Millions of Americans hit the road over Memorial Day weekend, with record-high gas prices pinching their wallets. The national average price for a gallon of regular unleaded gas hit $4.67 as of Wednesday, according to AAA, $1.63 higher than a year earlier and about 14% above the pre-2022 high of $4.11 set in 2008. Prices […]
Kitsap Update
Strategies for Quickly Expanding small Business in Kitsap County.
Growing a business can be a tedious process with many ups and downs. If anyone want to expand their business into new markets and take their business to the next level, here are 6 secrets to boosting your business growth and quickly expanding the business in Kitsap county. With many companies still facing state-imposed limitations […]
PMorgan CEO Jamie Dimon Warns of Incoming Economic Hurricane — Says ‘You Better Brace Yourself’
The CEO of JPMorgan & Chase, Jamie Dimon, warned about an incoming economic hurricane Wednesday at a financial conference sponsored by Alliancebernstein Holdings. “It’s a hurricane,” Dimon exclaimed. While noting that “Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it,” the JPMorgan executive stressed: That hurricane is […]
Invasive European green crab found in Kitsap County’s Hood Canal
SEATTLE— An invasive European green crab was captured this week in Hood Canal, the farthest south the species has been found in the Salish Sea. Volunteers with Washington Sea Grant trapped the male European green crab in Nick’s Lagoon near Seabeck in Kitsap County, The Seattle Times reported. The organization has been tasked by the […]
World Bank warns over global recession. What it means for Kitsap county?
The head of the World Bank has warned that Russia’s invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump. David Malpass told a US business event on Wednesday that it is difficult to “see how we avoid a recession”. He also said that a series of coronavirus […]
US stocks rally as Fed minutes meets expectations.
KITSAP COUNTY- Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve’s latest monetary policy meeting showed policymakers unanimously felt the United States economy was very strong as they grappled with reining in inflation without triggering a recession. Most Federal Reserve officials agreed at their gathering this month that the central bank needed […]
KITSAP COUNTY GAS PRICES CONTINUE TO HIT RECORD HIGHS.
The average price of regular gas in the Bremerton metro area reached $5.201 per gallon, slightly higher than the average price in Washington state, which was $5.196 per gallon on Friday, according to AAA. The highest gas price in Kitsap County on Friday appeared in Port Orchard, where Shell on Mullenix Road got up to $5.44 per gallon. Some gas stations in North Kitsap, South Kitsap, Central Kitsap and Bainbridge Island have […]
Adjustable-rate mortgages are becoming more popular as rates soar.
Rising interest rates are making adjustable-rate mortgages an increasingly attractive alternative to common 30-year, fixed-rate home loans. As interest rates on traditional fixed-rate 30-year mortgages climb higher and higher, an increasing number of buyers are turning to adjustable-rate mortgages in hopes of getting a better deal. But while the potentially lower rates these mortgages can offer may […]
U.S. Stock markets fall sharply as investors worry about recession.
U.S. stocks fell sharply, with two of the major indexes suffering their worst day since 2020, as the latest set of disappointing earnings from large retailers raised investors’ fears of a recession. The Dow Jones Industrial Average closed Wednesday down 1164.52 points, or 3.6%, to 31490.07, its lowest closing level since March 2021. The S&P […]
The US could be on the verge of recession, warns former Goldman Sachs CEO: Should the world be worried?
Goldman Sachs Senior Chairman Lloyd Blankfein, in a recent interview, said that the US is at a “very, very high risk” of a recession. Many factors have led up to this but no one knows when the recession will arrive or how severe it could be. Will a recession in the world’s largest economy affect […]