Fed’s Mary Daly says she doesn’t feel inflation because ‘I have enough’, adds ‘that’s not the case’ for others

See what’s clicking on FoxBusiness.com. The president of San Francisco Federal Reserve Bank he is doing well amid a period of high inflation, but he acknowledged that others are not so lucky. President Mary Daly gave an interview to Reuters on Wednesday exploring the current peak inflation and its effect on low-income households. Interviewer Lindsay … Read more

‘We have a financial crisis here’: Mendocino Board of Supervisors acknowledges county books are unreliable

Chambers of the Mendocino County Board of Supervisors. [Photo by Sarah Reith] A Mendocino County Board of Supervisors discussion of cost overruns for the new jail construction project turned into a cry for help from the state, as county leaders admitted they don’t have a clear idea of ​​what their financial situation. “I would like … Read more

‘Perfect Storm’ Erases Nearly $400 Billion From the Value of Large US Media Groups This Year

The largest US media companies have collectively lost nearly $400 billion in market value this year, as recession concerns, slowing advertising and post-pandemic viewership trends ignited a “perfect storm” for Netflix and its peers. great united states media Stocks have fallen an average of 35 percent since the start of the year, compared to a … Read more

Is it a recession yet? The services sector contracts again, indicating a strong possibility of a third economic contraction in a row

Business activity in the US service sector declined at the fastest pace since May 2020, a sign that the economy may already be in a recession or on the brink. S&P Global Market Intelligence said on Wednesday that its services activity index registered 47.3 in July, slightly above the previously published ‘flash’ estimate of 47.0, … Read more

Block may be in trouble as the economy takes a turn for the worse, but Cash App could save it for now

On paper, all of Block Inc.’s various businesses are potentially sensitive to a weakening economic environment, with revenue and profit assumed to be down from last year. In reality, the story could be more nuanced, at least for now. square Block, +11.35% is he (relatively) new corporate name for Square, and hosts a variety of … Read more