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Market Fluctuations and Fed Rate Hike Moves U.S. Economy Closer To Recession (Guest: Steve Beaman)

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Following a recent report about growth woes in the most recent quarter, there are still many concerns that U.S. citizens will face some form of recession as 2023 looms. The initial report indicated that growth has tumbled nearly a full percentage point, indicating that some companies are expected lose employees and prepare for the worst in terms of a recession. But coupled with other news this week, things are looking problematic. First up, it’s no secret that … Read more

Some of the World’s Biggest Companies Detail Price Increases In the Midst of a Skyrocketing Pandemic (Guest: Steve Beaman)

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Confidence in U.S. consumer businesses has fallen to its lowest point since February 2021 with the news that Unilever, Coca-Cola and McDonald’s issued news about additional increase in pricing above and beyond recent spikes. Unilever, the branding group behind such clients as Dove soap, Hellmann’s mayonnaise and Cif cleaning products, rose an average of 11.2 percent in pricing over the course of the second quarter, with no signs of slowing down. The move tied in … Read more

Walmart Reports Lesser Profit Outlook In the Face of Consumers Spending More On Necessities and Less On Other Items (Guest: Steve Beaman)

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Walmart is considered one of the leading retailers in the United States, with stores practically miles apart from one another. However, it appears that even with its immense reach, the chain is not immune to the effects of inflation. The company recently reported a cut in its quarterly and full-year profit reports, stating that rising inflation is forcing consumers to spend money on important goods and less on fancy electronics and clothing. As a result, … Read more

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