UK economy flat in February as strikes and inflation bite — and the IMF delivers reality check
LONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity. Data on…
Fed expects banking crisis to cause a recession this year, minutes show
WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according…
Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold
Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The…
Warren Buffett explains why he bought 5 Japanese trading houses: I was ‘confounded’ by the opportunity
Warren Buffett said he was “confounded” by the opportunity to buy into five Japanese trading houses two years ago. “I…
Banking turmoil was not a crisis but ‘the downside risks are real,’ IIF boss warns
The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now…
Wall Street is wrong: Former Pimco chief economist Paul McCulley predicts rate hikes will end next month
Wall Street is wrong about the Federal Reserve’s interest rate path, according to former Pimco chief economist Paul McCulley. Barring…
Stocks making the biggest moves midday: WW International, CarMax, Mohawk, Moderna and more
Check out the companies making headlines in midday trading. WW International – Shares of the WeightWatchers parent surged 48%. Goldman…
Banks in ‘more precarious situation’ creating risks for global growth, IMF chief economist warns
Interest rate rises have increased banks’ vulnerabilities — and their response presents a significant risk to global growth, the International…
‘Unfinished business’: Biden visits Northern Ireland as political tensions persist
U.S. President Joe Biden concluded his brief visit to Northern Ireland on Wednesday to mark the 25th anniversary of the…
Outlook for credit access hits record low while inflation expectations jump, NY Fed survey shows
Consumers are getting more pessimistic about inflation and their access to credit, according to the results of a monthly survey…
