Some consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates…
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…
Biden slams Trump as he touts record-high Dow crossing 40,000
President Joe Biden’s campaign ripped presumptive Republican nominee Donald Trump after the Dow Jones Industrial Average hit a record 40,000 on…
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the…
Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and…
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that…
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central…
China is engaged in ‘deliberate’ efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods.…
Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
Wholesale prices rose 0.5% in April, more than expected
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon. The…
