British retail sales plunge 2.3% in April, missing estimates
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…
Macron: French AI boom could help EU close tech innovation gap with U.S. and China
PARIS, France — Europe is pursuing AI innovation, tech regulation and competition with China in very different ways than the…
JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’
JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked…
Federal Reserve minutes indicate worries over lack of progress on inflation
Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the…
UK Prime Minister Rishi Sunak calls July 4 general election
LONDON — U.K. Prime Minister Rishi Sunak on Wednesday called for a general election to take place on July 4,…
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the…
Fed Governor Waller wants ‘several months’ of good inflation data before lowering rates
Federal Reserve Governor Christopher Waller, citing a string of data showing that inflation appears to be easing, said Tuesday that…
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in…
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of…
