Inflation rose 0.5% in January, more than expected and up 6.4% from a year ago
Inflation turned higher to start 2023, as rising shelter, gas and fuel prices took their toll on consumers, the Labor…
‘That’s how capitalism works,’ Biden says of SVB, Signature Bank investors who lost money in failed banks
WASHINGTON — President Joe Biden sought to assure customers of Silicon Valley Bank and Signature Bank on Monday that their…
Russia’s budget deficit has surged. But economists say Moscow won’t drain its war chest any time soon
The coming months will be critical in figuring out how Russia’s economy is holding up in the face of a…
GOP presidential contenders cast blame for Silicon Valley Bank collapse
Former President Donald Trump and other 2024 Republican presidential hopefuls spoke out over the weekend on the failure of Silicon…
Retail sales jump 3% in January, smashing expectations despite inflation increase
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales…
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient production and exports in recent…
Wholesale prices rose 0.7% in January, more than expected, fueling inflation increase
Inflation rebounded in January at the wholesale level, as producer prices rose more than expected to start the year, the…
Consumer debt hits record $16.9 trillion as delinquencies also rise
Consumer debt hit a fresh record at the end of 2022 while delinquency rates rose for several types of loans,…
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
LONDON — The U.K. has thus far avoided a widely anticipated recession, and the signs from the business world are…
OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger
OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook…
