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Why Rate Cuts Don’t Help Much Anymore

The worry, arising from some important new research, is that the benefits of Fed rate cuts in today’s environment may be substantially overrated. Typically, when rates drop, consumers buy more durable goods like washing machines and cars, homeowners refinance their mortgages and effectively get a tax cut, and businesses invest …

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Nissan announces 12,500 job cuts worldwide

Nissan has announced it will cut around 12,500 jobs globally as it unveiled quarterly operating profit had crashed by 98.5 per cent. The Japanese car maker will cut production capacity by around 10 per cent by the end of 2022 as sales fell in a number of its major markets. Nissan did …

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