The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years,…
Tag: Breaking News: Economy
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
A trader signals an offer in the Standard & Poor’s 500 stock index futures pit at…
Stocks making the biggest moves midday: Intel, Elastic NV, MongoDB and more
Check out the companies making headlines in midday trading: Intel — The chipmaker jumped about 9.5%…
The Fed’s favorite inflation indicator increased 0.2% in July, as expected
Inflation edged higher in July, according to a measure favored by the Federal Reserve as the…
Increased sausage demand could be worrying signal on the economy
A meat counter showing a variety of sausages at a Fred Meyer grocery store, a sub…
Markets are now wondering whether the Fed might cut by half a point in September
With Federal Reserve Chair Jerome Powell all but confirming that an interest rate cut is imminent,…
No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia is moving full steam ahead…
Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising…
Trump, Harris inflation arguments are questionable, Chicago Fed president says
Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023. David A. Grogan | CNBC Chicago…
Blinken to arrive in Israel as U.S. pushes for Gaza ceasefire
U.S. Secretary of State Antony Blinken talks onboard the plane during his visit to Israel as…
Stocks making the biggest moves midday: Rocket Lab, Bavarian Nordic, H&R Block and more
Check out the companies making headlines in midday trading: Rocket Lab — The space company soared…
Consumer spending jumped in July as retail sales were up 1%, much better than expected
Consumer spending held up even better than expected in July as inflation pressures showed more signs…
Wednesday’s big CPI inflation report could mark a change in thinking for the Fed
Product prices as seen at Walmart. Courtesy: Walmart The news Tuesday was good for inflation, and…