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…
Stocks close higher for fourth straight session ahead of key inflation report, Dow rises 200 points
21 Min Ago S&P 500 and Nasdaq put together first 4-day advance in 2+ months The S&P 500 rose Monday…
European Central Bank raises rates by 75 basis points to tackle soaring inflation
The ECB announced a second consecutive interest rate rise to combat red-hot inflation. Daniel Roland | Afp | Getty Images…
Could China’s Currency Be The New World Reserve?
Get your free subscription to Morning Brew at https://morningbrewdaily.com/economicsexplained Since the end of world war 2 the US dollar has…
China’s consumer and factory data miss expectations in July
Employees working on an air-conditioner production line at a Midea factory in Guangzhou, China. Jade Gao | AFP | Getty…
Here’s how to know if we’re in a recession, and it’s not what you think
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly |…
Dia Employees in New York and Beyond, Citing Low Wages and Rising Costs of Living, Petition for Union Representation
Workers at the Dia Art Foundation, which has multiple locations across the United States, including several in New York, have…
Christie’s Is Getting Into Venture Capital With a New Fund for Tech Startups Making Financial Tools for the Art Market
Having already helped launch NFT art into the mainstream with the $69 million sale of Beeple’s Everydays – The First…
Goldman Sachs crushes analysts’ expectations on strong bond trading results, shares rise 3%
Goldman Sachs on Monday posted profit and revenue that exceeded analysts’ estimates as fixed income traders generated roughly $700 million…
Euro teeters on the brink of parity with the U.S. dollar on recession fears
A financial trader monitors data on computer screens as a desktop television shows euro currency banknotes at the Frankfurt Stock…
Switzerland surprised markets with a rate hike. But Japan could cause a much more violent reaction
Japan’s national flag flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan. Tomohiro Ohsumi |…
G-7 nations to announce import ban on Russian gold as Moscow sanctions widen
The move would add to a series of punitive penalties imposed by the West on Russia since its onslaught of…
Russia’s ruble hit its strongest level in 7 years despite massive sanctions. Here’s why
Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken…
Bank of England hikes rates for the fifth time in a row as inflation soars
LONDON — The Bank of England on Thursday implemented a fifth consecutive hike to interest rates as it looks to…
A Rare $10 Gold Coin Designed by Augustus Saint-Gaudens at Teddy Roosevelt’s Insistence Fetches $1.1 Million at Auction
A rare $10 gold coin designed by sculptor Augustus Saint-Gaudens in 1907 was auctioned off for $1.14 million at Stack’s…