Biden embraces July inflation report: ‘That’s Bidenomics’
WASHINGTON — Despite a small rise in inflation last month over June’s rate, President Joe Biden on Thursday insisted that July’s…
China’s real estate market roiled by default fears again, as Country Garden spooks investors
BEIJING — Two years after Evergrande’s debt troubles, worries about China’s real estate sector are coming to the forefront again.…
Thursday’s inflation data may be low, but don’t expect the Fed to declare ‘mission accomplished’ yet
Thursday’s consumer price index report likely will show that the pace of price increases is easing, but not enough to…
China’s consumer prices fall for the first time in 2 years, as fears of deflation grow
BEIJING — China reported inflation data for July that pointed to a modest improvement from June. The consumer price index…
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its…
Italian bank shares slide after government surprises with windfall tax
Italian banking shares took a beating on Tuesday morning after Italy’s cabinet approved a 40% windfall tax on lenders’ “excess”…
JPMorgan backs off recession call even with ‘very elevated’ risks
JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a…
Here’s everything you need to look for in Friday’s July jobs report
Friday’s jobs report could provide a crucial piece to the increasingly complicated puzzle that is the U.S. economy and its…
Warren Buffett says he’s not worried about Fitch’s U.S. downgrade
Warren Buffett shrugged off Fitch’s U.S. credit rating downgrade, noting it doesn’t change what his conglomerate, Berkshire Hathaway, is doing…
China turns to rural tourism and smart appliances to boost consumption
BEIJING — Instead of handing out cash, China is trying to make sure consumers and businesses spend where it matters…
