Economy

ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off

Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central…

Bank of England governor says the UK is facing a wage-price spiral

LONDON — After more than a year of warnings, Bank of England Governor Andrew Bailey says the U.K. is now…

Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline

WASHINGTON — A bill to raise the debt limit and cap government spending passed in the House by a wide…

Stocks making the biggest moves premarket: Advance Auto Parts, SoFi, Twilio and more

Check out the companies making headlines in premarket trading. SoFi — The financial services platform added nearly 7%. A deal…

Former Fed Chair Ben Bernanke says there’s more work ahead to control inflation

WASHINGTON — Former Federal Reserve Chair Ben Bernanke, who guided the central bank and the U.S. economy through the Great…

Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more

Check out the companies making the biggest moves midday. Intel — Shares popped 4.83% after the chipmaker’s finance chief said…

How the A.I. explosion could save the market and maybe the economy

A blockbuster profit report Wednesday from Nvidia crystallized an important point for both markets and the economy: For better or…

A U.S. recession would be ‘good news’ for markets, strategist says

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder…

Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed

Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to…

TripAdvisor rival GetYourGuide nears $2 billion valuation as it raises fresh funds to invest in A.I.

German online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on a bump in demand for travel…