The U.S. dollar is experiencing a once-in-a-generation rally! The surge that threatens to aggravate a slowdown in growth and amplify inflation for global central banks. Tweet on US dollar surge amid inflation Dollar

Stock stagnate, amid inflation concerns

Stock futures fell, suggesting  markets could come under fresh pressure! After a week in which concerns about inflation, growth and tighter monetary policy sent major indexes to losses of between 4.1% and 5.5%.

Volkswagen announced Porsche IPO!

The German automaker released details of its plans to list its Porsche sports car business as IPO! VW said it expects to raise up to 9.4 billion euros, the equivalent of $9.4 billion,

Pakistan’s Flood slashes the local economy

Economic toll and rebuilding costs will likely hit $30 billion, government officials say, wiping out entire growth Recent catastrophic floods will wipe out economic growth and cause acute food shortages in Pakistan, officials

World Bank warns of global recession

Monetary tightening aimed at reducing inflation risks worsening the current economic slowdown, the bank’s new study finds The World Bank study comes as central banks have been lifting interest rates to reduce inflation.