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…
Global Economy News, Financial Trends & Market Analysis
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Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024…
JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’
JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out.When asked by…
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie Plesch…
UK inflation comes in hotter than expected, slashing June rate cut bets
The war between Russia and Ukraine — both major producers of food commodities and energy — has disrupted global production,…
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20,…
Soaring debt and deficits causing worry about threats to the economy and markets
A view shows the U.S. Capitol in Washington, U.S., May 9, 2024. Kaylee Greenlee Beal | ReutersGovernment debt that has swelled…
Some consumers are punting big purchases like pools and mattresses
Ordini’s Best Fiberglass Pools contractors work to install a pool, which the company says have dramatically increased in sales due…
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the…
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that…
Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and…
Here’s everything to expect from Wednesday’s key report on inflation
People shop in the food section of a retail store in Rosemead, California, Jan. 19, 2024.Frederic J. Brown | AFP…
Wholesale prices rose 0.5% in April, more than expected
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon.The producer…
Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows
Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation…
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…
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…
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