Euro zone inflation dips for a third straight month as energy prices continue to fall
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above…
In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents
Aerial view of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard…
Markets need to ‘re-anchor their thinking’: Bank of England chief economist hints that traders have it wrong
LONDON — The Bank of England remains committed to its “key goal” of bringing down inflation, but hopes markets will…
The crisis is over for the British pound, but analysts see further weakness ahead
Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The British pound is on firmer footing since…
Why China won’t bail out its real estate sector
Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a…
Dow climbs more than 700 points on Friday as Wall Street clinches its best week since June
Stocks climbed on Friday as Wall Street closed a volatile week on a high note despite some disappointing earnings reports.…
Dow closes 400 points lower to end a wild week of trading
Stocks slumped Friday, capping off a volatile week of trading, a day after posting a historic turnaround rally as investors…
Fed officials expect higher rates to stay in place, meeting minutes show
Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect…
UK bond market moves are dramatic — and confusing. And analysts think it could get worse
Getty Images LONDON — U.K. bonds sold off again this week, pushing yields to their highest level since before the…
‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and…
Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong
Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve…
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept.…
Dow tumbles 500 points on Friday to end September down nearly 9%
Stocks fell in choppy trading Friday as Wall Street closed out a terrible week, month and quarter that brought the…
Is the UK now a buy? Analysts weigh in after market meltdown and Bank of England intervention
A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty…
Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up…
Britain pursues ‘trickle-down economics’ despite scorn from Biden. And the stakes are sky-high
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations…
Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will…