China’s deflation could spill over into a global concern, economists say
China’s economic challenges have given rise to deflationary pressures that present a global concern and are likely to accelerate in…
Hawaii wildfires caused up to $6 billion in economic losses, Moody’s estimates
The catastrophic wildfires in Maui, Hawaii, have caused between $4 billion and $6 billion in economic losses, according to an…
American workers are demanding almost $80,000 a year to take a new job
The amount of money most workers want now to accept a job reached a record high this year, a sign…
China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche
China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a…
Biden takes a victory lap one year after signing Inflation Reduction Act
WASHINGTON — President Joe Biden celebrated the one year anniversary of the signing of the Inflation Reduction Act, arguing that the…
Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show
Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes…
Retail sales increased 0.7% in July, better than expected as consumer spending is holding up
Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the…
Russian ruble slumps to near 17-month low, briefly moves past 100 against dollar
The Russian ruble briefly notched 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin‘s economic advisor blamed loose monetary…
Argentina markets slide after far-right libertarian Javier Milei’s win in primary vote
Pressure built on Argentina’s currency and stocks on Monday after a far-right libertarian who wants to axe the central bank…
Wholesale prices rose 0.3% in July, higher than expected
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.…
