Shock summer election in Britain predicted to deliver ‘historic’ result
U.K. Prime Minister Rishi Sunak ended months of speculation this week by announcing a national election on July 4, as…
Most Americans falsely think the U.S. is in recession, poll shows
More than half of Americans think the United States is in an economic recession, although gross domestic product has been…
Some consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates…
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central…
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…
UK economy emerges from recession with 0.6% growth in first quarter
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed…
Stanley Druckenmiller gives Biden’s economic policies an ‘F,’ blames the Fed for reigniting inflation
Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden’s chances at getting…
Turkey’s inflation accelerates to nearly 70% in April
Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. The highest consumer…
Trump could drive inflation higher with his second-term economic agenda, analysts say
Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he…
