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…
IMF gives damning verdict on Britain’s tax cuts
The new economic measures laid out by the U.K. government “will likely increase inequality”, according to a spokesperson from the…
Pound tanking, massive tax cuts and talk of emergency hikes. Here’s what’s going on in the UK
Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images…
From the Fed to Europe’s currency crisis, here’s what’s behind this selloff in financial markets
Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that its…
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…
Graffiti Art Gets a Permanent Home in L.A. With the Opening of Beyond the Streets Gallery
Roger Gastman, the noted graffiti historian and street art collector, is opening a permanent Los Angeles home for Beyond the…
Wall Street’s top analysts bet on these stocks as economic uncertainty increases
Apple CEO Tim Cook presents the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, U.S.…
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…
Ukraine offensive ‘snowballs’ with fall of Russian stronghold
Ukrainian troops advance in Kharkiv Oblast on Friday, Sept. 9. The country’s soldiers have burst through Russia’s lines and liberated…
Queen Elizabeth II’s death marks a new era for Britain, beset by economic uncertainty
Crowds gather in front of Buckingham Palace to pay their respects following the death of Queen Elizabeth II in Balmoral,…
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…
‘You’ve got to eat’: Energy bills are squeezing businesses and people as UK costs soar
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a…
Germany has worked hard to shore up winter gas supplies — and it’s ahead of schedule
European governments are scrambling to fill underground storage with gas supplies to provide households with enough fuel to keep homes…
UK inflation hits new 40-year high of 10.1% as food and energy price surge continues
Liz Truss and Rushi Sunak during The Sun’s Showdown: The Fight for No10, the latest head-to-head debate for the Conservative…
‘Floundering, not drowning’: Economists divided on prognosis for Russian economy
Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service (Rosfinmonitoring) Yury Chikhanchin at the Kremlin in Moscow,…
This was a good week for inflation numbers, but whether it can last is the big question
Gas station prices are seen in Bethesda, Maryland on August 11, 2022. Mandel Ngan | AFP | Getty Images There…
Critical inflation report could show price increases have eased
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly |…