Americans’ buying power rose for first time since March 2021 amid falling inflation
Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…
China’s new EV subsidies might not be enough to bolster slowing growth
BEIJING — Subsidies for electric cars aren’t enough to boost growth in China’s slowing economy. One of the few detailed…
Brits are facing a major mortgage crisis as lending rates soar
LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as rising mortgage costs hit deal…
Rate cuts, hikes and pauses: The world’s central banks just made very different decisions
From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week struck very different tones…
The rich often misjudge the potency of their retirement savings, report finds
Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others,…
Investors are eyeing China’s neighbors as the recovery from ‘zero-Covid’ slows
China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to…
JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm
To at least one market veteran, the stock market’s resurgence after a string of bank failures and rapid interest rate…
China can’t rely on Southeast Asian exports to offset a U.S. slowdown
BEIJING — China can’t easily rely on its neighbors as export markets in a global slowdown, the latest trade data…
Euro zone enters recession after Germany, Ireland growth revision
The euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the…
