Consumer sentiment tumbles as inflation fears surge
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey…
Global Economy News, Financial Trends & Market Analysis
Stay updated with the latest economy news, inflation reports, GDP growth updates, Federal Reserve decisions, and global financial developments at StockXpo. Our expert-driven economy coverage helps readers understand market movements, economic trends, and worldwide financial changes with simple and informative analysis.
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
Getty ImagesAt American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for…
Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
Bank of England Governor Andrew Bailey attends the central bank’s Monetary Policy Report press conference at the Bank of England,…
The U.S. is now Germany’s biggest trading partner — taking over from China
The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck…
UK economy emerges from recession with 0.6% growth in first quarter
Commuters in London.Jason Alden/Bloomberg via Getty ImagesThe U.K. economy has emerged from recession as gross domestic product rose 0.6% in…
Weekly jobless claims jump to 231,000, the highest since August
Initial filings for unemployment benefits have hit their highest level since late August 2023, a potential sign that an otherwise…
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…
Renters’ hopes of being able to buy a home have fallen to a record low, New York Fed survey shows
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New…
Immigrant workers are helping boost the U.S. labor market
People walk through the newly opened Grand Central Madison train terminal in Manhattan on February 27, 2023 in New York…
Jobless rates rise in April for all racial groups except Black Americans
A networking and hiring event for professionals of color in Minneapolis.Michael Siluk | Getty ImagesThe unemployment rate for Black Americans…
Turkey’s inflation accelerates to nearly 70% in April
A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic,…
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, lifting hopes that the Federal…
Here’s what to expect from the April jobs report on Friday
A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11,…
UK to suffer slowest growth of all rich nations next year, OECD says
People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024.Lucy North – Pa…
BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
The BlackRock logo is displayed at the company’s headquarters in New York City on Nov. 14, 2022.Leonardo Munoz | Getty…
Here’s everything to expect from the Fed meeting that will move markets on Wednesday
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7…
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S.…
Here’s everything to expect from the Fed that will move markets on Wednesday
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7…
McDonald’s and other big brands warn that low-income consumers are starting to crack
McDonald’s employee giving change to a customer.Jeffrey Greenberg | UIG | Getty ImagesSome of America’s best-known corporations are saying their…
Worker pay rose more than expected in Q1 in another sign of persistent inflation
Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation, while consumer…
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