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Breaking News: Economy

The Fed’s preferred inflation measure rose 0.2% in April

by Adrian Jhonsan
The Fed’s preferred inflation measure rose 0.2% in April

Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by …

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Categories World

France aims to become global AI leader with backing from U.S. Big Tech

by Adrian Jhonsan
France aims to become global AI leader with backing from U.S. Big Tech

French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024. Yoan Valat | Afp …

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Categories World

Oil alliance OPEC+ could extend production cuts this weekend

by Adrian Jhonsan
Oil alliance OPEC+ could extend production cuts this weekend

The OPEC logo on the building of the Organization of the Petroleum Exporting Countries. Thomas Coex | Afp | Getty Images The oil-producing Organization of the Petroleum Exporting Countries and …

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Categories World

Consumers, businesses have turned cautious

by Adrian Jhonsan
Consumers, businesses have turned cautious

Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in …

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Categories World

Fed’s Williams says inflation is too high but will start coming down soon

by Adrian Jhonsan
Fed’s Williams says inflation is too high but will start coming down soon

John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during the Market Forum: FX in Focus event in New York, on Thursday, Sept. 7, …

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Categories World

Global debt has grown to $315 trillion in 2024

by Adrian Jhonsan
Global debt has grown to 5 trillion in 2024

The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt wave has been the biggest, fastest and most wide-ranging rise in …

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Categories World

Fed’s Kashkari wants ‘many more months’ of positive inflation data before rate cut

by Adrian Jhonsan
Fed’s Kashkari wants ‘many more months’ of positive inflation data before rate cut

LONDON — The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Tuesday. Asked what conditions were needed …

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Categories World

Time is ‘ripe’ to cut rates next week: European Central Bank’s Rehn

by Adrian Jhonsan
Time is ‘ripe’ to cut rates next week: European Central Bank’s Rehn

Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In …

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Categories World

British retail sales plunge 2.3% in April, missing estimates

by Adrian Jhonsan
British retail sales plunge 2.3% in April, missing estimates

People walk in the rain over the London Bridge in central London on March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images LONDON — U.K. …

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Categories World

Turkish markets are ‘on the verge of a renaissance moment,’ Citi says

by Adrian Jhonsan
Turkish markets are ‘on the verge of a renaissance moment,’ Citi says

Golden Horn and Bosphorus at sunset, Istanbul, Turkey Matteo Colombo | Digitalvision | Getty Images Investors who ran from Turkey in droves over the last several years may want to …

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Categories World
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