With his last day on the job just days away, Chamber of Commerce President and CEO Pat Patrick feels a sense of satisfaction that he’s leaving the organization in better shape than he found it. But it hasn’t been easy. During his 21-year tenure Patrick has navigated a major recession, a pandemic, political skirmishes, and […]
Energy-oriented exchange-traded funds (ETFs) have been among the top performers in 2022 as a result of rising commodity prices. But heading into 2023, that may not necessarily be the case as the price of oil has been falling in recent months. A safer approach may be to invest in consumer staples, in businesses […]
As Minnesotans enjoyed a holiday season filled with family, friends, and joy, I want to look back on what we’ve accomplished this past year and outline the work ahead. I’m proud of the real progress we’ve made on issues impacting communities across the Northland, from building infrastructure and investing in projects across northern Minnesota to […]
Washington Examiner Editor-in-Chief Hugo Gurdon said Transportation Secretary Pete Buttigieg’s political future will likely take an “enormous hit” following the recent Southwest Airlines disruptions, further showing his “incompetence.” “I think this is gonna be an enormous hit to Buttigieg. As you know, obviously, he was a presidential candidate. I think that there’s been a string […]
Did you know that the S&P 500, an index of 500 of America’s most recognized and dominant companies, has returned an average of 10% annually over its lifetime? That’s nothing to sneeze at, but why don’t Wall Street’s biggest and baddest corporations generate higher returns? While the average market value of an S&P 500 stock […]
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Third of world in recession this year, IMF head warns BBC Read the full article…
Liquefied natural gas (LNG) export capacity has really taken off in the past decade, with big players like Australia and the United States getting into the game. More than 500 billion cubic meters of LNG were exported globally in 2021, up 44% since 2016, according to the BP Statistical Review. But with fast growth set […]
IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year. This year will be tougher than 2022 for most of the global economy as the United States, European Union and China see slowing growth, the head of the International Monetary Fund (IMF) has warned. IMF Managing Director Kristalina […]
Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008. The benchmark index finished with a loss of 19.4% for 2022, or 18.1%, including dividends. It’s just its third annual decline since the financial crisis 14 years ago […]
