Breaking News: Economy

‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with…

From FedEx to airlines, companies are starting to lose their pricing power

After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the…

A slew of new conflicts could erupt in 2024, analysts say — while the world is watching Gaza and Ukraine

With the eyes of the world on the ongoing wars in Ukraine and Gaza, an unprecedented number of potentially “catastrophic”…

Inflation has created a dark cloud over how everyday Americans view the economy

When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges. The newly…

Fed’s favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected

A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal.…

UK inches closer to technical recession as growth is revised down

LONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter.…

UK and Switzerland sign post-Brexit financial services deal

LONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe’s…

Houthi attacks rocking Red Sea trade routes likely won’t end anytime soon. Here’s what could happen next

Drone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow…