New report finds racial and economic segregation present in Bay Area neighborhoods

New report finds racial and economic segregation present in Bay Area neighborhoods

(BCN) — A new report from the Bay Area Equity Atlas shows that several Bay Area neighborhoods remain highly segregated by race and wealth. The report is based on an analysis of U.S. Census data down to the census track level that compares population numbers by race and income. Eleven of the Bay Area’s 1,572

Premarket stocks: The strange reason America’s economy is shrinking

Premarket stocks: The strange reason America’s economy is shrinking

Factories shutting down. A wave of job losses and few open positions. Huge financial losses that batter most industries. So what is happening, and where could we be headed? The answer to both questions could be found in the country’s stockrooms. Breaking it down: US GDP for the second quarter fell at an annualized rate

Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

Argentina’s economic restrictions have reached the sports industry, with the first signing of a local football player with cryptocurrencies hitting national headlines. The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube was made in USD Coin (USDC), exceeding $6 million and up to $8 million depending on the volatile

U.S., Japan to cooperate on semiconductors as part of new economic dialogue

U.S., Japan to cooperate on semiconductors as part of new economic dialogue

WASHINGTON, July 29 (Reuters) – The United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. The two long-time allies agreed to establish a new joint research center for next-generation semiconductors during the so-called economic “two-plus-two” ministerial

Yellen vows tough U.S. measures against countries abusing economic order

Yellen vows tough U.S. measures against countries abusing economic order

U.S. Treasury Secretary Janet Yellen speaks during a news conference, ahead of the G20 Finance Ministers and Central Bank Governors Meeting, in Nusa Dua, Bali, Indonesia, July 14, 2022. Made Nagi/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register SEOUL, July 19 (Reuters) – The United States will impose harsh consequences on

The devastating economic toll of severe heat waves

The devastating economic toll of severe heat waves

Western Europe is reeling from the hottest temperatures on record as a third of the U.S. buckles down for a heat wave of its own. Disastrous heat waves are becoming increasingly more common with global warming — killing people, damaging infrastructure and straining energy supplies. A growing body of research shows that extreme heat has long-lasting effects

Wall Street braces for economic ‘hurricane’

Wall Street braces for economic ‘hurricane’

“The debate has shifted on inflation,” Asutosh Padhi, managing partner overseeing North America at consulting firm McKinsey & Co., said in an interview with POLITICO editors and reporters. “People have stopped trying to forecast, at least clients I speak with, on how much and how long” the run of inflation will last. “It’s permanent enough,

Germany’s Rhine river levels running low putting economy at risk

Germany’s Rhine river levels running low putting economy at risk

A photo taken on July 18, 2022 shows a puddle of water amid the nearly dried-up river bed of the Rhine in Cologne, western Germany, as many parts of Europe experience a heatwave. Ina Fassbender | AFP | Getty Images The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low