Elon Musk signaled support for eroding the independence of the Federal Reserve, setting off alarm bells for some investors. There’s little appetite on Wall Street for...
The Federal Reserve cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point cut in September, with the pace of inflation continuing to...
Russia almost tripled its defense spending to finance its invasion of Ukraine. Defense firms are busy — but high inflation and interest rates past 20% have...
JPMorgan and Wells Fargo kick off bank earnings on Friday. Expect lots of questions about how lower rates will impact business going forward. Investment bankers are...
As Russia’s GDP and inflation figures move in the wrong direction, the worst-case scenario for any economy looms large over Moscow. “There are signs of cooling...
One down. One to go. Wednesday’s interest-rate cut might have marked the end of the Fed’s fight with inflation, but it also signaled the start of...
The economy may look strong on paper, but Americans are more worried than ever about losing their jobs as fears of a “vibecession” take hold. The...
(Bloomberg) — European stocks dropped and US futures fluctuated, prolonging the volatility that has gripped global markets for days as the debate around central bank policy...
However, it looks like gold has gotten so expensive that even the People’s Bank of China is taking a break. On Friday, official data showed China’s...
Russia’s economy appears to have an intensifying issue following more than two years of war with Ukraine: It’s overheating. Herman Gref, the CEO of Sberbank —...
Households in China are still grappling with a weak job market, with consumption spending relatively low as they lean more towards savings, the latest central bank...
US employers increased their payrolls by 175,000 in April — a notable slowdown from the average 276,000 new jobs per month created so far this year....