Category: Economy
-
Do You Consider Yourself Rich? See How Much Those in the Top 1% Earn in the U.S.
A new study by SmarttAsset reveals the earnings of the top 1% in the U.S., highlighting significant income disparities across states.
-
Do You Have or Want to Start a Small Business in NYC?
Starting or growing a small business comes with many challenges, but obtaining the necessary financial resources for the venture is undoubtedly one of the hardest parts, which leads many people to give up. In order to foster small businesses, the city of New York has a loan program – the New York City Small Business…
-
Egg Prices Rise, Increasing Attempts to Smuggle Them from Mexico
First, let’s understand what is happening with egg prices in the United States. According to the Consumer Price Index, a measure of inflation, egg prices rose 60% in 2022, the largest percentage increase among any product or service in the country. The main justification for the higher prices is the historic outbreak of avian influenza…
-
NYC Winter Program to Help with Your Economic Recovery
—
by
New York’s tourism industry continues to recover, with projections to attract over 61.7 million visitors in 2023. In 2022, the number was approximately 56.4 million travelers visiting all five boroughs – a 71.4% increase compared to 2021 (47.4 million domestic and 8.9 million international). This marks the return of 85% of the city’s record visitation…
-
Economists Warn That a Recession Is Coming
Recessions often catch everyone by surprise. There is a very good chance that the next one will not. Economists have been predicting a recession for months, and most believe it will occur in the first quarter of this year. Whether it will be deep or mild, long or short, is still up for debate, but…
-
The Only Vaccine in Testing Against HIV Has Failed. What Now?
The only vaccine against HIV still being tested in final clinical trials has proven to be ineffective, its manufacturer announced this week. Dozens of other HIV vaccine candidates have been tested and discarded over the past decades. This latest setback delays progress towards a vaccine against the virus by three to five years, according to…
-
Today Is Cheese Day. Do You Know the Origin of This Delight?
On January 20th, the “World Cheese Day” is celebrated, a product that is consumed and adored by many populations. Who doesn’t like some type of cheese among the many varieties that exist? But do you know the origin of cheese? Many people might think it came from Switzerland or France, countries famous for their typical…
-
For the First Time in 60 Years, China’s Population Declines
China reported on Tuesday (17) its first population decline since 1961. There were 1.41175 billion people living in China at the end of 2022 – a drop of about 850,000 compared to the end of the previous year, according to data from the National Bureau of Statistics (NBS) in Beijing. A total of 9.56 million…
-
The R$ 20 Billion Hole and the Story of Lojas Americanas
The retail giant Americanas S.A. has been facing a major problem that not only caused the company’s shares to plummet by 80% on the stock market but also raised doubts about the company’s ability to recover. Last week, the CEO and CFO of Americanas, Sergio Rial, resigned just two weeks after taking office. The reason?…
-
Davos Forum: Cooperation in a Fragmented World
—
by
The World Economic Forum began this Monday (16) in Davos, Switzerland, gathering leaders and government representatives with businesspeople and investors.