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…
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…
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…
Here’s where China’s real estate troubles could spill over
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a…
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 |…
Consumers expect inflation to slow down, a big win for the Fed
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg…
See the Incredible, Recently Rediscovered Photographs a Young Woman Took During a Trip to Postwar South Korea: ‘These Places Are Gone’
A recently rediscovered trove of historical photographs of South Korea in the mid-1950s has offered a stunning time capsule of…
Editors’ Picks: 11 Events for Your Art Calendar This Week, From Andy Warhol’s ‘Chelsea Girls’ to Kesh’s Verdant Videos in Times Square
Each week, we search for the most exciting and thought-provoking shows, screenings, and events, both digitally and in-person in the…
Inflation figure that the Fed follows closely hits highest level since January 1982
An inflation gauge that the Federal Reserve uses as its primary barometer jumped to its highest 12-month gain in more…
Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation
The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp…
Outraged by strike on Odesa, Ukraine still prepares to resume grain exports
A general view shows a fire engine at a scene of a burning building after a shelling, as Russia’s invasion…
Millennials are to blame for sky-high inflation, strategist says
Soaring inflation is putting markets on edge and triggering fears of a recession. The latest consumer price index data this…
Yellen says price cap on Russian oil is ‘one of our most powerful tools’ to address inflation
BALI, Indonesia — A cap on Russian oil prices will be crucial to help bring down inflation as U.S. consumer…
Another hot inflation report and the start of earnings season make for a challenging week ahead
Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Consumer inflation data and the start of the…
‘It’s Important to Leave Something for the People of Venice’: Why Artist Bosco Sodi Is Letting Locals Take His Biennale Art Home
When the Venice Biennale closes in November, artworks from hundreds of artists will be packed up and shipped back to…
The market’s worst first half in 50 years has all come down to one thing
Traders on the floor of the NYSE, June 13, 2022. Source: NYSE A multitude of factors conspired to generate the…
Powell tells Congress the Fed is ‘strongly committed’ on inflation, notes recession is a ‘possibility’
Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and…
Look for more selling pressure next week as investors learn the hard way not to fight the Fed
Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban…